Launch Of The NASA Probe Europa Clipper To Jupiter

A SpaceX Falcon Heavy rocket lifts off from the Kennedy Space Center. SpaceX has done tender offers to give its employees liquidity while staying private (Manuel Mazzanti/Getty Images)

ROCKETING

SpaceX’s valuation has reportedly jumped ~$100 billion in about four weeks

An internal share sale could see Musk’s rocket-launching co. valued at $350 billion.

Tom Jones

12/4/24 6:46AM

Lift off… and off… and off again

In mid-October, SpaceX successfully “caught” its Super Heavy, 230-foot-tall rocket booster with a pair of giant metal “chopsticks” — an achievement that could have dramatic implications for the economics of space flight. Roughly three weeks later, Donald Trump, heavily backed by SpaceX CEO Elon Musk, won the presidential election.

Both events seem to have been good for SpaceX shareholders, as the company is reportedly looking at selling shares internally that could value it at $350 billion, just one month after Bloomberg reported that it was considering a similar tender offer at $255 billion.

The latest $350 billion figure would make it the most valuable startup in the world, ahead of TikTok owner Bytedance’s $300 billion valuation, The Wall Street Journal reported.

While SpaceX, or Space Exploration Technologies Corp., is yet to comment on the reported valuation record, it would cap off a pretty remarkable few months for Musk’s various businesses. For instance, X (née Twitter) has recently regained some of the dollar value shed since 2022, while Tesla shares have rallied strongly in the wake of Trump’s election win, up more than 40%.

As the mythically tinged name suggests, “unicorns” — private companies that manage to defy the terrifying statistics about failure rates of new businesses to reach $1 billion valuations — are a rare breed. Adding ~$100 billion to your startup’s valuation in a month? That’s unheard of.

Millie Giles

WITHDRAWALS

Bank branches are still closing at breakneck speed in the US

Institutions such as Chase and Wells Fargo closed 76 locations in just six weeks over the summer, per the OCC.

Indianapolis - March 2016: Chase Bank III

Nia Warfield

22h

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Max Knoblauch

22h

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

Nia Warfield

9/8/25

Tariffs finally crept into retail's latest earnings results. Who were the winners and losers?

The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.