With SpaceX’s valuation expected to skyrocket, its CEO largely credits satellites, rocket launches — and the company’s plan to solve a major AI-industry problem.

Elon Musk denied reports that SpaceX is raising new funding at an $800B valuation, saying the company has positive cash flow and uses buybacks instead. He credited valuation growth to Starship and Starlink progress and global direct-to-cell spectrum gains.

The company has reportedly told investors and financial institution representatives that the IPO would include the entire company, including internet satellite provider Starlink.

Elon Musk's space company SpaceX suffered a major setback on Friday morning when a next-generation Starship booster prototype exploded.

SpaceX receives approval for new launch complex in Cape Canaveral for Starship, bringing it closer to enabling airport-like operations.

The suspicion is that Musk assumed throwing money and talent at the project could overcome the constraints of the ‘rocket equation’.

Cathie Wood's Ark Invest has projected that SpaceX (SPACE) could reach an enterprise value of approximately $2.5 trillion by 2030.

SpaceX is racing through the transition from its second-generation Starship hardware to a taller, more capable Version 3 just as Elon Musk begins sketching a future in which humanoid robots help build and even replicate the machines that carry humanity off-world.