Elon Musk’s SpaceX Valued at $800 Billion
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SpaceX, the Elon Musk-owned aerospace company, is planning to go public next year with a potential $1.5 trillion IPO, which would set a new record for a new public offering and have a huge impact
Eleven years after Musk promised an $85 million investment, SpaceX has surpassed that goal by about 16,000%. The company has had a $13 billion economic impact and created more than 24,000 jobs, according to a Cameron County report. But those figures came from SpaceX, and neither the county nor the company provided data to substantiate the claims.
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SpaceX is sued after a valve explosion injured workers in Freeport
Workers at a SpaceX facility in coastal Texas are taking the company to court after a valve exploded inside a machine shop and left employees injured. The lawsuit, filed in BRAZORIA COUNTY, TEXAS, focuses on what happened inside the Freeport operation and whether the company did enough to protect the people who keep its hardware
The company expects to generate about $15 billion in revenue this year, with most of it coming from its Starlink satellite internet service.
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SpaceX appears to be on the cusp of another Starship launch. The upper stage portion of the world's largest rocket was recently moved to the launch pad at the company's Texas headquarters as SpaceX makes preparations to conduct another flight test.
A subcontractor says he was crushed by a metal support, breaking his hip, knee, and tibia. He's suing SpaceX and the construction company that employed him.
A late-night SpaceX rocket launch is expected to lift off from Cape Canaveral on Sunday, Dec. 14. Here's how to watch from Palm Beach County.