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SpaceX stock defies latest Wall Street forecasts
TheStreet30d agoneutral
SpaceX stock defies latest Wall Street forecasts

SpaceX (SPCX) went public a month ago as the biggest IPO in history. Today, it trades below its opening price. Shares of Space Exploration Technologies slipped to a record low near $139 on Monday, even as the company cleared a Starship mishap probe ahead of its next test flight, according to ...

Anthropic Reportedly Taking New Steps Toward Mega-IPO In Race With OpenAI, DeepSeek
Investor's Business Daily30d agoneutral
Anthropic Reportedly Taking New Steps Toward Mega-IPO In Race With OpenAI, DeepSeek

Anthropic is looking to kick off meetings for its blockbuster initial public offering in the coming weeks, according to a Bloomberg report. The move could help put the AI chatbot maker's IPO firmly ahead of rival OpenAI's. The banks leading Anthropic's much-anticipated IPO are setting up meetings for the company with investors, according to the Bloomberg report, which cites unnamed sources.

Amazon to launch S.Africa satellite internet as Starlink awaits licence
AFP30d agoneutral
Amazon to launch S.Africa satellite internet as Starlink awaits licence

Amazon said Wednesday it will launch satellite internet services in South Africa, entering a market where rival Elon Musk's Starlink has struggled to secure regulatory approval.Under the deal, Herotel -- South Africa's largest fixed internet service provider -- will use Amazon Leo's technology to offer a new service called Evry, slated for launch commercially in 2027.

How crypto is already trading China's most anticipated AI chip IPO
Yahoo Finance Video30d agoneutralVIDEO
How crypto is already trading China's most anticipated AI chip IPO

Chinese chipmaker ChangXin Memory Technologies (CXMT) is preparing for an IPO. Scott Melker explains how the crypto market is already offering pre-IPO trading. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

SpaceX Shares Fall Below IPO Price for the First Time
The Wall Street Journal30d agobearish
SpaceX Shares Fall Below IPO Price for the First Time

Shares slipped 2.5% to $132.72 in recent trading. Over the past month they have edged lower; even SpaceX’s addition to the Nasdaq-100 index didn’t boost them. SpaceX is hardly the first big IPO to struggle in early days or weeks of trading.

Amazon Leo to bring satellite internet to South Africa in 2027
Reuters30d agoneutral
Amazon Leo to bring satellite internet to South Africa in 2027

JOHANNESBURG, July 15 (Reuters) - Amazon's low-earth orbit satellite internet venture Amazon Leo has signed an agreement with South Africa's Herotel ‌to launch a new broadband service aimed at connecting underserved ‌rural communities, it said on Wednesday. Under the agreement, Herotel, South Africa's largest fixed internet service provider, ​will use Amazon Leo's satellite technology to offer a new service called evry, which is expected to launch commercially in 2027 for residential customers.

Stripe eyes PayPal with reported $53 billion offer
Yahoo Finance Video30d agoneutralVIDEO
Stripe eyes PayPal with reported $53 billion offer

Scott Melker discusses the latest crypto-related headlines, including Stripe's offer to buy PayPal PYPL (PYPL) and Michael Saylor's Strategy (MSTR) selling $467 million worth of its own shares to raise more capital. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

SpaceX shares slide below IPO price for the first time as blistering rally unravels
Reuters30d agobullish
SpaceX shares slide below IPO price for the first time as blistering rally unravels

SpaceX shares dropped below their initial public offering price on Wednesday, a first for the company, just over a month after a frenzy over the rockets-to-AI firm powered the biggest IPO ever and made Elon ‌Musk the world's first trillionaire. Its shares slid 1.9% to $133.5, falling below the $135 apiece IPO price and well below the all-time ‌high of $225.64 that had propelled the company's market valuation briefly above those of Silicon Valley giants Microsoft and Amazon. The decline leaves investors who bought into the company ​at the IPO price sitting on paper losses for the first time, potentially testing confidence in the stock.

Bloomberg30d agoneutral
AI Push to M&A-Starved Loans Gains Fuel With Supersized QTS Deal

(Bloomberg) -- Wall Street banks, scouring every corner of the capital markets to finance the artificial intelligence buildout, have landed on a new pool of funds: US leveraged loans, which are clamoring for the transactions amid a dearth of buyout deals.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI CompanionTrump Drops 20% Fee for Hormuz Cargo After Gulf PressureUS Hits Iran With Strik