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Why One AI Giant Is Paying ~2.2X per GPU More Than What Anthropic Pays SpaceX
24/7 Wall St.68d agoneutral
Why One AI Giant Is Paying ~2.2X per GPU More Than What Anthropic Pays SpaceX

Just in time for that big SpaceX (SPCX) IPO, the firm announced that Alphabet‘s (NASDAQ:GOOG) Google has inked a $920 million per-month deal for AI compute that’ll run through the middle of 2029. Undoubtedly, the deal entails 110,000 worth of Nvidia (NASDAQ:NVDA) GPUs, which might seem like a worse deal than Anthropic got when it ... Why One AI Giant Is Paying ~2.2X per GPU More Than What Anthropic Pays SpaceX

3 Reasons Tesla Stock Is So Volatile This Week
Barrons.com68d agoneutral
3 Reasons Tesla Stock Is So Volatile This Week

Tesla stock was lower early Wednesday after a flare-up in tensions in the Middle East, leaving investors nervous. Shares of the electric-vehicle maker were down 1.5% at $390.91 in premarket trading, while and futures were down 0.8% and 0.7%, respectively. The move came after the U.S. military retaliated after Iran downed an Apache helicopter, threatening a fragile cease-fire.

A glossary to help understand what happens in an initial public offering
Associated Press68d agoneutral
A glossary to help understand what happens in an initial public offering

Anyone following SpaceX's plans to sell shares to the public is likely to hear terms thrown around that describe steps and components of an initial public offering. It is the first time a company's value will be determined by a public market. For example, Apple is traded as “AAPL” on the Nasdaq and Macy's is traded as “M” on the New York Stock Exchange.

At Musk’s Starbase, the rise of SpaceX brings fortunes and fractures
Reuters68d agoneutral
At Musk’s Starbase, the rise of SpaceX brings fortunes and fractures

The last time SpaceX launched a rocket in South Texas, charter boat captain Eddie Reyes was bobbing in a pontoon boat less than 2 miles from the pad with a group of paying passengers. The arrival of SpaceX has brought good business to Reyes and his family. Since the establishment of Starbase, Elon Musk’s company town, his charter boat business has picked up ‌as space fans flock to the area for a glimpse of launches.

Analysis-Why the blockbuster SpaceX IPO may spell more bad news for crypto
Reuters68d agoneutral
Analysis-Why the blockbuster SpaceX IPO may spell more bad news for crypto

SpaceX's much-anticipated $75 billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky artificial intelligence stocks scramble to get a slice of the action. Celebrity billionaire Elon Musk's ‌rocket and satellite communications company - which merged with his AI startup xAI earlier this year - is expected to fetch a valuation of around $1.75 trillion, ‌sparking a Wall Street and media frenzy. The company has set aside up to 30%, or $22.5 billion, of shares for retail investors, Reuters and other outlets have reported, in a rare move for a blockbuster IPO ​that historically have been dominated by institutional investors.

NYC Pensions Boss Says SpaceX’s Disregard for Shareholders Has ‘No Precedent’
Bloomberg68d agoneutral
NYC Pensions Boss Says SpaceX’s Disregard for Shareholders Has ‘No Precedent’

(Bloomberg) -- New York City Comptroller Mark Levine says the unprecedented control that Elon Musk will have over SpaceX represents a new level of disregard for regular shareholders’ rights.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran After Helicopter Downed, Testing Peace TalksUS Launches Strikes Against Iran After Helicopter Shot DownStocks Pare Tech-Led Drop as Rotation Gains Speed: Markets WrapSurface Naval Drone Rescued Downed US Apach