SpaceX

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Rocket Lab is buying Iridium’s satellite network for $8 billion to take on SpaceX

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Rocket Lab, the space company best known for its small satellite launcher Electron, has announced plans to acquire Iridium Communications for $8 billion. The deal will combine Rocket Lab’s launch services and spacecraft manufacturing with Iridium’s satellite-based communications network, putting it in a better position to challenge SpaceX. Iridium offers communications services to over 2.5 […]

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SpaceX wants its own gas pipeline to fuel Starship

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Most rocket companies buy their fuel. SpaceX wants to pipe it in. Filings in Texas show the company plans to build its own natural gas pipeline, an unusual move for a space firm, and a telling one. SpaceX calls the line Starpipe. It would run eight miles, about 13km, to Starbase, SpaceX’s company town on […]

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FTC clears Musk to acquire SpaceX alumni startup Mesh, the optical hardware company his data centers need

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The Federal Trade Commission has cleared Elon Musk to acquire Mesh Optical Technologies, a startup founded by three former SpaceX engineers who build optical transceivers for AI data centers. The FTC granted early termination of its antitrust review on Wednesday, according to a pattern of Musk acquisitions that has accelerated since SpaceX went public this […]

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SpaceX wants to sell Starlink phone service directly to US consumers

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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

Digital Marketing, Investors and funding, Next Featured, SEO Tips, Space, SpaceX, Technology /

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

Artificial Intelligence, Digital Marketing, Investors and funding, SEO Tips, Space, SpaceX, Technology, United States /

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

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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

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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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