Tag: elon musk

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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FILE PHOTO: A 3D-printed miniature model of Elon Musk and a SpaceX logo are seen in this illustration created on January 23, 2025. REUTERS/Dado Ruvic/File Photo (REUTERS)
Posted in Business

Wall Street’s undignified SpaceX mania

“THE ICK”, a term popularised by Gen-Z daters, refers to the loss of romantic interest after a trifling but embarrassing behaviour by a crush. Admirers…

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Vehicles drive past a SpaceX Falcon 9 rocket displayed outside a Space Exploration Technologies Corp. facility in Hawthorne, California. (AFP)
Posted in Business

SpaceX IPO fever sparks hunt for proxy plays in Asia

SpaceX’s $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk’s rocket company that…

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Elon Musk could become first trillionaire if SpaceX IPO succeeds (AP Photo/Matt Rourke, File) (AP Photo/Matt Rourke)
Posted in Business

Elon Musk could become first trillionaire if SpaceX IPO succeeds: Here’s how his net worth may cross $1 trillion

Elon Musk is already the world’s richest person, with an estimated net worth of about $273 billion, mainly from his holdings in Tesla stock and…

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SpaceX denied fast track to S&P 500 after IPO
Posted in Startups

SpaceX denied fast track to S&P 500 after IPO

SpaceX has been denied a fast track into the S&P 500 when the rocket and satellite company goes public, in a ruling that cuts off…

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Image for Goldman Sachs expects SpaceX AI revenue to surge 100-fold by 2030: Report
Posted in Startups

Goldman Sachs expects SpaceX AI revenue to surge 100-fold by 2030: Report

Synopsis Goldman Sachs expects SpaceX AI revenue to surge 100-fold by 2030, FT reports Goldman Sachs expects revenue from SpaceX‘s ‌AI ⁠division ⁠to surge to…

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