IPO, SpaceX
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Elon Musk, already the world’s richest man, could soon be much richer. Bloomberg reports he’s planning one of the largest initial public offerings in history for SpaceX.
Investors welcomed reports that SpaceX was mulling a potential IPO that would help fund Elon Musk's Mars ambitions and value the rocket and satellite company at more than $1 trillion, as some have been waiting for years to buy into the company.
Elon Musk has signaled plans to soon seek a public stock listing of SpaceX, confirming a report that links the strategic shift to a near-term need for more capital.
SpaceX's CEO also confirms that the company's rumored IPO is about generating funding to develop orbiting data centers using Starlink as a foundation.
20hon MSN
Jeff Bezos and Elon Musk Are Competing in New Race to Build AI Data Centers in Space: Report
Tech billionaires Jeff Bezos and Elon Musk are igniting another space-related rivalry between each other — this one involving AI data centers, according to a report.
The University of Austin, the city's newest higher education institution that's backed by several conservative billionaires, announced the lab in a social media post.
Charlie Puth is taking his complaints sky-high — literally. The pop star called out Elon Musk on X/Twitter over the deafening sonic booms shaking his Santa Barbara home, claiming one early-morning launch even rattled his pregnant wife, Brooke Sansone.
Investors eyeing SpaceX's potential blockbuster IPO may need to brace themselves as CEO Elon Musk balances his risky quest to reach Mars with growing the revenue-rich Starlink satellite broadband business that would offer more reliable shareholder returns.