SpaceX didn’t just rewrite the playbook for aerospace and defense, it helped birth a new space economy. Now Elon Musk’s company is tackling a different type of moonshot: going public. “I wasn’t sure we would go public,” SpaceX Chief Operating Officer Gwynne Shotwell told CNBC in an exclusive interview, just before the company started its…
SpaceX is officially set for the largest IPO on record. Elon Musk’s reusable rocket company is raising $75 billion, selling 555.6 million shares for $135 a piece, according to a filing with the Securities and Exchange Commission. The deal values SpaceX at $1.77 trillion, making it the seventh most-valuable U.S. company, ahead of Tesla, Musk’s…
Elon Musk at SpaceX in Brownsville, Texas, May 27, 2025. Marvin Joseph | The Washington Post | Getty Images SpaceX filed for an initial public offering a week ago, and Elon Musk is already creating confusion. Days before the reusable rocket maker is scheduled to start pitching its story to investors, Musk took to social…
Mercedes-Benz vehicles sit parked, on the day U.S. President Donald Trump is set to announce new tariffs, at a dealership in Copiague, New York, U.S., April 2, 2025. Shannon Stapleton | Reuters Mercedes-Benz could find itself shut out of the U.S. auto market — banned from making or selling new vehicles in the country —…
The first stage of Blue Origin’s New Glenn rocket, named ”Never Tell Me The Odds,” returns to Port Canaveral, United States, on April 19, 2023. The booster is onboard the drone ship Jacklyn, where it landed after a successful launch. This marks the first time Blue Origin is reusing the same first stage. (Photo by…
LG Electronics India is seeking a valuation of up to 774 billion rupees ($8.71 billion) in its long-delayed initial public offering, tapping into a bustling IPO market with one of India’s largest offerings so far this year. Nurphoto | Nurphoto | Getty Images Shares of LG Electronics surged as much as 23.95% after the company announced a series of…
In a country where big trucks are a big deal, those pickups and SUVs represent a big percentage of auto loans that come with a sizable monthly payment, more than $1,000 a month, according to new data. Experian Automotive’s analysis of more than 5 million open auto loans and leases in the first quarter shows…
Ferrari’s first fully electric car, called Luce, in a handout image obtained by Reuters May 25, 2026, after the luxury sports car maker unveiled the model. Ferrari | Via Reuters Ferrari‘s stock plummeted after it unveiled its first fully electric vehicle, which was criticized by the luxury carmaker’s former boss and even Italy’s transport minister….
Ferrari unveiled the Ferrari Luce electric vehicle in the symbolic setting of the Vela di Calatrava, Città dello Sport in Rome in May, 2026. (Ferrari S.p.a.) Ferrari S.p.a. After intense backlash following the reveal of Ferrari’s first all-electric vehicle, the Luce, the CEO of rival luxury vehicle maker Lamborghini said canceling his company’s EV plans…
As Elon Musk prepares to lead a second trillion-dollar company into the public market, a move that will likely put him in charge of two of the 10 most valuable U.S. enterprises, chatter is building that Musk’s ultimate goal is to combine the entities into one. SpaceX is expected to start trading on the Nasdaq…
