Elon Musk becomes world’s first trillionaire after SpaceX mega float Wealth Elon Musk is never far from the headlines and now the Tesla and X owner is making history once again after the blockbuster float of his SpaceX company has made him the world’s first ever paper trillionaire. The 54-year-old’s net worth was estimated at 982.6bn US dollars (£733bn) before the float, according to Forbes, which has swelled [...]
SpaceX is preparing for blast off, but will the mega IPO send investors into orbit? Markets SpaceX is set to launch the largest retail allocation ever attempted in a megacap IPO as part of its hotly anticipated listing on the Nasdaq tomorrow, with around 30 per cent of shares reserved for retail investors. Bret Johnsen, SpaceX CFO, has said the unusually large allocation is a deliberate recognition of “folks that have [...]
OKX Launches X-Perps on the Magnificent 7 Stocks, Gold, Silver and Oil for European Traders Business Wire First MiFID-licensed platform to offer European retail traders 24/7 futures exposure to US stocks, commodities and the world's biggest* indices alongside crypto, on one account SpaceX X-Perps to be available following IPO on June 12
‘Novel and extreme’: Analysts calls out SpaceX governance days before IPO June 9, 2026 Analysts and major institutional investors have expressed alarm over the corporate governance of SpaceX as its Wall Street debut creeps closer. The concerns from institutional investors, in particular public pension funds, over corporate governance at Elon Musk’s space tech company “run deep”, with firms in New York and California deeming the structure “novel and extreme”. [...]
SpaceX helps Scottish Mortgage Investment Trust take off May 27, 2026 Scottish Mortgage Investment Trust revealed the extent of the success of its early backing for Elon Musk’s SpaceX on Wednesday. The buy-and-hold investor’s stake in the rocket maker now amounts to about a fifth of the £16bn fund, as revealed in its results for the year to the end of March. Overall, SMT’s net asset value [...]
Goldman Sachs lands lead role on SpaceX’s record $1.75 trillion IPO May 20, 2026 SpaceX is preparing to launch what could become the largest stock market flotation in history, after Goldman Sachs secured the coveted lead left underwriting role on a proposed $75bn initial public offering. The Elon Musk-led rocket, satellite and AI group is expected to publish its prospectus as early as Wednesday ahead of a planned Nasdaq [...]
Blackrock eyes SpaceX stake as Musk pulls IPO forward to June May 17, 2026 Elon Musk is pulling SpaceX’s long-awaited stock market debut forward as BlackRock weighs a major investment in what could become the largest IPO ever attempted. The rocket and satellite giant is now expected to price its flotation on 11 June before beginning trading on Nasdaq the following day under the ticker SPCX, according to Bloomberg. [...]
How repeat entrepreneur relief could strengthen the UK start-up ecosystem May 15, 2026 Repeat Entrepreneur Relief is proposed to strengthen the UK start-up ecosystem by incentivizing successful founders to reinvest their capital and expertise into the next generation of UK businesses, thereby addressing the domestic funding gap and creating a self-sustaining growth environment, says Zuleika Salter While the UK has long been recognised for its strength in innovation [...]
Chery Tiggo 4 review: Could this Chinese SUV be Britain’s next best-seller? May 12, 2026 Have you lost your Chery? Buy a new Tiggo 4 and that’s a distinct possibility; this new hybrid crossover blends anonymously into the background. It’s also near-identical to Chery’s existing Tiggo 7, Tiggo 8 and Tiggo 9 SUVs, albeit on a smaller scale. Still, not everyone wants to stand out or make a statement – [...]
Porsche Cayenne Electric review: luxury SUV is the most powerful Porsche ever May 8, 2026 The new Porsche Cayenne Electric Turbo is the model that will grab all the headlines. With up to 1,156hp, it’s the most powerful Porsche road car ever. At 2.5 seconds to 62mph, it accelerates as quickly as the new Porsche 911 Turbo Swe drove recently. Yet this is not a sports car, but a five-metre-long [...]