The Sydney Morning Herald logo
The Sydney Morning Herald logo

IPO

Advertisement
Gine Rinehart with Elon Musk.

Gina Rinehart bets $1.4 billion on Musk with record SpaceX stake

The mammoth bet deepens Rinehart’s ties to Musk - the world’s first trillionaire - and US President Donald Trump.

  • David Swan

Latest

Antonio Gracias’ potential windfall from SpaceX shows how extreme wealth can be created by betting on one friend over and over — in this case tying himself to Musk, a once-in-a-lifetime wealth-generation machine, and holding on for dear life.

‘One could not ask for a better friend’: Elon Musk’s mate eyes $100 billion windfall

For 25 years, Antonio Gracias has dedicated himself to serving as one of Elon Musk’s most loyal lieutenants, doing anything and everything to aid the tech mogul. On Saturday, it’s payday.

  • Theodore Schleifer
Valuations are sky-high for AI companies like SpaceX, and keep rising. Can it continue?

SpaceX, Anthropic, OpenAI: What if one of the mega AI IPOs fizzles?

The companies driving artificial intelligence need access to ever-increasing amounts of capital at ever-increasing valuations. That makes them vulnerable.

  • Stephen Bartholomeusz
Earlier this month, Elon Musk’s SpaceX acquired his AI group, xAI, which gave the combined entity a valuation of $1.75 trillion.

Dreaming big: Elon Musk’s $2.5 trillion vision is about to become reality

The prospectus for the sharemarket float of SpaceX has been filed. The mega IPO’s real value lies in the eyes and hopes of the beholders, and their faith in Elon Musk,

  • Stephen Bartholomeusz
Elon Musk (right) lost his court battle against Sam Altman, head of ChatGPT’s parent company OpenAI.

Elon Musk’s OpenAI loss is the AI sector’s gain

The tech billionaire lost his attempt to neuter OpenAI. That’s probably a good thing for the entire artificial intelligence complex, including his own SpaceX.

  • Stephen Bartholomeusz
Elon Musk’s SpaceX vision comes with a lot of question marks.

Elon Musk’s problem children could spoil his Wall Street dream

The world’s richest person has never been afraid of talking up a big game. But, as usual, there are plenty of questions.

  • Stephen Bartholomeusz
Advertisement
SpaceX’s IPO would be a generational moneymaking event for Wall Street, the company’s employees and, of course, Elon Musk.

SpaceX files for IPO, which could make Elon Musk world’s first trillionaire

The listing of the rocket company will be one of the largest share offerings ever, and will be a generational moneymaking event for Wall Street and its richest billionaire.

  • Ryan Mac, Lauren Hirsch and Maureen Farrell
Elon Musk is known for his outlandish plans.

Why Elon Musk just created a $1.8 trillion space monster

Elon Musk has always had a remarkable capacity to convince investors to help pay for his fantastical dreams.

  • Stephen Bartholomeusz
Discord, which is not included in Australia’s social media ban and is widely used by teenage gamers, is preparing an IPO, sources say.

Gamers’ chat platform Discord readies for sharemarket float

The chat app, which is widely used by teenage gamers, is preparing an IPO, sources say.

  • Caroline Hyde and Bailey Lipschultz
Elon Musk has proven to be the world’s greatest salesman. Will he make that the best salesman in the Universe?

Master of the universe: Musk wants to take data centres to space

He’s already the world’s richest man. His latest move is making Elon Musk look increasingly like the poster boy for extreme universal capitalism.

  • Elizabeth Knight