Elon Musk’s rocket maker SpaceX has acquired his artificial intelligence startup xAI in a deal that will value the company at $1.25 trillion, CNBC’s David Faber has confirmed. The record-setting deal will be the largest merger of all time and values SpaceX at $1 trillion and xAI at $250 billion, according to documents viewed by…
ServiceNow CEO Bill McDermott looks on during an “Invest America” roundtable discussion with US President Donald Trump in the State Dining Room of the White House in Washington, DC on June 9, 2025. Brendan Smialowski | AFP | Getty Images ServiceNow topped Wall Street’s fourth-quarter estimates after the bell on Wednesday, but shares fell more…
Benito Aguilar | Twenty20 Jason Gewirtz is vice president of news at CNBC. What follows is a personal account of his experience with a scammer. Last week my cell phone rang. It was about 1:30 p.m., and the iPhone ID showed the 650 area code, which I recognized as the San Francisco Bay Area. The caller…
A startup widely known as “ChatGPT for doctors” raised a new funding round that values the company at $12 billion. OpenEvidence, based in Miami, Florida, closed a $250 million financing, led by Thrive Capital and DST, the company told CNBC. The startup first raised outside capital in February, when it reeled in $75 million from…
Geopolitical tensions are shaking the cybersecurity tape, impacting Club names Palo Alto Networks , CrowdStrike , and Broadcom . But they’re not changing our investment theses. Reuters reported Wednesday that Chinese authorities have told domestic companies to stop using cybersecurity software from a handful of U.S. and Israeli firms, including Palo Alto Networks, CrowdStrike, Fortinet,…
George Conrades, then chairman and CEO of Akamai Technologies, listens during a meeting of the National Infrastructure Advisory Council in Washington on April 13, 2004. Jay Mallin | Bloomberg | Getty Images Oracle said Friday that two longtime directors, both octogenarians, have resigned from the board. George Conrades, former CEO of content network distribution company…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Software startup NinjaOne has surpassed $500 million in annual recurring revenue, or ARR, the company announced Tuesday. The IT management platform saw revenue grow nearly 70% year over year and its customer base increase more than 60% over the last year to 35,000. President and…
For investors looking for a cybersecurity comeback story, Palo Alto Networks may be quietly writing one. 2025 performance: 1.2% Forward price-to-earnings multiple: 43.7 versus a five-year average of 53, according to FactSet data. Our rating: Buy-equivalent 1 Our price target: $225 a share PANW YTD mountain PANW stock performance YTD. With a roughly 1% gain…
Oracle CEO Clay Magouyrk speaks at a Q&A session following a tour of the OpenAI data center in Abilene, Texas, on Sept. 23, 2025. Shelby Tauber | Pool | Reuters Three months ago Oracle named Clay Magouyrk and Mike Sicilia as its new CEOs. They’re off to a rough start. Oracle shares have plummeted 30%…
ServiceNow will acquire cybersecurity startup Armis in a cash deal valued at $7.75 billion, the company said Tuesday. The enterprise software company said the deal will bolster its cybersecurity capabilities in the age of artificial intelligence and more than triple its market opportunity for security and risk solutions. “This is about making a strategic move…
