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.

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

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.

Elon Musk, on the verge of becoming the world's first trillionaire, is whipping up anti-immigration tensions amid ongoing riots in Belfast, Northern Ireland. Following a knife attack in the city on Monday, Musk declared support for Restore Britain, a hard-right populist political party that advocates for large-scale migrant deportation in the UK. He reposted statements from party leader Rupert Lowe calling for "a vast number of people" to be forced out of the country, as well as a promise from Lowe to "prosecute officials and politicians who knowingly placed dangerous third world savages in our communities." "This is the way," Musk added to …

Read the full story at The Verge.

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.

Antonio Gracias, an investor who has built a $65 billion stake in the company, exemplifies the economic upside of being Mr. Musk’s ally.

While Elon Musk may soon become a trillionaire, his rocket company’s market debut is set to change the lives of its current and former employees, too.

Wall Street is giving its richest clients velvet rope access to this week’s public listing of SpaceX, reflecting the growing importance of the wealth management business.

Brendan Carr, the chairman of the Federal Communications Commission, has greenlighted regulatory requests for the company’s Starlink satellite internet service and lavished praise on its chief executive.

Elon Musk’s rocket company said Google would pay it $920 million a month, as it prepared for its initial public offering.

Tesla has pushed the planned public demo of its next-generation Roadster to August or later, according to a report from The Information citing four people with knowledge of the program. It marks yet another delay for the vehicle first unveiled as a prototype nearly nine years ago.

The demo, expected to take place in Texas, is meant to showcase the SpaceX cold gas thruster system that Tesla claims will allow the Roadster to achieve extreme acceleration and even lift off the ground.

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.

Few are as delighted by the pending market debut as the vibrant community of space enthusiasts who want to push discovery of the final frontier.

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.

The $135 share price means Elon Musk’s rocket maker is poised to exceed the 2019 initial public offering of Saudi Aramco in both valuation and money raised.

A major Reuters investigation published today reveals that Tesla’s widely touted “Full Self-Driving” safety statistics are built on deeply flawed methodology — and that the company’s own data labelers, the workers who train the AI system, don’t trust the technology to drive them.

The report, based on interviews with nine former Tesla data labelers, a former self-driving engineer, and 11 traffic-safety researchers, paints a damning picture of the gap between Tesla’s safety marketing and the reality of its autonomous driving program.

more…

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.

The biblical Tower of Babel, with its message of human pride and language confusion, is being built again but this time in the digital realm within a technocratic society. The global oligarchs are using AI to integrate all humans into the Internet of Bodies but do not comply.