CEO says market doesn't reflect value of Pentagon-backed business

The post L3Harris delays missile business IPO to 2027 despite surging defense demand appeared first on SpaceNews.

The stock has steadily fallen from the euphoric post-IPO high, showing that markets may be sobering up to the promises CEO Elon Musk made before and after SpaceX went public.

A businessman with ties to Chinese military contractors was among the overseas investors who acquired stakes in SpaceX while it was still a private company. An entity linked to the Qatari royal family also took a stake.

The new details come from a private investor list obtained by ProPublica that sheds light on a particularly delicate issue for Elon Musk’s rocket company: which people in countries like China bought into the company, and how. SpaceX built its business off sensitive US government work like making spy satellites for the Pentagon. While there is no ban on Chinese investment in US military contractors, such investment is heavily regulated.

In a sign of its sensitivity to the concerns, SpaceX barred investors from China and Hong Kong from buying shares in its initial public offering last week due to “regulatory and compliance risks,” Bloomberg reported. The US government alleges that China has a strategy of using investments in sensitive industries for espionage and to get access to cutting-edge technology.

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A businessman with ties to Chinese military contractors was among the overseas investors who acquired stakes in SpaceX while it was still a private company. An entity linked to the Qatari royal family also took a stake.

The new details come from a private investor list obtained by ProPublica that sheds light on a particularly delicate issue for Elon Musk’s rocket company: which people in countries like China bought into the company, and how. SpaceX built its business off sensitive US government work like making spy satellites for the Pentagon. While there is no ban on Chinese investment in US military contractors, such investment is heavily regulated.

In a sign of its sensitivity to the concerns, SpaceX barred investors from China and Hong Kong from buying shares in its initial public offering last week due to “regulatory and compliance risks,” Bloomberg reported. The US government alleges that China has a strategy of using investments in sensitive industries for espionage and to get access to cutting-edge technology.

Read full article

Comments

© Spencer Platt/Getty Images

Tokenmaxxing was the hottest trend in Silicon Valley earlier this year, with CEOs encouraging employees to push AI usage as far as it would go. Then the bill came due. Uber reportedly blew through its annual AI budget in a few months, some companies cut Claude licenses for parts of their org, and Meta killed its internal leaderboard.  This tension between […]

A SpaceX confirmou a aquisição da Anysphere, criadora do popular editor de código com IA Cursor, num negócio realizado totalmente em ações. É a concretização de uma opção firmada em abril e que chega quando as ações da empresa dispararam mais de 48% desde o preço de entrada em bolsa.

The post SpaceX compra a Cursor por 60 mil milhões de dólares depois de ultrapassar o valor da Amazon em bolsa appeared first on Tek Notícias.

SpaceX's valuation has increased by $1 trillion since its shares started trading on Friday.

SpaceX's IPO underwriters maxed out their share purchases, adding to an already historic amount of money raised.

The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […]

The SpaceX IPO has boosted Musk's paper wealth to more than $1,000,000,000,000 at a time when he is more hated -- and powerful -- than ever.

The company made its heavily anticipated debut on Friday, trading higher than its initial $135 IPO price.

TechCrunch has followed SpaceX's start, struggles, and successes from the early days. And we're here for what happens next too. This package of SpaceX IPO coverage includes who stands to win (and maybe some who won't), pre-IPO deals, and what's tucked inside its S-1 registration document.

A empresa espacial de Elon Musk fixou o preço a 135 dólares por ação, numa avaliação de 1,77 biliões de dólares que "pulveriza" todos os recordes anteriores. As ações da SPCX estreiam-se hoje às 14:30 (hora de Portugal continental) no Nasdaq.

The post SpaceX estreia-se hoje na bolsa com o maior IPO da história. Elon Musk pode tornar-se no primeiro trilionário do mundo appeared first on Tek Notícias.

Wits its official share pricing announcement, SpaceX's IPO has begun.

After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud.

Problems with Starlink's India expansion could challenge SpaceX's IPO growth story.

Most of the value in SpaceX's IPO is effectively a call option on the company's ambitious space data center plans.

Numa semana histórica para o setor da inteligência artificial, a OpenAI submeteu o seu prospeto confidencial à SEC dias depois da Anthropic ter feito o mesmo. A SpaceX prepara-se para começar a negociar na bolsa ainda esta semana. E a Perplexity, imperturbável, mantém o seu plano para 2028.

The post OpenAI entrega documentação oficial e junta-se à Anthropic na corrida à bolsa. Perplexity mantém os planos para 2028 appeared first on Tek Notícias.

Em apenas três anos, o ChatGPT ultrapassou marcos que levaram décadas a construir ao TikTok, Instagram e YouTube. Os dados são da Sensor Tower e chegam numa semana em que tanto a OpenAI como a Anthropic preparam as suas entradas em bolsa.

The post ChatGPT torna-se a aplicação mais rápida de sempre a atingir os mil milhões de utilizadores mensais appeared first on Tek Notícias.

Os planos da empresa de Elon Musk, incluindo o valor que pretende angariar, ainda podem mudar à medida que decorrem as reuniões com investidores. Espera-se que a entrada em bolsa da SpaceX, prevista para 12 de junho, dê início a uma nova onda de mega-IPOs.

The post SpaceX quer entrar em bolsa com ações a 135 dólares e levantar 75 mil milhões appeared first on Tek Notícias.