Spacex sets US$800 billion valuation, confirms 2026 IPO plans

Spacex sets US0 billion valuation, confirms 2026 IPO plans

The Musk-led company is targeting a valuation of about US$1.5 trillion for the entire company [TEXAS] SpaceX has authorised an insider share sale that values Elon Musk’s rocket and satellite maker at about US$800 billion, according to a company message seen by Bloomberg on Friday (Dec 12). The company also said that it’s preparing for…

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Musk’s X posts higher sales amid costly turnaround

Musk’s X posts higher sales amid costly turnaround

[NEW YORK] Sales at Elon Musk’s X jumped during the third quarter, but the social network is still dealing with significant costs – including from the firm’s restructuring – as the billionaire works to turn around the business he bought for US$44 billion. The company, formerly known as Twitter, reported US$752 million in revenue in…

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Ghost oil ships dock in Venezuela, showing challenge for US

Ghost oil ships dock in Venezuela, showing challenge for US

The International Energy Agency estimates the current oversupply at a record 3.8 million barrels a day [HOUSTON] Two so-called ghost oil ships are currently loading off the coast of Venezuela, highlighting the challenges the Trump administration faces trying to disrupt exports of the South American country’s primary source of revenue. The supertankers, the largest class…

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