Browsing: SpaceX

“Next year, I will give one of my SpaceX (SPCX) shares to every kid in America. This will be the first of many,” SpaceX founder and CEO Elon Musk said in an X post on Monday.

The Kenyan American engineer previously worked in Google’s cloud computing business before a brief stint at SpaceX’s Starlink communications network in 2024. His experiences convinced him that there was untapped potential for computers in space.

Morgan Stanley’s Adam Jonas wrote that investors only have a few weeks to ‘catch’ the SpaceX buying opportunity.

The Kenyan American engineer previously worked in Google’s cloud computing business before a brief stint at SpaceX’s Starlink communications network in 2024. His experiences convinced him that there was untapped potential for computers in space.

Tesla (NASDAQ: TSLA) went public in 2010 and has delivered life-changing returns since. Given its average annualized returns of 40.11% (as of writing) since it hit equity markets, $5,000 invested in Tesla 16 years ago would be worth more than $1 million today.

Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, has had a bumpy takeoff since its IPO. After rocketing higher to $225 per share within days of its $135 initial public offering, the stock fell more than 50% over the following weeks. It now trades around $150 per share, but still exhibits considerable volatility.

SpaceX (NASDAQ:SPCX) stock has managed to gain nearly 12% so far in September, trading at $152, comfortably above the initial public offering price (IPO) of $135 on June 11. With SpaceX share unlocks approaching, however, investors are trying to predict how the price will move early in October. 

SpaceX (SPCX, Financials), Elon Musk’s aerospace and satellite company, is reportedly considering an unusual way to get more of the raw material needed to build better AI models.

SpaceX has reportedly discussed buying customer and operational data from failed startups to help train AI models, highlighting an uncomfortable reality: while a company may disappear, the information it collected may linger.

Valor Equity Partners, a venture capital firm notable for its early investments in Space Exploration Technologies Corp.—SpaceX—has distributed shares of the company worth $8.5 billion to its limited partners, according to a Form 4 filing with the Securities and Exchange Commission.