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Elon Musk's SpaceX launched a historic test flight of its massive Starship rocket early Monday. View More
In this articleSPCXFollow your favorite stocksCREATE FREE ACCOUNT watch nowVIDEO4:0204:02SpaceX launches its massive Starship rocket into orbit for the first time: What you need to knowSquawk on the StreetSpaceX launched its massive Starship rocket early Monday, sending the spacecraft into orbit for the first time from its company town and launch facility in Starbase, Texas. Starship reached orbit around 8:15 a.m. local time with SpaceX employees in attendance at the launch loudly cheering the milestone.During the 14th test flight for Starship, Elon Musk's aerospace and defense company also successfully deployed 26 of its new Starlink V3 satellites.A livestream of the test flight on social network X, which is owned by SpaceX, showed the rocket taking off at 8:48 a.m. ET, or 7:48 a.m. local time, from Starbase.The ship's booster made a "soft splashdown" off the coast of Starbase a few moments after launch, while the Starship spacecraft continued to climb with one of its vacuum engines going out in sub-orbital trajectory.Starship is critical to SpaceX's expansion plans. The company is counting on the giant rocket to scale its Starlink, or Connectivity, business, which was its largest and only profitable segment as of the second quarter. SpaceX operates around 11,000 active satellites in orbit today, compared to roughly 650 for competitor Eutelsat OneWeb.The SpaceX Starship and Super Heavy v3 Booster lift off on its 14h test flight from the SpaceX launch complex in Starbase, Texas, U.S., September 28, 2026. Steve Nesius | ReutersOn SpaceX's earnings call in August, Musk said, "It's not out of the question that at some point, Starlink will deliver a majority of the world's internet, at least in countries where we're allowed to operate, which is the vast majority of countries." One Starship rocket can carry 60 of SpaceX's new Starlink v3 satellites into orbit, the company said, representing about 20 times the capacity of a Falcon 9 launch. SpaceX went public in June in the largest IPO on record and is now valued at about $2 trillion. SpaceX has designed its Starship Super Heavy rocket and booster to be fully reusable, and to lift more cargo for less cost into orbit than any prior spacecraft. None of the 13 earlier test flights have been intended to make it into orbit, but with the 14th flight, SpaceX was hoping Starship would circle the planet multiple times and land off the coast of Chile. Instead, SpaceX conducted an earlier landing of the Starship. The spacecraft splashed down at about 10:58 a.m. local time.Musk had previously said Starship would reach orbit in 2022, âand begin deploying satellites in 2023. In November 2024, Musk said SpaceX would be conducting at least one Starship flight every two weeks by the end of 2025.Monday's milestones showed SpaceX making progress on its goals, but the company has not yet demonstrated the re-usability and reliability of the Starship Super Heavy system.SpaceX Starship launches on Sept. 28th, 2026.Source: SpaceXThe company is preparing Starship for a major NASA test flight next year, and intends to use the rocket to bring U.S. astronauts back to the moon's surface. SpaceX COO Gwynne Shotwell said during the All-In Summit earlier this month that the company also plans to use Starship to put "supercompute in space," launching "AI compute satellites" into orbit in 2027.The company's new v3 satellites, which are produced at a SpaceX facility in Redmond, Washington, are equipped with solar arrays that generate twice as much power as prior generations. They are also larger, and designed to be more powerful, transmitting data more rapidly than earlier versions to Starlink subscribers.The SpaceX Starship and Super Heavy v3 Booster lift off on its 14th test flight from the SpaceX launch complex in Starbase, Texas, US, September 28, 2026. Steve Nesius | Reuters Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Vikram Solar has secured a 400 MW module supply order from a highly reputed EPC player for a portfolio of decentralised solar projects being developed across multiple locations in Maharashtra. View More
The government has mandated companies with captive coal generation capacity of more than 50 megawatts to run the plants at full throttle and sell surplus electricity through exchanges View More
Pouring investments point to a sector commanding high confidence despite jarring notes from the US View More
In a significant move, Trans ACNR Solutions along with eight additional companies have recently filed for IPOs with Sebi, reflecting an ambitious drive to generate capital for various purposes like expansion and debt management. Specifically, Maharashtra Oil Extractions is looking to collect as much as Rs 370 crore through a combination of new issuing shares and an offer for sale. View More
Nine companies, including Trans ACNR Solutions and Maharashtra Oil Extractions have filed preliminary papers with markets regulator Sebi for IPOs, joining a growing list of firms tapping the primary market to raise capital for expansion, debt repayment and other corporate requirements. Trans ACNR Solutions has filed its preliminary papers through the confidential pre-filing route, while the other eight firms -- Maharashtra Oil Extractions, Jagatjit Agri Engineering, Jai Parvati Forge, Koolking Industries India, Sai Infinium, SG Encon, Mount Everest Breweries and Ultravibrant Integrated Energy -- have filed standard public draft documents with Sebi. The filings were made between September 21 and September 26. The proposed initial public offerings (IPOs) are aimed at raising funds for a range of purposes, including business expansion, working capital requirements, repayment of debt and general corporate purposes. Under the confidential pre-filing mechanism, companies can submit draft offer documents to Sebi and stock exchanges without immediately making them available in the public domain. The documents are disclosed at a later stage after regulatory review. Live Events Consequently, details of Trans ACNR Solutions' proposed IPO, including the offer size, structure, financial performance, valuation and timeline for the share sale, are not available at this stage. In a public notice, the company said it has filed the "pre-filed draft red herring prospectus with Sebi and the stock exchanges" in connection with its proposed IPO of equity shares on the main board of the stock exchanges. Among the companies that have made their IPO details public, Maharashtra Oil Extractions has proposed a fresh issue of up to Rs 370 crore and an an offer for sale (OFS) of up to 2.14 crore equity shares by promoters, according to the draft red herring prospectus (DRHP). The company, incorporated in 1995, is engaged in processing, manufacturing, marketing and sale of products across the soybean value chain, including crude and refined edible oil, plant-based protein supplements, soya meal, soya flour and textured soya protein, besides lecithin and other speciality and industrial chemicals. Jagatjit Agri Engineering's proposed share sale comprises a fresh issue of equity shares worth up to Rs 300 crore and an OFS of up to 31 lakh equity shares by promoter Jagatjit Singh, according to its DRHP. Ludhiana-based Jagatjit Agri Engineering, incorporated in 2020, manufactures agricultural implements and provides end-to-end crop solutions. Mohali-based Jai Parvati Forge has proposed an IPO comprising a fresh issue of up to Rs 300 crore and an OFS of up to 90 lakh equity shares by promoter Suman Chauhan. Incorporated in 2004, the company manufactures forged and machined components, including bull gears, transmission gears and shafts and precision-machined parts. Punjab-based Koolking Industries India has proposed a fresh issue of up to Rs 300 crore and an OFS of up to 30.50 lakh equity shares by promoters. Incorporated in 2008, the company manufactures and supplies heating, ventilation and air-conditioning (HVAC) components in India. According to a CARE report cited in the DRHP, it accounted for around 15 per cent of the total addressable market (TAM) as of FY26. SG Encon's IPO involves a fresh issue of up to 71.90 lakh equity shares and an OFS of up to 13.71 lakh equity shares by promoters Rajiv Gandhi and Pankaj Setia. The total offer size comprises up to 85.62 lakh equity shares. Indore-based Mount Everest Breweries has filed its preliminary papers for an IPO comprising a fresh issue of up to 1.15 crore equity shares. Incorporated in 1999, the company is a beer brewing player in Madhya Pradesh and had a market share of nearly 36.3 per cent in terms of volume production in FY26, according to the Technopak report cited in the DRHP. It has a presence across 16 states and three Union Territories. Sai Infinium Ltd, formerly known as Sai Bandhan Infinium Ltd, has filed its draft prospectus for an IPO comprising a fresh issue of equity shares aggregating up to Rs 280 crore and an OFS of up to 1.20 crore equity shares by promoter Ishu Bansal, according to the DRHP. Ultravibrant Integrated Energy Ltd, formerly known as Ultravaibrant Solar Energy Ltd, has filed its draft papers for an IPO comprising a fresh issue of up to 1.20 crore equity shares and an OFS of up to 25 lakh equity shares by promoter Rajeshwar Singh. Moreover, 11 companies, including JSW One Platforms and biscuit maker Anmol Industries, also filed their draft papers with Sebi over the last few days. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
The greenfield project is expected to start solar cell production using advanced TopCon technology by the end of the ongoing fiscal year View More
Deon Energy, an Ahmedabad-based solar EPC firm, is set to launch an IPO to gather capital. This offering will feature a fresh equity share issue coupled with a promoter's sale of shares. The funds raised aim to establish a 30 MW solar power plant in Gujarat while also boosting working capital and covering essential corporate expenses. View More
Solar engineering, procurement and construction (EPC) company Deon Energy has filed draft papers with the market regulator Sebi to raise funds through an initial public offering (IPO). The Ahmedabad-based company's proposed IPO comprises a fresh issue of up to 72 lakh equity shares and an offer for sale (OFS) of up to 20 lakh shares by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Friday. Deon Energy plans to use Rs 95.80 crore from the fresh issue proceeds to set up a 30 MW DC independent power production plant across six identified sites in Gujarat's Junagadh, Surendranagar and Kachchh districts. It will also allocate Rs 75 crore towards working capital requirements, with the remaining proceeds earmarked for general corporate purposes. The proposed expansion will mark the company's entry into solar power generation , alongside its existing EPC business. Live Events Deon Energy provides turnkey services for ground-mounted and rooftop solar projects, covering engineering, procurement, construction and commissioning. It also offers operations and maintenance services. Since commencing operations as a partnership firm in 2020, the company has executed 126 solar power projects with an aggregate installed capacity of 321.53 MW DC as of August 31, 2026. As of the same date, its outstanding EPC order book stood at Rs 527.43 crore across 34 projects. The company caters to industrial customers across sectors such as ceramics, chemicals, pharmaceuticals, textiles and paper. Its EPC projects include work for Makson Pharmaceuticals India, Omax Cotspin, Anjani Spintex and Sega Granito, among others. Deon Energy's revenue from operations rose to Rs 456.28 crore in FY26 from Rs 298.54 crore in FY25. Profit after tax increased to Rs 46.06 crore from Rs 26.41 crore during the period. The equity shares are proposed to be listed on the BSE and the National Stock Exchange of India . Valmiki Leela Capital is the book-running lead manager to the issue. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)
Residents of Goulburn embarked on an inspiring decade-long endeavor to establish a community-driven solar farm alongside a battery system. With the backing of about 300 local investors, they overcame significant obstacles such as regulatory hurdles and supply chain challenges. Ultimately, the solar farm commenced operations, contributing clean energy to the local grid, and stands as an exemplary model for community-led renewable energy initiatives throughout regional Australia. View More
Residents of Goulburn embarked on an inspiring decade-long endeavor to establish a community-driven solar farm alongside a battery system. With the backing of about 300 local investors, they overcame significant obstacles such as regulatory hurdles and supply chain challenges. Ultimately, the solar farm commenced operations, contributing clean energy to the local grid, and stands as an exemplary model for community-led renewable energy initiatives throughout regional Australia. View More
Residents of Goulburn embarked on an inspiring decade-long endeavor to establish a community-driven solar farm alongside a battery system. With the backing of about 300 local investors, they overcame significant obstacles such as regulatory hurdles and supply chain challenges. Ultimately, the solar farm commenced operations, contributing clean energy to the local grid, and stands as an exemplary model for community-led renewable energy initiatives throughout regional Australia. View More