After SpaceX's (NASDAQ: SPCX) IPO, Elon Musk's net worth rose to $1.27 billion, making him the first trillionaire in world history (at least as far as most people know, based on inflation-adjusted dollars).
The market has spent years viewing SpaceX (NASDAQ:SPCX) primarily as a rocket company, but that narrative no longer fits.
SpaceX (NASDAQ:SPCX) has reached an agreement to acquire Anysphere, the developer of the artificial intelligence coding assistant Cursor, in a stock-for-stock deal that values the company at $60 billion. The transaction will see SpaceX (NASDAQ:SPCX) subsidiary X67 Inc merge with Anysphere, after which Cursor will operate as a wholly owned subsidiary of SpaceX.
Space Exploration Technologies Corp. (NASDAQ: SPCX), better known as SpaceX, has announced its first acquisition as a public company.
SpaceX (SPCX) IPO raised $75B at a $1.75T valuation, now repriced to ~$2.1T, marking an unprecedented market event. SPCX is now a conglomerate: launch, broadband (Starlink), and a high-burn AI segment, with AI prioritized in capital allocation. Starlink and SpaceX's launch businesses are highly profitable and defensible, but AI investments are diluting the pure space/broadband moat.
Dimerix Ltd (ASX:DXB, OTC:SBMJF) has entered into an exclusive licence agreement with Everest Medicines for the commercialisation of its Phase 3 drug...
Jim Cramer has praised Space Exploration Technologies Corp. (NASDAQ: SPCX), popularly known as SpaceX, after it surpassed the $200 mark for the first time since its mega initial public offering (IPO)
Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) (ASX: COB, OTC: CBBHF) and Glomar Minerals LLC have advanced plans for Project Infinity, a proposed...
Just two regular sessions after its initial public offering (IPO), SpaceX (NASDAQ: SPCX) stock has already rallied 42.59% to $192.50, while including the Tuesday pre-market pushes the gains to 56.83% at $211.72. Still, one prominent analyst and broker believes Elon Musk's newer public company is bound to more than double its value.
SpaceX (NASDAQ:SPCX) shares rose 17% to $187.70 on Monday, the first full day of trading following the company's record-breaking initial public offering on Friday, when the stock closed at $161.11, pushing its market capitalization above US$2.2 trillion and placing it among the six largest companies in the world. The gain puts SpaceX (NASDAQ:SPCX) roughly US$400 billion shy of overtaking its nearest rival, which carries a market cap of nearly US$2.7 trillion.
Shares of SpaceX (NASDAQ:SPCX) are up 15% in Monday afternoon trading, climbing to about $185 as buyers extend the post-IPO surge that began last Friday.
Ten leveraged SpaceX ETFs launched this week alongside the public debut of Space Exploration Technologies Corporation (SPCX), which began trading on the Nasdaq, giving traders an immediate lineup of tools to bet for or against the stock. Key Takeaways: Ten leveraged SpaceX ETFs launched alongside SPCX's Nasdaq debut.