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SpaceX aims for $1 trillion valuation with lunar base plans and upcoming IPO led by Goldman Sachs.

Market News
23 May 2026
Namrata Sen
View Source
Neutral
pluang ai news

Elon Musk's SpaceX is targeting a $1 trillion valuation as it plans to establish a permanent lunar base by 2029-2030, competing with China. The company’s upcoming IPO, led by Goldman Sachs, has sparked debate over its high valuation, which could reach $1.75 trillion, raising concerns about limited upside for investors. Musk’s vision includes making humans multi-planetary and innovating internet access through satellite networks. Collaboration between public agencies like NASA and private firms such as SpaceX and Blue Origin is seen as crucial for success in space exploration.

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Geely Auto passes Europe's toughest dual-side crash test, proving top safety standards.

Geely Auto passes Europe's toughest dual-side crash test, proving top safety standards.

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3 hours ago
Innovator's PJUL ETF offers retirees a 15% loss buffer and capped gains to manage market volatility.

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Neutral
4 hours ago
IonQ posts 8x revenue growth in Q1 2026, raises full-year guidance despite losses

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Quantum computing firm IonQ reported a strong Q1 2026 with revenues of $64.67 million, marking an eightfold increase year-over-year. Despite ongoing losses and negative earnings per share, the company raised its full-year revenue guidance to $270 mil...

Technical Signals
Bullish
4 hours ago
PENGU token drops 14% amid broader crypto market weakness hitting risky altcoins

PENGU token drops 14% amid broader crypto market weakness hitting risky altcoins

The Pudgy Penguins' PENGU token fell 14% as the overall cryptocurrency market weakened, particularly impacting high-risk altcoins. This decline reflects investor caution in volatile segments of the crypto space. The drop may influence traders to reas...

Market News
Bearish
4 hours ago
Metaplanet names Eric Trump advisor, boosts Bitcoin holdings to 40,177 BTC, third-largest public holder globally

Metaplanet names Eric Trump advisor, boosts Bitcoin holdings to 40,177 BTC, third-largest public holder globally

Metaplanet, a Tokyo-listed investment firm, appointed Eric Trump to its Strategic Board of Advisors in March 2025, linking the Trump family's crypto interests with the company's aggressive Bitcoin strategy. Since then, Metaplanet's Bitcoin holdings s...

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Bullish
4 hours ago
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