Startups & Venture
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Top analyst: 71% of SpaceX’s $2 trillion value rests on AI. Grok’s numbers are ‘almost comical’ by comparison
SpaceX’s $1.77 trillion IPO was, by any measure, historic. Whether it was justified is a different question. Keith Snyder, a senior equities analyst at the Center for Financial Research and Analysis, says he can only match SpaceX’s current $2 trillion market cap by factoring in “almost comical growth for AI” — and still falling short.…
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Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion
When SpaceX began trading Friday under the ticker SPCX, at a valuation of roughly $1.77 trillion, President and COO Gwynne Shotwell may very well have been wearing a little slip of paper in her shoes—a ritual she does when SpaceX launches things. It dates back to September 2008. Shotwell was in a Glasgow hotel bathroom,…
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SpaceX went from three consecutive rocket explosions and near-bankruptcy in 2008 to the biggest IPO in history
SpaceX’s IPO on Friday officially made it one of the most valuable companies in the world with a $2 trillion market cap—but getting to this point was no easy feat. Just over two decades ago, SpaceX was a fledgling startup sparked by an idea Elon Musk had after talking with his old college roommate. Speaking…
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Melinda French Gates’ advice to new IPO millionaires: ‘Give half your money away’
SpaceX just set a record for the largest-ever IPO, raising $75 billion at a $1.77 trillion valuation. OpenAI and Anthropic are soon to follow to the public markets. And with these three mega-IPOs will come a generation of brand-new millionaires and even billionaires. Like the ultra-wealthy who have come before them, they’ll have to figure…
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Founders Fund, Andreessen Horowitz, Valor, and the biggest VC winners from SpaceX’s IPO
The SpaceX IPO is a culmination—not only of the rocket and AI company’s journey but of a decades-long shift in venture capital. Consider: In 2002, the year Elon Musk founded SpaceX, venture capital was in the aftermath of the dotcom bust and far smaller as an industry than it is today. Though it’s hard to…
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With SpaceX IPO, Elon Musk is the world’s first trillionaire — but he mostly lives in a tiny home in south Texas. ‘There is no food in the fridge’
SpaceX stock is now public, cementing CEO Elon Musk’s status as the first trillionaire in history. But despite being the world’s richest person, he spends most of his time in a modest home near SpaceX headquarters. The rocket and satellite company raised $75 billion on Thursday in the largest IPO ever after offering more than…
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Elon’s wealth: 1 trillion dollar bills would stretch 97 million miles, to the moon and back over 200x
Catapulted by the market debut of his rocket company SpaceX, Elon Musk could become the world’s first trillionaire by the end of the day. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt ) of…
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Elon Musk’s wealth could double the economy of his native South Africa as world’s first trillionaire
Catapulted by the market debut of his rocket company SpaceX, Elon Musk could become the world’s first trillionaire by the end of the day. That level of wealth, all owned by just one person, was once unfathomable. Before Friday, the trillion dollar mark was reserved for measures like the GDP (or staggering debt ) of…
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SpaceX’s first employee, Tom Mueller, thinks the historic IPO is just the beginning
The guy who built SpaceX’s engines has thoughts on its IPO. Tom Mueller was employee No. 1 at SpaceX. He built the engines behind the Falcon 9 rocket that rewrote the economics of getting to orbit. Now, he runs Impulse Space, valued at $4.26 billion, which designs and manufactures space vehicles that move satellites from…
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SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders
SpaceX is shooting for the stars: a record-breaking $135 per share initial public offering that would value the company at $1.77 trillion. This is about seven-and-a-half times Alibaba’s inflation-adjusted valuation in 2014, which held the record before, and 15 times Facebook’s IPO, blowing modern service giants Uber and Airbnb out of the water entirely. SpaceX…