Shares of SpaceX soared 23% in their Wall Street debut on Friday, making the rocket maker´s CEO Elon Musk the first-ever trillionaire. The shares opened at $150 and kept rising, reaching $166.90 around 12:.20 p.m. ET. That price gave the company a market value of $2.18 trillion. Forbes is now estimating Musk’s net worth at […]
SpaceX
Elon Musk edges closer to trillionaire milestone
Elon Musk has moved closer than ever to becoming the world’s first trillionaire after a dramatic surge in his wealth linked to the record-breaking public offering of SpaceX. According to recent estimates, Musk’s net worth soared by an unprecedented $274 billion in a single day, pushing his total fortune to approximately $971 billion. The sharp […]
SpaceX makes history with record $75 billion IPO
Elon Musk’s SpaceX has achieved a historic milestone by launching the largest initial public offering (IPO) in United States history, raising $75 billion and securing a market valuation of approximately $1.77 trillion. The aerospace and satellite technology company priced its shares at $135 each, selling more than 555 million shares in a landmark offering that […]
SpaceX Starship test flight achieves key milestones ahead of IPO
SpaceX completed a largely successful test flight of its next-generation Starship rocket on Friday, marking a key milestone as the company moves closer to a potential record-breaking initial public offering. The uncrewed mission, launched from Starbase, Texas, successfully deployed mock satellites and completed a controlled splashdown in the Indian Ocean, achieving most of its planned […]
Big risks and rewards in upcoming IPOs at SpaceX, OpenAI, Anthropic
Wall Street is licking its chops over an unprecedented slate of massive IPOs set to arrive in the coming months, beginning with Elon Musk’s SpaceX in June. That is expected to be followed by artificial intelligence rivals OpenAI and Anthropic. The trio of mega listings, each eyeing valuations around $1 trillion or more, constitutes a […]
Pakistani co-founder AI startup Cursor eyes $60bn SpaceX deal
AI coding startup Cursor, co-founded by Pakistani entrepreneur Sualeh Asif, is set for a potential $60 billion acquisition deal with SpaceX, marking a major milestone for Pakistan’s growing presence in the global tech industry. Read More: Anthropic expands partnership with Google for $10B AI chip deal According to multiple reports, SpaceX has secured the right to acquire […]
Elon Musk brings SpaceX team to overhaul xAI
WASHINGTON — Elon Musk, CEO of xAI and SpaceX, has initiated a major restructuring of xAI, admitting that the company “was not built right the first time around.” Musk has brought in a “fixer” from Tesla and SpaceX to audit the AI company and lead the overhaul, according to recent reports from the Financial Times. […]
Elon Musk restructures xAI ahead of $1.25 trillion SpaceX merger and planned IPO
Billionaire Elon Musk has reorganized his artificial intelligence startup xAI in preparation for a merger with SpaceX and a planned initial public offering later this year, potentially one of the largest IPOs ever. The overhaul follows the recent departure of several co-founders, leaving only six of the original twelve, as Musk positions the company to […]
Elon Musk: SpaceX to prioritize self-growing lunar city before Mars
LOS ANGELES: SpaceX CEO Elon Musk announced on Sunday that the company is shifting its primary focus to building a “self-growing city” on the Moon, potentially achievable within the next decade. While Mars colonization remains a long-term goal, Musk emphasized on X that “the overriding priority is securing the future of civilisation and the Moon […]
Musk is pushing for AI data centers in space
WASHINGTON: A proposed merger between Elon Musk’s SpaceX and artificial intelligence firm xAI could accelerate Musk ambition to deploy AI data centres in space, as competition intensifies in the global race to dominate advanced artificial intelligence. Read More: Jeff Bezos Predicts Space-Based Data Centres Within Decades Space-based AI data centres remain an early-stage concept but are designed […]