Also known as: Space Exploration Technologies · Texas-based SpaceX
SpaceX — space exploration company owned by Elon Musk that completed record $85.7 billion Nasdaq IPO in June 2026, becoming world's fifth-most-valuable firm.
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Joy Online
… A representative of SpaceX, the Elon Musk company that now controls xAI, did not respond to a request for comment. …
US to safety test new AI models from Google, Microsoft, xAIJoy Online
… The white, flat terminals, paired with routers, provide internet access by connecting to a network of satellites owned by Elon Musk’s SpaceX company, allowing users to completely bypass Iran’s heavily controlled domestic internet. …
The clandestine network smuggling Starlink tech into Iran to beat internet blackoutSouth Korean chip maker SK Hynix raised $26.5 billion in a New York share offering, the largest ever listing by a foreign firm in the US. The company, which supplies memory chips to AI chip makers including Nvidia, sold 177.9 million American depositary shares at $149 each, with trading beginning on Nasdaq Friday.
7 hours ago · Joy Online →
South Korean chip maker SK Hynix raised $26.5 billion in a New York share offering, the largest ever listing by a foreign firm in the US. The company, which supplies memory chips to AI chip makers including Nvidia, sold 177.9 million American depositary shares at $149 each, with trading beginning on Nasdaq Friday.
7 hours ago · Joy Online →
Family Bank plc listed on the Nairobi Stock Exchange on June 23, 2026, with shares jumping 44.44% on the first trading day from an introductory price of KSh 18.00 to KSh 26.00, the largest primary listing from a homegrown financial institution in over 17 years. The listing occurs amid a broader IPO surge across Africa, with Ethiopia's Abay Bank also listing on the Ethiopian Securities Exchange in late June.
2 July 2026 · Joy Online →
A U.S. magistrate judge ordered Elon Musk to testify under oath in two class-action lawsuits accusing him of defrauding voters in swing states by promising a $1 million-a-day giveaway before the 2024 election. The judge also recommended that Musk and America PAC face a claim that they tricked voters into providing personal information, though a related breach-of-contract claim should be dismissed.
29 June 2026 · Joy Online →
Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX's public debut; his fortune fell to $957 billion from $1.11 trillion as SpaceX and Tesla shares retreated amid a broader technology stock downturn driven by concerns over artificial intelligence profitability.
24 June 2026 · Joy Online →
Technology stocks tumbled on Tuesday as markets questioned whether corporate AI adoption can justify current valuations, with the Nasdaq falling about 3% and semiconductor firms like Nvidia and Intel hit hardest after a sustained three-month rally.
23 June 2026 · Joy Online →
An analysis compares SpaceX's recent $75 billion IPO, which raised the stock above $200 per share and valued the company beyond $2 trillion, with Kasapreko's listing, examining whether investors should buy at current prices. The article notes SpaceX generated $18.7 billion in 2025 revenue while trading at an estimated 90 to 100 times sales, suggesting investors are buying future growth prospects rather than current business performance.
19 June 2026 · Business & Financial Times →
Amazon founder Jeff Bezos said at a Paris tech conference that AI will increase demand for human labour rather than replace workers, contradicting concerns from figures including former UK prime minister Rishi Sunak, who has warned of AI's impact on young people's job prospects.
17 June 2026 · Joy Online →
Elon Musk's SpaceX has overtaken Amazon to become the world's fifth-most-valuable firm, worth about $2.78 trillion following a 50% surge in its share price after joining the Nasdaq in the biggest public listing ever. The company's stock value now exceeds Amazon's $2.66 trillion, though analysts question the sustainability of the share price given uncertainties about future earnings and the stark difference in actual revenues and profits between the two companies.
16 June 2026 · Joy Online →
German public broadcaster ZDF removed part of a report claiming Elon Musk called for migrants to be hunted in Northern Ireland, conceding the wording was "misleading." The report followed violence in Belfast triggered by a knife attack that prompted unrest and international attention.
16 June 2026 · Joy Online →
SpaceX has agreed to buy AI coding start-up Cursor (Anysphere) for $60 billion days after its own record IPO on Nasdaq, which valued the rocket company at over $2 trillion. The acquisition follows a partnership agreement from April that gave SpaceX the option to either buy Cursor for $60 billion or pay $10 billion for work completed together.
16 June 2026 · Joy Online →
A federal judge in San Francisco dismissed xAI's lawsuit accusing OpenAI of stealing trade secrets related to its Grok chatbot, ruling xAI failed to show OpenAI induced a former engineer to divulge confidential information. The dismissal marks Musk's second legal loss against OpenAI in four weeks.
16 June 2026 · Joy Online →
SpaceX raised $85.7bn in total when it listed on Nasdaq, exceeding initial IPO proceeds of $75bn after underwriters exercised a greenshoe clause to sell an additional $10bn of shares in response to strong investor demand.
15 June 2026 · Joy Online →
Elon Musk achieved trillionaire status on Friday with an estimated net worth of about $1.11 trillion, according to Bloomberg, driven by a record-breaking SpaceX stock market debut and the rising value of his stakes in Tesla and SpaceX over the past six years.
13 June 2026 · Joy Online →
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.
12 June 2026 · Joy Online →
SpaceX raised a record $75 billion in its initial public offering on Thursday. Following the share sale, Elon Musk's net worth surpassed $1 trillion, making him the world's first trillionaire.
12 June 2026 · Joy Online →
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.
12 June 2026 · Joy Online →
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.
8 June 2026 · Joy Online →
Five astronauts on the International Space Station sheltered in a docked SpaceX Dragon spacecraft Friday after an air leak in the Russian segment worsened, while two Russian cosmonauts attempted repairs. The crew was ordered back onto the station after the repair effort.
5 June 2026 · Joy Online →
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.
4 June 2026 · Joy Online →
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.
3 June 2026 · Joy Online →
U.S. crude futures jumped around 2% to $95.40 a barrel as fresh hostilities flared in the Gulf after U.S.-Iran peace talks stalled, with Iran firing missiles at Kuwait and Bahrain that were thwarted or failed, while AI-driven stock rallies in Asia pushed Taiwan and Japan indexes to record highs.
3 June 2026 · Joy Online →
Anthropic, the company behind chatbot Claude, has filed confidential paperwork with the US Securities and Exchange Commission for an initial public offering this year, with a recently private valuation exceeding $965 billion. The move tests investor appetite for AI firms' valuations amid similar plans by SpaceX and reported consideration by rival OpenAI.
1 June 2026 · Joy Online →
SpaceX's xAI startup, which promises to capture a portion of a multi-trillion-dollar AI market, has seen its Grok chatbot flop with U.S. government customers. Federal inventory records show only three instances of xAI or Grok use among over 400 publicly identified government AI deployments, compared to 234 involving OpenAI's models, 33 involving Alphabet products, and 26 involving Anthropic's Claude.
25 May 2026 · Joy Online →
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.
22 May 2026 · Joy Online →
SpaceX aims to reach 10,000 launches annually within five years, according to FAA Administrator Bryan Bedford, who met with SpaceX President Gwynne Shotwell. The FAA said it would need to see improved reliability before approving such an expansion, as SpaceX conducted 170 launches in 2025 deploying about 2,500 satellites.
21 May 2026 · Joy Online →
Elon Musk's SpaceX has announced plans to go public on the US stock market under the ticker SPCX, in what could be the largest IPO in Wall Street history. The filing reveals SpaceX had $18.6bn in revenue last year but a net loss of $4.9bn, and with Musk's majority stake, the IPO could push his net worth above $1 trillion.
20 May 2026 · Joy Online →
Elon Musk has lost or settled multiple lawsuits recently, including a Monday loss against OpenAI and Sam Altman, settlements with former Twitter/X executives and employees, a case brought by Twitter investors, and a lawsuit against advertisers. A law professor suggests his deep financial resources may allow him to continue aggressive litigation despite the losses.
19 May 2026 · Joy Online →
A California federal jury unanimously found OpenAI not liable in Musk's lawsuit alleging the company strayed from its mission to benefit humanity, ruling that Musk brought his case too late.
18 May 2026 · Joy Online →
The Congressional Budget Office estimates Trump's "Golden Dome" missile defence system will cost about $1.2 trillion over two decades—far higher than the initial $175 billion estimate—though the system may be vulnerable to full-scale attacks by Russia or China.
13 May 2026 · Joy Online →
US President Donald Trump is expected to bring 17 top business and technology executives on his trip to China this week, including Tim Cook of Apple, Elon Musk of Tesla and SpaceX, and Larry Fink of BlackRock. The trip will include Trump's meeting with President Xi Jinping amid growing economic and technological tensions between the two countries.
11 May 2026 · Joy Online →