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SpaceX plans to launch a direct-to-consumer Starlink mobile service in the United States, expanding beyond satellite broadband into the highly competitive wireless market.
Elon Musk reportedly lost more than $350 billion in a single day as SpaceX shares fell below their opening-day trading price.
SpaceX launched its first major bond offering after its record IPO, despite holding more than $100 billion in cash.
SpaceX shares dropped another 10%, extending their decline to a third consecutive session after a historic post-IPO rally.
Motley Fool analysts argue that SpaceX may be worth between $150 billion and $250 billion, far below its current market valuation of roughly $2.56 trillion.
SpaceX shares have fallen 23% from their recent peak but continue to trade above their IPO price.
SpaceX shares fell about 12% as investors took profits following the stock’s powerful post-IPO surge.
SpaceX agreed to acquire Anysphere, the developer of AI coding tool Cursor, in a $60 billion all-stock merger through subsidiary X67 Inc.
Elon Musk added $165 billion to his fortune in one day — more than Bill Gates’ entire estimated net worth.
SpaceX reached a $2.8 trillion valuation, surpassing Amazon and becoming one of the world’s most valuable companies.
SpaceX shares climbed above $200 for the first time, pushing the company’s valuation to approximately $2.5 trillion and making it one of the largest public companies in the world.
SpaceX added $412 billion in market value in a single day, lifting its capitalization to $2.5 trillion.
SpaceX shares gained 6% as investors reacted to projections of nearly $1 trillion in annual revenue by 2030.
Elon Musk said factories on the Moon and Mars would be needed to achieve quadrillionaire status in a future space economy.
Elon Musk became the first person in history to reach a net worth of $1 trillion after SpaceX’s public debut, further extending his lead as the world’s richest individual.