The department cited national security concerns, saying Elon Musk’s company had played a crucial role in the Iran war. It also argued it has the authority to stop environmental lawsuits brought by citizens.

The department cited national security concerns, saying Elon Musk’s company had played a crucial role in the Iran war. It also argued it has the authority to stop environmental lawsuits brought by citizens.

© Brad J. Vest for The New York Times

The department cited national security concerns, saying Elon Musk’s company had played a crucial role in the Iran war. It also argued it has the authority to stop environmental lawsuits brought by citizens.

SpaceX exercised its option to acquire Cursor in an all-stock deal, bolstering Elon Musk’s ambitions in artificial intelligence.

The company’s shares jumped on Monday, and executives announced that they had raised even more money in an already record-breaking initial offering.

Elon Musk said he had initially given SpaceX less than a 10 percent chance of succeeding. His rocket company has come a long way.

Elon Musk said he had initially given SpaceX less than a 10 percent chance of succeeding. His rocket company has come a long way.

Strong investor interest in SpaceX could be good news for the A.I. rivals, which have signaled that they, too, intend to go public this year.

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.

With SpaceX shares soaring 20 percent on their first day of trading, the world’s richest person crossed another milestone — one with 13 digits.

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.

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.

Danish engineering and powertrain experts Danfoss have developed a new digital hydraulic system designed specifically for electric construction equipment that can reduce energy consumption from the machine’s battery by 35%, and improve runtime by more than 50%. (!)

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