SpaceX raised $75 billion in the largest IPO ever, with shares jumping in their Nasdaq debut and valuing the company above $2 trillion. The listing pushed Elon Musk’s paper net worth past $1 trillion, though analysts questioned the company’s valuation.
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SpaceX shares rose sharply in their Nasdaq debut after the company raised $75 billion in the largest IPO on record. The listing values Elon Musk’s company at about $1.77 trillion while analysts question its profitability and AI-driven valuation.
SpaceX’s planned Nasdaq listing under the ticker “SPCX” could become the biggest IPO ever, with reported valuations around $1.75 trillion to $1.77 trillion. Retail investors may receive an unusually large allocation, though analysts warn the shares could be volatile and overvalued.
SpaceX is seeking to raise $75 billion in a record IPO that would value the company at roughly $1.75 trillion. The company proposed a $135 share price ahead of an expected Nasdaq debut next week, though the final price remains uncertain.
SpaceX launches its upgraded Starship V3 prototype in a key test flight supporting NASA's Artemis moon program. The flight will test new engines, satellite deployment, and re-entry maneuvers as NASA prepares for a 2028 lunar landing.
SpaceX files for an IPO without specifying fundraising goals, revealing financials and plans across space, satellite internet, and AI sectors.
On Tuesday evening, SpaceX launched a powerful Falcon Heavy rocket carrying an unpiloted X-37B spaceplane for a classified mission, as well as a Falcon 9 rocket loaded with 23 Starlink internet satellites. The X-37B is a reusable mini space shuttle used to carry classified experiments, and the Falcon Heavy is the most powerful rocket in operation. This launch marks another milestone for SpaceX in the space exploration industry.
Elon Musk refused a request from Ukraine to activate his Starlink satellite network in Crimea's port city of Sevastopol last year, citing fears of being complicit in a "major" act of war. This has sparked debate about the role of technology companies in international conflicts and the power Musk has amassed through his various businesses. Musk's refusal to aid the Ukrainian attack may have been a moral decision, but it raises questions about the power of technology companies to influence international conflicts.