SpaceX lands Google AI compute deal
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SpaceX, IPO
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SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
Mega IPOs won't have a fast track into the S&P 500 like they will for the Nasdaq 100. The decision means SpaceX can't join the index until mid-2027.
SpaceX will sell its shares for $135 apiece during its IPO, yielding a valuation of $1.77 trillion.
June 5 (Reuters) - Morgan Stanley is projecting that SpaceX's revenue could reach $3.4 trillion in 2040, the Wall Street Journal reported on Friday, citing people familiar with the matter. The Wall Street giant is anticipating that revenue from SpaceX's AI business will dramatically grow in the coming years,
The Tema Space Innovators ETF has come out of nowhere to become the largest space-themed ETF in just two months, thanks to a 10% weighting in SpaceX and outperformance versus peers.
Many current and former staffers have stakes valued at millions of dollars and will be able to tap them more easily after the rocket maker goes public.
The largest index in the world won't relax its rules to let SpaceX enter early.
Four Rocket Lab insiders sold roughly $18 million worth of stock after the company’s shares surged amid excitement surrounding SpaceX’s planned IPO.