A live feed shows SpaceX CEO Elon Musk on the day of SpaceX’s IPO, New York. Jeenah Moon/Reuters SpaceX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company. But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centres…
The SpaceX Starship and Super Heavy v3 Booster lift off on its 13th test flight from the SpaceX launch complex in Starbase, Texas, U.S., July 24, 2026. Steve Nesius | Reuters SpaceX launched its massive Starship rocket Friday evening from its company town and launch facility in Starbase, Texas, in a 13th test flight and…
SpaceX’s Starbase facility in Texas. Gabriel V Cardenas/Reuters SpaceX shares dropped below their initial public offering price for the first time on Wednesday before closing just above that level, just over a month after the rockets-to-AI firm completed the biggest IPO ever and made Elon Musk the world’s first trillionaire. The shares slid 0.6% to…
In August 1602, more than 1 100 investors – from wealthy merchants to ordinary craftsmen – subscribed to the world’s first initial public offering. The Dutch East India Company, the VOC, raised Gld6.4-million to build a maritime trade network stretching from Amsterdam to the East Indies. On 12 June 2026, SpaceX raised US$75-billion in the…
SpaceX investors have swung from celebration to apparent concern in its first month as a publicly traded company. When shares in the firm, co-founded and led by Elon Musk, first became available for individuals to buy on the public stock market on 12 June, there was an investor frenzy. Although the company had decided to…
China on Friday successfully tested an experimental rocket retrieval system using a net attached to a sea platform, state media reported, in the hope of breaking US dominance in reusable rockets. The Long March 10B rocket lifted off from the Hainan commercial space launch site in southern China at 6.15am SAST and, about six minutes…
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…
