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SpaceX’s Second Lockup Unlock Spurs Sell Rating by DZ Bank
markets4 days ago

SpaceX’s Second Lockup Unlock Spurs Sell Rating by DZ Bank

SpaceX’s second post-IPO lockup tranche took effect, freeing up up to 319 million restricted shares (about 7% of shares under the 180-day lockup), with SPCX slipping in premarket trading. DZ Bank initiated coverage on the same day with a Sell rating and a $100 fair value, citing valuation risk given the capital needs to fund SpaceX’s future ventures. Musk owns roughly 48% of SpaceX and cannot sell until June 12, 2027; the unlock follows an August 6 release of about 911.5 million shares and a 389 million-share increase from the Cursor acquisition, with the lockups unwinding across multiple dates rather than all at once.

via Yahoo Finance|
#lockup#markets#musk
Musk backs a Texas megafab: Terafab, a $119B chip campus near Houston
technology14 days ago

Musk backs a Texas megafab: Terafab, a $119B chip campus near Houston

Elon Musk and SpaceX/Tesla disclosed Terafab, a proposed 100-million-square-foot semiconductor megafactory in Grimes County, Texas, north of Houston, intended to centralize chip design, fabrication, packaging and testing to ease global supply bottlenecks. Phase one commitments total $16.8 billion with a binding floor of at least $5 billion and 1,800 jobs by 2030–2035; Intel has joined, though its exact contribution is unclear. The project carries a planned ceiling of up to $119 billion across multiple phases, with early production possible in 2027 and mass production targeted for 2028. The site will draw water from a nearby reservoir, and local reaction is divided amid incentives and land-use concerns.

via finance.yahoo.com|
#chip-manufacturing#musk#spacex
Ukraine Pushes for Starlink-Go-Ahead on Russia Strikes, Seeks Musk’s Backing
world24 days ago

Ukraine Pushes for Starlink-Go-Ahead on Russia Strikes, Seeks Musk’s Backing

Ukraine asked U.S. President Donald Trump to persuade Elon Musk to allow Starlink to guide Ukrainian drones for strikes deep inside Russia, arguing expanded access would target Russian missile launchers and reduce dependence on scarce Patriot interceptors. SpaceX currently restricts Starlink to Ukrainian territory, including Crimea, with no commitment from Trump. Kyiv floated Starshield as an alternative and is pursuing a long-term plan to build a national satellite constellation by 2027 to lessen reliance on foreign systems.

via kyivpost.com|
#musk#starlink#trump
SpaceX shares slip below IPO price as post-IPO slide deepens
business1 month ago

SpaceX shares slip below IPO price as post-IPO slide deepens

SpaceX stock closed at $131.11, below its $135 IPO price for the first time since the June debut, continuing a slide after an initial surge to near $193; the company raised $75 billion in the IPO and soon afterward issued $25 billion in debt, with short sellers close to $4 billion and market value down about $1.2 trillion from a mid-June peak, as investors await an earnings report and a Starship launch amid looming lockups that could spur more selling.

via NBC News|
#business#ipo#musk
politics1 month ago

The DOGE Experiment Fades: Trump’s Efficiency Drive Ends With Little to Show

Trump’s Department of Government Efficiency (DOGE), led by Elon Musk and briefly paired with Vivek Ramaswamy, promised sweeping cuts and smarter governance but delivered limited savings, caused widespread disruption, and has largely faded as an ongoing program with a sunset set for July 4, 2026; many veterans moved on and the effort’s legacy remains debated.

via Politico|
#doge#federal-government#government-efficiency
SpaceX braces for historic public debut, aiming for trillionaire-era bets
business2 months ago

SpaceX braces for historic public debut, aiming for trillionaire-era bets

SpaceX priced about 555 million shares at $135 each, valuing the company at roughly $1.8 trillion and raising about $75 billion in the largest IPO on record, with a potential to exceed $86 billion if the greenshoe is exercised. It will trade as SPCX on Nasdaq, positioning SpaceX as a leading public-market tech/AI giant and potentially making Elon Musk the first trillionaire, as investors weigh the company’s rapid growth against its ongoing losses ($18.7B revenue in 2025 with a $4.9B net loss) and ambitious, speculative plans like space-based data centers and Mars missions. Activists also protested the concentration of Musk’s wealth and power surrounding the IPO.

via Yahoo Finance|
#business#ipo#musk
SpaceX IPO Sparks Debate Over Musk-Fueled Valuation
business2 months ago

SpaceX IPO Sparks Debate Over Musk-Fueled Valuation

SpaceX’s highly anticipated IPO is a litmus test for investor appetite in a founder-led, vastly valued company, with Musk retaining roughly 80-85% of voting rights. While some analysts see meaningful upside (New Street Research hints at ~$165 per share and about $2.3 trillion enterprise value after the Cursor deal), skeptics warn the $1.75 trillion valuation is aggressive and hinges on long-term space opportunities and Musk’s leadership, even as Nasdaq eases mega-IPO rules and S&P 500 entry remains restricted.

via CNBC|
#business#governance#ipo
SpaceX targets a $1.77 trillion IPO for a historic Nasdaq debut
business2 months ago

SpaceX targets a $1.77 trillion IPO for a historic Nasdaq debut

SpaceX plans an IPO valuing the company at about $1.77 trillion, selling 555.6 million shares at $135 to raise roughly $75 billion and aiming for the largest stock market debut in history. If successful, SpaceX would rank as one of the top seven companies by market cap, with Musk maintaining a controlling stake and near-trillionaire status despite SpaceX’s lack of profitability (losses in 2025 and Q1 2026). The shares are set to trade on Nasdaq from June 12 under a dual-class structure that preserves voting power, a move analysts say reflects Musk’s deal control. The listing follows optimism about mega-IPOs this year and comparisons to Aramco’s 2019 debut, with investors pricing a potential $2.2 trillion end-of-day value.”,

via Al Jazeera|
#business#ipo#musk
SpaceX to price IPO at $135, aiming for $75B raise and a $1.75T valuation
business2 months ago

SpaceX to price IPO at $135, aiming for $75B raise and a $1.75T valuation

SpaceX plans a landmark all-primary IPO with a fixed price of $135 per share to raise about $75 billion, valuing the company at roughly $1.75 trillion and listing on Nasdaq under SPCX. The deal would involve selling about 555.6 million shares, with proceeds earmarked for expanding AI computing resources and SpaceX’s satellite network (including Starlink). The unconventional, take-it-or-leave-it pricing approach comes as Musk-led SpaceX looks to ride a wave of mega-IPOs and follow a recent xAI merger, with roadshows beginning soon and underwriters led by Goldman Sachs, Morgan Stanley, BofA, Citi, and J.P. Morgan.

via Yahoo Finance|
#business#ipo#musk
SpaceX-Tesla merger whispers spark mixed bets on timing
business3 months ago

SpaceX-Tesla merger whispers spark mixed bets on timing

Speculation about a SpaceX-Tesla merger is buoyant in some circles (Wedbush’s Dan Ives sees a tie-up by next year) but markets are split, with Kalshi traders pricing much lower odds. Timing has swung wildly as investors weigh Musk’s AI ambitions and projects like Terafab; no deal has been announced and any intercompany agreement would require approval.

via CNBC|
#ai#business#merger