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When IPOs go wrong: SpaceX, AI firms face a delicate process

When IPOs go wrong: SpaceX, AI firms face a delicate process SAN FRANCISCO, June 3 : Beware the ghosts of IPOs past. SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind. That will put the companies' chiefs in the sights of the buttoned-down world of Wall Street, even as they sell moonshots in the form of rockets and artificial intelligence software that occasionally makes up answers.

Channel News Asia 7d ago

Goldman Sachs expects SpaceX's AI revenue to surge 100-fold by 2030, FT reports

Goldman Sachs expects SpaceX's AI revenue to surge 100-fold by 2030, FT reports June 4 : Goldman Sachs expects revenue from SpaceX's AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank's forecasts shared with a potential investor, the Financial Times reported on Thursday. The investment bank estimates SpaceX's total revenue to reach $474 billion in 2030 from $18.7 billion last year, the report added. Goldman's forecasts show that the...

Channel News Asia 6d ago

Wall Street Sees SpaceX’s AI Revenue 100 Times Higher by 2030

SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing.

Bloomberg Markets 5d ago

Wall Street Sees SpaceX’s AI Revenue 100 Times Higher by 2030

SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing.

Bloomberg Technology 5d ago

SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO

SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO June 5 : SpaceX said on Friday it has entered into a multi-year cloud services agreement with Alphabet's Google, locking in computing capacity as it prepares for its highly anticipated U.S. stock market debut next week. As part of the deal, Google will pay SpaceX $920 million monthly from October this year to June 2029, with capacity ramping up through September at a reduced fee, Elon Musk's space venture said in a U.S....

Channel News Asia 5d ago

Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology

Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology June 8 : SpaceX CEO Elon Musk said on Monday that building orbital AI data centers is not a difficult engineering challenge as the company prepares for its blockbuster IPO this week. The billionaire said that much of the required technology already exists in its current Starlink satellite network. "Part of what we want to convey here is that there is not some magic that is necessary, that doesn't exist," Elon...

Channel News Asia 1d ago

Wall Street needs a crash course in the token economy ahead of AI IPOs. SpaceX offers a preview

When OpenAI and Anthropic eventually exit the confidential IPO filing phase and make their prospectuses public, investors are going to be inundated with references to a term that remains unfamiliar to many on Wall Street: tokens. They're the new currency in artificial intelligence. They're how the big model companies get paid.

CNBC 5h ago

Goldman Sachs expects SpaceX’s AI revenue to surge 100 times by 2030

Projections by the Wall Street bank underpin the $1.78tn valuation group is pitching in IPO

Financial Times 6d ago

Wedbush's Ives on AI Rally, SpaceX IPO

Bloomberg Markets 7d ago

AI coding startup Cursor, courted by SpaceX, picks London as European hub

AI coding startup Cursor, courted by SpaceX, picks London as European hub LONDON, June 9 : AI coding startup Cursor, which SpaceX has an option to buy for $60 billion, will open its European headquarters in London and hire some 200 staff, an executive told Reuters, as demand in the region grows for tools that automate software development. Elon Musk's SpaceX, which is readying for a closely watched IPO this week, said in April it had secured an option to either acquire code-generation...

Channel News Asia 1d ago