A SpaceX-Tesla merger has moved from rumour toward roadmap. On the day SpaceX began trading, the people around Elon Musk stopped waving the idea away. SpaceX President Gwynne Shotwell did the floating. Asked about merger chatter by CNBC, she said a tie…
Founders Fund’s SpaceX bet has become one of the great venture trades. Peter Thiel’s firm put around $600m into the rocket company. At the IPO price, that stake is worth more than $50bn. That is roughly an 80-fold return. Few venture bets have ever pai…
Elon Musk is now worth more than $1 trillion. The SpaceX IPO, which priced 555.6 million shares at $135 each on 12 June, valued the company at roughly $1.77 trillion and pushed Musk past a threshold no individual has ever crossed. His SpaceX stake alon…
SpaceX begins trading on Nasdaq today under the ticker SPCX after raising $75 billion in the largest initial public offering ever completed. The previous record holder, Saudi Aramco’s 2019 listing, raised $29.4 billion, making SpaceX’s offering roughly…
Wits its official share pricing announcement, SpaceX’s IPO has begun.
After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud.
Elon Musk, on the verge of becoming the world’s first trillionaire, is whipping up anti-immigration tensions amid ongoing riots in Belfast, Northern Ireland. Following a knife attack in the city on Monday, Musk declared support for Restore Britain, a hard-right populist political party that advocates for large-scale migrant deportation in the UK. He reposted statements […]
The SpaceX IPO is set to price the biggest stock-market debut in history this week, raising about $75bn at a valuation near $1.75tn, with shares trading on Nasdaq from Friday. But the most consequential thing about Elon Musk’s rocket company going publ…
More than 4,000 current and former SpaceX employees are expected to become millionaires when the company begins trading on Nasdaq this week, according to an analysis by Hill.com. Of those, approximately 400 are projected to hold stakes worth $100 milli…