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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

(Bloomberg) -- Senator Elizabeth Warren introduced a bill requiring financial institutions to disclose their exposure to artificial intelligence companies, continuing her push for more scrutiny on the sector’s funding. 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 Rules Ha

SpaceX is seeking to sell 555 million shares at $135 each, raising $75 billion and valuing the rocket maker at $1.77 trillion — making it one of the largest public companies.

Size creates attention. SpaceX is targeting a raise of approximately $75 billion at a fixed IPO price of $135 per share, implying a valuation of up to $1.75 trillion.

Charging users is the latest idea to expand beyond ads—a pickle Meta isn’t likely to get out of soon.

The week SpaceX launches its highly-anticipated initial public offering. Chairman and CEO of Voyager Technologies Dylan Taylor says ultimately more attention on the space sector will be good for the industry as a whole. Taylor spoke to Bloomberg TV's Francine Lacqua on Wednesday June 10.

Caveat emptor, retail investors!

Chewy flags softer consumer spending, trims FY26 sales outlook, but holds margin targets while ramping clinics, health and AI.

Wall Street remains divided on the ADBE’s near-term outlook, with the majority of the analysts rating the stock ‘Hold.’

June 11 (Reuters) - U.S.-based real estate firm Opendoor will shutter its India operations and lay off all 250 employees in the country as it shifts to greater use of AI, Chief Executive Kaz Nejatian

As SpaceX prepares for its record-breaking $75 billion market debut with great fanfare, Wall Street traders, brokers and exchanges are working nonstop to make sure their trading systems can handle the blockbuster IPO and avoid the chaos that marred other highly anticipated launches. Weighing heavily is Facebook's infamous debut in ‌2012, which was upended by technical glitches that turned into hours of uncertainty over whether trades had been properly executed, ultimately costing market-makers hundreds of millions of dollars. Financial firms have undergone ‌weeks of preparation to ensure SpaceX's Friday trading debut is a success, particularly ahead of other blockbusters expected later this year from Anthropic and OpenAI.

As of one year ago, UnitedHealth Group (UNH) was experiencing a severe and volatile downward correction, trading at approximately $300 to $312 per share. Down from its all-time closing high of $603.20 in November, 2024. The CEO, Andrew Witty, had suddenly stepped down, the company pulled its ...

(Bloomberg) -- When Applied Digital Corp. first tapped the junk-bond market in November to fund a data center project tied to CoreWeave Inc., it had to stomach a hefty yield to get the deal done. Fast forward to this week, and borrowing costs for another portion of the same project tumbled.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 Sto

Oracle shares fell in the Thursday premarket after the company reported mixed earnings results for its fiscal fourth quarter after the Wednesday bell. Oracle also said that its capital expenditures for the current fiscal year would be around $70 billion, plus another $20 billion to $25 billion paid directly by customers. In its just ended fiscal 2026 year, Oracle’s capex was $56 billion, up from $21 billion in fiscal 2025.

Investing.com -- Shares in SAP (NYSE:SAP) (ETR:SAPG) dropped more than 4% after rival Oracle (NYSE:ORCL) unveiled capital spending plans for fiscal 2027 that came in well above Wall Street expectations.

Oracle expects a net cash outlay for capital expenditures of around $70 billion for fiscal 2027, Chief Financial Officer Hillary Maxson said Wednesday. The reported amount will be higher by about $20 billion to $25 billion due to prepayment and customer impacts.

Investors are counting down to the end of the week when Elon Musk’s SpaceX is expected to start trading in what could be the largest IPO on record. Some analysts have blamed recent volatility to investor repositioning ahead of the first trades.

(Bloomberg) -- Meta Platforms Inc. has completed an operational split from Manus and halted data sharing between the two companies, taking a pivotal step toward unwinding a $2 billion acquisition opposed by Beijing.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 Rules Have C

Elon Musk is expected to appear virtually at an event by computer chip ‌equipment giant ASML on Thursday to discuss Terafab, his ‌plan for a massive chipmaking plant to supply Tesla and IPO-bound SpaceX. The pricing of ​the initial public offering of Musk's SpaceX, potentially the largest ever, is expected later on Thursday. "Musk will share his vision on AI, robotics, space, and semiconductor manufacturing," an ASML spokesperson said in a statement.

SpaceX's IPO has reportedly attracted demand far exceeding available shares, with only about 7% of stock expected to be freely tradable after listing.

Germany’s Neura Robotics said it secured up to $1.4 billion in funding to build a physical artificial intelligence platform, backed by Amazon Nvidia and the European Investment Bank. The robotics company on Wednesday said the funding aims to scale production to several million robots by 2030 as demand for physical AI expands across manufacturing, logistics, healthcare and consumer applications. The company, which reports an order backlog exceeding $1 billion, said it received backing from technology and financial players, including Tether, Amazon, Nvidia, Qualcomm Technologies Bosch, Schaeffler and the European Investment Bank.

The SpaceX IPO prospectus makes several bold claims.

The fine for the personal-data breach at the e-commerce company is the largest ever imposed on a single company in South Korea.

This phrase gets used loosely in technology investing: "platform shift." And most of the time, it’s actually an incremental change just dressed up in some dramatic language. And trust me when I tell you, what Cloudflare described at its 2026 Investor Day is something different. And even Morgan ...

The stock market debut of Elon Musk's AI and space company could make thousands of SpaceX employees significantly wealthier, including some of the firm's lowest-paid staff.View on euronews

The May Consumer Price Index was largely in line with expectations, with headline inflation rising 0.5% month-over-month and core CPI up 0.2%, one-tenth below forecasts. But inflation remains the economy's major pain point, regardless of who ultimately absorbs the costs, notes Peter Boockvar, editor of The Boock Report.