Washington, June 13 (IANS) Elon Musk became the world’s first trillionaire after SpaceX completed the largest initial public offering in history, with investors pushing the rocket and satellite company’s market value to about $2.1 trillion on its first day of trading.Shares of SpaceX closed at $160.95, up more than 19 per cent from their IPO price of $135, capping one of the strongest major market debuts in recent years. The surge lifted the value of Musk’s stake in the company and cemented his …
Latest SpaceX News & Updates
New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) officially began trading on the Nasdaq on Friday after completing a record-breaking $75 billion initial public offering (IPO), marking a historic moment for global capital markets and bringing founder Elon Musk closer to becoming the world’s first trillionaire.The start of trading was marked by SpaceX executives ringing the opening bell at the Nasdaq stock exchange, while celebrations were also held at the company’s headquar…
New Delhi, June 12 (IANS) Space Exploration Technologies Corp. (SpaceX) — the Elon Musk-led rocket and satellite company — has priced its blockbuster initial public offering (IPO), pushing Musk’s net worth to nearly $970 billion and bringing him closer to becoming the world’s first trillionaire, as per multiple reports.Reports claim that SpaceX priced its shares at $135 apiece, raising about $75 billion in what is being billed as the largest IPO in history and valuing the company at around…
New Delhi, June 10 (IANS) Elon Musk-led Starlink has dismissed a report that India has frozen approvals for its satellite internet services, saying it remains engaged in “active and productive discussions” with the government and continues to receive encouraging feedback on its plans for the country.Responding to the report, Lauren Dreyer, Vice President of Starlink Business Operations, said the company remains committed to launching services in India and has complied with all regulatory and sec…
New Delhi, June 6 (IANS) Elon Musk’s SpaceX said that Google’s parent company Alphabet has agreed to pay it $920 million a month for computing capacity under a cloud services contract that runs from October 2026 through June 2029.The total monthly fee amounts to roughly $30 billion over the life of the agreement, according to an exchange filing in the US. The contract gives Google access to 110,000 Nvidia graphics processing units as well as central processing units, memory and related compone…
Washington, May 28 (IANS) The US Federal Aviation Administration (FAA) has ordered SpaceX to conduct a “mishap investigation” involving the Super Heavy booster during the 12th flight test of its giant Starship rocket. In a statement on Wednesday (local time), the FAA said it had determined that the flight test on Friday resulted in a mishap during the booster’s return flight over the Gulf of Mexico following stage separation.The agency said it will oversee the process and approve SpaceX’s final …
Seoul, May 3 (IANS) A South Korean Earth-observation satellite has successfully entered low-Earth orbit following its launch from a U.S. space base in California, authorities said on Sunday, in a move expected to help bolster Seoul’s satellite development capabilities.A SpaceX Falcon 9 rocket carrying the satellite lifted off at 12 a.m. Saturday (U.S. time) from Vandenberg Space Force Base in Santa Barbara County, California.The satellite, called Compact Advanced Satellite (CAS) 500-2, was separ…
New Delhi, April 22 (IANS) US space agency National Aeronautics and Space Administration (NASA) unveiled the Nancy Grace Roman Space Telescope, a wide‑field observatory designed to scan the universe for planets outside the solar system and probe the mysteries of dark matter and dark energy.NASA administrator Jared Isaacman said at a news conference at the Goddard Space Flight Center in Maryland that “Roman will give the Earth a new atlas of the universe.” The 12‑metre, silvery contraptio…
New Delhi, March 21 (IANS) Tesla and SpaceX CEO Elon Musk on Saturday said he is willing to pay the salaries of Transportation Security Administration (TSA) personnel amid an ongoing funding impasse in the US that is affecting airport operations.Taking to social media platform X, Musk said, “I would like to offer to pay the salaries of TSA personnel during this funding impasse that is negatively affecting the lives of so many Americans at airports throughout the country.”The remark comes at …
Florida, March 21 (IANS) NASA has returned its Space Launch System (SLS) rocket and the Orion spacecraft for its upcoming Artemis II crewed lunar mission to the launch pad at the agency’s Kennedy Space Centre in the US state of Florida.The integrated SLS and Orion travelled about 4 miles (around 6.4 kilometres) from the Vehicle Assembly Building (VAB) at the space centre, departing at 12:20 a.m. Eastern Time and arriving at the launch pad at 11:21 a.m., completing an 11-hour journey.NASA teams a…