SpaceX, IPO and Elon Musk
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Elon Musk's space venture, SpaceX, is reportedly planning its public market debut with a June 12 Nasdaq listing, while a 5-for-1 stock split lowers the per-share price. SpaceX IPO Timeline Moves Ahead Faster Than Expected Musk's company plans to trade under the ticker "SPCX.
Baron Capital's Ron Baron thinks Elon Musk's SpaceX could eventually be "the largest company on the planet" with a market capitalization of $30 trillion.
Construction of SpaceX's Terafab chip factory in Texas could eventually cost up to $119 billion, a notably higher figure than analyst predictions.
Bitcoin, which is secured by a network of so-called miners who use powerful computers to validate transactions in return for newly issued bitcoin, uses as much electricity each year as some small countries, with its energy demands climbing along with its price as more miners join the network.