Last week, we ran a sidebar survey asking if Electrek readers still believed in Elon Musk’s vision of a self-driving, robot-built future on Mars. After receiving more than 3,000 responses, here’s what you told us you think about the world’s first trillionaire.
NASA has provided more details about the revised approaches that Blue Origin and SpaceX are taking to accelerate work on Artemis lunar landers.
The post Revised Artemis lunar lander plans take shape appeared first on SpaceNews.
Space Exploration Technologies, better known simply as SpaceX, became a publicly traded company on Friday nearly a quarter of a century after it was founded.
The company began trading on the NASDAQ exchange in New York City at $135 a share, valuing SpaceX at nearly $1.8 trillion. By the end of the trading day the company's shares were selling at $160.95, a respectable increase of more than 19 percent.
On paper, SpaceX founder Elon Musk became the world's first trillionaire, with his personal stake in the company valued at more than $700 billion. Because of the company's stock options plan, thousands of current and former employees became overnight millionaires. Employees at SpaceX have worked remarkably hard over the last 24 years, and now they will be richly compensated for having done so.
© Spencer Platt/Getty Images
SpaceX shares rose on the first day of trading as the company went public in a milestone event for both the company and the broader space industry.
The post SpaceX shares rise nearly 20% in historic IPO appeared first on SpaceNews.
As SpaceX gears up to start launching orbital data center spacecraft as soon as next year, astronomers warn those satellites could cause serious interference with their observations.
The post Astronomers fear orbital data centers will interfere with observations appeared first on SpaceNews.
Elon Musk is now officially the world's first trillionaire. That is a colossal amount of wealth (and by proxy, power) for one individual to have. Its scale - a thousand times more than a billion - is difficult to fathom for those of us who aren't among the 3,363 billionaires that currently exist in our world. But let's try to comprehend it anyway.
The most frequently cited comparison is time. If you were to count out a million seconds, it would take you 11 and a half days. A billion seconds would take you 31.7 years. But a trillion seconds would take 31,700 years - to reach that point today, you would have needed to start counting in the Pa …
Elon Musk's net worth has passed the trillion-dollar mark after SpaceX's IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla. Shares of SPCX opened at $150 and have remained well above the $138 benchmark that gives Musk a 13-figure net worth.
SpaceX combined Musk's rocket, AI, and social media platforms earlier this year, and said in its S-1 that its goal is to "build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light …
SpaceX’s IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time, and raised enough money to make Elon Musk the first trillionaire.
He has more wealth, on paper at least, than the economies of nations like Ireland, Sweden, or his home country of South Africa (CNN cites the International Monetary Fund saying only 20 countries have economies larger than $1.1 trillion), now linked to the promise of a business based on launching AI datacenters into space.
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SpaceX is now a publicly traded company.
In one of the most highly anticipated and controversial public offerings of all time, the rocket venture helmed by Elon Musk started trading on Nasdaq on June 12th at the take-it-or-leave-it price of $135-per-share - though most retail investors will likely pay far more.
The IPO is historic for many reasons: SpaceX is hoping to raise $75 billion under the ticker symbol SPCX, which would make it the largest public offering in history. The company is controlled by Musk, who also runs Tesla, another trillion-dollar company. The IPO is expected to make Musk, who is set to control 85 percent of the voti …
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