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SpaceX IPO Could Mint Musk World’s First Trillionaire
The Wall Street Journal80d agoneutral
SpaceX IPO Could Mint Musk World’s First Trillionaire

Elon Musk could pass an unthinkable wealth threshold, becoming the world’s first trillionaire, depending on investors’ excitement for SpaceX shares when it goes public. If the company surpasses a valuation of about $1.7 trillion, then Musk’s slightly more than 40% stake, combined with his Tesla shares, would make him the first man with a net worth eclipsing 13 figures. The calculation omits restricted shares that SpaceX has granted to Musk, but which haven’t been earned, though it includes options he could exercise shortly.

Instant View: SpaceX files long awaited IPO, creating a fresh AI play
Reuters80d agoneutral
Instant View: SpaceX files long awaited IPO, creating a fresh AI play

Elon Musk's rocket and satellite maker SpaceX filed on Wednesday for its widely awaited initial public offering, which stands to raise the most ever ‌in an initial offering. "It's a little scary to come ​in and say, 'Yeah, let's go invest in ‌a $2 trillion company," hoping that they'll reach the stars.

SpaceX IPO Filing Finally Comes. Mars, Musk, and More Big Things to Watch.
Barrons.com80d agoneutral
SpaceX IPO Filing Finally Comes. Mars, Musk, and More Big Things to Watch.

The S-1 IPO registration statement for Elon Musk’s rocket company SpaceX arrived late Wednesday afternoon. Investors can download it here. The IPO is expected to raise a record amount of money, valuing Elon Musk’s company at roughly $2 trillion—enough to turn the world’s richest person into a trillionaire.

SpaceX IPO Set to Deliver Massive Returns to Investors
The Wall Street Journal80d agoneutral
SpaceX IPO Set to Deliver Massive Returns to Investors

SpaceX’s initial public offering is poised to yield historic returns for its investors, marking one of the largest financial windfalls in technology history. The biggest winners, according to the company’s IPO filing, are SpaceX board members, Antonio Gracias, who founded Valor Equity Partners, and PayPal co-founder Luke Nosek.

The road to SpaceX's juggernaut IPO
Reuters80d agoneutral
The road to SpaceX's juggernaut IPO

May 20 (Reuters) - Elon Musk's SpaceX filed for its hotly anticipated U.S. initial public offering on Wednesday, taking space exploration from a speculative venture to a mainstream investment theme.

OpenAI IPO Filing May Come As Soon As Friday: WSJ
Barrons.com80d agoneutral
OpenAI IPO Filing May Come As Soon As Friday: WSJ

ChatGPT parent OpenAI is working with bankers in preparation for filing an initial public offering that could arrive in the coming days or weeks, The Wall Street Journal reported, citing people familiar with the matter. The Journal, citing unnamed sources, reported that bankers at Goldman Sachs Morgan Stanley and other institutions have been helping OpenAI draft an IPO prospectus that it plans to file confidentially with regulators soon, and could be as soon as Friday. News Corp owner of The Wall Street Journal and Barron’s, has a content-licensing partnership with OpenAI.

SpaceX IPO set to bolster space ETFs: What it means for investors
Yahoo Finance Video80d agoneutralVIDEO
SpaceX IPO set to bolster space ETFs: What it means for investors

The much-anticipated IPO of Elon Musk's SpaceX (SPAX.PVT) could be coming to the launch pad as early as this June, with the public debut of the private space operator adding rocket fuel to related funds and the space economy as a whole. ETF.com president Dave Nadig goes over the ETFs that will benefit the most from SpaceX's mega-IPO event, the broad market exposure to the non-profit going public, and the institutions already engaging with the space funds.

Chipotle CEO shares a secret menu tip with customers
TheStreet80d agoneutral
Chipotle CEO shares a secret menu tip with customers

Social media sites such as Instagram and Reddit are full of food hacks and tips for getting the most out of eating out. Especially for places like Chipotle, where diners go for a bowl instead of a burrito, or get a tortilla on the side to stretch a single order. The goal is simple: get the ...

OpenAI Prepares to File for IPO Within Days or Weeks
The Wall Street Journal80d agoneutral
OpenAI Prepares to File for IPO Within Days or Weeks

OpenAI has been working with bankers to prepare to file for an IPO in the coming days or weeks, the Journal reported. Goldman Sachs, Morgan Stanley and other banks have been helping the ChatGPT maker on a draft prospectus it plans to file confidentially with regulators soon, possibly as early as Friday, people familiar with the matter said.

OpenAI Is Preparing to File for an IPO Very Soon
The Wall Street Journal80d agoneutral
OpenAI Is Preparing to File for an IPO Very Soon

ChatGPT-maker OpenAI has been working with bankers to prepare to file for an initial public offering in the coming days or weeks, according to people familiar with the matter. Bankers at firms including Goldman Sachs and Morgan Stanley have been helping the artificial-intelligence giant on a draft IPO prospectus it plans to file confidentially with regulators soon, possibly as early as Friday, some of the people said. The goal is for OpenAI, led by Sam Altman, to be ready to go public as early as September, some of the people said.

Intel shares rise on reports of Tenstorrent acquisition talks
Proactive80d agoneutral
Intel shares rise on reports of Tenstorrent acquisition talks

Intel Corp (NASDAQ:INTC, XETRA:INL) shares moved higher on Wednesday following reports that the company has shown early-stage interest in acquiring AI-chip startup Tenstorrent. According to Bloomberg, Tenstorrent has been working with investment banks to evaluate strategic options and has...

Red Cat Shares Rise Following Quaze Technologies Acquisition (RCAT)
InvestorsHub80d agoneutral
Red Cat Shares Rise Following Quaze Technologies Acquisition (RCAT)

Red Cat Holdings (NASDAQ:RCAT) shares gained 3% on Wednesday after the company completed its acquisition of Quaze Technologies, a Québec-based developer specializing in wireless power transfer systems for unmanned platforms. Quaze will continue operating as an independent business unit within Red Cat while advancing its wireless power technology for integration across the company’s product ecosystem.