SpaceX Eyes $1T IPO, Starlink & Starship Boost

SpaceX, the rocket and satellite company, is reportedly planning a massive public stock offering, potentially one of the biggest in history. This move is driven by the rapid growth of its Starlink satellite internet service, which now includes plans for direct-to-mobile connections, and the progress of its Starship rocket program for missions to the Moon and Mars. SpaceX is offering shares to insiders at $421 each and is preparing for a possible IPO in 2026. The company aims to raise over $25 billion, which could boost its valuation to over $1 trillion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.