… SpaceX was listed on the New York technology-focused Nasdaq market on Friday, and some of the big global investment institutions have been buying shares. …
… The listing on the technology-focused Nasdaq index is being viewed by some as a test case for other companies with private valuations nearing $1tn, including Anthropic and OpenAI. …
… Both OpenAI and Anthropic’s plans to list on the stock market follow those of SpaceX, the Elon Musk company set to debut on the Nasdaq on Friday at what the company expects will be a price per share valuing it at $1.75tn (£1.3tn). …
… SpaceX is expected to start trading on the Nasdaq stock index on 12 June, making its price estimate one of, if not the earliest price estimates, in stock market history. …
… SpaceX is expected to start trading on the Nasdaq stock index on 12 June, making its price estimate one of the earliest, if not the earliest, in stock market history. …
… The initial public offering (IPO) on the tech-heavy Nasdaq stock market is set to be the largest in Wall Street history and could start next month under the ticker symbol SPCX. …
SpaceX, owned by Elon Musk and private investors, has launched an initial public offering with shares trading on the stock market as of Friday, raising at least $75bn at $135 per share. The company, which operates in space exploration, satellite communication, and AI ventures, plans to use the capital to expand current activities and fund new ventures including asteroid mining, Mars colonisation, and space-based AI data centres.
SpaceX, owned by Elon Musk and private investors, has launched an initial public offering with shares trading on the stock market as of Friday, raising at least $75bn at $135 per share. The company, which operates in space exploration, satellite communication, and AI ventures, plans to use the capital to expand current activities and fund new ventures including asteroid mining, Mars colonisation, and space-based AI data centres.
SpaceX has raised $75bn from financial firms ahead of its initial public offering on Friday, with shares priced at $135 each and an expected initial stock market value of nearly $1.8tn. If shares trade at or above that price, SpaceX will immediately become one of the most valuable public companies in the world.
Asian stock markets suffered steep losses on Monday as investors grew concerned about overvalued artificial intelligence investments and a rise in oil prices following renewed Iran-Israel strikes. US markets recovered some losses with the Nasdaq closing up 0.9% and the S&P 500 up 0.3%, though South Korea's Kospi index fell 8.3% and Japan's Nikkei dropped 3.9%.
OpenAI has filed confidentially with the US Securities and Exchange Commission to pursue a future initial public offering, following rival AI company Anthropic's announcement of a similar plan one week prior. Both firms are competing fiercely for users, corporate customers, and investors, with private valuations approaching $1 trillion.
US stock markets declined sharply on Friday, with the tech-heavy Nasdaq dropping over 4%, the S&P 500 falling 2.6%, and the Dow Jones dropping 1.35%, as a strong jobs report raised fears that the Federal Reserve will keep interest rates higher for longer amid persistent inflation.
US stock markets tumbled on Friday as a strong April jobs report sparked fears the Federal Reserve will hold interest rates high longer, with the Nasdaq falling over 4%, S&P 500 down 2.6%, and Dow Jones down 1.35%. Bitcoin and other riskier assets also sold off sharply as investors repositioned away from tech stocks.
Ghanaian investors have historically favoured safety-focused investments like treasury bills and fixed deposits, but rising inflation and living costs now require more intentional growth strategies beyond capital preservation alone.
Elon Musk's SpaceX has announced a suggested share price of $135 in advance of its planned initial public offering, valuing the company at approximately $1.75tn and aiming to raise $75bn—which would be a record for an IPO if achieved.
Elon Musk's SpaceX said its shares should go for $135 each in an SEC filing, setting its valuation at roughly $1.75tn as it approaches an initial public offering set for next week. The move is unusual, as companies typically only share an estimated share price the day before trading begins.
SpaceX postponed its Starship rocket launch due to a malfunctioning hydraulic pin on the launch tower and plans another attempt on Friday. The delay comes as SpaceX prepares for a record-breaking stock market debut on Nasdaq, the largest IPO in Wall Street history, which could make Elon Musk the first-ever trillionaire.
The Executive Chairman of KGL Group has urged African leaders to build an investor-friendly ecosystem that attracts business champions to invest in digital innovation and infrastructure, arguing that alignment between government policy, private sector leadership, and financial institutions is necessary to deliver economic resilience and redirect investment into African digital infrastructure.