Elon Musk’s SpaceX eyes $1.77tn valuation ahead of blockbuster IPO
Texas-based rocket company announces plans to sell shares at $135 apiece, aiming to raise approximately $75bn.

Texas-based rocket company announces plans to sell shares at $135 apiece, aiming to raise approximately $75bn.


![Sarata Sawo (L) and Alia Patel (R) activists with Young Labour in Ashton-in-Makerfield [Simon Speakman Cordall/Al Jazeera]](/wp-content/uploads/2026/05/Sarata-Sawo-L-and-Alia-Patel-R-activists-with-Young-Labour-in-Ashton-in-Makerfield-1779787107.jpg?resize=770%2C513&quality=80)






OpenAI’s lawyers argue Musk’s lawsuit aims to undermine the company for his competing venture, xAI.
In his lawsuit, Musk said OpenAI cofounder and president betrayed him and public by turning into profit-seeking firm.
The trial’s outcome could sway the balance of power in AI, and jury selection starts on Monday.
Company has captured public attention through vast network of satellites and focus on space exploration.
Jury finds that two tweets posted in May 2022 by Musk contained false statements.
The civil trial centres on a class-action lawsuit filed just before Musk took control of Twitter, which was renamed X.
Musk’s scathing attack on PM Pedro Sanchez comes after he announces strict new regulations for social media platforms.
Investigation into social media platform looks at complicity in crimes including Holocaust denial and child pornography.
Musk says solar powered and space-based data centres are the only way to meet AI’s burgeoning energy demands.
New files suggest the men had more extensive contact with Epstein than previously known.