Texas city at the Gulf Coast, port and border hub
SpaceX has filed to sell 555.6 million shares at $135 each, aiming to raise about $75 billion and value the company near $1.75–1.77 trillion. Elon Musk will retain roughly 82% voting control. The company has allocated unusually large tranches to retail buyers, employees and direct-share participants, and disclosed AI compute deals that affect revenue assumptions.
DACA recipient Jessica Treviño has had her status terminated after an immigration violation, prompting a federal lawsuit seeking her return and restoration of DACA. The case is part of a broader pattern of DACA enforcement actions that have affected families near the border.
The Jones Act waiver has been narrowed and extended for 90 days, with case-by-case reviews for voyages. The extension aims to keep fuel moving amid Iran-related disruptions, as prices remain volatile and the Strait of Hormuz remains contested.
Insurers are eyeing orbital computing as SpaceX, Blue Origin, Google and startups plan fleets of satellites and in-space data centers. Experts say pricing risks will be crucial as hundreds of billions of dollars in hardware move into space, while regulatory and technical hurdles remain.