Cambodian authorities have arrested a prominent businessman featured in a 2023 BBC Eye investigation into alleged online scam operations as part of a wider effort to tackle organised online fraud. Kuong Li, a 50-year-old Cambodian national, was charged with illegal recruitment for exploitation
Motorola is already working on the refreshed lineup. Recently, the company introduced the Edge 70 and is now planning to introduce its all-new Signature series. And that's not all. Lenovo's sub-brand will also be introducing new devices, including the Motorola Edge 70 Fusion
Usha Vance: The couple said they were excited to share the news of their fourth child, who will join their other three young kids: Ewan, Vivek and Mirabel. WASHINGTON: Vice President JD Vance and his wife, second lady Usha Vance, are expecting a son in late July
A rare wedding in China has gone viral after twin brothers married twin sisters, with the families later discovering even more surprising twin connections. An extraordinarily rare wedding has taken place in China, where twin brothers married twin sisters. Adding to the uniqueness of the occasion
(Bloomberg) -- Anthropic's Chief Executive Officer Dario Amodei compared artificial intelligence chips to nuclear weapons. Google DeepMind's CEO said China's technology is just months behind the US. Signal's Meredith Whittaker called new adaptations of AI uniquely “perilous
Muhammed Amin is beside himself with grief and despair. His brother, Naveed Memon, was inside Gul Plaza when a massive fire ripped through the densely-packed shopping centre in Pakistan's commercial capital, Karachi. Like dozens of others, he still hasn't been found
Meet Veronika, a brown cow from a quiet mountain village in Austria who has quietly rewritten what scientists thought they knew about cattle. Using sticks, rakes and even deck brushes, Veronika has mastered the art of scratching herself so precisely that researchers now say she is the first cow
America is known as the land of big cars and even bigger SUVs but Donald Trump has an idea that could change that. The president wants to bring to the US tiny vehicles, like those commonly seen on the streets of Japan, in the form of mini hatchbacks and vans half the size of a Ford F-150 pickup
Why SpaceX’s IPO plan is generating so much buzz
Why SpaceX’s IPO plan is generating so much buzz
More than 20 years after founding SpaceX, the record-breaking company that transformed the global space industry, Elon Musk is planning to take the enterprise public.
Here is a look at what is expected to be the largest IPO in history.
SpaceX is owned by Elon Musk alongside several investment funds. Tech giant Alphabet, Google's parent company, is also among the space company's shareholders.
A public listing would open SpaceX to a broader and more diverse pool of investors, including individual buyers, while giving existing shareholders an easier path to cash out and realise substantial capital gains.
"This is a capital intensive business," Matthew Kennedy of Renaissance Capital investment management firm told AFP.
SpaceX has never had any difficulty raising funds in the private market, but public markets are undoubtedly larger. Liquidity is important as well, it can help with making acquisitions.
According to Bloomberg and the financial data platform PitchBook, the IPO could raise more than $30 billion, an unprecedented sum for a deal of this kind and far more than the $10 billion the company has raised since its inception.
This would bring its total valuation to $1.5 trillion.
The IPO comes amid a boom in the space industry.
Worth $630 billion in 2023, the sector is expected to triple in size by 2035, according to the consulting firm McKinsey and the World Economic Forum.
And SpaceX, which dominates the space launch market with its reusable rockets and owns the largest satellite constellation through Starlink, has a unique appeal.
It's "kind of a black swan event and unique so that we can't draw too many parallels across the whole space economy," Clayton Swope of the Center for Strategic and International Studies (CSIS) told AFP.
Its unique status is also tied to its CEO Musk, the world's richest person, who is also the CEO of Tesla and xAI.
Musk has already pushed Tesla's valuation far beyond that of Toyota and Volkswagen despite selling five to six times fewer vehicles.
This is the question on everyone's mind, as the billionaire had long dismissed such a possibility. Since its founding in 2002, SpaceX has held a special place for the billionaire, given his ambition to colonise Mars.
This goal reflects the company's priorities, which include developing Starship, the largest rocket ever built for missions to the Moon and Mars, as well as plans to build space-based data centers for artificial intelligence (AI).
A stock market listing could provide new liquidity that would support all of these projects.
The answer is pretty straightforward," said Swope. "He wants to accelerate the flywheel for his vision of humanity on Mars.
The influx of capital from an IPO will come at a price: going public will require SpaceX and Elon Musk to maintain greater transparency, particularly about its revenues, and could increase pressure to deliver profits.
"I speculate that would ground SpaceX somewhat in the near term," said Mason Peck, an astronautical engineering professor at Cornell University.
The company's risk-taking approach of experimenting with unproven technologies and frequent prototype launches to learn from mistakes could be constrained by the expectations of new shareholders.
Will they become the same as any other aerospace company and ultimately mired in conservatism and legacy solutions?" Peck said. "That's entirely possible. I hope it doesn't happen.
Swope, however, sees such a scenario as unlikely.
"I think they are willing to take that risk and willing to let Elon Musk and SpaceX have this vision, because that is integral to what makes SpaceX also a successful business," he said.
Published - December 15, 2025 10:46 am IST
technology (general)
Source: TheHindu
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