SpaceX’s upcoming Initial Public Offering (IPO) is looking to raise $75 billion (€64.6bn) and to price the offering’s shares at $135 per share. A Reuters report states that SpaceX will issue 555.6 million new shares. At $75 billion, the IPO would more than double the $29.4 billion raised by Saudi Aramco back in 2019, then […]
Not for the first time there are again rumours – wholly unconfirmed – that once the SpaceX IPO is floated and wrapped up, that Elon Musk will merge SpaceX with Tesla. The SpaceX IPO will happen on June 12th. The latest report originated on CNBC and suggested: · There is already massive company operational overlap. · […]
As expected, SpaceX issued its 308-page S-1 Prospectus for its Initial Public Offering (IPO) after the markets closed on May 20th. There were some surprises, not least that its losses last year were $4.9 billion (€4.27bn) on revenues of $18.7 billion. The Prospectus shows that Elon Musk will not just remain the largest shareholder but […]
Industry rumours suggests that the long-awaited Initial Public Offering (IPO) from Elon Musk’s SpaceX will see a Prospectus published imminently, possibly as soon as May 20th. The news coincides with the new launch date for Musk’s giant Starship on May 20th and one day later than originally planned (and launch at 18.30pm Florida-time). This is […]
It seems that two factions within South Africa’s administration are at each other’s throats. Communications Minister Solly Malatsi’s outburst on April 24th that his patience with regulator ICASA has run out is a clear demonstration that all is not well with South Africa’s supervisors. The spat is understood to refer to the request from SpaceX […]
Elon Musk, despite being born and raised in South Africa, is still stymied in the country as far as his Starlink broadband service is concerned. SpaceX first applied for permission many years ago. Indeed, it was considered such a routine move that Starlink kit was being imported into the nation and some 5,000 users registered […]
It has been widely alleged that there’s a high degree of animosity between Elon Musk and Jeff Bezos. Their billionaire status guarantees headlines and their rockets and satellites ensure publicity for their endeavours. But the two are also slugging it out with the Federal Communications Commission (FCC). SpaceX and Amazon Leo have filed complaints against […]
Elon Musk recently announced that Starlink had obtained its operating licence in the Central African Republic (CAR). That was the good news, but there was also bad news from Namibia which declined Starlink’s application to start offering broadband services. The CAR news means that Starlink is now available in 27 out of 54 African countries. […]
Amazon Leo had formally complained to the FCC about SpaceX’s plans for 1 million satellites. The complaint did not go down well with FCC chairman Brendan Carr. Carr, in a comment posted on X, said: “I think Amazon should focus on getting Amazon’s house in order with their own launches and their own satellite constellation, […]
Starlink is connecting more than 10 million ‘active customers’ with high-speed internet across 160 countries, territories and many other markets. “Thank you to all our customers around the world,” said a message from the company’s president and COO Gwynne Shotwell. Starlink was also licensed to operate in Vietnam, it was announced on February 14th. Vietnam’s […]