SpaceX is officially set for the largest IPO on record. Elon Musk’s reusable rocket company is raising $75 billion, selling 555.6 million shares for $135 a piece, according to a filing with the Securities and Exchange Commission. The deal values SpaceX at $1.77 trillion, making it the seventh most-valuable U.S. company, ahead of Tesla, Musk’s…
HANGZHOU, CHINA – JUNE 02: General Secretary of the Lao People’s Revolutionary Party Central Committee and Lao President Thongloun Sisoulith watches DR02 humanoid robot performance at Deep Robotics on June 2, 2026 in Hangzhou, Zhejiang Province of China. Wang Gang | China News Service | Getty Images The rush of capital into China’s tech start-up…
SpaceX’s initial public offering this week is set to be the biggest ever in history, flooding the stock market with new shares that begs the question: where is the money going to come from? As far as Wall Street is concerned, the stock market has what it takes to absorb the new equity supply. In…
As seen from Canaveral National Seashore, a SpaceX Falcon 9 rocket carrying 60 Starlink satellites launches from pad 39A at the Kennedy Space Center on October 6, 2020 in Cape Canaveral, Florida. This is the 13th batch of satellites placed into orbit by SpaceX as part of a constellation designed to provide broadband internet service…
CNBC’s Jim Cramer said Wednesday that one of the biggest risks facing the upcoming SpaceX IPO isn’t a lack of demand — it’s the possibility that too many investors are looking for a quick profit. “The speculators aren’t there for the long haul. They may not even be there for the afternoon,” the “Mad Money”…
Oracle reported better-than-expected earnings and revenue for the fiscal fourth quarter on Wednesday while also raising its profit forecast for the year. The stock dropped 7% in extended trading as the company plans to raise more money to finance its AI buildout. Here’s how the company did in comparison with LSEG consensus: Earnings per share:…
wingcompany owned by alphabet delivers groceries And even coffee using autonomous drones is entering seven more US cities through its partnership with Walmart. The expansion is part of a broader plan to build a drone delivery network to more than 270 Walmart locations by next year. The new markets include Memphis, New Orleans, Philadelphia, Phoenix,…
Rita Ferro at Disney Upfront 2026. Courtesy: Disney Co. As Rita Ferro, Disney president of global advertising, prepared to take the stage at the company’s recent upfront presentation, she had actor Paul Anthony Kelly on her mind. Kelly recently portrayed John F. Kennedy Jr. in the limited FX TV series “Love Story,” and met Ferro…
Hollywood can breathe a sigh of relief: Generation Z is not only going to the movies, it’s driving box office growth. During the pandemic, when theaters shut down and streaming became a dominant force in the media landscape, fears rose that this young cohort would shun the big screen as they matured into more engaged…
Foundation Future Industries, a start-up founded in 2024, aims to leverage humanoid robots for military and industrial work, rather than household tasks and the service sector. Foundation Future Industries As Silicon Valley races to build humanoid robots that can fold laundry and pour a latte, at least one start-up sees a very different use for…
