Australiaspace

SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter. Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling lower after consultations with advisers and investors, the people said, asking not to be identified as the information isn't public. Matthew Bloxham of Bloomberg Intelligence has more.

Blue Origin's New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the explosion and described it as "a very rough day" in a post on X. Bloomberg Intelligence analyst Matt Bloxham joined Caroline Hepker to discuss the implications.

NASA Administrator Jared Isaacman is laying out the ground work for building a new base on the moon. He says it will be done in phases, and infrastructure will be waiting for the astronauts who land there in 2028. He speaks on "Bloomberg Tech."

Space and satellite stocks are surging as SpaceX begins its IPO roadshow. Elon Musk's company filed last week for what stands to be the biggest initial public offering ever. On Friday, the company's Starship launched and successfully deployed mock satellites before returning to Earth safely. Bloomberg's Ed Ludlow reports.

SpaceX's Starship lifts off in a test of a new rocket designed to deliver Elon Musk's ambitions for human space travel, satellite internet and data centers in orbit. Ed Ludlow reports.

Space Capital Founder and CEO Chad Anderson discusses what's next for the industry of space exploration. He speaks with Romaine Bostick and Isabelle Lee on "The Close."

SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The rocket, satellite and artificial intelligence giant has reported a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter. Some investors remain doubtful whether the sum of Musk's aspirations for SpaceX are worth valuing at as much as $2 trillion. Bloomberg's Charlie Wells discusses on "The Pulse with Francine Lacqua."

Elon Musk's SpaceX has filed papers to go public on the Nasdaq under the symbol SPCX. SpaceX is targeting as much as $75 billion in its listing at a valuation of more than $2 trillion, people familiar with the matter have said. Ed Ludlow reports on "Bloomberg The Close."

SpaceX is expected to file paperwork for its massive initial public offering today. Goldman Sachs and Morgan Stanley are the leading banks. The target valuation is now above $2 trillion. Bloomberg's Bailey Lipschultz has more on what to expect.

"We've got to get the SpaceX IPO stuff going here pretty soon," Elon Musk said at a tech summit in Israel on Monday. He's looking to raise as much as $75 billion on a valuation of more than $2 trillion. Bloomberg's Anthony Hughes reports.