An oversubscribed IPO and an opening day that saw the already healthy share price rocket by almost 30 per cent proves that the market remained hugely confident of Elon Musk’s business. SpaceX now has a value of some $2.1 trillion (€1.8tn). But rocket launches and Starlink broadband might not be enough to propel the business […]
The markets will soon know the precise results of the SpaceX Initial Public Offering (IPO). Multiple reports state that the offer has drawn in more than $250 billion (€216.3bn) of investor demand for shares, confirming that the event will be the largest-ever offering. According to Reuters, the IPO has been oversubscribed 3.3-fold. SpaceX is looking […]
Roth Capital Partners, a privately-held investment banking business, in a report on would-be satellite-to-cellular operator AST SpaceMobile, says it has roughly a two-year head start in the D2D market versus Starlink. Roth Capital analyst Scott Searle says that while SpaceX’s (SPCX) space and satellite operations offer attractive economics and “validation of various communications opportunities,” the […]
The SpaceX formal presentation linked to its upcoming Initial Public Offering (IPO) says that the once-upon-a-time average rocket launch costs of some $18,500 (€16,006) per kilogram. That cost, says SpaceX, has fallen to a much more appealing $2,700 per kilo thanks to SpaceX’s Falcon 9 rocket fleet. SpaceX says that the Falcon 9 ‘Heavy’ system […]
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 […]
Tom Mueller, the former SpaceX CTO and aerospace engineer (he was Employee #1) and responsible for the design of the SpaceX’s rocket engines, is now CEO of Impulse Space. He has a net worth of a reported $1.3 billion. Mueller wants to circle the planet with fleets of outer space taxis. He has been described […]
Professor Tim Farrar (of TMF Associates) has taken a deep dive into Starlink’s consumer business prospects ahead of the imminent SpaceX IPO . The report pulls together the first detailed breakdown of how Starlink’s customers are distributed around the world, based on weekly monitoring of active terminals, and projects how the reported subscriber base and […]
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 […]
Geostationary satellite operator Viasat of California, which also owns UK-based Inmarsat, says it is confident that it can play a role in connectivity with airlines and their passengers despite the fast-growing success of SpaceX within in-flight communications and broadband supply. Viasat is far from alone in geostationary satellite operators chasing airline connections. SES/Intelsat is also […]
The battle between SpaceX, with its very well-established portfolio of orbiting satellites and rival AST SpaceMobile is heating up. Both want to establish their cellular connectivity credentials before Amazon Leo’s satellites enter the competition. But while Starlink has only a very basic cellular connectivity solution (although it will improve over the next year or so), […]