For two days, SpaceX was one of the five most valuable companies on Earth. On Thursday, the market began to reconsider. Shares in Elon Musk’s rocket-and-satellite company fell more than 6%, last trading down 6.5% at $178.50, as the frenzy that followed…
The former Sequoia Capital leader is filling an “existing vacancy” on SpaceX’s board, days after the company went public in the largest IPO ever.
The US Department of Justice has asked a federal court to throw out a Clean Air Act lawsuit against Elon Musk’s xAI, arguing that the company’s unpermitted gas turbines near Memphis are a matter of “national, economic, and energy security.”
The move pu…
The Justice department says the Pentagon needs xAI to keep using its unpermitted gas turbines.
SpaceX’s valuation has increased by $1 trillion since its shares started trading on Friday.
SpaceX has made it official. In a filing on Tuesday, Elon Musk’s newly public rocket company said it had signed a binding agreement to buy Anysphere, the startup behind the popular AI coding tool Cursor, in an all-stock deal that values the company at …
The deal is supposed to help SpaceX’s struggling AI division. The company told IPO investors it sees a $26 trillion addressable market in AI.
SpaceX is now worth more than Amazon, at least for as long as the rally holds. Shares of the rocket company rose more than 10% on Tuesday, extending a run that began at its market debut and putting it on course to become the world’s fifth most valuable…
SpaceX’s IPO underwriters maxed out their share purchases, adding to an already historic amount of money raised.
Two days after taking SpaceX public in the largest stock-market debut on record, Elon Musk said the company could be earning roughly $1tn a year by 2030, and probably more in 2031. He made the claim on X over the weekend, as Reuters reported, with the …