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SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention

SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention NEW YORK, June 3 : SpaceX publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk’s determination to raise record sums his way. The company’s decision to publish a price a week ahead of its landmark offering has few if any precedents among major U.S. IPOs, and reflects Musk’s standing in the financial...

Channel News Asia 6d ago

Don’t repeat 5G mistakes with 6G, plead mobile operators

A body that represents mobile operators wants the migration to 6G networks to be as smooth as possible, learning lessons from the fractious 5G introduction that has left countries like the UK with a less than satisfactory service. The Next Generation Mobile Networks Alliance (NGMN) says that 6G requires a different standardization approach in order to prevent complexity and market confusion, alongside a smooth and cost-effective migration path for its members. What exactly defines 6G is...

The Register 7d ago

Elon Musk's SpaceX aiming to raise $75bn in record IPO

Elon Musk's SpaceX aiming to raise $75bn in record IPO June 4, 2026SpaceX, the aerospace and satellite communications company headed by US tech billionaire Elon Musk, is planning to raise around $75 billion (€64.6 billion) through what would be a record-breaking initial public offering (IPO), according to a regulatory filing released Wednesday. SpaceX intends to offer 555,555,555 shares at an initial price of $135 per share in an offering which, based on approximately 13 billion shares...

Deutsche Welle 6d ago

Satellite phone dreams orbit reality as direct-to-cell usage set to underwhelm

Mobile telcos are linking up with satellite operators to extend coverage beyond their cell towers reach, but actual usage of the technology may fall short of industry expectations. That's the view of Juniper Research, which forecasts monthly active direct-to-cell (D2C) users will grow from 17.4 million in 2026 to 133 million by 2031. Strong growth, but Juniper warns real-world adoption will likely disappoint: D2C is inherently niche, kicking in only when terrestrial signal fails, and it does...

The Register 8d ago