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Musk says SpaceX report of 2026 IPO is 'accurate'
CNBC· 2025-12-11 19:02
Core Viewpoint - SpaceX is reportedly planning to go public in 2026, with a potential valuation of around $800 billion and aims to raise over $30 billion through the IPO [2]. Group 1: IPO Plans - SpaceX is looking to go public in 2026, as confirmed by Elon Musk, who described the report as "accurate" [1][2]. - The company is expected to pursue an IPO that could raise more than $30 billion [2]. Group 2: Valuation and Revenue Sources - Recent reports suggest a valuation of SpaceX at approximately $800 billion, although Musk has disputed this figure, stating it is "not accurate" [2][3]. - Musk clarified that NASA's contribution to SpaceX's revenue will be less than 5% next year, with Commercial Starlink being the largest revenue source [3]. Group 3: Industry Context - The rise of artificial intelligence and the potential for data centers in space are seen as significant factors driving the timing of SpaceX's IPO [1]. - Musk's leadership in both SpaceX and Tesla positions him to leverage government partnerships in the space program as the company approaches its IPO [4].
Trump says Musk has 'lost his mind' - as president considering selling his Tesla
Sky News· 2025-06-06 16:16
Group 1 - The relationship between Donald Trump and Elon Musk has deteriorated significantly, with Trump publicly criticizing Musk and stating he has "lost his mind" [1][3] - A White House official confirmed that Trump is not interested in speaking with Musk and that no phone call is planned, indicating a lack of resolution to their ongoing feud [2][6] - Musk has expressed dissatisfaction with Trump's tax bill, which he labeled as a "big ugly spending bill," leading to a public exchange of accusations between the two [3][4] Group 2 - The conflict has negatively impacted Tesla's stock, which fell by 14.3% on Thursday, resulting in a loss of approximately $150 billion in market value [10] - Musk has threatened to decommission SpaceX's Dragon spacecraft in response to Trump's threats regarding government contracts, although he later decided against this action [11] - The feud follows Musk's recent departure from a government position where he led a cost-cutting initiative, suggesting a shift in his involvement with government affairs [13]