SpaceX has signalled intentions to launch a dedicated Starlink mobile service for US consumers, according to a report from the Financial Times. The aggressive expansion would position the Elon Musk-led aerospace giant to compete head-to-head with legacy terrestrial carriers Verizon, AT&T, and T-Mobile. Read: IBM unveils world’s first sub-1nm transistor architecture Currently, SpaceX operates a…
SpaceX shares climbed about 4% on Tuesday after slipping below $150, the price of its first trade when it debuted nearly two weeks ago. The initial slide also took the market cap below $2 trillion. Elon Musk‘s space and artificial intelligence company saw a $400 billion sell-off on Monday, tanking 16%, following drops of 3.6%…
SpaceX on Monday announced a senior unsecured notes offering and disclosed about $100.8 billion in cash. Shares of SpaceX fell 11% and headed for a third consecutive losing session. The space and artificial intelligence company plans to use the proceeds to pay off bridge financing and other general purpose needs. The filing didn’t disclose how…
SpaceX is down more than 3% in premarket trading on Monday, continuing a selloff that has seen the stock fall in the past two full days of trading after a rally after its record-breaking IPO. Shares in the company were down 3.65% at 5:15 a.m. ET. Elon Musk’s space and artificial intelligence firm became one…
Just days after its historic initial public offering (IPO), SpaceX has officially agreed to acquire AI coding startup Cursor in a massive $60 billion all-stock transaction. The agreement solidifies a fast-moving corporate courtship that began less than two months ago, with the deal projected to close in the third quarter of this year. Read: Meta…
Less than a week after its blockbuster $75 billion initial public offering, SpaceX has appointed veteran Sequoia Capital investor Roelof Botha to its board as an independent director. According to a regulatory filing, Botha will also join the aerospace giant’s audit committee effective immediately. Read: Siri AI: A deep dive into Apple’s new intelligent assistant…
Roelof Botha In a major corporate governance move following its blockbuster Wall Street debut, SpaceX has appointed prominent South African-born venture capitalist Roelof Botha to its board of directors. According to a regulatory filing submitted to the US Securities and Exchange Commission, Botha was elected as an independent common stock director effective 16 June 2026….
South African investors poured R179-million in just two days into SpaceX when it hit the public markets last week, with EasyEquities data revealing a frenzy of activity that has already made the stock the platform’s second-largest US dollar holding after Tesla. Retail investors moved fast when SpaceX began trading. On the first day, Friday, 12…
South African Elon Musk is the first person to be worth more than $1 trillion. (Graphic by Nicola Mawson, with images from Daniel Oberhaus and SpaceX) Pretoria-born Elon Musk has become the first person in the world to be worth more than $1 trillion after SpaceX’s share price gained 25.38% almost overnight to hit a…
SpaceX shares rose 3% in premarket trading on Wednesday, as the Elon Musk-led company extended a remarkable rally that’s seen the stock surge around 62% since a blockbuster IPO on Friday. Consistent gains for SpaceX this week pushed its market cap above Amazon on Tuesday, and it briefly surpassed Microsoft to become the fourth-largest company…
