SpaceX, or Space Exploration Technologies Corp., founded in 2002, is an American space technology company and a dominant launch provider. It designs, manufactures, and launches advanced rockets and spacecraft, including the Falcon 9, Falcon Heavy, Dragon spacecraft, and Starship. SpaceX partners with organizations like NASA and the United States Armed Forces and is known for its advancements in reusable launch vehicles, human spaceflight, and satellite constellation technology like Starlink. Key words: launch provider, reusable rockets, space exploration, Starlink, Falcon, Dragon, Starship, NASA.
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SpaceX flew Starship Version 3 for the first time during Flight 12 last week.
SpaceX, Amazon Leo, and Logos Space Services hold conditional authorizations folded into the two processing rounds.
Flight 12 launched from a newly constructed second launch pad at SpaceX’s Starbase facility in southern Texas.
The Artemis III crew will assist in development and operations of both the SpaceX and Blue Origin lander test articles.
Starship Version 3 uses three larger grid fins, an integrated hot-staging design, and a new interstage configuration that SpaceX calls Block 3.
About $50 billion worth of SpaceX shares were traded on the first trading day.
SpaceX has current revenues of $18.7 billion.
SpaceX has a 2035 revenue target of $1.1 trillion.
SpaceX shares closed at $176.52 on June 12.
SpaceX is forecast to grow its revenues to $360 trillion by 2035.
SpaceX would need heroic annual growth of around 50 percent to grow from $18.7 billion in revenues to its 2035 target of $1.1 trillion.
SpaceX’s stock rose 30% on its first trading day.
KGI Securities rates SpaceX stock as Outperform and has a target price of $227 per share.
Elon Musk’s personal wealth is expected to be well north of $1 trillion based on SpaceX’s share price.
Oppenheimer rates SpaceX stock as Outperform and has a target price of $190 per share.
SpaceX added 83.33 million shares at $135 per share for underwriters to market to investors.
SpaceX reached a valuation of $2.3 trillion.
SpaceX’s stock listing is trading on NASDAQ.
SpaceX is expected to raise roughly $75 billion in fresh capital from the IPO.
Gwynne Shotwell said SpaceX will put its first advanced artificial intelligence satellites, called AI1, into orbit at the end of 2027.