American engineer and business executive; president and chief operating officer, SpaceX
SpaceX has floated on Nasdaq under the ticker SPCX, raising about $75 billion at $135 a share and debuting with a market value above $2 trillion. The newly public group combines SpaceX's rocket and Starlink businesses with xAI and X. Investors have driven strong demand despite losses and questions about unproven projects such as orbital data centres and Mars plans.
SpaceX has completed the largest IPO in history, raising $75 billion and listing on Nasdaq under ticker SPCX. Shares opened at $150, climbed as high as $176 and closed the first day around $160–166 in extended trading, briefly valuing the company above $2.1 trillion and making Elon Musk the world's first likely trillionaire.
The SpaceX IPO has launched, commanding a multi-trillion-dollar market cap and drawing investor attention to AI-focused stocks like Anthropic and OpenAI. Analysts warn about overvaluation and the risk of market concentration as new supply floods the tech sector.
Investors and analysts are weighing the possibility of a SpaceX–Tesla merger as both firms push ambitious AI and hardware programs. SpaceX’s IPO has underscored Elon Musk’s unique control of multiple unicorns, while observers debate whether a combined entity would unlock synergies or raise legal hurdles.
Rocket Lab has announced plans to acquire Iridium in an $8 billion deal, aiming to merge launch, manufacturing and a global satellite network to broaden its space-services footprint. The transaction values Iridium at $54 per share and signals ongoing consolidation in the satellite industry as SpaceX broadens its own services.
Tesla has reported record second-quarter deliveries of 480,126 vehicles, a 25% year-on-year rise that exceeded Wall Street estimates. Production ran at 451,758 units, leaving the company to draw down inventory. Strong European demand, higher fuel prices and expanded availability of its driver‑assist systems have powered the rebound.
SpaceX COO Gwynne Shotwell has donated a portion of SpaceX stock to the Trump Accounts for more than 2 million U.S. children, with emphasis on those in lower-income areas near central Texas. The move follows earlier pledges from Michael and Susan Dell and other tech giants, as the program seeds $1,000 per child and enables future retirement-style accounts. Officials say donations accelerate the accounts’ rollout.
Dell shares have surged after President Trump highlighted a $6.25 billion contribution from Michael and Susan Dell to the Trump Accounts program, a tax-advantaged education and wealth-building vehicle for children. The White House event featured executives from tech and finance, with bipartisan attention on the program’s potential to broaden access to capital and ownership.
Astronaut Anil Menon has completed an eight‑month stay aboard the International Space Station alongside Russian and NASA crewmates. The mission follows a history of tense US‑Russia space cooperation and signals ongoing collaboration on ISS operations amid geopolitical strains.
WestJet flight attendants have walked off the job over pay for duties performed while the plane is on the ground. CUPE 8125 says some ground work remains unpaid, while WestJet argues credit-hour compensation covers pre- and post-flight duties. A 72-hour strike notice has expired and negotiations continue, threatening further disruption for travellers over the long weekend.
SpaceX plans to roll out a dense network of small cellular stations using Starlink dishes, aiming to compete with AT&T, Verizon and T-Mobile. The program will leverage 65 MHz of EchoStar spectrum and is set to start end-2027, with satellites launching in 2027.