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Wealthy Clients Want 'Shiny Star' Investments, Says Rick Pitcairn
Bloomberg3d agoneutralVIDEO
Wealthy Clients Want 'Shiny Star' Investments, Says Rick Pitcairn

Rick Pitcairn, chairman and chief global strategist at family office Pitcairn, said its his job to tap the breaks on wealthy clients who want to put too much of their money in 'shiny star' investments like SpaceX or private markets. Pitcairn said that there is a role for private credit and private markets, but it should be inside a diverse portfolio.

Elon Musk Is Teasing a Tesla and SpaceX Merger Again
Barrons.com4d agoneutral
Elon Musk Is Teasing a Tesla and SpaceX Merger Again

Musk appeared on the All-In Podcast with SpaceX President Gwynne Shotwell. Collaboration between Tesla and SpaceX was also discussed, with Musk reviewing the Terafab chipmaking plant being jointly built by the two companies, as well as shared R&D that happens at Tesla’s manufacturing campus in Austin, Texas.

Anthropic Picks Nasdaq for Its $2 Trillion IPO, Tells Investors It Expects a Second Consecutive Profitable Quarter: Reports
Benzinga5d agoneutral
Anthropic Picks Nasdaq for Its $2 Trillion IPO, Tells Investors It Expects a Second Consecutive Profitable Quarter: Reports

Anthropic has reportedly selected Nasdaq as the venue for its planned initial public offering and has told a small group of investors it expects positive adjusted operating income for a second straight quarter. Nasdaq Wins Another Major AI Listing Anthropic is targeting an October listing on Nasdaq, Business Insider reported on Sunday, citing a person familiar with the matter. A listing there would also make the company eligible for inclusion in the Nasdaq 100 Index. The IPO could value Anthropi