Topic
private company
Finance SpaceX Engineer Sells $23m Stake: 'Every Chance I Get, I'll Sell a Little More'
Andre Lavoie, a SpaceX engineer since 2009, plans to sell his 200,000 shares worth about $23m as the firm's stock is released in stages from 6 August. The record Nasdaq IPO valued SpaceX at more than $2 trillion, but heavy AI spending and a net loss have spooked investors. Analysts are split on the valuation, with some warning AI-linked firms are overdone.
Finance SpaceX's first earnings: Revenue soars to $7.8 billion in debut results
SpaceX reported a net loss of $541 million on revenue of $7.8 billion for Q2, beating Wall Street expectations by more than half. Revenue surged over 90% year over year, driven by Starlink, while infrastructure and R&D spending jumped to $18 billion.
Finance SpaceX Share Price Falls Below IPO Price, Down 41% From Peak in Volatile Trading
SpaceX's share price dropped to $132.62 on Wednesday, below its initial public offering price of $135, and has fallen 41% from its post-float peak, BBC News reported. The decline reverses an initial frenzy that valued the company above Amazon and Microsoft and made Elon Musk the world's first trillionaire. If the price holds or falls further, investors who purchased at the IPO stand to lose money.