Tesla and SpaceX are jointly developing a $16.8 billion semiconductor campus called Terafab in Grimes County, Texas, to produce memory and logic chips for vehicles, Optimus robots and spacecraft systems.
Tag: SpaceX
Posted inMarkets
SpaceX enters the Nasdaq-100 today, triggering .3 billion in forced index buying
SpaceX joins the Nasdaq-100 on 7 July under a rule change that shortens the eligibility window to 15 trading days, creating an estimated 4.3 billion dollars of forced buying from ETFs tracking the index.
Posted inTech
Reflection AI takes $6.3bn SpaceX compute deal as AI infrastructure concentrates
Reflection AI will pay SpaceX $150 million a month for Nvidia GPU access at Colossus 2, in a contract worth up to $6.3 billion through 2029.
Posted inMarkets
SpaceX stock falls 18% from its record high as IPO euphoria cools
SpaceX stock (SPCX) has retreated 18% from its $225.64 all-time high as rate-hike fears and the $60 billion Cursor acquisition weigh on the post-IPO rally.
Posted inMarkets
Crypto platforms promised SpaceX IPO access. No shares were delivered.
Binance, Bybit, Bitget, and MEXC refunded hundreds of millions in customer funds after their SpaceX tokenized stock campaigns collapsed on IPO day, exposing the limits of blockchain equity access.
Posted inMarkets
SpaceX buys AI coding startup Cursor for $60bn five days after its IPO
SpaceX announced a $60 billion all-stock acquisition of Cursor, an AI coding tool with $2.6bn in annualised revenue, just five days after its record-breaking Nasdaq debut.
Posted inTech
SpaceX-xAI’s $75 billion raise signals AI infrastructure is entering the public-market era
SpaceX-xAI’s record $75 billion IPO on June 12 marks the moment AI infrastructure financing moved from venture capital to public markets, with $30 billion in compute deals and a $1.77 trillion valuation setting the benchmark.
Posted inMarkets
SpaceX begins trading on Nasdaq at $135, completing the world’s largest ever IPO
SpaceX’s SPCX shares opened on the Nasdaq on June 12 at $135 per share, completing a $75 billion raise — the largest IPO in history — and valuing the merged SpaceX-xAI entity at $1.77 trillion.
Posted inMarkets
SpaceX is set to price tonight at $135 in the largest IPO on record
SpaceX has fixed its IPO at $135 per share for a $75 billion raise at a $1.75 trillion valuation—the largest listing in stock market history—before debuting on Nasdaq under SPCX on June 12.
Posted inMarkets
SpaceX sets June 11 IPO pricing at a $1.75 trillion valuation
SpaceX accelerated its Nasdaq listing to June 12 after a swift SEC review, targeting $75 billion raised at a $1.75 trillion valuation that would surpass every prior IPO in history.