Elon Musk’s SpaceX Valued at $800 Billion, as It Prepares to Go Public

SpaceX has informed its staff that it is preparing for a potential initial public offering (IPO) next year, with a disclosed stock price suggesting a valuation of $800 billion. This announcement indicates the company's readiness to transition from a private entity to a publicly traded company.

Elon Musk's social media platform, X, has been fined €120 million by the European Commission for breaching new digital laws, including deceptive practices related to verification badges. This fine has sparked a confrontation between Musk and European regulators, reflecting ongoing tensions in the tech industry regarding compliance with stringent regulations.

SpaceX, the private space exploration company founded by Elon Musk, is reportedly preparing for a significant initial public offering (IPO) that could occur as early as mid-2026, targeting a valuation of approximately $1.5 trillion. This IPO is expected to raise significantly more than $30 billion, potentially making it one of the largest in history.

The S&P 500 index reached a record high as investors dismissed concerns regarding Oracle's disappointing earnings report, which highlighted a significant drop in cloud sales. This positive movement in the stock market reflects a recovery from previous downturns and a renewed investor confidence.