News

Ex-Uber founder and CEO Travis Kalanick is back in the ride-hail business — but this time in the skies.

Ex-Uber founder and CEO Travis Kalanick is back in the ride-hail business — but this time in the skies.

Suze Orman walked through a real SpaceX IPO trade that turned $10,000 into roughly $5,600 in seven weeks, and her lesson has nothing to do with rockets or Elon Musk.

Uber is leaning into delivery services with its acquisition of Delivery Hero. Plus, GE Aerospace is having a hard time sourcing materials.

Uber is buying Delivery Hero in a deal valued at $14.8 billion but shareholders are more interested in a different part of its business.

The offer of €41.50 per share expands Uber's combined platform to 99 markets with $236 billion in gross bookings

Uber-backed Lime priced shares at $25 as it prepares to trade Wednesday on Nasdaq under LIME.

During an interview with CNBC, Ting said that Neutron Holdings, better known as Lime, focused on getting its economics and integration right.

Uber-backed Lime ‌has priced ‌its U.S. initial ​public offering at $25 per share, the midpoint ‌of ⁠the marketed range, Bloomberg ⁠News reported on Tuesday, ​citing ​a ​person familiar. Lime ‌did not immediately respond to a Reuters request for comment ‌outside ​regular ​business ​hours.

The Lime IPO will include a purchase of $20 million in shares by Uber, which is already a major backer of the e-scooter and bike firm.

Investing.com -- Lime, the electric bike and scooter rental company backed by Uber, plans to raise funds through a U.S. initial public offering that could value the firm at up to $1.66 billion.

The e-scooter and e-bike rental company is offering shares at $24 to $26 each, with Uber indicating interest in buying up to $20 million worth

The company develops technology it describes as the “brain” for autonomous vehicles. It sells driving assistance systems to carmakers.

Digital infrastructure company ITG is targeting a valuation of up to $2.67 billion in its U.S. market debut, joining ‌a string of issuers rushing to capitalize on AI-driven demand ‌and benefit from a busy summer IPO window. The post-SpaceX IPO market has remained busy as ​companies rush to seize the strong conditions for new listings before the traditional summer lull kicks in. Uber-backed ‌electric-bike startup Lime and ⁠silver miner Sinda also launched their U.S. initial public offering roadshows on Monday.

The Turkish Competition ‌Board said on Friday ‌it had approved Uber ​Technologies Inc.'s acquisition of the delivery arm of Turkey's Getir from ‌Emirati controlling ⁠shareholder Mubadala. "The commitment by Uber Technologies ⁠Inc. to invest a total of ​US$500 million ​in ​Turkey is expected ‌to support high-quality employment, strengthen local engineering capabilities, and positively contribute to the development ‌of Turkey's digital ​and technology ​infrastructure," ​the competition board ‌said. Uber said in ​February ​it had agreed to acquire Getir's delivery ​arm, ‌expanding the U.S.-based company's ​Turkish footprint.

The biggest IPOS in U.S. history include a major chipmaker, a ride-hailing firm and a handful of global telecoms.

SpaceX's market debut turned into a record retail buying event.

(Bloomberg) -- Taxi-hailing app provider Go Inc.’s shares advanced 10% in its trading debut on the Tokyo Stock Exchange on Tuesday, helping to support investor sentiment after the nation’s largest initial public offering so far this year. Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USStudios in Microsoft’s Xbox Division Brace for ClosuresNetanyahu Pays a Political Price for Trump’s Iran DealUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsUS a

The hotly anticipated IPO is set to be the largest in stock market history, and is more than 7.5 times Alibaba's IPO, in second place.

For much of the past month, Wall Street has been chanting the same three letters: SPCX, the Nasdaq ticker SpaceX intends to use when it begins trading on June 12, 2026. Retail investors have piled into the Destiny Tech100 vehicle, prediction markets have lit up, and r/wallstreetbets has turned a single post titled “$8 to ... SpaceX IPOs on Friday. The 55% rule says don’t chase it.

(Bloomberg) -- Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected a proposal that included relaxing the requirement that they be profitable.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapWhat to Expect From Apple’s AI, Siri and iOS 27 Launch a

40% of nearly 1,000 major companies surveyed by Bain & Company found cost reductions from AI use of just 10% or less.

Investing.com -- Food delivery giant Uber Technologies is pursuing a takeover of Delivery Hero in a deal that could reshape the global delivery industry, analysts said.

SpaceX already defies the law of gravity. The rocket maker is looking to raise as much as $80 billion or more in its initial public offering, making it the biggest ever in terms of funds raised. If its market value at offering reaches $1.71 trillion, that would top the previous record for valuation of a newly public company, set in 2019 by the Saudi Arabian Oil Co., known as Aramco.

The latest deal makes Uber the largest shareholder in the Berlin-based food-delivery company.

(Bloomberg) -- For years, there was only one way for mom-and-pop investors to buy into Elon Musk’s vision: shares of Tesla Inc. That’s about to change — and it’s a serious risk for Tesla investors. Most Read from BloombergStocks Fall, Oil Rises as Hormuz Deal Hopes Fade: Markets WrapBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil SanctionsUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpWinners and Losers From Trump and

Most people will focus on the Lime IPO, but there's a bigger opportunity with Uber.

As a potential competitor to Nvidia, Cerebras generated tremendous hype before its IPO.

The AI chipmaker priced at $185, planned to sell at $125, and cleared a $100 billion valuation before lunch, which is not bad for a company nobody had heard of 48 hours ago

The stock of artificial intelligence (A.I.) chipmaker Cerebras Systems (NASDAQ: $CBRS) nearly doubled in its market...