The blockbuster stock market debut of Elon Musk’s rocket company paves the way for a wave of enormous offerings that are coming from OpenAI and Anthropic.
Elon Musk’s rocket company said it would sell more than 555 million shares at $135 each in its blockbuster initial public offering, which is set to begin trading on Friday.
Two Times tech reporters and their editor talk about assessing the sky-high valuation of the rocket and satellite maker, the potential economic impact of its public debut and the role of the world’s richest man in it all.
Elon Musk’s rocket company is spending big and losing money. That has raised questions about whether it can justify its valuation for its blockbuster initial public offering.
Investors who bought the automaker’s shares in its initial public offering became rich. As a result, many have a deep faith in Elon Musk, the chief executive of Tesla and SpaceX.
NASA’s Artemis program has little room for error if it is to land astronauts on the moon by the end of 2028, but Blue Origin could be out of commission for at least a year.
Elon Musk’s rocket company, on the cusp of the largest initial public offering ever, will soon end up in index funds after rule changes by Nasdaq and other index providers.
Gwynne Shotwell, the president and chief operating officer, is the adult-in-the-room foil to Mr. Musk as SpaceX prepares for a blockbuster initial public offering.
Gwynne Shotwell, the president and chief operating officer, is the adult-in-the-room foil to Mr. Musk as SpaceX prepares for a blockbuster initial public offering.