SpaceX has spent more than $15 billion developing its next-generation Starship rocket, according to the company’s IPO registration reviewed by Reuters, a sum that dwarfs the cost of its workhorse Falcon rocket as Elon Musk’s space company nears a decade trying to perfect a fully reusable launch system.
That doesn't come close, though, to what might be the most highly anticipated IPO this year: SpaceX. The space exploration company, which has several other segments, too, is purported to be aiming for a valuation as high as $2 trillion, which would make it the seventh-most-valuable company in the U.S. if it went public today.
Elon Musk‘s orbital datacenter goals may have gotten a boost following Alphabet Inc. GOOGL GOOG CEO Sundar Pichai‘s comments about space-based AI compute earlier this month. AI Compute Satellites In a post on the social media platform X,
SpaceX's board has approved a compensation plan for founder Elon Musk with goals as futuristic and celestial as the company's ambitions: colonizing Mars and running data centers in outer space.
Thanks to the ongoing trial pitting billionaires Elon Musk and Sam Altman against each other, it's come to light that Valve founder Gabe Newell--the third billionaire in this story--emailed Musk to ask if Hideo Kojima could get a tour of SpaceX.
SpaceX has poured over $15 billion into its Starship rocket. This next-generation system is key for launching more Starlink satellites and future moon and Mars missions. The company aims for rapid reusability.
Elon Musk sued OpenAI, Sam Altman and Greg Brockman in 2024, claiming they reneged on their promise to keep the artificial intelligence lab a nonprofit.