SpaceX's stock fell in premarket trading following the abortion of its Starship rocket test flight caused by an engine ignition failure. The launch, scheduled in Texas, was stopped automatically when some engines failed to start. Founder Elon Musk announced plans to replace two Raptor engines and attempt another launch early next week. Investors remain cautious after SpaceX's record $85.7 billion IPO in June, closely watching the company's rocket test progress.
Norway's Government Pension Fund Global disclosed a 0.05% stake in SpaceX valued at about $1.23 billion as of June 30, 2026. This stake represents roughly 6.59 million shares, with SpaceX's stock trading near its IPO price and a market cap of $1.8 tr...
SpaceX shares have surged nearly 28% recently, nearing their $135 IPO price as investors weigh Elon Musk's ambitious $1 trillion revenue target by 2030. While the company's rapid growth and AI projects like Grok and Cursor offer potential, the timeli...
SpaceX is rapidly evolving from a rocket and connectivity firm into a major AI compute provider, with AI revenues hitting $2.6 billion in Q2, up 247% year-over-year. This growth is expected to make AI the company's main revenue source by Q3, signalin...
Ron Baron, founder of Baron Capital, revealed his firm has built a $25 billion position in SpaceX since 2017 and projects the company could be worth $40 trillion within 10 to 15 years, starting from a $2 trillion IPO valuation. This bold forecast fol...
Morgan Stanley highlights SpaceX's AI software platform Cursor, used by over 64% of Fortune 500 companies, projecting $8 billion in annual recurring revenue (ARR) by year-end and $33 billion by 2030. This positions SpaceX as a major player in high-ma...
