Elon Musk's space venture spreads digital threat
SpaceX was listed on the NASDAQ stock exchange under the ticker symbol SPCX, solidifying Elon Musk's position as one of the wealthiest individuals in the world with assets exceeding one trillion dollars, following a market valuation of approximately $1.92 trillion. The listing occurred during a period when the company's stock price experienced fluctuations between $104.83 and $225.64, with the majority of analysts recommending buying the shares and expectations of their price reaching between $210 and $240 over the next two years. The company's revenues mainly stem from its satellite internet service, Starlink, which has become the backbone of its operations, supporting over 12 million subscribers. AI projects and space communications are also part of its expansion plans, positioning it competitively alongside major tech companies.
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