SpaceX has joined a growing cohort of companies that use dual class share structures to ensure many shareholders have little say in how they are run.
Category: Initial Public Offerings
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SpaceX Shares Are Slumping After After Its Blockbuster I.P.O.
The New York Times – Business:On Tuesday, SpaceX briefly fell below $150 a share, which is where the stock first began trading when the company listed publicly just over a week ago.
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How Much Is SpaceX Really Worth?
The New York Times – Business:The company’s deep commitment to Mars colonization and Elon Musk’s nearly total control make SpaceX stock an astonishingly speculative bet, our columnist says.
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SpaceX, OpenAI and Anthropic Race to Go Public
The New York Times – Business:SpaceX, OpenAI, and Anthropic, giants of the artificial intelligence sector, are rushing to test investor appetite in the stock markets.
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The Banks That Won a Piece of SpaceX’s Colossal I.P.O.
The New York Times – Business:Across Wall Street, bankers have been clamoring to lead what is expected to be the biggest-ever initial public offering.
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Cerebras, A.I. Chip Maker, Rises 89% in Market Debut
The New York Times – Business:Cerebras, a Silicon Valley maker of artificial intelligence chips, began trading on the stock market on Thursday, as SpaceX, OpenAI and Anthropic also take steps to go public.
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A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public
The New York Times – Business:Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.
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Why So Many People Already Own Shares of Elon Musk’s SpaceX
The New York Times – Business:Even before the rocket company holds a major initial public offering, many people own stock in it through so-called special purpose vehicles.
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Bill Ackman’s I.P.O., Pershing Square USA, Raises $5 Billion
The New York Times – Business:The initial public offering of Mr. Ackman’s new fund, Pershing Square USA, raised $5 billion.
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The Consequences of SpaceX’s Latest A.I. Moonshot
The New York Times – Business:Elon Musk’s rocket and satellite internet titan may pay $60 billion for an A.I. coding start-up. It further clouds SpaceX’s once-simple business plan.
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Musk’s SpaceX Goals Shift Ahead of Its I.P.O.
The New York Times – Business:As SpaceX prepares to go public, Mr. Musk has proposed moonshots that differ from the company’s original aim of reaching Mars.