SpaceX

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SpaceX wants to sell Starlink phone service directly to US consumers

Every satellite company eventually looks down at the much larger market on the ground, and SpaceX appears ready to make the move. The company has told investors it plans to launch a Starlink mobile service for US consumers, the Financial Times reported on 26 June, citing people familiar with the matter. If it happens, it […]

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SpaceX draws $89 billion in demand for its debut bond sale, one of the largest US offerings this year

SpaceX has drawn roughly $89 billion in investor demand for its debut US bond sale, Bloomberg reported on Tuesday, setting the stage for one of the largest investment-grade offerings this year. The company is seeking to raise between $20 billion and $25 billion from a five-tranche deal expected to price on Tuesday. At the lower […]

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SpaceX taps the bond market for the first time to fund AI

Fresh from a record IPO that helped make Elon Musk a trillionaire, SpaceX is raising at least $20bn in its debut bond sale to bankroll a vast AI build-out. SpaceX is about to do something none of Elon Musk’s companies has done before. It is borrowing money from public bond investors. On Monday the rocket […]

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SpaceX shares slide again as the post-IPO rally keeps unwinding

SpaceX shares looked poised to fall again as US markets reopened after the long weekend, extending a slide that has already erased much of the euphoria from the largest stock-market debut in history. The stock closed last week around $185, down roughly 18 per cent from the $225.64 it touched on 16 June, four days […]

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SpaceX falls more than 6% as the record IPO rally cools

For two days, SpaceX was one of the five most valuable companies on Earth. On Thursday, the market began to reconsider. Shares in Elon Musk’s rocket-and-satellite company fell more than 6%, last trading down 6.5% at $178.50, as the frenzy that followed the largest initial public offering in history started to cool. The drop was […]

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