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Tag: SpaceX

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Musk’s SpaceX raises $75bn in record US IPO

Elon Musk’s reusable rocket company is raising $75 billion, selling 555.6 million shares for $135 a piece, according to a filing with the Securities and Exchange Commission. The deal values SpaceX at $1.77 trillion, making it the seventh most-valuable United States company, ahead of Tesla, Musk’s electric vehicle maker. SpaceX’s Nasdaq debut will come Friday, […]

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Musk nears trillionaire status through SpaceX IPO

Tech billionaire and Tesla Chief Executive Officer, Elon Musk, is on the verge of becoming the world’s first trillionaire, with his fortune projected to exceed an unprecedented $1 trillion if SpaceX proceeds with its expected initial public offering next week. Musk currently holds an estimated $273 billion in Tesla stock and options. However, the planned […]

Tech

SpaceX demands higher fees from Pentagon over Starlink drone connectivity

SpaceX has pressed the United States Department of Defense to significantly increase what it pays for access to its Starlink satellite network, as Elon Musk’s space company becomes more deeply embedded in America’s expanding drone operations in the Iran conflict. According to sources familiar with the discussions and Pentagon documents reviewed by Reuters, senior SpaceX […]

SpaceX’s starship spirals out of control in test flight
Tech

SpaceX halts inaugural Starship V3 launch at Starbase

SpaceX has called off the inaugural launch of its third-generation Starship rocket system from its Starbase facility in Texas. The company is now expected to try again on Friday. The mission is a key milestone for SpaceX, marking the first flight test of its upgraded Starship V3 hardware. It also comes at a sensitive time […]

SpaceX’s starship spirals out of control in test flight
Tech

SpaceX reveals IPO plans, unveils first-ever financial performance

SpaceX has unveiled plans to go public in the United States, releasing its investor prospectus on Wednesday and disclosing financial details for the first time. Elon Musk’s rocket and satellite company is set to list on the Nasdaq under the ticker “SPCX” at an estimated valuation of about $1.75 trillion, with a potential listing date […]

SpaceX’s starship spirals out of control in test flight
Tech

SpaceX eyes $800bn valuation in new insider share sale

SpaceX is gearing up for an insider share sale that could value Elon Musk’s rocket and satellite company at up to $800 billion, potentially restoring its status as the world’s most valuable private firm. The plan, reviewed by SpaceX’s board on Thursday at its Starbase facility in Texas, may still shift depending on seller and […]

Musk's DOGE team allegedly spying on US govt workers
Tech

SpaceX inks $17b deal with EchoStar to boost 5G push

SpaceX owned by Elon Musk, announced on Monday that it will acquire wireless spectrum licenses from EchoStar for about $17 billion, a move seen as pivotal for expanding Starlink’s emerging 5G connectivity business. As part of the agreement, EchoStar’s Boost Mobile customers will also gain access to Starlink’s direct-to-cell service, extending coverage to areas currently […]

SpaceX’s starship spirals out of control in test flight
Tech

SpaceX’s Starship hits milestone with successful test flight

SpaceX achieved a breakthrough on Tuesday with the launch of its towering Starship rocket, marking its first successful deployment of test satellites after a string of fiery setbacks earlier this year. The more-than 400-foot rocket lifted off at 6:30 p.m. local time from the company’s Starbase facility in Texas, United States, completing a tense one-hour […]

Tech

SpaceX dragon capsule brings Axiom-4 crew back to earth 

A SpaceX capsule carrying a multinational crew from Axiom Space Inc. safely returned to Earth on Tuesday, splashing down off the California coast at 5:31 a.m. New York time after an 18-day stay aboard the International Space Station. The team—retired NASA astronaut Peggy Whitson, Indian test pilot Shubhanshu Shukla, Polish astronaut Sławosz Uznański-Wiśniewski, and Hungarian […]

SpaceX commits $2bn to xAI in bold push
News

SpaceX commits $2bn to xAI in bold push

SpaceX has invested $2 billion in Elon Musk’s artificial intelligence startup xAI, as part of a broader \$5 billion equity fundraising round, according to a report by The Wall Street Journal. The deal marks a deepening of financial and operational ties between Musk’s companies, as xAI positions itself to challenge AI leaders like OpenAI and […]

SpaceX eyes $400bn valuation in new funding round
News

SpaceX eyes $400bn valuation in new funding round

SpaceX is in talks to raise fresh capital through a new funding round that could lift its valuation to around $400 billion, according to a report by Bloomberg. The Elon Musk-led space company plans to raise the new funds by selling shares to existing investors and insiders. At the same time, SpaceX is reportedly preparing […]

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