News

Did SpaceX just boot Tesla from the Magnificent Seven? With its first trading-day valuation of $2.1 trillion, SpaceX is worth more than Tesla ($1.8 trillion based on its fully diluted share count) and Meta Platforms. The top six U.S. companies by market value are now Nvidia, Alphabet, Apple, Microsoft, Amazon.com, and SpaceX.

Waymo, Alphabet's autonomous driving unit, acquired Apple's former self driving test facility in Arizona, expanding its access to a dedicated proving ground. Alphabet (NasdaqGS:GOOGL) is playing a central role in Anthropic's US$35b AI data center financing, supplying chips and acting as a financial guarantor. These moves link Alphabet more closely to both physical mobility networks and large scale AI infrastructure build outs. Alphabet, through Waymo and Google Cloud, now touches two core...

SpaceX’s soaring shares, which brought the company’s market value to $2.1 trillion on Friday, was a stunning debut for the first of what could be three of the largest IPOs in history. AI giants Anthropic and OpenAI have filed paperwork in preparation for potential public listings and could IPO later this year. What does SpaceX say about investor appetite for AI?

(Bloomberg) -- The US Justice Department has closed its antitrust probe into Paramount Skydance Corp.’s $110 billion purchase of Warner Bros. Discovery Inc., according to people familiar with the decision.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulSpaceX Shares Close 19% Higher After Historic $75 Billion IPOTrump Insists Iran Deal Is Close

The Standard & Poor's 500 index rose 0.7% this week as the US edged closer to signing a peace deal w

Check out the companies making headlines this week:

SpaceX and lead IPO banker Goldman Sachs began meeting with prospective IPO investors back in January, Axios has learned.

The implications of Musk’s staggering wealth are being felt in Nashville and across Tennessee, as Musk-tied projects reshape the environment, above and below ground.

Brad Gerstner’s Altimeter Capital fully exited its entire 519,290-share Alphabet (NASDAQ:GOOGL) position in Q1 2026, according to the firm’s 13F filed May 15, 2026 (SEC CIK 0001541617). In its place, Gerstner opened two brand-new positions that did not exist in the prior quarter: 1,715,440 shares of Arm Holdings (NASDAQ:ARM) worth roughly $259.5 million, and 148,986 ... Billionaire Brad Gerstner Dumped All of His Alphabet Then Bought 2 Stocks Nobody Expected

(Bloomberg) -- SpaceX decided to rent out the full capacity of its Colossus 1 data center in Memphis to Anthropic PBC after encountering technical challenges using the facility to develop and run its Grok artificial intelligence models, according to people familiar with the matter. Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Insists Ir

The march of trillicorn initial public offerings doesn’t portend doom for investors. But it’s worth keeping an eye on just the same.

Scott Melker is joined by Phong Le Strategy CEO discusses all things bitcoin. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.

Uber Technologies (UBER) is evolving into a "diversified everything app" from predominantly a ride-h

With the stock trading and early Wall Street estimates rolling in, it's possible to reexamine SpaceX fundamentals. SpaceX shares were at $166 in midday trading on Friday, up nicely from their $135 IPO price. The valuation is also about 220 times estimated 2026 earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $10 billion and 96 times estimated 2027 Ebitda of $23 billion.

SpaceX just rewrote the IPO record book. The company sold more than 555 million shares at $135 each, raising $75 billion and landing a valuation of nearly $1.8 trillion. According to CNBC’s Melissa Lee, that places SpaceX as the seventh most valuable U.S. company, ahead of Tesla (NASDAQ:TSLA), and pushes Elon Musk to the edge ... SpaceX Raises Record $75 Billion in Historic IPO, Reaches $1.8 Trillion Valuation

The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […]

SpaceX’s record-shattering IPO shows investors are eager to write big checks to finance the artificial-intelligence buildout, according to Goldman Sachs President John Waldron. “The capital markets are demonstrating a willingness to finance these extraordinary companies as we build out this AI infrastructure,” said Waldron in an interview with Bloomberg TV.

These two technology giants are already monetizing artificial intelligence (AI) technologies at an impressive pace.

Section 230 protects tech platforms like Meta's Facebook and Google's YouTube from liability for user content. A horde of lawsuits could change that.

Management has gone quiet on the geopolitical cost pressures that once dominated its calls, but the new, unquantified component headwind they're flagging instead could pose a more direct threat to record profits.

Apple Inc. (NASDAQ:AAPL) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Talking about tech companies that would be able to get out of “out of this morass,” Cramer said: And then the next one is Apple. Still has a balance sheet that’s fantastic. Still has […]

Meta Platforms, Inc. (NASDAQ:META) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore. Cramer mentioned the company while discussing the Magnificent Seven, as he commented: The hallmark of the Magnificent Seven: bulletproof balance sheets. That’s what allowed them to have these robust buybacks. They were tight. […]

Google and Amazon could cement their cloud-computing dominance as artificial intelligence gets more expensive and complex.

Investing.com -- A wave of mega IPOs from SpaceX, Anthropic, and OpenAI, alongside fresh share sales from AI hyperscalers, could pose a significant test for the stock market, according to Capital Economics, which warned that surging equity supply has historically coincided with the late stages of major equity booms.

When 13F filings for Q1 2026 hit in May, the smart-money positioning on Alphabet (NASDAQ:GOOGL) split clean down the middle. On the sell side, Stanley Druckenmiller exited his entire 385,000-share position (roughly $153 million), Brad Gerstner’s Altimeter sold all 519,290 shares (roughly $162.5 million), and Bill Ackman trimmed his Class C holding from about 6.1 ... 3 Billionaires Dumped Alphabet in Q1. 2 Billionaires Bought More. The Winners Are Clear

AI hyperscaler CapEx spending is now the single biggest variable in the U.S. power equation. Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL) are collectively guiding to $710B+ in combined 2026 CapEx, and the EIA’s Annual Energy Outlook 2026 now models data center server electricity use growing to 818 billion kilowatthours in 2050, more ... 3 Nuclear Energy Stocks Powering the AI Boom in June

<body><p>STORY: SK Hynix is looking to choose the Nasdaq for its planned U.S. listing.</p><p>That's what two sources told Reuters.</p><p>The planned listing could come as soon as August and follows a 230% surge in the company's share price this year.</p><p>The U.S. listing is expected to widen the company's investor base and raise its profile among global investors.</p><p>The sources said the company chose Nasdaq over the New York Stock Exchange.</p><p>SK Hynix declined to comment.</p><p>Nasdaq wasn't immediately available ​for comment outside business hours.</p><p>Nasdaq is home to many of the world's largest tech firms and chipmakers.</p><p>It includes Nvidia, Microsoft, Alphabet and other heavyweights.</p><p>SK Hynix is the world's second-largest memory chipmaker and a key supplier to Nvidia.</p><p>The CEOs of both companies met in South Korea earlier this week.</p><p>They said they signed a multi-year technology partnership that would advance next-generation memory for global AI data centers.</p><p>SK Hynix is a big player in the AI boom due to its dominant position in high-bandwidth memory chips used in AI servers.</p><p>Reuters earlier reported SK Hynix received - quote - "tremendously positive" feedback on the U.S. listing plan.</p><p>The firm cited strong AI demand and its position in the memory-chip market.</p></body>

We just covered Harvard University Stock Portfolio 2026: Top 10 Picks. Broadcom (NASDAQ:AVGO) ranks #6 (see Harvard University Stock Portfolio 2026: Top 5 Picks). Harvard’s Stake: $146,681,741 Broadcom (NASDAQ:AVGO) is up roughly 48% over the past year, yet bulls believe there is still meaningful upside ahead. The core reason is simple: the custom AI chip […]

We just covered Harvard University Stock Portfolio 2026: Top 10 Picks. Alphabet Inc. (NASDAQ:GOOGL) ranks #3 (see Harvard University Stock Portfolio 2026: Top 5 Picks). Harvard’s Stake: $177,413,018 Alphabet (NASDAQ:GOOGL) is proving the AI doubters wrong. The fear was that AI would cannibalize Google Search. The reality is the opposite. Search is growing faster because […]

Nvidia stock could be in line for a long-term boost if Elon Musk’s SpaceX makes a successful transition to public markets. Nvidia shares were down 0.2% at $204.32 in early trading Friday. The stock is down 9.1% over the past month, with investors seemingly wary of competition in artificial-intelligence chips.