SpaceX
Facts
- HQ
- United States
- Sectors
- Aerospace, Space Technology, Data Center / Infrastructure
- Founded
- 2002
- Employees
- 10000
- Stage
- Private
Gina Rinehart’s Hancock Prospecting Invests US$1B in SpaceX IPO Valued at A$3 Trillion, Boosting Elon Musk to Trillionaire Status
Mining billionaire Gina Rinehart's Hancock Prospecting invested US$1 billion in Elon Musk's SpaceX during its Nasdaq IPO, which raised a record US$75 billion and valued the company at A$3 trillion. SpaceX shares surged 19% on debut, making Musk the world's first paper trillionaire.
Technical.ly Connects Tech Communities with News and Resources Across Multiple U.S. Regions
Technical.ly is a news platform that fosters local technology communities by connecting organizations and individuals through news, events, and services, featuring articles on workforce development, tech infrastructure funding, and industry updates across regions like Pittsburgh, Maryland, Delaware, and Philadelphia.
SpaceX Raises $75 Billion in Record IPO, Valued at $1.77 Trillion as Trading Begins
SpaceX launched a record $75 billion IPO valuing the company at $1.77 trillion, making it one of the most valuable public companies. Investors now face a critical test as trading begins, weighing SpaceX's growth prospects in aerospace and satellite internet against high expectations.
NASA Details Revised Artemis Lander Plans: SpaceX to Use Starship for Lunar Landing and TLI, Blue Origin Developing Blue Moon Mark 2
NASA announced updated plans for the Artemis lunar landers, revealing that SpaceX will use Starship for both lunar landing and translunar injection while Blue Origin is developing a Blue Moon Mark 2 prototype. The Artemis 3 mission will test these landers by docking them with the Orion spacecraft in low Earth orbit, with Artemis 4 planned as the first crewed lunar landing in 2028.
GeekWire's Cook and Fitzgerald Report on Cleveland’s Economic Comeback and Seattle’s Data Center Moratorium
GeekWire's John Cook and Charles Fitzgerald visited Cleveland to report on its economic comeback, noting its coordinated leadership contrasts with Seattle’s complacency. They also discussed Seattle’s new one-year data center moratorium and reasons for sitting out the SpaceX IPO.
Starlink and U.S. State Department Sign Two-Year MOU to Restore Communications in Disaster Zones Globally
Elon Musk's Starlink and the U.S. State Department signed a two-year memorandum to use Starlink's low-Earth orbit satellites for restoring communications after global natural disasters, enhancing humanitarian response efforts. This partnership builds on Starlink's Crisis Response initiative, which has supported relief operations in multiple countries and within the U.S.
SpaceX Raises $75 Billion in Record-Setting June 12 IPO, Shares Close 19.2% Higher at $160.95
SpaceX conducted the largest IPO in history on June 12, selling 555.6 million shares at $135 each and raising $75 billion. Shares closed at $160.95, up 19.2%, valuing the company at approximately $2.1 trillion.
SpaceX Shares Jump 25% in IPO, Valuing Company at $2.21 Trillion and Making Elon Musk the First Trillionaire
SpaceX shares surged 25% in its Wall Street debut, valuing the company at $2.21 trillion and pushing Elon Musk's net worth to an estimated $1.1 trillion, making him the first trillionaire. Musk plans to use the funds to advance SpaceX's ambitions of space colonization, including missions to the Moon and Mars.
Boris Johnson Highlights SpaceX's Historic Flotation and Elon Musk's Ambitious $28 Trillion Market Vision
Boris Johnson reflects on SpaceX's historic stock-market flotation, highlighting its unprecedented scale and the vast financial gamble placed on Elon Musk's visionary yet undefined goals. Despite staggering financial numbers and Musk becoming the world's first paper trillionaire, the true impact of SpaceX on humanity remains uncertain.
AI Expert Oren Etzioni Warns SpaceX's $1.75 Trillion IPO Valuation Differs Vastly from Tesla's, Challenging Musk Investment Logic
Oren Etzioni critiques SpaceX's IPO, arguing its $1.75 trillion valuation prices in three unproven bets unlike Tesla's smaller IPO, making the Tesla investment playbook inapplicable. He highlights that while SpaceX is a great company, its valuation and risk profile differ vastly, cautioning investors against applying the same strategies used for Tesla's growth.
Chris Kemp and Adam London Take Astra Private at Under 1% Peak Valuation, Shift Focus to AI and Rocket 4 Launch
Astra was taken private in 2024 by Chris Kemp and Adam London at under 1% of its peak valuation following Rocket 3 failures and investor losses. The company, now focused on AI-driven operations and spacecraft electric thrusters, generated nearly $50 million in 2025 revenue and plans a Rocket 4 launch by year-end.
Astra Goes Private in 2024 After Valuation Collapse, Prepares Rocket 4 Launch Using AI-Driven Operations
Astra went private in 2024 after a significant valuation drop and now focuses on producing spacecraft thrusters and developing Rocket 4, targeting a launch by year-end. The company is innovating by eliminating purchased software and leveraging AI tools to run operations.
SpaceX IPO on June 12 Opens Above $135 IPO Price, Valued Up to $3 Trillion, Becoming Fourth Largest Global Company
SpaceX's IPO on June 12 valued the company at $1.77 trillion with shares opening above IPO price, briefly pushing its valuation near $3 trillion and ranking it 4th globally. Despite some recent share price slip, experts remain divided on its future performance after a heavily oversubscribed offering.
HyImpulse Signs Letter of Intent to Explore Launch Operations at Oman's Etlaq Spaceport
German launch provider HyImpulse and Oman's Etlaq Spaceport have signed a letter of intent to explore future launch operations in Oman, including mission planning and safety assessments. This marks HyImpulse's effort to expand its launch operations beyond Europe into the Middle East.
Bezos-Backed AI Startup Prometheus Raises $12B at $41B Valuation to Revolutionize Design and Manufacturing
Prometheus, the AI startup co-led by Jeff Bezos and Vik Bajaj, raised $12 billion in Series B funding at a $41 billion valuation, aiming to build AI tools that accelerate design and manufacturing processes for complex physical objects. The CEOs discussed the company's capital-intensive operations and strategic goals in their first joint public interview.
Open Cosmos Seeks ITU Extension to Deploy 144 Satellites for European Broadband after PSLV Launch Delays
British small satellite company Open Cosmos is requesting an extension from the ITU to deploy 144 satellites for its European broadband constellation after launch delays caused by the grounding of the PSLV launcher. The constellation faces two key ITU deadlines in June and September 2024 for deploying half of its 576-satellite network to maintain priority spectrum rights.
SpaceX to Offer Up to 30% of Its IPO Shares to Retail Investors via Major Brokerages
SpaceX plans to allocate up to 30% of its IPO shares to retail investors through platforms like Charles Schwab and Fidelity, significantly higher than typical IPO allocations. Investors should be cautious of potential price volatility and brokerage restrictions on quickly reselling IPO shares.
LeoLabs Deploys Mobile Scout-S Radar in Indo-Pacific to Track Chinese Satellites and Spaceplane
LeoLabs has deployed a mobile space-tracking radar system called Scout-S in the Indo-Pacific to monitor maneuvering spacecraft, including Chinese surveillance satellites and a reusable spaceplane. The system, housed in a standard shipping container, can be rapidly deployed to provide focused military space awareness beyond fixed radar networks.
Arkadia Space to Provide Green Propellant Thrusters for Reflex Aerospace Satellite Launching in 2027
Arkadia Space, a Spanish spacecraft propulsion startup, will supply 5-newton green propellant thrusters for a Reflex Aerospace satellite launching no earlier than Q2 2027 on a SpaceX rideshare. Reflex Aerospace praised Arkadia's modular, flight-proven technology and ITAR-free supply chain, supporting their 200-kilogram spacecraft's orbital maneuvers and deorbiting.
Southaven Residents File Class Action Against xAI and SpaceX Over Noise from $20 Billion Colossus 2 AI Data Center
A class action lawsuit was filed on June 9 by Southaven, Mississippi residents against xAI, SpaceX, and MZX Tech over constant noise pollution and lost property values caused by gas turbines powering the Colossus 2 AI data center. The lawsuit challenges the economics of large-scale AI infrastructure by seeking damages and represents over 10,000 affected residents.
Justin Ernest Invests $500 Million in Top Private Companies Using SPVs, Shifting Venture Capital Dynamics
Justin Ernest has deployed nearly $500 million into hard-to-access private companies like Anthropic and SpaceX using special purpose vehicles instead of traditional venture funds, reflecting a shift in startup investing power. This SPV model simplifies investor participation and appeals to founders by avoiding the complexities and governance issues of traditional venture crowdfunding.
Elon Musk’s SpaceX Targets $2.5 Trillion IPO Valuation Amid $75 Billion Fundraising and $41 Billion Losses
Elon Musk's SpaceX plans a $2.5 trillion IPO with a $75 billion capital raise despite $15 billion net debt and $41 billion accumulated losses since 2002. Australian investors are preparing to invest heavily, though the valuation and corporate governance face significant criticism.
OpenAI Files Confidential SEC Documents for Potential IPO as AI Competition Intensifies
OpenAI has filed confidential paperwork with the SEC to potentially become a publicly traded company amid competition from rivals Anthropic and SpaceX. CEO Sam Altman noted that while the IPO timing is undecided, this move provides flexibility for future growth.
OpenAI, Anthropic, and SpaceX Prepare Mega-IPOs, SpaceX Plans $75B Raise, Testing AI Boom Enthusiasm on Wall Street
OpenAI, Anthropic, and SpaceX are preparing mega-IPOs, with SpaceX seeking about $75 billion, potentially surpassing past records and testing Wall Street’s appetite for the AI boom. These public offerings could create thousands of millionaires and mark a pivotal moment for the AI industry and economy.
NASA Awards Nearly $1 Billion to Astrolab, Lunar Outpost, and Firefly for 2028 Moon Base Missions
NASA announced a $1 billion contract award to Astrolab, Lunar Outpost, and Firefly Aerospace for lunar rover development and scouting missions using Blue Moon landers and MoonFall spacecraft, as part of its $30 billion, decade-long plan to build a moon base by 2028. These developments marked a crucial step toward establishing a sustainable presence on the moon’s south pole with commercial partners.
