Space

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SpaceX used a $20 billion bridge loan to slash Musk’s debt costs in half, IPO filing reveals

Elon Musk’s strategy of folding his companies into one conglomerate is already paying off. Regulatory documents filed ahead of SpaceX’s historic IPO reveal that the company secured a $20 billion bridge loan from a group of major banks. That loan was used to retire $17.5 billion of high-interest junk debt accumulated by X and xAI. The financial […]

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SpaceX just filed for what could be the biggest IPO ever

Elon Musk’s final frontier is officially open for business now that SpaceX has formally filed its S-1 prospectus with the SEC. That kicks off what could be the largest initial public offering ever when it lists on the Nasdaq stock exchange with the ticker SPCX. According to the filing, SpaceX generated $18.67 billion in revenue […]

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SpaceX raises Starlink prices across every consumer plan and doubles the cost of Standby Mode

SpaceX has raised the price of every consumer Starlink plan in the United States, adding $5 to $10 per month across its residential and mobile tiers while doubling the cost of its budget Standby Mode from $5 to $10. The increases, which took effect immediately for new subscribers and will apply to existing customers from […]

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