SpaceX

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Morningstar: SpaceX Isn't Worth Anywhere Near $1.75T

Analysts put its value at 48% below company's target valuation

(Newser) - Elon Musk's next market splash may be priced for orbit, but one major research firm says investors should stay grounded for now. CNBC reports Morningstar pegs SpaceX's value at about $780 billion—about 48% less than the $1.75 trillion valuation the company is aiming for in its...

Anthropic Files for IPO in High-Stakes AI Race
Anthropic Files for IPO
Jun 1, 2026 12:35 PM CDT

Anthropic Files for IPO

Most valuable AI startup may beat OpenAI in race to go public

(Newser) - Anthropic is moving one big step closer to Wall Street. The artificial-intelligence company behind the Claude chatbot announced Monday that it has confidentially submitted paperwork for an initial public offering, with an eye toward a possible debut as soon as this fall, the Wall Street Journal reports. The filing "...

SpaceX Launches Its Biggest Starship Yet
SpaceX Launches
Its Biggest Starship Yet
UPDATED
May 22, 2026 8:24 PM CDT

SpaceX Launches Its Biggest Starship Yet

V3 made it to its final destination

(Newser) - SpaceX launched its biggest, most powerful Starship yet on a test flight Friday, an upgraded version that NASA is counting on to land astronauts on the moon. The redesigned mega rocket made its debut two days after SpaceX CEO Elon Musk announced he's taking the company public. It blasted...

SpaceX Sets May 21 for Crucial Starship Test
Starship Launch
Scrubbed at Last Minute
UPDATED
May 21, 2026 7:32 PM CDT

Starship Launch Scrubbed at Last Minute

SpaceX plans to try again on Friday

(Newser) - The 12th Starship test flight—the first for its latest version, Starship V3—was scrubbed at the last minute on Thursday. SpaceX plans to try again on Friday, with a 90-minute launch window opening at 6:30pm Eastern. "New rocket, new pad, we're learning a lot about these...

SpaceX Reveals It Has Been Losing Billions

Pre-IPO filing pulls back the curtain on Musk company's finances

(Newser) - Elon Musk's rocket company just gave the world a look at its long-mysterious finances. For the first time, SpaceX has disclosed detailed financials as it files to go public, revealing it swung from a $791 million profit in 2024 to a loss of more than $4.9 billion last year...

After Rift With Anthropic, DOD Signs With 7 New AI Firms

Contracts with OpenAI, xAI, Google expand military access to AI tools in classified settings

(Newser) - The Pentagon just locked in a who's who of AI heavyweights for classified work, deepening the military's reliance on Silicon Valley, even as one major holdout fumes on the sidelines. Per the Wall Street Journal , defense officials say they've now signed contracts to use models from OpenAI,...

Amazon Is Snatching Up Starlink Rival for $11B

Acquisition of satellite operator Globalstar to boost Amazon's Leo network, deepen Apple partnership

(Newser) - Amazon is writing a mighty big check to more aggressively take on Elon Musk over space-based internet. The company will acquire Globalstar, the satellite operator behind Apple's emergency iPhone connectivity, in a cash-and-stock deal the companies value at about $10.8 billion, effectively snatching up Starlink's biggest current...

Houston, You Are Again 'Space City'
Behold, the Return
of 'Space City'
Apr 6, 2026 7:06 PM CDT

Behold, the Return of 'Space City'

Artemis II launch rekindles Houston's NASA excitement amid Texas' booming space industry

(Newser) - Houston's space swagger just got some fresh fuel. The New York Times reports that Wednesday's launch of NASA's Artemis II mission—the 10-day flight that will send four astronauts around the moon—has put Houston's Johnson Space Center back in the spotlight and reminded residents why...

SpaceX May Have a Solid IPO 'Anchor' in the Saudis

Saudi PIF is reportedly in talks to invest $5B in rocket firm's planned initial public offering

(Newser) - Elon Musk's rocket company may be lining up one of the world's biggest investors for one of the market's biggest debuts. SpaceX has held talks with Saudi Arabia's Public Investment Fund (PIF) about the kingdom's sovereign wealth fund potentially putting about $5 billion into SpaceX'...

SpaceX Aiming for Largest IPO in History

Company recruits 21 banks amid plans to raise up to $80B

(Newser) - SpaceX's path to the public markets now has a code name—and a crowd. The Elon Musk-led company has tapped at least 21 banks to work on its planned initial public offering , one of the biggest underwriting squads assembled in recent years, sources tell Reuters . The IPO, internally dubbed "Project...

Starlink Satellite Seemingly Explodes
Starlink Satellite
Seemingly Explodes
Mar 31, 2026 10:20 AM CDT

Starlink Satellite Seemingly Explodes

SpaceX says no elevated risk; debris expected to burn up

(Newser) - A Starlink satellite appears to have shattered in orbit, and SpaceX isn't saying much about why. The company reported it lost contact with Starlink 34343 after an unspecified "anomaly," right before space-tracking firm LeoLabs spotted "tens of objects" where the satellite had been on Sunday. SpaceX,...

Elon Musk Is Richest Person Alive—by $582B

Musk's $839B fortune surges amid AI-fueled market boom

(Newser) - Elon Musk isn't just leading the billionaire pack—he's lapping the field. For the second straight year, Musk sits atop Forbes' World's Billionaires list , this time with an estimated net worth of $839 billion, the highest figure the magazine has ever recorded. Forbes credits a roughly $500...

Op-Ed: Don't Believe the Hype; Space Data Centers Are Way Off

Rebekah Reed explains why the 'quick fix' touted by tech giants may still be decades away

(Newser) - Beaming our computing problems into orbit sounds futuristic; the reality, argues one expert, is mostly hype and hidden costs. Writing in the Financial Times , Rebekah Reed of Harvard's Belfer Center dissects SpaceX's recent pitch to build a " constellation of a million satellites " serving as orbital data...

Musk's Starlink Cut Leaves Russian Forces Scrambling

Ukraine has gained the advantage in some sectors

(Newser) - A flip of a switch from Elon Musk may have flipped the dynamics on parts of Ukraine's front line. After Ukraine's defense minister asked SpaceX to block Russian access to Starlink, the company on Feb. 1 shut down all terminals in Ukraine except those cleared on a government...

Musk Responds to a Mass Exodus at xAI

He says move is a necessary part of reorganizing, though some see 'deeper tensions'

(Newser) - Elon Musk says the recent exodus at xAI was necessary, rather than a sign of dissatisfaction. In a post Wednesday, the billionaire SpaceX owner said his artificial intelligence startup, now folded into SpaceX , was "reorganized" to move faster, a shift he said meant "parting ways with some people....

Musk Says He Plans to Build Factories on the Moon

Plan includes lunar 'mass driver' to launch AI satellites into orbit

(Newser) - Elon Musk's pivot from Mars to the moon is recent, but he's not short on enthusiasm. He told xAI staff Tuesday the company, which he has merged with SpaceX , "has to go to the moon" and build a lunar factory to crank out AI satellites—and a...

Musk: SpaceX Shifts Focus From Mars to Moon

He says lunar city could happen in under a decade, while Mars city would take more than 20 years

(Newser) - Elon Musk just quietly rewrote his space dream—this time with a lunar address instead of a Martian ZIP code. As the Super Bowl kicked off Sunday, the SpaceX CEO posted on X that his company has "already shifted focus to building a self-growing city on the Moon,"...

Musk Helps Ukraine Hit Russia in Its 'Achilles' Heel'

SpaceX's Starlink cuts off satellite internet access to Russia on the war's battlefields

(Newser) - Russian soldiers on the front lines in Ukraine are suddenly finding their Starlink connections dark, and Moscow's pro-war bloggers say it's no glitch. At Ukraine's request, Elon Musk's SpaceX has tightened control of its satellite internet service, blocking unregistered terminals inside Ukraine and cutting off what...

Musk Merges SpaceX, xAI
Musk Merges
2 of His Companies
Feb 2, 2026 6:15 PM CST

Musk Merges 2 of His Companies

SpaceX, xAI folded into 'vertically-integrated innovation engine' ahead of IPO

(Newser) - Elon Musk is rolling two of his biggest bets into one $1.25 trillion moonshot. Musk said Monday he's folding rocket company SpaceX and artificial intelligence startup xAI into a single operation he calls "the most ambitious, vertically-integrated innovation engine on (and off) Earth," tying together rockets,...

Elon Musk's Possible Birthday Gift: a $1.5T IPO

SpaceX is weighing listing that could raise $50B, eclipse Saudi Aramco's IPO

(Newser) - SpaceX may be about to test a new financial frontier. The rocket and satellite company founded by Elon Musk is weighing an initial public offering that could value it at roughly $1.5 trillion, with timing that's as symbolic as it may be strategic, per the Guardian . Musk is...

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