Breaking news and updates from the world of technology.
SpaceX kicked off its investor roadshow today with a fixed offer price of $135 per share, targeting a $75 billion raise at a $1.77 trillion valuation. If the greenshoe option is exercised, total proceeds reach $85.7 billion — more than triple Saudi Aramco's 2019 record. Public trading begins June 12 on Nasdaq under the ticker SPCX.
A pre-launch engine test turned catastrophic on May 28 when Blue Origin's New Glenn rocket exploded in a massive fireball, obliterating the vehicle and severely damaging Launch Complex 36A — with knock-on effects for NASA's lunar program.
A static fire test at Cape Canaveral's Launch Complex 36 ended in catastrophe on May 28 when New Glenn's first stage ignited unexpectedly and tore through the rocket and its ground infrastructure.
Blue Origin pulled off a meaningful New Glenn reusability milestone, but the mission still ended with a costly upper-stage failure for AST SpaceMobile.