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Los Angeles added 11,000 space industry jobs and thousands of new millionaires as the region strengthens its position as the world’s leading aerospace hub.
SpaceX shares gained 6% as investors reacted to projections of nearly $1 trillion in annual revenue by 2030.
Elon Musk becomes the first person ever to amass a net worth exceeding $850 billion.
SpaceX could reach a $1.4 trillion valuation after an IPO, nearly doubling its current private market estimate.
SpaceX has informed investors it aims for a late-2026 IPO, as new funding discussions could lift its valuation toward $800 billion.
Sam Altman is exploring a multi-billion-dollar deal with Stoke Space as he pursues a long-term plan to build a competitor to SpaceX.
Blue Origin launches its New Glenn rocket on a Mars mission and lands the booster for the first time.