It's finally happening. After years of speculation, Elon Musk's ******* eX could begin trading on the Nasdaq stock exchange on June 12. ******* eX plans to sell 555.6 million shares at a firm $135 per share, valuing the company at approximately $1.8 trillion. Additionally, ******* eX is allocating 30% of the shares to individual investors (via select retail brokerages), making the stock far more accessible than many IPOs.
It is shaping up to be a huge event, marking the largest IPO in history. ******* eX is the most prominent ******* e stock, but in typical Elon Musk fashion, the company has its sights set on a multitrillion-dollar market opportunity that's literally out of this world. Here's what else you need to know.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Most people know that ******* eX launches rockets into ******* e, or maybe they have heard of Starlink. But ******* eX has been a private company throughout its existence, so the actual breakdown of the business and its financials haven't been as clear until recent regulatory filings. ******* eX has three operating segments: ******* e, connectivity, and artificial intelligence (AI).
The ******* e segment includes launch services using its Falcon 9 and Falcon Heavy reusable rockets. ******* eX currently accounts for approximately 80% of the world's mass (cargo and crew) launched to orbit. Its connectivity segment houses Starlink, which provides satellite broadband across 164 countries. Lastly, its AI segment includes its Colossus data centers and xAI (Grok AI and X, formerly Twitter), which was acquired earlier this year.
It is shaping up to be a huge event, marking the largest IPO in history. ******* eX is the most prominent ******* e stock, but in typical Elon Musk fashion, the company has its sights set on a multitrillion-dollar market opportunity that's literally out of this world. Here's what else you need to know.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Most people know that ******* eX launches rockets into ******* e, or maybe they have heard of Starlink. But ******* eX has been a private company throughout its existence, so the actual breakdown of the business and its financials haven't been as clear until recent regulatory filings. ******* eX has three operating segments: ******* e, connectivity, and artificial intelligence (AI).
The ******* e segment includes launch services using its Falcon 9 and Falcon Heavy reusable rockets. ******* eX currently accounts for approximately 80% of the world's mass (cargo and crew) launched to orbit. Its connectivity segment houses Starlink, which provides satellite broadband across 164 countries. Lastly, its AI segment includes its Colossus data centers and xAI (Grok AI and X, formerly Twitter), which was acquired earlier this year.
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