SpaceX just filed for what could be the biggest IPO ever

Rocket launching with graphic of constellations.

Elon Musk's final frontier is officially open for business now that SpaceX has formally filed its S-1 prospectus with the SEC. That kicks off what could be the largest initial public offering ever when it lists on the Nasdaq stock exchange with the ticker SPCX.

SpaceX generated $18.67 billion in revenue in 2025, driven largely by its Starlink satellite internet service, which brought in more than $11 billion, as reported by The Wall Street Journal. The company lost over $4.9 billion last year, with capital expenditures soaring to $20.7 billion last year, a leap from $11.2 billion in 2024, as reported by The New York Times. xAI, which recent …

Read the full story at The Verge.



from The Verge https://ift.tt/8wUW5NE

Comments

Post a Comment

Popular posts from this blog

Gemini app finally expands to audio files

Image
Google made three major updates to its Gemini-powered products on Monday: The Gemini app now accepts audio files; Search can handle five new languages; and NotebookLM creates reports in the form of blog posts, study guides, quizzes, and more.  According to a Monday post on X by Josh Woodward, vice president of Google Labs and Gemini, audio file compatibility was the “#1 request” to the Gemini app.  Free Gemini users max out at 10 minutes of audio, and five free prompts each day. AI Pro or AI Ultra users, meanwhile, can upload audio up to three hours in length. All Gemini prompts accommodate up to 10 files across various file formats, including within ZIP files.  Additionally, Google Search’s AI Mode has rolled out five new language options: Hindi, Indonesian, Japanese, Korean, and Brazilian Portuguese, thanks to the integration of Gemini 2.5 with Search, according to a company blog : “With this expansion, more people can now use AI Mode to ask complex questions in ...
Read more

Hilarious Indian PUBG video goes viral with over 10 million views under 24 hours

Image
The mobile version of Playerunknown's Battleground has become nothing sort of a sensation with over 20 million daily active users from all around the globe. It has been well received in India too, since the country was amongst the top three when it comes to the most number of players in Season 2 of the game. Now, the YouTuber, Ashish Chanchlani has published a new video that is based on his own experience while playing the game and most Indian PUBG Mobile players will find something that they can relate to in it. Titled “PUBG : Ek Game Katha,” the video will take you through an entertaining set of events. It has gone viral with over 10.5 million views under 24 hours. You can watch the video here but do note that Chanchlani is famous for throwing random cusses, so we suggest you watch it with a pair of headphones on. As of writing this article, the video is currently on the number 3 spot on YouTube’s trending list, in India. Right from the get-go, Chanchlani takes a jab at alm...
Read more

Amazon is offering a like-new Kindle Paperwhite 2024 for just $107

Image
With less than a week until Prime Day kicks off, we’re already seeing some exciting early deals pop up. And now we can add two more great discounts to the list: the refurbished ad-supported Kindle Paperwhite is down to $106.99 ($37 off) at Amazon , while the refurbished Kindle Paperwhite Signature Edition is $126.99 ($53 off) at Amazon . Both discounts bring the like-new e-readers to all-time lows — just in time to read Andy Weir’s Project Hail Mary before the movie adaptation hits theaters next year. Kindle Paperwhite (refurbished 2024) Where to Buy: $143.99 $106.99 at Amazon The Kindle Paperwhite is one of our favorite e-readers , especially for those who are already in the Kindle ecosystem. It offers a large 7-inch display, sharp 300ppi resolution, and an adjustable warm white front light, making it more comfortable to read in different environments. It’s also waterproof, so you can read while lounging by the pool, which I plan to do a lot of this summer. Meanwhile,...
Read more