Elon Musk has again stated that SpaceX will launch a retail cellular phone service using its Starlink broadband-by-satellite system. The move, as far as the US is concerned, could see Starlink’s potential move into retail cellular add another powerful competitor on top of the existing competition between AT&T, Verizon and T-Mobile. T-Mobile already has a […]
SpaceX has launched its first Starfall mission. The test flight will carry a new cargo return vehicle. The return vehicle is designed to bring materials back to Earth from orbit. Unlike SpaceX’s Cargo Dragon, which primarily returns cargo from the ISS, Starfall is being developed as a dedicated cargo return system that could provide a […]
Earlier this week, SpaceX announced a deal to acquire Anysphere, the company behind the AI coding tool Cursor, in a $60 billion all-stock transaction. The announcement arrives just days after SpaceX’s debut on the Nasdaq in the biggest initial public offering (IPO) ever, which lifted its market capitalisation beyond $2 trillion. The scale and timing […]
The trading in SpaceX shares are as buoyant as ever. On June 15th its shares finished the day at $192.50 (€165.82), up 19.6 per cent during the day. The shares were offered to investors on June 12th at $135 per share. More than $80 billion of shares have changed hands since then. The company’s valuation […]
The hype for the upcoming SpaceX Initial Public Offering (IPO) will come to a head on June 12th when SpaceX is scheduled to officially go public on the Nasdaq exchange under the ticker symbol ‘SPCX’. The fans, the Elon Musk faithful and certainly some major banks, are all backing the Musk factor and in some […]
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 […]