# Dan Ives

Type: Person

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/dan-ives
Canonical HTML page: https://getstartupbrief.com/entity/dan-ives

## Timeline

- **2026-06-22**: SpaceX stock crashes 16% — SpaceX experiences its worst single-day loss as a public company, closing at $154.60, only 14% above its IPO price.
- **2026-06-11**: SpaceX IPO — SpaceX goes public at a valuation exceeding $1.7 trillion, raising $75 billion. Shares close the first day up 19%.
- **2026-04**: Intel joins Terafab as foundry partner — Intel Corporation partners with the Terafab project, providing foundry services for the chip manufacturing initiative.
- **2026-03**: Terafab chip plant announced — Elon Musk presents a collaborative effort among Tesla, xAI, and SpaceX to build the world's largest chip plant, named Terafab.
- **2026-01**: SpaceX acquires xAI — SpaceX completes the acquisition of xAI, bringing AI capabilities directly into its corporate structure.
- **2025**: xAI acquires X — xAI purchases social media platform X (formerly Twitter), consolidating Musk's digital communications arm under the AI company.

## Recent coverage (1 stories)

### SpaceX’s 32% wipeout: The biggest VC exit ever is now a merger rocket
2026-06-25 00:34:49 · Sentiment: Neutral · Impact: 8/10 · Sources: 3

SpaceX’s record IPO turned into a value-destroying 32% crash within weeks, accelerating Elon Musk’s classic founder playbook: consolidate and merge. For startup founders, it’s a lesson in post-IPO survival and corporate realignment.
Full story: https://getstartupbrief.com/story/spacex-startup-exit-crash-merger-tesla

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