Report: SpaceX’s satellite internet business is propping up its rocket and AI businesses
Ahead of SpaceX’s highly anticipated IPO in June, new reporting from The Information reveals just how dependent the rocket and AI company is on its internet business. According to the report, in 2025,...
Amazon strikes deal to buy Globalstar as it looks to take on SpaceX’s Starlink
is up 11% in premarket trading on Tuesday after announced it has agreed to acquire the satellite company for about $11.6 billion, as it moves to keep up with Elon Musk’s Starlink. The deal would effec...
Report: SpaceX posted $18.5 billion in revenue and a $5 billion loss last year
All eyes on are SpaceX as it prepares for a blockbuster IPO as soon as this summer , and everyone is eager to get a look at the company’s official numbers for the first time. The Information is report...
Space stocks rip during a topsy-turvy day for the equity market
Satellite-services-from-space stocks surged Thursday after reports that is in talks to buy , which provides voice and connectivity services from its satellite network. It also can’t hurt that the gene...
Globalstar surges after FT reports that Amazon is in talks to buy the satellite group
Globalstar is up 11% in premarket trading on Thursday on reports that is in talks to buy the satellite company, in a push to take on Elon Musk’s SpaceX. The two companies are currently negotiating th...
SpaceX reportedly files confidentially for IPO
SpaceX confidentially filed its draft IPO paperwork with the Securities and Exchange Commission, Bloomberg reports, citing people familiar with the matter, the next step toward what is expected to be ...
Report: SpaceX’s record IPO may grant preferential access to retail investors and Tesla shareholders
SpaceX’s impending IPO could raise $40 billion to $80 billion and rank as the largest ever — as well as one of the most unconventional. The Wall Street Journal reports several ways CEO Elon Musk is co...
SpaceX isn’t just expensive — it’s in a different orbit
When Elon Musk’s SpaceX files to go public, which reportedly might happen as soon as this week, the company could raise a record $75 billion at a potential valuation of more than $1.75 trillion . At t...
EchoStar jumps on report SpaceX plans IPO filing as early as this week
jumped early Wednesday on a fresh report about the supposedly imminent IPO filing from CEO Elon Musk’s commercial space behemoth, SpaceX. The satellite stock, which was added to the S&P 500 on Monday...
Space, drone, and satellite stocks continue their Iran war-driven rally
Space, drone, and satellite stocks like , , , , and are outperforming both broader indexes and the thematic baskets of momentum stocks and shares with high retail sentiment with which they are often ...
Reuters: SpaceX wants a Nasdaq listing — with early Nasdaq 100 access
SpaceX is leaning toward listing what’s potentially the biggest IPO of all time on the Nasdaq, Reuters reports , contingent on early inclusion on the exchange’s Nasdaq 100 Index. Typically companies h...
As the S&P 500 announces new members, index investors could get exposure to SpaceX
Here’s something kind of strange. If all goes as planned, investors in the most basic kind of investment available — your plain-vanilla, low-cost S&P 500 Index fund, such as — will soon get a form o...
AST SpaceMobile surges on earnings, momentum bounce
Satellite-services-from-space play surged Wednesday after receiving price target hikes from analysts at Deutsche Bank and UBS amid a broader bounce in retail trading. Shortly after 1 p.m. ET, the sha...
Satellite stocks rip as war shifts focus to defense spending
Traders seem to be settling on satellite stocks as a smart place to stash cash after the combined US and Israeli attack on Iran ignited a fresh war in the Middle East over the weekend. , , and are al...
SpaceX to expand Starlink’s mobile coverage as it seeks $1.75 trillion IPO valuation
At the Mobile World Congress keynote Monday morning, SpaceX President Gwynne Shotwell and Starlink VP of Engineering Michael Nicolls said the company plans to offer broadband-level cellular service th...
Archer teams up with Starlink to bring internet access to its Midnight air taxi
Air taxi maker and defense contractor announced on Friday that it’s teaming up with SpaceX’s Starlink. The company will install Starlink’s satellite internet into its Midnight aircraft for use by pas...
Rocket Lab beats expectations on Q4 sales, per-share loss
Retail favorite posted better-than-expected Q4 sales and a slightly smaller adjusted per-share loss than expected late Thursday. The stock slipped slightly in the after-hours session, giving back som...
AST SpaceMobile slides on $1 billion convertible note offering, debt repurchase, and stock sale
has slumped 8% in premarket trading after the company unveiled a trio of financing moves aimed at raising fresh capital to expand its satellite network while paying down existing, costlier loans. Afte...
SpaceX merges with xAI, reportedly will seek an IPO valuation of $1.25 trillion
Elon Musk’s giant space company has merged with his AI company, according to a letter from Musk posted on the SpaceX website. As part of the reasoning for the deal, Musk cited a pet idea among tech bi...
SpaceX is actually considering a merger with Tesla or xAI: Report
Bloomberg reports that Elon Musk’s SpaceX is considering merging with Musk’s . Earlier today, Reuters had reported that SpaceX was thinking of potentially merging with xAI ahead of SpaceX’s IPO this y...