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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 ...
Most investors fear lingering inflation will chip away at Dollar General's foot traffic, which has defied the odds so far.
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 (NYSE:ORCL) reported quarterly earnings and revenue ahead of market forecasts on Wednesday and raised its outlook for annual adjusted earnings per share. Despite the strong operating performance, the stock fell 10.
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 (SPCX) started trading on Friday following the biggest IPO 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.
Buying SpaceX stock after June 12 is only one way to get exposure following the biggest IPO in history. Here are the three ways in, and what to know about each investment method.
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.
A short-term correction will not prevent long-term catalysts from taking shape.
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.
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
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