SpaceX stock is surging in early trading, pushing its market capitalization above $2.9 trillion and putting the rocket and AI company neck-and-neck with Microsoft.
SpaceX stock is surging in early trading, pushing its market capitalization above $2.9 trillion and putting the rocket and AI company neck-and-neck with Microsoft. Combined with Tesla’s roughly $1.3 trillion valuation, Elon Musk’s two flagship companies are closing in on Apple’s $4.3 trillion market cap — a striking milestone for the newly public SpaceX just days after its record-breaking IPO.
This rapid ascent underscores the market’s massive bet on Musk’s intertwined empire of space exploration, electric vehicles, and cutting-edge AI.
A $2.9 trillion market cap for SpaceX would put it roughly in line with tech heavyweight and nicely profitable Microsoft (MSFT), with a $2.95 trillion market cap, according to Yahoo Finance AlphaSpace data.
What’s more, the combined market cap of Elon Musk’s SpaceX ($2.9 trillion) and Tesla ($1.3 trillion) would be near the $4.3 trillion market cap of Apple, which is also nicely profitable, unlike SpaceX.
To say it has been a sizzling start for SpaceX would be an understatement.
SpaceX officially priced its stock at $135 on June 11, offering 555.6 million shares. The pricing valued SpaceX at $1.78 trillion. SpaceX made its historic public debut on the Nasdaq on June 12, when the stock officially opened for trading around midday at $150 per share.
On a net basis, retail investors have now bought almost as much SpaceX over the past two sessions as they bought across the entire US stock market last week.
MacDailyNews Note: SpaceX (SPCX) just opened at $200.42 +7.92 (+4.11%) with a market cap of $2.52T. Tesla (TSLA) has a market cap of $1.515T. Combined market value: $4.035T. Apple (AAPL) currently has a market cap of $4.325T.
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Today, Apple TV announced a fourth season renewal for the multi-Emmy Award-nominated travel series “The Reluctant Traveler With Eugene Levy,” hosted and executive produced by Emmy Award winner Eugene Levy (“Schitt’s Creek”).
Apple TV renews “The Reluctant Traveler With Eugene Levy” for season four.
Today, Apple TV announced a fourth season renewal for the multi-Emmy Award-nominated travel series “The Reluctant Traveler With Eugene Levy,” hosted and executive produced by Emmy Award winner Eugene Levy (“Schitt’s Creek”). The new eight-episode season will follow Levy as he attempts to up the ante by saying “yes” to the kinds of travel experiences he’s spent a lifetime carefully avoiding, even in previous seasons. Saying “no” used to be his happy place, but after three seasons on the road, he’s discovered he may be more adventurous than he ever thought possible. This season, he pushes himself even further by embracing unfamiliar experiences, unexpected challenges and the kinds of adventures he once would have instantly and instinctively turned down.
“After three seasons on the show I have just about accepted, albeit begrudgingly, that saying ‘yes’ to new experiences is not necessarily a bad thing for me,” said Eugene Levy in a statement. So, I’ve committed to saying ‘yes’ a little more often this season. It’s a strategy I’m approaching with considerable caution.”
Since its debut, “The Reluctant Traveler With Eugene Levy” has received broad acclaim from critics and fans around the world. Hailed as “dazzling, delightful … and gorgeously filmed” and “perhaps the perfect blend of travel documentary and pure comedy,” the series features host Levy as “an absolute delight to watch” and “endlessly entertaining.” Season three highlights included an episode with Prince William that became a global sensation, as headlines applauded the royal as “you’ve never seen him,” with “an extraordinary set of revelations” in a “rare” and “very personal and emotional conversation” with Levy, speaking “as both heir to the throne” and “a father determined to do things differently.” The third season also featured Grammy Award-winning superstar Michael Bublè and adventures with Levy’s daughter, Sarah, with more very special guests to come in season four. The series has won Best Travel/Adventure Show and Best Unstructured Series at the Critics Choice Real TV Awards, Best Variety or Reality Show at the Imagen Awards, and received Emmy Award nominations for Outstanding Hosted Nonfiction Series or Special and Outstanding Writing for a Nonfiction Program, alongside a nod for Best Ongoing Documentary from the Critics Choice Documentary Awards, among many other honors. The complete first three seasons are now streaming globally on Apple TV.
The series is produced for Apple TV by Twofour and is executive produced by Levy, David Brindley, Nic Patten, Lily Fitzpatrick, Iain Peckham and Adam Barry.
Apple TV offers premium, compelling drama and comedy series, feature films, groundbreaking documentaries, and kids and family entertainment, and is available to watch across all of a user’s favorite screens. After its launch on November 1, 2019, Apple TV became the first all-original streaming service to launch around the world, and has premiered more original hits and received more award recognitions faster than any other streaming service in its debut. To date, Apple Original films, documentaries and series have been honored with 843 wins and 3,585 award nominations and counting, including multi-Emmy Award-winning and history-making comedies “The Studio” and “Ted Lasso,” global cultural phenomenon “Severance,” Apple’s most-viewed drama “Pluribus,” Academy Award Best Picture winner “CODA” and Academy Award winner “F1,” the highest-grossing sports feature of all time. MacDailyNews Note: Apple TV is available on the Apple TV app in over 100 countries and regions, on over 1 billion screens, including iPhone, iPad, Apple TV 4K, Apple Vision Pro, Mac, popular smart TVs from Samsung, LG, Sony, VIZIO, TCL and others, Roku and Amazon Fire TV devices, Chromecast with Google TV, PlayStation and Xbox gaming consoles, and at tv.apple.com, for $12.99 per month with a seven-day free trial for new subscribers. For a limited time, customers who purchase and activate a new iPhone, iPad, Apple TV 4K or Mac can enjoy three months of Apple TV for free.
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Apple’s first developer betas are rarely known for their polish, but iOS 27 (and macOS 27) appear to be breaking that rule. In this personal account, Ben Lovejoy explains why he took the unusual step of installing the initial betas on his daily-driver iPhone and MacBook Air — and how their unexpected stability tells a bigger story about Apple’s extended internal testing and the long road to delivering on its ambitious Apple Intelligence promises.
What has struck me about both betas is their remarkable stability. I haven’t yet encountered a single app that either crashes or significantly misbehaves, and the number of bugs I’ve discovered to date are both few in number and entirely innocuous. I’ve found way more significant bugs in far later dot versions of previous developer betas.
I’m absolutely not advocating that anyone else should follow my example – it remains a bad idea as a matter of principle – but I do think it tells a story.
Specifically, it suggests that Apple has been using iOS 27 for a far more extended period of time within the company than is typical before the first developer release. That gels with the idea that the company genuinely believed it would be ready for release not long after the launch of the iPhone 16.
Apple was accused at the time of advertising vaporware, but it now looks much more likely that it did have working versions of the features it advertised, but decided they were too buggy to be released on the planned schedule. Of course, if it was too buggy to be released even as a developer beta, then the company should never have advertised the features, but it does put rather a different complexion on the situation. This was over-optimism, not deception.
MacDailyNews Take: Do not install beta operating systems on mission critical hardware, but, by all means, if you have a testing device that’s supported have at the betas. More info: beta.apple.com
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