Beyond Hype
The stock market’s romance with technological disruption has once again collided with an inconvenient reality: even the most visionary companies must eventually be judged by their ability to generate sustainable profits.
The stock market’s romance with technological disruption has once again collided with an inconvenient reality: even the most visionary companies must eventually be judged by their ability to generate sustainable profits.
SpaceX closed nearly 19 per cent above its IPO price on its Wall Street debut, pushing its valuation past $2.2 trillion and making Elon Musk the first person in history to reach trillionaire status.
The IPO pricing has reportedly increased Musk’s net worth to nearly $970 billion, placing him within reach of the trillion-dollar mark.
Elon Musk's reaction came to a report claiming that India's total fertility rate (TFR) has dropped below the replacement threshold of 2.1 children per woman for the first time in the history of the country.
The rapper took to X on Wednesday to ask for the return of its audio post feature. She addressed the request directly to Elon Musk with several choice words attached. The feature has been missing from the platform since early 2025.
Buying into the SpaceX IPO means funding Elon Musk's vision, not shaping it. Public investors get Class A shares with one vote each, Musk holds Class B shares worth ten votes apiece, giving him 85% of voting control.
None of the Amazon Leo satellites were integrated on the rocket at the time of the incident.
The proposed listing in the United States is expected to open public trading of SpaceX shares under the ticker symbol “SPCX” as early as next month, according to details emerging from the filing.
A California federal court sided with OpenAI after a jury found Elon Musk delayed filing his lawsuit challenging the company’s transition toward a for-profit structure.
Security personnel swiftly evacuated Trump and former First Lady Melania Trump from the stage as guests scrambled for cover under tables. The suspect was overpowered and taken into custody at the scene. Officials said he is believed to have acted alone, though investigations into his motive are ongoing.
