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All eyes are on the SpaceX IPO — the world’s largest in history — and its CEO Elon Musk. But lest you forget, there is another publicly traded company in the Musk universe that many believe will someday merge with SpaceX. We’re talking about Tesla, which has a current market cap of about $1.52 trillion….
SpaceX lifted off on its first day as a public company, immediately jumping to $150 a share after it began trading on the Nasdaq, around 11% higher than the $135 figure at which it officially priced its IPO on Thursday. The stock price reached as high as $176 in midday trading, pushing the company’s market…
SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems…
SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems…
For once, SpaceX is ahead of schedule: Elon Musk’s space and AI conglomerate officially confirmed that it has raised $75 billion from the sale of its shares to its underwriters, who are set to begin marketing the company on the Nasdaq stock exchange Friday. SpaceX priced its 555.6 million shares at $135 each, the company…
SpaceX makes its public debut on Friday and some investors who backed the company through special purpose vehicles (SPVs) still don’t know how many shares they’re entitled to or whether they’ll get any shares at all. Investing through SPVs, where multiple parties pool their money to invest in a single company, has been around for…
NASA briefly had five astronauts aboard the International Space Station shelter in a docked SpaceX Crew Dragon spacecraft on Friday, while their Russian counterparts attempted to repair a leaking service module. NASA spokesperson Bethany Stevens initially wrote in an X post on Friday that Russia’s space agency, Roscosmos, had discovered new leaks in its service…
SpaceX has lined up another compute deal ahead of its historic IPO, this time with Google. The company announced the deal in a regulatory filing on Friday. Under the terms of the deal, Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to “approximately 110,000 NVIDIA GPUs, CPUs,…
With just two weeks to go, StrictlyVC Los Angeles is quickly approaching. On Thursday, June 18, at The Aerospace Corporation Campus in El Segundo, investors, founders, and tech leaders will gather for an evening of conversation exploring some of the most consequential shifts taking place across venture capital, defense technology, artificial intelligence, and advanced industry. Secure your spot here….
Blue Origin is planning to fly its New Glenn rocket again in 2026 despite last week’s massive explosion, according to CEO Dave Limp. Limp said Monday that more of the launchpad’s infrastructure was in “good shape” than expected following the explosion, which happened during testing at the company’s site in Cape Canaveral, Florida. Limp also…