SpaceX | DD News

September 1, 2026 4:32 PM

SpaceX to set up turbine blade foundry in Texas to meet AI power demand

SpaceX is building a specialised in-house foundry in Texas to manufacture high-specification gas turbine blades and vanes, as the company looks to address a key bottleneck in power generation needed to meet rising electricity demand from artificial intelligence (AI) data centres. SpaceX CEO Elon Musk confirmed the plan on social media platform X, saying the company and Tesla are working to scale solar panel production but natural gas would remain necessary to meet power requirements for several...

June 12, 2026 9:46 AM

Musk’s SpaceX prices record $75 billion IPO at $135 a share

SpaceX on Thursday priced the biggest-ever U.S. initial public offering at $135 per share, making Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies. The IPO raised a record $75 billion on the sale of 555.56 million shares, valuing the space, satellite and AI provider at $1.77 trillion, a record for an initial offering. Thursday’s pricing caps off a months-long effort that realized Musk's most ambitious project yet even as he stood a handful of fina...

June 10, 2026 10:38 AM

NASA taps US astronauts, Italian for Artemis mission with SpaceX, Blue Origin mooncraft

NASA named three U.S. astronauts and an Italian astronaut on Tuesday to serve as the crew for its next Artemis mission, a spacecraft docking demonstration in Earth's orbit next year that will test moon landers from Elon Musk's SpaceX and Jeff Bezos' Blue Origin for the first time in space. NASA Administrator Jared Isaacman at a ceremony in Houston named U.S. astronauts Andre Douglas, Frank Rubio and Randy Bresnik and Italian astronaut Luca Parmitano of the European Space Agency as the crew for ...

June 4, 2026 10:52 AM

SpaceX sets $135 price for blockbuster IPO, upending Wall Street convention

SpaceX publicly set a $135 price for shares in its initial public offering on Wednesday, upending the longstanding Wall Street price-discovery apparatus and underscoring Elon Musk’s determination to raise record sums his way. The company’s decision to publish a price a week ahead of its landmark offering has few if any precedents among major U.S. IPOs, and reflects Musk’s standing in the financial world as an adventurer with a golden touch - even as the capital raise will value SpaceX at ...

May 22, 2026 9:53 AM

SpaceX scrubs launch of upgraded Starship from Texas, to retry Friday

SpaceX on Thursday scrubbed the launch of its 12th Starship rocket from Texas and said it will attempt the high-stakes test flight again on Friday, as Elon Musk's space company nears a record-breaking public listing. Starship V3, uncrewed and featuring dozens of upgrades tailored for rapid Starlink satellite launches and NASA moon missions, was to be a key test for the vehicle following months of testing delays. It is also poised to affect investor confidence ahead of what might be the biggest...

May 21, 2026 9:39 AM

SpaceX IPO filing lays bare losses and Musk control as it stakes future on AI

SpaceX took the wraps off its IPO filing on Wednesday, laying bare for investors just how much Elon Musk is losing on artificial intelligence while betting the company's future on transforming the rocket maker into an AI powerhouse. Much of its outlook relies on SpaceX dominating technologies and markets that do not yet exist – from Mars missions to AI data centers in space. For many, Musk's record turning Tesla into the most valuable auto company in the world and developing the world's firs...

May 6, 2026 9:58 AM

Musk wanted $80 billion to colonize Mars, OpenAI president testifies at trial

OpenAI's president testified on Tuesday that Elon Musk supported transforming the artificial intelligence startup into a for-profit company, but wanted full control in part to help him raise $80 billion to colonize Mars. The testimony by Greg Brockman came in the second week of a trial in California that could determine the future of OpenAI, which sparked a widespread craze over generative artificial intelligence after launching its ChatGPT chatbot in late 2022. OpenAI plans to spend $50 billi...

February 3, 2026 2:51 PM

SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. The transaction values SpaceX at $1 trillion, and xAI at $250 billion, according to a person familiar with the matter. Investors in xAI will receive 0.1433 shares of SpaceX for every share of xAI as part of the acquisition, this pe...

January 15, 2026 3:41 PM

SpaceX capsule with four astronauts, one ailing, splashes down safely off California

A SpaceX capsule carrying a four-member crew home from orbit in an emergency return to earth necessitated by an undisclosed serious medical condition afflicting one of the astronauts splashed down safely early on Thursday in the Pacific Ocean off California. The Crew Dragon capsule dubbed Endeavour parachuted into calm seas off San Diego at about 12:45 a.m. EST (0845 GMT), capping a 10-hour-plus descent from the International Space Station and fiery re-entry through Earth's atmosphere. Their r...

November 21, 2025 12:44 PM

Blue Origin unveils plan for bigger New Glenn rocket variant to take on SpaceX

Jeff Bezos' space company Blue Origin said on Thursday it will build a bigger, more powerful variant of its New Glenn rocket, drawing early plans for a family of orbital satellite launchers akin to the fleet of Falcon rockets from Elon Musk's dominant SpaceX. The new rocket, announced after New Glenn's second mission launched last week, will be called New Glenn 9x4, a name referencing nine engines that will power its first stage and four engines on its second stage. That is an increase of two e...