spacex

According to the Financial Times, the low-profile venture capital firm Vy Capital currently holds approximately $40 billion worth of SpaceX shares, with a stake of about 3.4%. According to Bloomberg data, the firm has become the fifth-largest shareholder of SpaceX, disclosing a holding size larger than that of Silicon Valley venture capital firms such as Sequoia Capital and Andreessen Horowitz. Vy Capital first invested in SpaceX in 2016 when the company's valuation was around $15 billion; after SpaceX went public this year with a valuation of about $1.75 trillion, the value of its holdings has significantly increased.Vy Capital is also the largest external investor in Elon Musk's tunnel company The Boring Company and brain-computer interface company Neuralink, and had committed $700 million for Musk's acquisition of Twitter in 2022. The firm's head, John Hering, has a close relationship with Musk, having invested over $100 million in SpaceX shortly after the Falcon 9 rocket launch failure in 2016; since 2019, he has also been involved in the early business development of Starlink, including hiring personnel and building financial models, and has held a SpaceX employee badge. Currently, Hering serves as a director of The Boring Company, and Vy Capital also participated in the company's recent $3 billion financing round.Vy Capital's assets under management have increased from $27 billion at the end of last year to $50 billion in June of this year. In a letter to investors, the firm stated that since its establishment in 2014, it has achieved a total internal rate of return of 41% and has distributed $4.6 billion to investors. Vy Capital expects that if investment judgments materialize, SpaceX's valuation will exceed $10 trillion in the next 5 to 7 years. The firm currently has only a few dozen employees, with a core investment team of four, and has stopped accepting external investors since last year.

Tesla has announced that it will hold a launch event on October 1 to showcase its next-generation Roadster electric sports car. This event may spark speculation about a merger between Tesla and SpaceX. The phrase "Go for launch" used by Tesla officially echoes SpaceX's rocket launches.

Market news reports that SpaceX will increase its weight in the Nasdaq 100 index after the index rebalancing.

SpaceX plans to launch the first batch of V3 Starlink satellites into orbit during the Starship test flight mission as early as next week. The successful operation of Starship is crucial for SpaceX, not only to revitalize the Starlink communication network but also to launch commercial satellites and futuristic orbital data centers, tapping into the $26.5 trillion artificial intelligence market.

Since SpaceX began trading in June, Tesla's stock price has fallen by 8.9% over the past three months, while the S&P 500 index has risen by 2.7%. SpaceX's stock price has increased by 9.8% from its issue price. eToro strategists indicate that investors view SpaceX as a growth story, while Tesla faces transformation challenges.

Market news says that next week the SpaceX AI team will start a company from scratch and will livestream the entire process.

The Chief Financial Officer of SpaceX stated that there is more confidence in the company reaching its annual revenue target of 100 billion dollars.

SpaceX stated that the next Starship flight will bring revenue.

According to The Information, SpaceX has disclosed that it will make significant adjustments to the construction methods of its AI data centers, which may slow the expansion rate of new data center campuses.According to insiders, Musk has recently assigned a group of rocket engineers to oversee the construction of data centers. Unlike his past emphasis on a "rapid action" management style, the new team has adopted a more cautious approach to construction. Two years ago, Musk built data centers for his AI business at a record pace, but this adjustment in construction methods may extend the construction timeline for the new campuses.

The UK Ministry of Defence has spent nearly $40 million on SpaceX's Starshield and Starlink satellite services.

The American commercial space startup Vast announced that its mission is scheduled for 2027, to be transported by SpaceX's "Dragon" spacecraft and launched by the "Falcon 9" rocket.

According to Gate market data, SpaceX's intraday decline has expanded to 5%.

CoinGecko stated in its latest RWA report that the pre-market for synthetic IPOs has begun to serve as an effective valuation indicator for traditional IPOs. On-chain perpetual contracts can provide continuous price discovery and market sentiment anchors for popular unlisted companies before the official opening of exchanges.The report uses SpaceX and Changxin Storage (CXMT) as examples, noting that before SpaceX's listing, the prices of perpetual contracts across platforms fluctuated between $158 and $170, gradually converging to around $157.40; when its first transaction price on Nasdaq landed at $150.05, the deviation was about 4.9%. The deviation between the perpetual contract price before CXMT's listing and the actual opening price was also about 4.6%.CoinGecko believes that in the absence of real spot stocks as immediate arbitrage anchors, traders will still form relatively concentrated quotes around valuation, listing popularity, and future liquidity. On-chain Pre-IPO perpetual contracts will thus become an important reference price before the traditional order book opens, providing global investors with a channel to express long and short expectations 24 hours a day.

Wells Fargo has lowered the target price for SpaceX (SPCX.O) from $215 to $212.

a16z's AI infrastructure team has successfully backed two acquisitions within five days: Cursor has been acquired by SpaceX, and Stripe announced the acquisition of OpenRouter. According to The Information, the total value of a16z's holdings corresponding to these two investments has exceeded $8 billion.In 2024, a16z participated in Cursor's $60 million Series A round, when the company's valuation was only $400 million. Now, SpaceX is acquiring Cursor for $60 billion. Bloomberg previously reported that a16z is Cursor's largest external shareholder, holding about 10%, which is valued at approximately $6 billion based on the acquisition price.In 2024, a16z established its first $1.25 billion infrastructure-focused fund. The Information states that the two transactions involving Cursor and OpenRouter are enough for the related fund to return all principal to LPs and also provide additional profits. This year, a16z raised another $1.7 billion for its infrastructure fund and recently raised an additional $1.1 billion specifically for AI hardware. Martin Casado, head of AI infrastructure, noted that a few years ago, only about 5% of the startup projects he encountered were in hardware, and now that figure is close to 20%.

Elon Musk, CEO of Tesla and SpaceX, stated via video link at the G20 summit held in Asheville, North Carolina, on Tuesday that the productivity improvements brought by AI are already evident, and robotics technology will further push productivity to new heights. He predicts that AI could increase the global economy's scale by 20% to 30%, adding approximately $20 trillion to $30 trillion to annual economic output.Musk forecasts that the number of humanoid robots worldwide will reach 1 billion within the next decade, with these robots producing at least five times more than humans. The widespread application of humanoid robots could expand the global economy's scale by more than tenfold. He also predicts that by the end of next year, AI will be able to handle almost all digital tasks that do not involve changing the real physical world, with AI software reaching Stockfish levels, making it impossible for humans to compete in software development. He expects that within 12 to 18 months, AI will excel in all forms of engineering and digital work.As Musk made these remarks, SpaceX is ramping up its investment in AI. SpaceX's AI business generated $2.6 billion in revenue in the second quarter, a year-on-year increase of 247%. The company invested $15.8 billion in AI infrastructure in the second quarter, primarily for the expansion of the Colossus II data center, accounting for about 86% of total capital expenditures. Recently, SpaceX acquired the AI programming platform Cursor for $60 billion and released its latest AI model, Grok 4.6.

According to The Information, informed sources revealed that Elon Musk has made adjustments to the team responsible for data center construction at SpaceX in recent weeks, replacing several leaders and transferring executives from the rocket and satellite internet business to strengthen data center infrastructure development.Two informed sources stated that this data center reorganization was due to some civil engineering issues and ongoing reliability problems at the existing data center facilities of SpaceXAI located in Tennessee and Mississippi.During the early stages of artificial intelligence infrastructure development, SpaceXAI acted hastily to quickly establish these data centers, resulting in some facilities operating for months without backup cooling and power systems. Informed sources indicated that this increased the risk of system outages.

Dialectic Meccanico announced plans to launch the on-chain vault Starloop based on Makina on Base, expected to go live in September 2026, for eligible tokenized SpaceX exposure holders to put their positions to use.After users deposit tokenized SpaceX exposure, the vault will borrow USDC against it as collateral and deploy it to approved on-chain opportunities, with net earnings flowing back to depositors while retaining exposure to the underlying assets. Dialectic is the first operator of Makina and has operated public vaults such as DUSD and DETH.

According to Bloomberg, investment firm Dragoneer Investment Group is raising approximately $1 billion for a new continuation fund using equity from its star assets such as OpenAI, SpaceX, Databricks, and wealth management firm Creative Planning as "chips." However, sources indicate that Dragoneer's initial fundraising target was $2 billion, and it is currently unclear what specific assets are included in the final $1 billion fund raised.It is reported that Dragoneer hopes to enhance the fund's appeal to investors by establishing a continuation fund that allows for the continued holding of some existing assets for a longer period. This fundraising also reflects that, as the valuations of popular private tech companies like OpenAI and SpaceX continue to attract market attention, holding early or private equity in these companies is becoming an important chip for asset management firms in fundraising and asset restructuring.

OpenAI has notified SpaceX that it will terminate the contract to provide models for the AI coding tool Cursor it acquired, with a suggested termination date of November 12, stating that this is the longest notice period stipulated in the contract. OpenAI expressed that the decision was difficult, as it values the widespread use of its models by developers, but due to Musk's past breaches of contract, it does not trust SpaceX to use the technology as agreed, and mentioned issues related to the use of OpenAI models during xAI training and contract problems when acquiring X.Musk stated on X that he does not care at all and referred to Sam Altman and Greg Brockman as frauds, accusing them of stealing from an open nonprofit organization. Musk was a co-founder of OpenAI but later filed a $150 billion lawsuit against OpenAI and lost due to exceeding the deadline. OpenAI had attempted to acquire Cursor's developer Anysphere but was unsuccessful, while SpaceX acquired Cursor for $60 billion, with the merger completed on August 15.Michael Truel, co-founder of Cursor and now an executive at SpaceX, stated that Cursor views the OpenAI platform as neutral infrastructure and is negotiating with OpenAI, noting that OpenAI models account for 5% of Cursor's user traffic. Tom Brown, co-founder of Anthropic, stated that they will continue to expand computing power to provide the Claude model on Cursor.