Elon Musk recently postponed a scheduled interview with CNBC’s Julia Boorstin, where he was expected to discuss Tesla, a historic SpaceX initial public offering, and the launch of the company's latest Grok artificial intelligence model. Tesla’s Production and Delivery Performance Tesla reported 480,126 vehicle deliveries during the second quarter, exceeding the 406,600 deliveries analysts had … Read more
SpaceX’s initial weeks as a public company have been defined by extreme market volatility, with shares surging over 60% above the $135 IPO price before facing a sharp 16% slump. According to data from Vanda, retail investors poured a net $405 million into the stock during the first five trading sessions, driven by the “cult … Read more
SpaceX successfully launched its new Starfall reentry capsule Tuesday morning, marking a shift toward routine, uncrewed logistics for microgravity research and in-space manufacturing. The capsule deployed from a Falcon 9 rocket at Cape Canaveral Space Force Station, according to company mission documents. While the launch signals a new operational capability for SpaceX, the broader space … Read more
SpaceX shares offer a long-term investment opportunity for those willing to look past current financial performance, according to CNBC’s Jim Cramer. Following its Nasdaq debut, the company reached a $2.1 trillion market capitalization. Investors prioritizing future space exploration over near-term earnings should view stock pullbacks as potential buying opportunities, Cramer noted. Why is the SpaceX … Read more
SpaceX has set its initial public offering at $135 per share, establishing a market valuation of approximately $1.77 trillion. This valuation positions the company as one of the largest public entities globally, surpassing the gross domestic product of Saudi Arabia. While SpaceX remains the dominant force in commercial space flight and satellite infrastructure, investors are … Read more
Prada has officially signaled its move into the space industry by unveiling a specialized inner-layer garment designed for NASA astronauts. Developed alongside Houston-based Axiom Space, the Liquid Cooling and Ventilation Garment represents a strategic pivot for the Italian fashion house, aiming to capture the attention of affluent consumers while positioning the brand at the forefront … Read more