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SpaceX
TOPIC
 / company

SpaceX

SpaceX
SpaceX
Space Exploration Technologies (SpaceX) designs, manufactures and launches the world's most advanced rockets and spacecraft. Based in California, it was founded in 2002 by former PayPal entrepreneur Elon Musk with the aim of revolutionising space transportation.
Chairman / President
Elon Musk
CEO / Managing Director
Elon Musk
CFO / Finance Director
Bret Johnsen
Industry
Aerospace, Space Transportation
Website
spacex.com
Headquarters address
1 Rocket Road, Hawthorne, California, USA
Year founded
2002
LATEST China Science NEWS

Could China make a sea-skimming hypersonic missile a real nightmare for the US?

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China has deployed various hypersonic weapons, but these systems rely on high-altitude boost-glide trajectories or high-altitude cruise flight. Photo: CAS

The Chinese scientists hoping to use a space solar plant to power the world

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The technical hurdles and financial costs of beaming electricity from space to Earth are staggering, the project's chief says. Credit: Xidian University

Chinese scientists create record-smashing brain implant electrode array

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In animal trials, a new flexible brain implant successfully recorded neural activity with unprecedented long-term clarity and remained safely functional inside the body for 18 months. Photo: Shutterstock

China mulls controlling world’s largest high-speed rail network from space

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Chinese rescuers work around the wreckage of train cars in Wenzhou in east China’s Zhejiang province on Sunday, July 24, 2011, after a bullet train crashed into another high-speed train, killing 40 people. Photo: AP/Color China Photo/China Out

Nvidia, Apple HQs caught on camera; Nasa’s Artemis flaws: 7 science highlights

A satellite image of Nvidia’s headquarters in Santa Clara, California was among the photos released on Monday. Photo: Changguang Satellite
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A sign displays outside Nasdaq on the day of SpaceX’s initial public offering in New York on June 12. Photo: Reuters
Banking & finance

Opinion | AI has been known to hallucinate. So have financial markets

Stock markets are booming on the assumption that US tech giants will deliver, but as liquidity becomes scarce, a reality check will ensue.

United States

SpaceX bankers prepare for potential US$20 billion bond offering, sources say

Banking & finance

Global investors still in China’s orbit despite SpaceX IPO: HKEX chief

Aerospace: Science

Video | What is space computing?

Driven by AI’s massive power demands and satellite bandwidth limits, tech giants and superpowers are moving data centres into orbit.

03:51
SCMP Highlights

Nvidia, Apple HQs caught on camera; Nasa’s Artemis flaws: 7 science highlights

From a Chinese firm releasing images of Nvidia and Apple HQs to SpaceX’s IPO, here are some highlights from SCMP’s recent science reporting.

Hong Kong economy

Opinion | Can Hong Kong make a giant leap to commercial space insurance?

The explosive growth of China’s commercial space business, combined with geopolitical realities, gives the city a captive market.

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United States

SpaceX vaults past Amazon’s market value, briefly topping Microsoft

Elon Musk’s company was worth roughly US$2.655 trillion at closing – some US$800 billion more than at its record IPO last week.

A sign is displayed outside Nasdaq on the day of SpaceX’s initial public offering in New York on Friday. Photo: Reuters
United States

US judge dismisses Musk’s xAI trade secret lawsuit against OpenAI

A San Francisco judge said xAI failed to show that OpenAI induced former xAI engineer Xuechen Li to steal trade ⁠secrets.

US Space Force

China’s military mouthpiece cites SpaceX role in warning of satellite arms race

Official newspaper cites Elon Musk’s firm as an example of how the US is rapidly speeding up the military use of low-orbit satellites.

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Science

Why SpaceX may not be a model for Chinese companies to copy

A leading economist argued the country’s space industry could take a ‘big leap forward’ by building up its satellite infrastructure.

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SpaceX employees celebrate the firm’s record-breaking IPO in New York on Friday. Photo: AFP
Science

Chinese team flags life-threatening weakness in Nasa’s Artemis programme

Researchers say China’s lunar lander has three backup engines, unlike US design which relies on one main power source.

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A Chinese team has flagged a “glaring weakness” in Nasa’s Artemis programme which could be life threatening. Photo: Reuters
Stocks

Macroscope | Moment of truth is coming for the AI stock boom

Tech barons are seeking to raise outrageous sums before the balloon goes up. If it does, where will portfolio investment go?

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Millionaires, billionaires and trillionaires

Musk is world’s first trillionaire – what could he buy with all that money?

The SpaceX boss has reached a level of wealth that is hard to understand in real terms. But we’re going to try.

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United States

Elon Musk becomes world’s first trillionaire after SpaceX IPO

The company’s shares hit US$160.95 each, propelling the world’s richest person’s fortune to US$1.1 trillion.

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SpaceX CEO Elon Musk gestures as he steps on stage during a Trump rally at Madison Square Garden in New York in October 2024. Photo: AFP,
Hong Kong stock market

The SpaceX factor: Hong Kong stocks face liquidity test from mega IPO

Listing adds to headwinds for Asia’s third-largest market as US$97 billion in lock-up expirations loom.

A SpaceX Falcon 9 rocket is displayed outside the company’s facility in Hawthorne, California, on June 8. Photo: AFP
IPO

As Musk becomes first trillionaire from SpaceX IPO, will next come from China?

As the initial public offering sees Musk become the first ever trillionaire, China is also seeing growth in its tech uber-rich.

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SCMP Highlights

Xi on North Korean military ties; US blacklists Chinese tech firms: 7 highlights

From Thailand’s suffering shrimp industry to China’s space firms anticipating SpaceX IPO, here are highlights from SCMP’s recent reporting.

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IPO

Asian investors look for novel ways to join SpaceX’s US IPO excitement

Japan and Australia are the only countries in Asia-Pacific where retail investors have direct access to SpaceX’s IPO.

A SpaceX building in Starbase, Texas. Photo: Reuters
Elon Musk

Blast off on Wall Street: record SpaceX IPO could make Musk a trillionaire

At US$135 a share, the offering will raise US$75 billion, making it the biggest market debut in history.

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IPO

China’s space start-ups eye IPO boom as SpaceX heads for record listing

China’s emerging aerospace firms are lining up to list as SpaceX’s blockbuster flotation shines a spotlight on the sector.

Banking & finance

Opinion | Why tech titans’ IPOs matter as much in China as in the US

Beijing will have to ask whether its capital markets and financial regulations can create and sustain companies of a similar scale.

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Vehicles drive past a SpaceX Falcon 9 rocket displayed outside a SpaceX facility in Hawthorne, California on June 8, ahead of the Elon Musk-founded rocket company's IPO on June 12. Photo: AFP
US-China tech war

Who pays when rockets explode? China rushes to insure SpaceX’s rivals

Wave of Chinese insurers is underwriting rockets and satellites, turning space risk into a new front in the China-US rivalry.

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The SpaceX rocket that blew up in 2016 in Cape Canaveral, Florida. Photo: EPA
China stock market

China, Hong Kong stocks fall as AI bubble fears build up

Stocks in China and Hong Kong are suffering in a global sell-off after being laggards in the AI boom.

Hong Kong stock market

How the AI trade is stirring dotcom-era jitters across global markets

Signs of excess are mounting in AI trade, with soaring IPOs and stretched valuations echoing run-ups to past market peaks, analysts say.

Science

Starlink rival Qianfan hits satellite milestone, but is it too slow and costly?

Constellation now has 201 satellites in orbit but the company is said to be under pressure to ramp up launches.

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A Long March-12B Y1 rocket blasts off from the Dongfeng Commercial Space Innovation Pilot Zone on June 1, carrying satellites for the Qianfan constellation. Photo: Xinhua
IPO

The world’s 5 largest-ever IPOs, before Elon Musk’s SpaceX listing

Ahead of SpaceX’s public listing on Friday, set to break records, here are some previous block-buster fundraisers.

The New York Stock Exchange decorated for the first day of trading for Alibaba on September 19, 2014. Photo: Shutterstock
US-China tech war

Blocked from SpaceX IPO, Chinese investors get creative to catch a ride

Proxy stocks and supply chain speculation are among options after being locked out of what could be largest listing ever.

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Space

Nasa reveals Artemis III astronauts in next step towards moon landing

The crew will orbit Earth while practising docking their Orion capsule with two lunar landers.

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