Tag: elon musk

FILE PHOTO: A live feed shows SpaceX CEO Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. (REUTERS)
Posted in Business

Investors are having doubts about Elon Musk’s grandiose ambitions

ON AUGUST 5TH SpaceX may have at last achieved Elon Musk’s goal of reaching the Moon—by accident. The upper stage of a Falcon 9 rocket,…

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SpaceX stock faces a key year ahead as revenue, Starlink and AI growth rise. (Photo by Patrick T. Fallon / AFP) (AFP)
Posted in Business

SpaceX revenue jumps 92%: Where will SpaceX stock be in 1 year?

SpaceX has reported a strong second quarter, but investors were not fully convinced by the results. The company, formally known as Space Exploration Technologies, reported…

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SpaceX's first earnings report will face questions on AI spending, Starlink growth, computing plans, stock pressure and its ties to Tesla.  (REUTERS/Dado Ruvic/Illustration/File Photo) (REUTERS)
Posted in Business

SpaceX earnings: Big questions investors want Elon Musk to answer on AI, Starlink, stock and Tesla

Elon Musk’s SpaceX is preparing to release its first earnings report as a publicly traded company. The report is expected after the market closes today….

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SpaceX investors ask about Starship, AI, Starlink and a pink rocket as Elon Musk prepares for the company’s first earnings call as a public company. (Pexel/Representative image) (Pexel)
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Why are SpaceX investors asking Elon Musk to paint Starship pink?

SpaceX is preparing for its first earnings call as a public company, with the call expected to take place on Tuesday, August 4. Investors would…

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Elon Musk's net worth fell nearly 40% in a month as SpaceX and Tesla slid, while The Boring Company seeks to raise $4 billion at a $20 billion valuation. (REUTERS/Manuel Orbegozo/File Photo) (REUTERS)
Posted in Business

Elon Musk’s net worth drops nearly 40% in a month as The Boring Company seeks $4 billion funding

Elon Musk’s net worth has dropped sharply over the past month, falling from around $1.32 trillion to about $832 billion, a decline of nearly 37%…

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FILE PHOTO: Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci/File Photo (REUTERS)
Posted in Business

Elon Musk’s vision of the future

ELON MUSK, in his telling, is a modern-day Cassandra—better than most at predicting the future, but doomed to be disbelieved. “People don’t realise that what…

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Shanghai Xingshu launches first constellation of its space-based computing project
Posted in Startups

Shanghai Xingshu launches first constellation of its space-based computing project

Shanghai Xingshu Tiansuan Space Technology Co. on Saturday said it had launched the first constellation of a space-computing project that in total aims to ‌deploy…

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SpaceX set to surge past $2 trillion valuation in blockbuster Nasdaq debut
Posted in Startups

SpaceX set to surge past $2 trillion valuation in blockbuster Nasdaq debut

SpaceX was on course to blow past $2 trillion in market valuation in its Nasdaq debut on Friday, reflecting the frenzy for the Elon Musk-led…

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At $135, SpaceX’s $1.77 trillion valuation — about $1.8 trillion on a fully diluted basis — ranks it among the 10 most valuable public companies in the world. (REUTERS)
Posted in Business

2.5 times more than Saudi’s Aramco: How big is SpaceX’s $75 billion IPO?

SpaceX priced the largest initial public offering in history on Thursday, selling 555.6 million shares at $135 each to raise $75 billion and valuing Elon…

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Elon Musk's SpaceX is seeking $75 billion in fresh funding as it prepares for what could become the largest IPO in history. (AFP)
Posted in Business

Will SpaceX’s IPO fund life on Mars, and a trillionaire?

SpaceX is launching history’s biggest public listing, propelling Elon Musk‘s wealth into the stratosphere. DW explores whether the firm’s out-of-this-world ambitions are truly cosmic or…

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