Elon Musk Is Refuting a Key Detail in SpaceX IPO Reports
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Amid media reports of skyrocketing valuation and a potential IPO for SpaceX, the company could have a lot to lose next year.
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Musk walks back SpaceX funding reports. Is 2026 IPO in play?
Elon Musk nixes reports that SpaceX is targeting an $800 billion valuation via a secondary stock sale. But is a 2026 IPO in play?
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Elon Musk is blasting the European Union after it ordered his social media platform, X, to pay a $140 million penalty for breaking the bloc's online safety rules. The European Commission said X used a "deceptive" blue checkmark, failed to give clear information about ads, and blocked researchers from seeing important public data.
Elon Musk, the richest person in the world, has already shown that when a city’s rules won’t bend to his will, he’ll create a new city and new rules. That’s how Starbase, the self-governing town built around SpaceX’s southern Texas launch site, came to be.
SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at as much as $800 billion, people familiar with the matter said, reclaiming the title of the world’s most valuable private company.
In April, during Jared Isaacman's first nomination hearing for the post of NASA administrator, the Democratic senator from Massachusetts asked repeatedly if SpaceX founder and CEO Elon Musk was in the room when President Donald Trump offered him the job of NASA chief. Isaacman declined to answer directly.
The OpenAI chief executive has looked to put together funds to either acquire or partner with a rocket company.