The Business Times

SpaceX

Telcos, Media & Tech

SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

The transaction values SpaceX at US$1 trillion, and xAI at US$250 billion

The rapid launch of 9,500 Starlink satellites since 2019 has made SpaceX the world’s largest satellite operator with over nine million users of the broadband Internet service.
Transport & Logistics

SpaceX generated about US$8 billion in profit last year ahead of IPO: sources

Musk expects Starship to start launching payloads into space this year

Space technology is a tightly held sector but is sought after by investors keen for exposure in light of rapid development prospects, analysts have said.
Global Enterprise

SpaceX weighs June 2026 IPO at US$1.5 trillion valuation: report

Global financial markets are bracing for a year of potentially mega US listings

Models of space rocket carriers and engines at the LandSpace factory. China’s companies may, for the first time in their histories, successfully recover the first stage of a rocket, opening a galaxy of opportunity.
Opinion & Features

The big ambitions of China’s private space industry

Chinese firms race to catch up with SpaceX

SpaceX has become the world’s largest satellite operator through Starlink.
Transport & Logistics

FCC approves SpaceX plan to deploy an additional 7,500 Starlink satellites

The agency is also allowing the company to upgrade the satellites and operate across five frequencies

SpaceX, long known for its rocket launch business, has become the world’s largest satellite operator through Starlink.
Companies & Markets

Starlink plans to lower satellite orbit to enhance safety in 2026

The number of spacecraft in Earth’s orbit has jumped sharply in recent years

LandSpace is now preparing to go public to fund its future projects.
Transport & Logistics

China’s LandSpace gears up to take on Elon Musk and SpaceX

The country’s state-led space programme has historically been allergic to failed launches

The decision to go public caught some by surprise, given SpaceX's status as one of the world’s largest private companies.
Companies & Markets

Morgan Stanley seen as front-runner for SpaceX IPO: sources

[NEW YORK] Morgan Stanley is emerging as a leading contender for a key role in SpaceX’s blockbuster initial public offering (IPO), as the bank’s close ties to CEO Elon Musk give it an edge in his deci...

As with the other two American companies, OpenAI can remain private and risk running out of the capital needed to stay ahead. Or it can go public and risk markets’ impatience over profits.
Opinion & Features

SpaceX, OpenAI, Anthropic and their giga-IPO dreams

Will more capital trump more scrutiny?

Musk’s fortune has further to run if SpaceX succeeds in an initial public offering as soon as next year, where it’s targeting a valuation of US$1.5 trillion.
International

Elon Musk’s fortune soars above US$600 billion on new SpaceX valuation

The company is the biggest player in the orbital launch industry with its Falcon 9 rockets

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