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Tesla record revenue masks cash burn, $1B SpaceX swing
TheStreet21d agoneutral
Tesla record revenue masks cash burn, $1B SpaceX swing

Every public company has a number it wants you to see and a number it hopes you scroll past. Earnings season is built on that tension. The revenue line is the easy one. It goes in the press release, it goes in the headline, and it goes in the first paragraph of most coverage. Bigger is better, and ...

SoFi (SOFI) Brings SpaceX IPO Access As Big Bank Earnings Support Lending
Simply Wall St.21d agoneutral
SoFi (SOFI) Brings SpaceX IPO Access As Big Bank Earnings Support Lending

Major U.S. banks recently reported strong earnings, signaling resilient credit and deposit activity across the sector. SoFi Technologies (NasdaqGS:SOFI) is drawing attention for its involvement in providing retail access to the highly anticipated SpaceX IPO. These developments spotlight both the health of core banking activity and the distinct features of SoFi’s retail investing platform. For SoFi Technologies, which combines digital banking, lending, and investing under one platform,...

Tesla Reports $1 Billion Gain On Its SpaceX Equity Stake
Investor's Business Daily21d agoneutral
Tesla Reports $1 Billion Gain On Its SpaceX Equity Stake

Tesla recorded a $1 billion net gain on its investment in Space Exploration Technologies, commonly known as SpaceX, following its IPO last month, according to SEC filings. Elon Musk's electric vehicle company had a stake in SpaceX through a $2 billion investment his AI lab xAI made in January. When xAI and SpaceX merged in February, Tesla's share in the AI startup converted into equity in SpaceX.

Alphabet Lost $32 Billion on SpaceX in the Blink of an Eye
Barrons.com21d agoneutral
Alphabet Lost $32 Billion on SpaceX in the Blink of an Eye

Take Alphabet. Investors knew Google invested about $1 billion in SpaceX in 2015, but they couldn’t be certain what happened to the stake. Alphabet still has its stake, and the value has shot higher since 2015, but that is becoming a small headwind for the share as SpaceX stock tumbles to new lows.

Rockefeller CIO Warns: Big Tech’s $650B AI Buildout May Be Hiding a Massive Overbuild
24/7 Wall St.22d agoneutral
Rockefeller CIO Warns: Big Tech’s $650B AI Buildout May Be Hiding a Massive Overbuild

Jimmy Chang, Chief Investment Officer at Rockefeller Global Family Office, used CNBC’s Closing Bell Overtime to deliver a pointed warning ahead of Big Tech earnings: the record AI CapEx cycle may already be masking an overbuild that markets have not yet learned to see. Chang argued that strong earnings are already priced in and the ... Rockefeller CIO Warns: Big Tech’s $650B AI Buildout May Be Hiding a Massive Overbuild

Anthropic, SpaceX Hand Google Profit Windfall
MediaPost22d agobearish
Anthropic, SpaceX Hand Google Profit Windfall

At least on paper, for now, Google's investments in Anthropic and SpaceX have paid off and enabled its parent company Alphabet to offset any losses when quarterly financial reports come.

Tesla is 'all about' future promises: Why this strategist calls it a 'story' stock
Yahoo Finance Video22d agoneutralVIDEO
Tesla is 'all about' future promises: Why this strategist calls it a 'story' stock

Tesla (TSLA) reported negative free cash flows in the second quarter as the EV company continues to bet big on its Optimus robotics ventures. The stock is falling by as much as 12% on Thursday following its second quarter earnings released last night. Northwestern Mutual Wealth Management Company CIO Brent Schutte and Yahoo Finance Senior Reporter Brooke DiPalma highlight Elon Musk's latest comments, with Schutte remarking that Tesla remains a "story" stock over its list of future promises.

Google Details Size of SpaceX Stake
The Wall Street Journal22d agoneutral
Google Details Size of SpaceX Stake

$94.1 billion That’s how much in SpaceX shares Google parent Alphabet owns. Based on SpaceX's current market cap of $1.53 trillion, that's a roughly 6% stake. The tech conglomerate's marketable equity securities include $80 billion in SpaceX shares subject to short-term restrictions on the ability to sell and $14.