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Musk's SpaceX to raise over $25 bn in 2026 IPO
Financial Express Pune
|December 11, 2025
ELON MUSK'S SPACEX is looking to raise more than $25 billion through an initial public offering in 2026, a move that could boost the rocket-maker's valuation to over $1 trillion, a person familiar with the matter told Reuters on Tuesday.
The company's move towards a public listing, which could rank among the largest global IPOs, has been largely driven by the rapid expansion of its Starlink satellite internet business, including plans for direct-to-mobile service and progress in its Starship rocket programme for moon and Mars missions.
SpaceX has started discussions with banks about launching the offering around June or July, the person said, requesting anonymity to discuss confidential information.
The company did not immediately respond to a Reuters request for comment.
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Financial Express Pune
IndiGo hires global expert to probe flight disruptions
AIRLINE APPOINTS CHIEF AVIATION ADVISORS LLC TO CARRY OUT REVIEW
1 mins
December 13, 2025
Financial Express Pune
NTPC to float global bids for mega nuclear reactors soon
STATE-RUN NTPC IS planning to float a global tender for large nuclear power plants with a combined capacity of 6-10 gigawatts (GW) soon, marking India’s largest power producer’s graduation to utility-scale production of nuclear energy.
1 min
December 13, 2025
Financial Express Pune
INITIATIVE TO COVER CRITICAL MINERALS, CHIPS India left out of US-led supply chain coalition
A NEW US-LED strategic initiative, Pax Silica, which aims to build a secure supply chain ranging from critical minerals and energy inputs to advanced manufacturing and semiconductors, does not include India.
2 mins
December 13, 2025
Financial Express Pune
BMW unveils affordable convertible model
AFTER LAUNCHING INDIA'S most affordable luxury EV at the Bharat Mobility Show in January 2025—the iX1 LWB for ₹49.9 lakh—BMW drove in the country’s most affordable convertible car on Friday, the MINI Convertible for ₹58.5 lakh.
1 min
December 13, 2025
Financial Express Pune
IBBI may assign MSME dues higher priority in insolvency cases
CREDITORS CASE
1 mins
December 13, 2025
Financial Express Pune
Wipro scales up Google Cloud pact to deploy AI
IT SERVICES MAJOR Wipro on Friday announced an expansion of its strategic partnership with Google Cloud to deploy Gemini Enterprise across its global operations, and jointly offer production-ready artificial intelligence agents to enterprise customers.
1 min
December 13, 2025
Financial Express Pune
Top-10 stocks will start to outperform: DSP Netra
THE OUTPERFORMANCE PHASE is restarting for the top 10 companies in terms of market capitalisation, DSP Netra said in a report citing recent trends.
1 mins
December 13, 2025
Financial Express Pune
EU to freeze Russian assets
THE EUROPEAN UNION looked set on Friday to indefinitely freeze Russian central bank assets held in Europe, removing a big obstacle to using the cash to help Ukraine defend itself against Moscow's invasion.
1 min
December 13, 2025
Financial Express Pune
Govt allows coal linkage auction for all end uses
Exports of the fuel allowed for the first time
1 mins
December 13, 2025
Financial Express Pune
Mexico duty to hit 75% of exports: GTRI
MEXICO'S DECISION TO hike tariffs on imports from India by upto 50% will impact 75% of the $5.75 billion worth shipments to the country, according to an analysis by Global Trade Research Initiative (GTRI).
1 min
December 13, 2025
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