SpaceX is considering launching a Starlink-branded mobile phone service in the United States, potentially expanding its role in telecommunications. The plan, discussed by SpaceX President Gwynne Shotwell, includes a direct-to-consumer wireless offering and possibly building a terrestrial mobile network. This move would put SpaceX in direct competition with established carriers like Verizon, AT&T, and T-Mobile. The company aims to leverage its satellite capabilities combined with terrestrial infrastructure to capture more customer revenue, supported by significant wireless spectrum acquisitions.
Analyst Steve Silver from Argus Research initiated a 'Hold' rating on SpaceX stock, highlighting strong revenue growth but inconsistent profitability. The company operates a hybrid model blending mature infrastructure with venture-style investments, ...
Triller Group's shares surged over 42% following its announcement of acquiring a Bahamian investment vehicle holding about 3.9 million SpaceX shares, valued at $411.3 million. This move places SpaceX-linked assets on Triller's balance sheet as a stra...
OpenAI has not set an official timeline for its IPO and has yet to hold pre-IPO meetings with investors to gauge pricing and demand. The company confidentially filed its prospectus with the SEC but indicated the public listing may still be some time ...
SpaceX shares have fallen 17% over the past week, pressured by losses in its $25 billion bond offering and broader tech sector profit-taking. Despite strong underlying narratives in defense, connectivity, and AI, near-term financing worries and marke...
SpaceX will be added to the Russell 1000 index after the market closes on Friday, following its IPO on June 12. This inclusion is due to a recent rule change allowing newly public companies to join the index after just five days of trading. As a resu...
