Musk closer to trillionaire status after SpaceX files for IPO
An anticipated stock market debut for Musk’s aerospace firm may be the largest ever.
An anticipated stock market debut for Musk’s aerospace firm may be the largest ever.
Elon Musk’s SpaceX acquired the billionaire’s artificial intelligence startup xAI, according to a Monday statement, consolidating two Musk-owned companies under one roof as xAI looks to build a space-based competitive edge against rivals like OpenAI, Google, Meta and more.
The billionaire’s X post about SpaceX going public comes a few days after reports of the rocket company’s recent private market offerings and 2026 IPO plans.
Musk is now half-way to becoming the first ever trillionaire.
Abel Avellan is taking on SpaceX and Jeff Bezos’ Project Kuiper in the battle to provide broadband satellite internet directly to your smartphone.
While DOGE dismay has hammered Tesla stock, SpaceX is still flying high with investors as the world’s most valuable private company. But economic realities and the physical limits of beaming internet connectivity from space could puncture the good vibes.
The two astronauts have been on at the International Space Station since last June after the ship they arrived in experienced helium leaks and thruster issues, requiring a new ship for the ride back to Earth.
SpaceX successfully caught the Super Heavy Booster, but then lost communication with the ship.
The Starship rocket will be launched for a sixth time Tuesday and its booster will attempt to re-land on its launch tower near Brownsville, Texas.
SpaceX President Gwynne Shotwell echoed CEO Elon Musk’s past criticisms of government regulation, calling for faster launch approvals as the company ramps up test flights for its Starship rocket.