Economist Robert Reich criticized Elon Musk-led SpaceX's upcoming IPO, calling it the 'universe's largest Ponzi scheme' due to its high valuation at roughly 100 times projected 2025 revenue. Reich highlighted concerns about SpaceX's speculative goals and Musk's control through Class-B shares with 10 times voting power, limiting shareholder influence. He warned that many Americans' retirement savings could be tied to SpaceX's market value without choice. Senator Elizabeth Warren also urged delaying the IPO over valuation concerns. This scrutiny raises questions about the IPO's impact on investors and market trust.
Elon Musk predicted in August 2026 that SpaceX's AI revenue would exceed all other business segments by September. While AI revenue grew significantly in Q2, it had not yet overtaken Connectivity and Space revenues. The Q3 earnings report, due in lat...
Elon Musk recently hinted at the possibility of merging Tesla and SpaceX, two of the world's most valuable companies, during a public discussion. While no formal deal or board approval exists, Musk's comments have reignited speculation about the bene...
Investors who split $1,000 equally between Tesla and SpaceX two months ago would now see about a 26.8% return, with Tesla shares up nearly 15% and SpaceX shares surging 39%. Tesla's gains followed a strong Q3 delivery report exceeding expectations an...
SpaceX's stock climbed 6% following a successful Falcon 9 rideshare mission deploying satellites for Unseenlabs, signaling strong demand for launch services. Rocket Lab outpaced SpaceX with a 7% gain, reflecting investor optimism about growing orbita...
The Global X LLM ETF launched on October 1, 2026, focuses on companies building large language models, with major holdings in Meta, SpaceX, and Alphabet. However, the fund excludes private AI leaders OpenAI and Anthropic, includes about a third of as...
