SpaceX has successfully raised $25 billion through a senior unsecured notes offering, receiving nearly $90 billion in orders, shortly after its record-breaking IPO that raised nearly $86 billion. This debt sale increases SpaceX's cash reserves to over $100 billion, supporting its ambitious projects like Starship rockets, Starlink satellite internet, and AI initiatives including the acquisition of AI startup Cursor. Despite its losses totaling $41.3 billion since 2002, SpaceX's Starlink remains its only profitable segment. This bond sale is among the largest in the AI era, reflecting strong investor confidence in SpaceX's growth plans.
SpaceX's stock has fallen about 28% from its June 16 peak following its June 12 IPO, wiping out hundreds of billions in market value. Despite this sharp decline, short selling remains modest, with only 5% to 7% of the float sold short, indicating cau...
SpaceX shares rose 2.5% on Tuesday following a steep two-day selloff that erased over $600 billion from the company's market value. The drop, one of the largest ever for a newly listed mega-cap stock, pushed shares below their initial $150 opening pr...
SpaceX stock initially surged 50% after its June 12 IPO, reaching an all-time high of $225.64. However, it then plunged nearly 22% in the following week, erasing all gains and closing below its IPO price. The rapid early rise likely prompted profit-t...
Ahead of the SpaceX IPO priced at $135, many space-related stocks surged, averaging a 99% gain year-to-date by June 11. However, after the IPO, most of these stocks fell back down, with only SpaceX shares and one other stock out of 28 remaining highe...
SpaceX's AI division xAI, which operates the Grok AI, has suffered massive losses of $6.4 billion on $3.2 billion revenue, failing to compete with leading AI firms like OpenAI and Google. Despite SpaceX's strong overall revenue of nearly $19 billion ...
