Tag: Elon Musk

SpaceX’s capex for its AI business reached 7.7 billion dollars in just the first quarter of 2026 a major acceleration from 12.7 billion for all of 2025.

Goldman Sachs led a 21-bank syndicate that allocated nearly a third of the SpaceX IPO to retail investors via major brokerage platforms.

SpaceX’s opening day pushed its market capitalization past the 2 trillion dollar mark making it one of the most valuable companies in the world.

SpaceX began trading on Nasdaq under the ticker SPCX in a moment celebrated by employees with a bell-ringing ceremony at Times Square.

The 75 billion dollar SpaceX raise surpassed Saudi Aramco’s 29 billion dollar IPO to set a new all-time global record.

The xAI segment which includes X recorded a widening operating loss in 2025 but also showed significant revenue growth of 22%.

SpaceX went public on June 12 with stock opening at 150 dollars per share and climbing 20% making it the largest IPO in recorded history.

SpaceX’s IPO combined with Tesla holdings lifted Musk’s personal wealth to over 1.2 trillion dollars making him the first trillionaire.

SpaceX shares opened at 150 and briefly surged to 176 dollars before settling around 161 at the close of regular trading.

Anthropic submitted its draft registration statement to the SEC at a valuation approaching one trillion dollars ahead of its planned IPO.