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Business

SpaceX posts smaller loss despite scrutiny over rocket and AI spending

The rocket and satellite company beat Wall Street's loss forecasts in its first quarterly report as a public company, even as investors question its heavy AI spending and whether Elon Musk has oversold its prospects.

Business

Elon Musk's X adds banking service in 'everything app' push

Elon Musk's social media app X on Monday began offering its X Money banking service to all US subscribers of its paid Premium and Premium+ tiers, part of the multi-billionaire's ambition to turn the site into an "everything app."

Culture news

Epic fail? Elon Musk to make Grok AI ‘Odyssey’ film by the end of 2026

Elon Musk's anti-Odyssey campaign has gone to the next level, as the X owner has vowed that his AI social media bot, Grok, will make “a full-length movie of The Odyssey that is historically accurate and true to the art of Homer”. ETA: "Before this year ends."

Space

NASA warns SpaceX rocket debris may hit Moon

In August, parts of a SpaceX rocket are expected to slam into the Moon. The collision was not planned, but experts are monitoring it. Will the impact be visible from Earth?

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Space

Four engine failures abort Starship's 13th launch bid at the last second

The world's biggest rocket was grounded Thursday when four of its 33 engines failed to ignite, leaving SpaceX to replace two engines ahead of a new launch attempt early next week.

Europe News

'Marine Le Pen is France's last hope', says Musk

In a post on X on Wednesday, Elon Musk backed Marine Le Pen ahead of France’s presidential vote, prompting claims of foreign interference and electoral risk.

Space

SpaceX has quietly launched a spacecraft almost no one knew existed

Rumours have circulated that it could be used to transport military hardware.

Markets

SpaceX sheds $600 billion in three days and turns to the bond market

SpaceX shares have fallen for a third straight session, sinking to their lowest level since the firm's market debut and wiping out most of the spectacular gains made after its IPO, just as it launches its first-ever bond sale.

Business

From $500 to $1tn: How Elon Musk built his fortune

From a video game sold for $500 (€430) as a teenager to a business empire spanning rockets, electric vehicles, AI and brain implants, Elon Musk has spent decades building companies that have reshaped multiple industries. Here's a look at the businesses behind the world's richest man.

Markets

SpaceX lands investment-grade ratings as shares tumble

SpaceX has been awarded investment-grade credit ratings by all three major agencies just days after its record stock market debut, even as its newly listed shares slid sharply on Thursday.

Europe News

Row between Elon Musk and Germany's ZDF sparks major controversy

German broadcaster ZDF has reacted to a cease-and-desist suit from Elon Musk, deleting a line from a programme intro over his links to UK right-wing activist Tommy Robinson.

Markets

SpaceX overtakes Amazon to become world's fifth most valuable firm

Just three trading days after its record IPO, SpaceX has leapfrogged Amazon to become the world's fifth most valuable listed company, with its shares briefly carrying it past Microsoft during a frenetic Tuesday session.

Business

SpaceX buys coding startup Cursor for $60bn in major AI push

SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO.

Markets

Investors look beyond the 'Magnificent 7' and embrace the 'FAB 10'

SpaceX's record-breaking market debut has pushed Wall Street to widen its favourite shorthand of the so-called 'Magnificent 7', with strategists folding Elon Musk's firm, OpenAI and Anthropic into a new 'FAB 10' label that captures the next phase of the AI trade.

Markets

SpaceX starts trading after the largest public offering in history

Elon Musk's SpaceX began trading on the Nasdaq this Friday under the ticker SPCX, following a record $75bn (€65bn) capital raise that valued the AI and space firm at about $1.78 trillion (€1.54trn).

Europe News

Euroviews. Elon Musk's SpaceX IPO: the capitalist space revolution begins

World’s biggest IPO: Elon Musk wants to raise $75bn for SpaceX, making him Earth’s first trillionaire, as Rainer Zitelmann explains in an opinion piece for Euronews how it came about and what happens next.

Markets

SpaceX's stock market debut: Five risks investors need to know

SpaceX makes its Nasdaq debut this Friday in the largest flotation in history, but analysts warn that a sky-high valuation, weak shareholder rights and mounting losses could leave retail investors exposed.

Business

SpaceX IPO could make thousands of employees millionaires

The stock market debut of Elon Musk's AI and space company could make thousands of SpaceX employees significantly wealthier, including some of the firm's lowest-paid staff.

Markets

SpaceX IPO: What European retail investors need to know

SpaceX is expected to make its stock market debut on Friday in what could become the largest IPO in history. Here's how retail investors in Europe can participate and the risks they should consider.

Business

SpaceX targets biggest IPO in history with $1.75tn valuation

The company said on Wednesday that it plans to list its shares at $135 each. The offering would value SpaceX at around $1.77tn (€1.56tn), making it one of the world's most valuable listed companies and potentially the largest IPO in history.