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Investing.com -- Elon Musk’s SpaceX on Thursday said that it has priced its initial public offering at $135 per share on Thursday, raising $75 billion in the largest IPO in U.S. history.
EchoStar provides one of the few public market ways to get exposure to SpaceX before the IPO.
AST SpaceMobile gained attention after SpaceX identified the company as a competitor in satellite-to-mobile connectivity.
The rocket maker’s IPO filing outlines billions in AI spending, Starship development, and Elon Musk’s effort to combine launch systems, satellite internet, social media, and artificial intelligence under one company.
EchoStar has emerged as one of the leading plays on SpaceX since the company got a 2%-plus stake in Elon Musk’s company in return for some of EchoStar’s spectrum. The IPO could value SpaceX at $1.5 trillion to $2 trillion, making it one of the more valuable companies in the world. EchoStar stock has doubled since the initial spectrum deal in September and finished Monday at $136.45, down 0.5% on the session.
These companies own or plan to own a respectable stake in SpaceX.