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Investing.com -- Bank of America has raised its 2030 server CPU total addressable market estimate to more than $170 billion from $125 billion, arguing that agentic AI is driving a near-fivefold expansion in CPU demand and lifting price objectives across several semiconductor names.
SpaceX could raise about $75 billion and reach a $1.8 trillion valuation.
Brad Blum knows better than most that it's never what you say that makes a great leader. Few actions in Blum's lifetime reflect that better than when, as a product manager for the Wheaties cereal brand at General Mills, he was touring a cereal production facility back in the mid-1980s, when a Black factory worker looked Blum in the eye and asked: Why hasn't a Black person been on a Wheaties package? Blum had no answer.
The chip giant is joining with the maker of AI note-taking technology to train a model tailored for clinical conversations.
Citigroup is establishing a way for its wealthy and institutional clients to trade shares of private companies through a blockchain, a venture it hopes will be adopted by other banks across Wall Street. The bank said it is in discussions with some of the largest private companies to get involved. The venture is intended to broaden access to private firms at the same time companies are taking longer to go public, and Wall Street has been in a frenzy over the coming blockbuster stock-market debuts of SpaceX, Anthropic and others.
SpaceX won't be the only company that benefits if it has a successful IPO.
Investing.com -- Oppenheimer said Thursday that it has raised its Tesla estimates given the SpaceX IPO but pushed back on the merger narrative gaining traction among investors, arguing that two separate public companies better serve CEO Elon Musk's long-term AI ambitions.
Helix Digital Infrastructure will “serve as a single coordination point for hyperscalers’ data centers, power, connectivity and related needs,” KKR said.
Helix Digital Infrastructure will “serve as a single coordination point for hyperscalers’ data centers, power, connectivity and related needs,” KKR said.
Dana said it agreed to combine with Eaton’s Mobility business in a $5.1 billion deal, aiming to create a more comprehensive supplier serving commercial- and light-vehicle markets.
Stocks looked poised for a rebound today, as investors shrug off mounting U.S.-Iran tensions and Oracle earnings that highlighted the huge cost of the AI boom.
Energy Fuels (UUUU) expects finished uranium production at its White Mesa Mill to reach approximatel
The IPO market could finally be getting its moment in 2026. A number of high-profile private companies are expected to pursue public listings, giving investors one of the most anticipated IPO calendars in years. SpaceX has set its initial public offering price at $135 a share, targeting a valuation ...
The OSFI has said it's working on making the path to a federal banking licence 'quicker, clearer and more predictable'
Elon Musk's rocket company SpaceX will make its debut on Wall Street Friday and both institutional and retail investors are expected to gobble up the 555.6 million shares going up for sale at $135 apiece. In a video conference on Musk's social media platform X, he told JPMorgan CEO Jamie Dimon that people have suggested for the last 10 years that he take SpaceX public. SpaceX is likely to become the biggest IPO ever, with proceeds of around $75 billion.
Elon Musk is set to make a virtual appearance at a technology event hosted by semiconductor equipment leader ASML on Thursday, where he is expected to discuss Terafab, his proposed large-scale semiconductor manufacturing project designed to supply chips for Tesla (NASDAQ:TSLA) and SpaceX (NASDAQ:SPCX). The appearance comes as investors await the pricing of SpaceX’s initial public offering, which is expected later on Thursday and could become the largest IPO ever completed.
CFTC moves to formalize prediction market oversight. Rule could reshape the battle between prediction markets and sportsbooks. Federal versus state authority remains unresolved. A proposal ...
Initial public offerings of AI giants were seen by many investors as a can’t miss opportunity, but it’s little wonder markets are getting cold feet. Say it was a hot spring in New York and you wanted to place a bet on Polymarket about the temperature reaching 100 degrees in Central Park this month.
Oracle’s guidance overshadows growth from the cloud, inflation could keep Fed on “prolonged hold,” SpaceX stock gets its first analyst, and more news to start your day.
SpaceX will debut on the public markets, having raised at least $75 billion at a valuation of $1.78 trillion, making it the largest initial public offering ever.
SpaceX (SPCX) started trading on Friday following the biggest IPO ever.
SpaceX's priced its IPO Thursday night ahead at $135 a share ahead of the stock's debut on the Nasdaq on Friday, June 12.
SpaceX's record-breaking IPO enters its final stretch, with the deal set to "price" Thursday night ahead of the stock's debut on the Nasdaq on Friday, June 12. But this pricing night will look nothing like the ones Wall Street, and investors, are used to.
Charging users for subscriptions is Meta Platforms' latest bid to build a business outside advertising. The growing cost of AI means that Meta badly needs the plan to work, but its chances don’t look great.
SpaceX's market debut on Friday is expected to be the largest-ever IPO, capping the meteoric rise of a company that has reshaped the space business with reusable rockets and internet beamed from orbit and which now targets space-based AI. Aiming for a $1.75 trillion valuation that would instantly rank it among the world's most valuable companies, SpaceX is pitching itself as humanity's ticket to Mars. Its financials, though, show a company whose aggressive spending on computing power for AI and developing a new rocket has overwhelmed the profits from its Starlink satellite internet service.
By Jason Lange and Joey Roulette WASHINGTON, June 11 (Reuters) - Even before going public, Elon Musk’s SpaceX has become a household name in America — more widely recognized than legacy Apollo-era
Even before going public, Elon Musk’s SpaceX has become a household name in America — more widely recognized than legacy Apollo-era companies and even prominent 2028 presidential hopefuls, according to a Reuters/Ipsos poll. For the last decade, SpaceX rockets have regularly returned to ocean platforms or giant mechanical arms on the launchpad in controlled landings that resemble science fiction. Just 13% say they have never heard of SpaceX.
(Bloomberg) -- The initial public offering for SpaceX is poised to generate billions of dollars in profits for the fortunate few investors who got in early on Elon Musk’s rocket, satellite and artificial intelligence company.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Xbox Plans Significant Layoffs as New CEO Plans OverhaulUS Strikes Iran in Trump Escalation Over Stalled Peace TalksTech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets WrapH-1B Visa Ru
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