Elon Musk

SpaceX Stock Hits New All-Time Low as AI Capex Jumps in Q2 SpaceX’s stock price has plummeted to a record low following the release of its first quarterly earnings report, which revealed massive capital expenditure plans for artificial intelligence infrastructure. The sharp decline reflects growing investor concern over the company’s aggressive AI spending strategy and its potential impact on profitability. The aerospace and electric vehicle conglomerate reported that AI-related capital expenditures surged dramatically in the second quarter, as CEO Elon Musk pushes to integrate advanced AI capabilities across Tesla’s autonomous driving systems, SpaceX’s satellite operations, and xAI’s language models. Musk told investors that people were “underestimating” his company’s AI ambitions. ...

Elon Musk’s net worth has fallen below the trillion-dollar mark as shares in Tesla and SpaceX continue to decline, stripping him of his brief status as the world’s first trillionaire.

SpaceX has officially announced the acquisition of AI coding tool company Cursor for approximately $60 billion, marking one of the largest deals in AI history.

The U.S. Department of Justice has intervened in a pollution lawsuit against Elon Musk’s xAI, citing national security concerns to block the case from proceeding. The move has sparked fierce debate over the balance between security and public health.

Core Summary SpaceX debuted on the Nasdaq on June 12, 2026, surging from its $135 IPO price to as high as $176 before closing at $160.95, a 19% gain. The company’s market cap briefly exceeded $2.3 trillion, pushing founder Elon Musk’s net worth past $1 trillion and making him the world’s first trillionaire. Event Details According to TechCrunch, SpaceX’s IPO raised a record $75 billion, making it the largest initial public offering in U.S. stock market history. The stock jumped to $150 within minutes of trading and peaked at $176 intraday. ...

Core Summary SpaceX officially began trading on the Nasdaq on June 12, 2026, priced at $135 per share — well above the previously expected range of $110-$125. The listing propelled founder Elon Musk’s net worth past the one-trillion-dollar mark on paper, making him the world’s first trillionaire. The milestone not only shattered tech IPO records but also signaled the space economy’s formal entry into public capital markets. Event Details According to Business Insider’s live coverage, the final IPO price of $135 per share exceeded analyst expectations. Combined retail and institutional subscriptions surpassed the previously disclosed $70 billion threshold, reflecting strong market confidence in the space industry’s commercial prospects. ...

Summary SpaceX officially launched its initial public offering on June 11, drawing over $70 billion in retail investor orders and setting a new record for tech IPOs. In an unprecedented move, SpaceX shares will also trade as tokenized assets on the Solana blockchain on the very same day they list on Nasdaq, marking the first deep integration between traditional finance and crypto markets. Details According to Bloomberg, SpaceX’s IPO attracted over $70 billion in retail orders, far exceeding the previously expected $55 billion fundraising target. This figure reflects strong global investor confidence in the space economy supply chain. ...

Core Summary According to Investor’s Business Daily, SpaceX has reportedly set an IPO price target, signaling that the private space company is moving toward a historic milestone of going public. Details According to Investor’s Business Daily, SpaceX has started preparing for an initial public offering and has set preliminary pricing targets. As the world’s most valuable private space company, SpaceX’s listing will be one of the most watched capital market events in the tech sector in recent years. ...

SpaceX has formally filed IPO paperwork with the US Securities and Exchange Commission. BBC reports that the listing valuation could make Elon Musk the world’s first trillionaire. As the world’s most valuable private aerospace company, SpaceX’s IPO would be one of the largest tech listings in recent years. The company has raised multiple funding rounds with steadily growing valuations, driven primarily by the Starship program’s progress and Starlink’s commercialization. Sources: BBC, WSJ ...

After nearly a month of intensive proceedings, a jury has ruled to dismiss Elon Musk’s lawsuit against OpenAI and its CEO Sam Altman. Case Background Musk was a co-founder of OpenAI but departed the company in 2018. Since then, he has repeatedly criticized OpenAI’s shift toward a for-profit model and accused Altman of misconduct during the transition of control. Trial Focus During the nearly month-long trial, both sides presented extensive internal emails, meeting records, and financial documents. Musk argued that OpenAI had strayed from its original nonprofit mission, while Altman and OpenAI contended that the transformation was necessary for the company’s long-term development. ...