Spacex

SpaceX is a privately owned aerospace company founded in 2002 by Elon Musk. SpaceX has successfully launched numerous missions for both private and government clients. The company's key executives include Elon Musk as CEO and Gwynne Shotwell as President and COO. Competitors in the industry include Boeing, United Launch Alliance, and Blue Origin.
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Art by Clark Miller.
The Briefing

Sell SpaceX, Buy Tesla?

By Theo Wayt · Jun 22, 2026 5:05pm PDT
Here’s a question: If you’re an investor who wants exposure to Elon Musk, is SpaceX or Tesla a better bet? Today, the answer seemed to be Tesla, with shares in the electric automaker climbing 1% to $405.05 as SpaceX shares tumbled 16% to $154.60. SpaceX shares are still above their IPO price of $135 per share, but today was their third... Here’s a question: If you’re an investor who wants exposure to Elon Musk, is SpaceX or Tesla a...
Sunday Insights

SpaceX’s 74-Day IPO Sets Pace for OpenAI, Anthropic

By Cory Weinberg · Jun 21, 2026 8:00am PDT · 2 comments
SpaceX’s strong first week of trading made one thing clear: Racing through its IPO at warp speed cost it nothing. The company went from initial confidential filing to listing in just 74 days, much faster than other tech IPOs in recent years, including those of CoreWeave, Figma and Airbnb, an analysis of securities filings shows. Initial public... SpaceX’s strong first week of trading made one thing clear: Racing through its IPO at warp speed...
Photo via Castelion
Exclusive

Missile Startup Founded by SpaceX Alumni Targets $12 Billion Valuation

By Leo Schwartz and Julia Hornstein · Jun 17, 2026 2:52pm PDT
Castelion, a nearly four-year-old startup that makes hypersonic missiles, is aiming to raise a new funding round at a valuation of $12 billion or more, including the money raised, according to two people with knowledge of the fundraising efforts. The company’s target would be at least four times the valuation of its last funding round in... Castelion, a nearly four-year-old startup that makes hypersonic missiles, is aiming to raise a...
Elon Musk. Krisztian Bocsi/Bloomberg via Getty Images.
The Briefing

SpaceX Makes AI Advances, With a Little Help From Cursor

By Martin Peers · Jul 8, 2026 5:01pm PDT
How about that? SpaceX’s AI unit is rolling out some AI products of value to businesses. On Wednesday, SpaceXAI—as the unit is called—and its soon-to-be subsidiary Cursor jointly introduced Grok 4.5, a model “built for coding, agentic tasks and knowledge work.” A week ago, SpaceX introduced a “Voice Agent Builder” enabling small businesses to... How about that? SpaceX’s AI unit is rolling out some AI products of value to businesses. On...
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SpaceX

How Musk Kept Bankers Guessing in Sprint to SpaceX IPO

By Valida Pau · Jun 12, 2026 12:43pm PDT · 1 comment
High up in Goldman Sachs’ downtown Manhattan headquarters Thursday afternoon, bankers from Goldman and Morgan Stanley, together with SpaceX executives, toasted the pricing of SpaceX’s IPO over glasses of Champagne. In many ways, it was a replay of hundreds of other such celebrations. But the SpaceX IPO was anything but normal. For seven months,... High up in Goldman Sachs’ downtown Manhattan headquarters Thursday afternoon, bankers from...