TNB Tech Minute: SpaceX Spends Heavily Ahead of IPO
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 7 May 2026
⏱️ 3 minutes
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| 0:00.0 | Access to affordable credit helps me pay my employees, but I don't really need it. |
| 0:05.0 | Infliction is killing me! |
| 0:08.0 | But who cares? Big retailers are making record profits! |
| 0:12.0 | That's why we support the Durban Marshall Credit Card Bill! |
| 0:15.0 | See? Banks and credit unions help small businesses make payroll. |
| 0:18.0 | This bill would cut the vital resources they need. |
| 0:27.3 | While increasing megastore profits, they deserve it. Don't they? Tell Congress, stop the Durban Marshall money grab for corporate megastores. Paid for by the Electronic Payments Coalition. |
| 0:32.8 | Here's your afternoon TNB Tech Minute for Thursday, May 7th. I'm Julie Chang for the Wall Street Journal. |
| 0:39.4 | SpaceX is spending heavily before its IPO. That includes an estimated $55 billion for the Texas-based |
| 0:46.5 | TerraFab chip complex that plans to develop with Tesla, according to local government notices. |
| 0:51.9 | The company is also funding space infrastructure and potentially |
| 0:55.0 | sending up to 1 million AI satellites to low Earth orbit in the years ahead. Some of the |
| 1:00.6 | developments that SpaceX is looking to fund will take years to complete and present big operational |
| 1:05.7 | and financial risks. SpaceX didn't respond to a request for comment about its investment plans. The rocket, |
| 1:12.0 | satellites, and AI company have significant revenue coming in through its space businesses. |
| 1:17.4 | Last year, the journal reported it generated $8 billion in adjusted earnings on $16 billion in revenue. |
| 1:25.3 | Shares for a national security satellite company, Hawkeye 360 jumped in their public |
| 1:30.1 | market debut, signaling strong investor demand for defense companies. Hawkeye's stock opened 30% |
| 1:36.4 | above its $26-dollar initial public offering price. It priced its offering at the high end of its |
| 1:42.1 | targeted price range, raising $416 million and |
| 1:46.2 | valuing the company at more than $2.4 billion. Hawkeye focuses on so-called signals intelligence, |
| 1:53.2 | operating a fleet of more than 30 satellites that collect radio frequencies back on Earth. |
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