The Latest Breaking News from Gwynne Shotwell

Musk Pledges a SpaceX Share to Every U.S. Child. What That $10.7B Promise Means

Elon Musk pledged one SpaceX share to every American child — a $10.7B giveaway with no delivery plan. What it means and why it matters.

Latin Times · 1h ago

Billionaires are giving your kid stock. Should you say thank you?

Also: All the news and watercooler chat from Fortune.

Fortune · 4h ago

Here’s Why I’m Not Worried About SpaceX Insider Selling

SpaceX lockup expiry dates are known and their impact is largely priced in. Moreover, the selling pressure is minimal in front of the massive opportunity the company sits on.

Barchart · Oct 12

SpaceX’s $100 billion bet on Louisiana Starbase: 3,000 jobs, rocket hub - why it matters

SpaceX plans to build a $100 billion, 125,000-acre (50,585-hectare) Starship launch complex on Pecan Island in US' southern Louisiana, an area that serves as protected habitat for dozens of migratory bird species and whose receding wetlands help shield inland communities from flooding.

The Times of India · Aug 26

SpaceX to build $100 billion rocket launch facility in southern Louisiana

SpaceX unveiled plans on Tuesday for a $100 billion rocket launch complex in southern Louisiana, its largest yet, aimed at supporting Starship and AI satellite missions. The 125,000-acre Starbase Louisiana site on Pecan Island could eventually handle thousands of Starship launches annually, the company said.

France 24 · Aug 26

SpaceX to build $100 billion Starship rocket complex in Louisiana

The company's second Starbase campus will eventually launch thousands of Starship flights a year, SpaceX President Gwynne Shotwell said, reiterating its goals for an ambitious cadence contingent on solving steep engineering challenges and regulatory hurdles.

The Economic Times · Aug 26

Elon Musk's space company to build new rocket launching site in Louisiana

Elon Musk’s space company plans to spend $100 billion to build a new spaceport in Louisiana to launch rockets

The Independent UK · Aug 25

Elon Musk Wants Starlink To Take On T-Mobile, Verizon, AT&T—Here's Why That's Easier Said Than Done

SpaceX (NASDAQ:SPCX) President Gwynne Shotwell said on Tuesday’s earnings call that Starlink Mobile will begin service at the end of 2027, and that she expects to acquire “quite a few” customers from AT&T Inc. (NYSE:T), Verizon Communications (NYSE:VZ) and T-Mobile US (NASDAQ:TMUS).

Benzinga · Aug 7

T-Mobile's CEO Just Dismantled SpaceX's Starlink Mobile Ambitions as Musk's Firm Pours Billions Into Buying Spectrum: 'What's Their Differentiation?'

T-Mobile US Inc. (NASDAQ:TMUS) CEO Srini Gopalan dismissed the threat from Elon Musk’s planned Starlink Mobile service as "exaggerated," questioning why consumers would leave established carriers even as SpaceX (NASDAQ:SPCX) promises higher bandwidth, satellite coverage and a terrestrial network aimed at winning customers from T-Mobile, AT&T Inc. (NYSE:T) and Verizon…

Benzinga · Aug 7

SpaceX's Biggest Victim Yet? Starlink's 55-Year-Old Rival Files for Bankruptcy

SpaceX (NASDAQ:SPCX) has reshaped the satellite and space industry, and its first earnings report since going public highlighted plans to expand that disruption. One early casualty may be Hughes, the satellite internet business owned by EchoStar Corporation (NASDAQ:ECHO), which filed for Chapter 11 bankruptcy ahead of SpaceX’s report.

Benzinga · Aug 5