HUFFPOST - SpaceX Shares Drop Below IPO, With More Volatility To Come
The selloff is an ominous sign as more shares are likely to flood the market.
The selloff is an ominous sign as more shares are likely to flood the market.
Some shareholders might object, but there is little they could do, legal experts say.
The next frontier after Starlink?
Strong investor interest in SpaceX could be good news for the A.I. rivals, which have signaled that they, too, intend to go public this year.
SpaceX’s Initial Public Offering (IPO) is underway, and money won’t just “trickle down” but cascade.
The landmark listing cemented Elon Musk's status as the first trillionaire ever and propelled SpaceX into the ranks of the world's most valuable companies.
Much of the outlook relies on SpaceX dominating technologies and markets that do not yet exist – from Mars missions to AI data centers in space.
Anthropic is paying SpaceX $1.25 billion per month through May 2029 as part of the massive compute deal the companies signed earlier this month. Why it matters: It's a massive bill but comes as Anthropic's revenue is taking off and the company is hampered by a lack of compute power. - It also is a significant boost to SpaceX, whose annual revenue is only around $18 billion per year. Driving the news: Anthropic and SpaceX announced their deal last month, but did not initially provide financial details. - SpaceX announced the monthly payments as part of its filing for an initial public offering , released Wednesday. It said the payments would be reduced for May and June as the deal ramps up. - Anthropic also announced moments before the…
The company is on track to pull off the largest IPO in history — making CEO Elon Musk even wealthier.
The company submitted its draft IPO registration to the US Securities and Exchange Commission and is looking for a public listing in June. It comes as OpenAI and Anthropic consider similar moves.