NEW YORK — Elon Musk announced plans Wednesday for one of the biggest sales of stock to the public ever for a space company currently losing billions of dollars year. Documents filed on Wednesday show Musk’s SpaceX lost $2.6 billion from operations last year on $18.7 billion in revenue, and the losses kept piling up … Read more
SpaceX filed for an initial public offering on Wednesday, as the Elon Musk-owned rocket manufacturer moves to raise more capital for its space, AI and satellite ventures. The move comes after SpaceX filed a confidential IPO with the Securities and Exchange Commission last month. SpaceX did not disclose how much money it is seeking to … Read more
SpaceX confirmed plans to sell shares of its stock to the public for the first time, according to a securities filing Wednesday outlining the company’s fundamentals. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The initial public offering (IPO) could make CEO Elon Musk the world’s first trillionaire, … Read more
SpaceX plans to launch an updated version of its Starship megarocket — a new prototype of the system that NASA hopes will carry its astronauts to the moon in two years — on a critical test flight Tuesday. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The stakes … Read more
SpaceX launched an unpiloted Dragon cargo ship Friday loaded with 6,500 pounds of supplies and equipment bound for the International Space Station, including nearly a ton of research gear, samples and other material for some 50 different science investigations. Running three days late because of bad weather, the Dragon’s Falcon 9 booster roared to life … Read more
LOS ANGELES — California regulators apologized to SpaceX CEO Elon Musk this week as they settled a lawsuit that claimed a state agency showed political bias against the rocket company and its chief executive. As part of the settlement, the California Coastal Commission acknowledged its members made “improper” statements about Musk’s political beliefs at a … Read more
A triple-core SpaceX Falcon Heavy, the company’s most powerful operational rocket, blasted off from Florida Wednesday, boosting a ViaSat internet satellite into space, the company’s third in a globe-spanning fleet of high-speed broadband relay stations. Along with putting the ViaSat-3 satellite into its planned preliminary orbit, the rocket’s two side boosters, heralded by competing sonic … Read more
Billionaire Elon Musk’s SpaceX has confidentially filed for an initial public offering in what could be the largest stock market debut ever, according to Bloomberg and the Wall Street Journal. The space exploration company submitted a draft IPO filing to the Securities and Exchange Commission that puts it on track for a June listing, the news outlets reported, … Read more
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