SpaceX

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SpaceX rings the bell on its Nasdaq debut, and Musk admits he gave it ‘less than a 10% chance’

SpaceX rang the Nasdaq opening bell on Friday, marking its Nasdaq debut as a public company with the largest IPO on record. It did so in typical fashion. Hours earlier, a Falcon 9 rocket had launched a batch of Starlink satellites into orbit. “What other company would do something like that on the day it […]

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SpaceX rings the bell on its Nasdaq debut, and Musk admits he gave it ‘less than a 10% chance’ Read More »

A SpaceX-Tesla merger was a fantasy. The IPO just made it look plausible.

A SpaceX-Tesla merger has moved from rumour toward roadmap. On the day SpaceX began trading, the people around Elon Musk stopped waving the idea away. SpaceX President Gwynne Shotwell did the floating. Asked about merger chatter by CNBC, she said a tie-up “might make Elon’s life a little easier.” She added that “there are synergies […]

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A SpaceX-Tesla merger was a fantasy. The IPO just made it look plausible. Read More »

Founders Fund put $600M into SpaceX. The IPO just turned it into $50bn.

Founders Fund’s SpaceX bet has become one of the great venture trades. Peter Thiel’s firm put around $600m into the rocket company. At the IPO price, that stake is worth more than $50bn. That is roughly an 80-fold return. Few venture bets have ever paid out on this scale. The figure comes from Bloomberg. Founders […]

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Founders Fund put $600M into SpaceX. The IPO just turned it into $50bn. Read More »

SpaceX IPO makes Elon Musk the world’s first trillionaire, but your retirement fund is picking up the tab

Elon Musk is now worth more than $1 trillion. The SpaceX IPO, which priced 555.6 million shares at $135 each on 12 June, valued the company at roughly $1.77 trillion and pushed Musk past a threshold no individual has ever crossed. His SpaceX stake alone is worth an estimated $866.5 billion, according to the updated IPO prospectus. […]

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SpaceX IPO makes Elon Musk the world’s first trillionaire, but your retirement fund is picking up the tab Read More »

SpaceX raised $75 billion in the largest IPO in history. Japanese retail investors got $2.2 billion of it.

SpaceX begins trading on Nasdaq today under the ticker SPCX after raising $75 billion in the largest initial public offering ever completed. The previous record holder, Saudi Aramco’s 2019 listing, raised $29.4 billion, making SpaceX’s offering roughly 2.5 times larger. A regulatory filing on Friday confirmed that Japanese investors accounted for $2.2 billion of the […]

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SpaceX raised $75 billion in the largest IPO in history. Japanese retail investors got $2.2 billion of it. Read More »

SpaceX’s IPO is expected to mint 4,000 new millionaires, from engineers to cafeteria workers

More than 4,000 current and former SpaceX employees are expected to become millionaires when the company begins trading on Nasdaq this week, according to an analysis by Hill.com. Of those, approximately 400 are projected to hold stakes worth $100 million or more. The wealth creation will not be limited to engineers and executives. SpaceX has […]

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SpaceX’s IPO is expected to mint 4,000 new millionaires, from engineers to cafeteria workers Read More »

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