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SpaceX Just Passed TSM. Can It Overtake Amazon This Week?
24/7 Wall St.61d agoneutral
SpaceX Just Passed TSM. Can It Overtake Amazon This Week?

SpaceX (NASDAQ:SPCX) spent more than two decades transforming itself from an ambitious rocket startup into one of the world’s most important technology companies. Today, it dominates commercial space launches, operates the largest satellite internet network through Starlink, and has expanded into markets that span telecommunications, defense, aerospace, and space exploration. Led by Elon Musk, the ... SpaceX Just Passed TSM. Can It Overtake Amazon This Week?

Tech Weekly: A blockbuster IPO, a sweeping online block
Reuters Videos61d agoneutralVIDEO
Tech Weekly: A blockbuster IPO, a sweeping online block

<body><p>STORY: From a record-breaking IPO to a far-reaching online ban, this is Tech Weekly.&nbsp;</p><p>:: Tech Weekly</p><p>SpaceX on Thursday priced the biggest-ever U.S. initial public offering, raising a record $75 billion.&nbsp;</p><p>It’s made Elon Musk’s rocket and spacecraft manufacturer one of the world’s most valuable companies.</p><p>Selling 555.56 million shares at $135 apiece, the company was valued at $1.77 trillion.&nbsp;</p><p>Thursday’s pricing supports Musk's most ambitious project yet - even as some analysts question whether its lofty valuation is justified.</p><p>The company said Monday its underwriters had exercised the so-called "greenshoe" option to purchase additional shares.</p><p>Microsoft has been sued by shareholders who say they've been defrauded.&nbsp;</p><p>They’ve said the tech giant inflated its stock price by failing to disclose slowing growth in its Azure cloud business.</p><p>And failing to disclose the need to spend billions of dollars on AI infrastructure.&nbsp;</p><p>The proposed class action, filed Friday, was prompted by Microsoft shares falling 10% on January 29 after an earnings report.</p><p>About $357 billion of market value was erased, and Microsoft's stock suffered its biggest one-day decline in nearly six years.</p><p>Microsoft said on Monday it believes the claims are "without merit”.&nbsp;</p><p>British Prime Minister Keir Starmer said on Monday he would ban social media sites for under-16s..</p><p>And impose restrictions on gaming and livestreaming platforms for the age group.&nbsp;</p><p>This amounts to some of the world's most far-reaching online restrictions, with the ban coming into place by next spring.</p><p>He said this would help protect children online while pushing back against the power of big technology companies.</p><p>"At the moment, strangers can contact any child unchecked. Just think about that. Is there a situation in the offline world where you would just let your child pair up with a stranger, an adult that you don't know anything about?”</p><p>Ford and other automakers are scrambling to obtain U.S. government authorization to continue selling certain models - despite being on the market for years.&nbsp;</p><p>It’s due to a U.S. ban on Chinese-developed and -maintained software in connected vehicles.&nbsp;</p><p>Ford told Reuters it’s asked the U.S. Commerce Department for authorization to continue importing its China-built Lincoln Nautilus SUV.</p><p>And said despite its tech being built in the U.S., its installation in China now requires government approval.&nbsp;</p><p>Lawmakers have ​proposed making the rules even tougher.</p></body>

SpaceX Agrees $60 Billion Stock Deal to Acquire AI Coding Platform Cursor
InvestorsHub61d agoneutral
SpaceX Agrees $60 Billion Stock Deal to Acquire AI Coding Platform Cursor

SpaceX Expands AI Ambitions with Major Software AcquisitionSpaceX (NASDAQ:SPCX) announced on Tuesday that it has reached an agreement to acquire Anysphere, the developer behind the artificial intelligence coding platform Cursor, in an all-stock transaction valued at $60 billion. The deal marks one of the largest acquisitions in the AI software sector and further broadens SpaceX’s presence in artificial intelligence following its recent public market debut.

SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push
Reuters61d agobullish
SpaceX to buy AI coding startup Cursor for $60 billion in enterprise push

Elon Musk's SpaceX said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, ‌for $60 billion, in a bid to ramp up its presence in the ‌enterprise AI market. The announcement comes just days after Musk took his rockets-to-AI company public in a blockbuster ​Nasdaq debut that valued the firm at more than $2 trillion and immediately made it one of the world's most valuable companies. SpaceX said it expects the merger to close during the third quarter of 2026.

U.S.-Iran Agreement, BOJ Rate Hike and SpaceX Rally Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures
InvestorsHub62d agobullish
U.S.-Iran Agreement, BOJ Rate Hike and SpaceX Rally Drive Market Attention: Dow Jones, S&P, Nasdaq, Wall Street Futures

Global markets were broadly cautious on Tuesday as investors assessed the implications of a preliminary peace agreement between the United States and Iran, monitored a surprise policy move from the Bank of Japan and continued to track the extraordinary post-IPO surge in SpaceX (NASDAQ:SPCX). Futures Trade in Narrow Range Ahead of Fed MeetingU.

Will The Fed Kill The S&P 500's Relief Rally?
Trefis62d agobullish
Will The Fed Kill The S&P 500's Relief Rally?

The S&P 500 closed Monday at 7,554.29, up 1.65%, as the Nasdaq surged 3.1%. This sharp rally appeared closely tied to geopolitical developments. On Sunday, June 14, President Trump announced the US-Iran peace deal via Truth Social, simultaneously authorizing the toll-free reopening of the Strait of Hormuz and removing the naval blockade. Consequently, WTI crude dropped roughly 5% to around $80, while Brent fell to $83, their lowest levels in months. The S&P now walks into one of the most consequ

Scottish Mortgage leads FTSE 100 as SpaceX debut lifts its biggest holding
Proactive62d agoneutral
Scottish Mortgage leads FTSE 100 as SpaceX debut lifts its biggest holding

Scottish Mortgage Investment Trust PLC (LSE:SMT) climbed around 3% to lead the FTSE 100 on Tuesday morning, buoyed by the blockbuster stock market debut of SpaceX (NASDAQ:SPCX), the AI, rocket and satellite company that is its largest single holding. The Baillie Gifford-managed investment...

SpaceX IPO Puts Spotlight On Sandisk’s AI Memory Demand Story
Simply Wall St.62d agoneutral
SpaceX IPO Puts Spotlight On Sandisk’s AI Memory Demand Story

SpaceX has completed an IPO, unlocking fresh capital for expansion into AI and data infrastructure. Investors are watching how this new AI push could translate into demand for high performance memory products. Sandisk, traded as NasdaqGS:SNDK, supplies memory solutions that are widely used in data intensive computing. For you as an investor, the key link is between SpaceX's new funding and the hardware needed to support AI workloads. AI models require fast, reliable storage and memory, and...

SpaceX Appetite Among Crypto Retail Investors Bigger Than Expected, Says Top Analyst—Points To Billions In Derivatives Traded On Binance
Benzinga62d agoneutral
SpaceX Appetite Among Crypto Retail Investors Bigger Than Expected, Says Top Analyst—Points To Billions In Derivatives Traded On Binance

Influential analyst Ali Martinez spotlighted on Saturday the strong demand for Space Exploration Technologies Corp. (NASDAQ:SPCX) among cryptocurrency investors. ‘Demand Was Always There’ In an X post, Martinez said that the “appetite” for the newly listed space giant is “bigger” than what they expected. The analyst cited CoinMarketCap data showing billions traded in SpaceX-linked cryptocurrency products across the market since the stock's debut on Wall Street. In the past 24 hours, approximatel

Elon Musk drops trillion-dollar message to SpaceX investors
TheStreet62d agobearish
Elon Musk drops trillion-dollar message to SpaceX investors

SpaceX (SPCX) investors have had plenty to digest after the company’s historic IPO, which sent its valuation to near $2.1 trillion on its first trading day, according to The Wall Street Journal. The stock priced at $135 closed near $160.95 and instantly became one of the most debated names on Wall ...