SpaceX IPO: At roughly 110 times trailing sales, Elon Musk-led company's valuation assumes years of rapid ...More

SpaceX IPO: At roughly 110 times trailing sales, Elon Musk-led company's valuation assumes years of rapid growth, raising the stakes for investors if the company falls short of expectations. ...Less

SpaceX's initial public offering is seeing massive investor interest. Demand has reached over 250 billion ...More

SpaceX's initial public offering is seeing massive investor interest. Demand has reached over 250 billion dollars, far exceeding the 75 billion dollars the company aims to raise. This indicates strong investor confidence. SpaceX is currently in the marketing phase for its IPO. The company is highlighting its rocket launch business and Starlink internet service. ...Less

MSCI will apply early inclusion rules for large IPOs, potentially adding SpaceX to its Global Standard In ...More

MSCI will apply early inclusion rules for large IPOs, potentially adding SpaceX to its Global Standard Indexes. This move is expected to drive significant demand from passively managed funds tracking MSCI benchmarks. SpaceX's upcoming IPO, targeting a $1.75 trillion valuation, positions it for inclusion despite a recent net loss. ...Less

Despite the excitement surrounding SpaceX’s highly anticipated IPO, valuation expert and NYU professor As ...More

Despite the excitement surrounding SpaceX’s highly anticipated IPO, valuation expert and NYU professor Aswath Damodaran plans to stay away from the offering, citing concerns over its pricing. While he values the company at around $1.3 trillion after reviewing its prospectus, the IPO is expected to value SpaceX at roughly $1.8 trillion. ...Less

SpaceX is launching its IPO with a record $75 billion listing, breaking Wall Street traditions. The compa ...More

SpaceX is launching its IPO with a record $75 billion listing, breaking Wall Street traditions. The company is setting a fixed share price, allocating a significant portion to retail investors, and allowing early exits for insiders. Elon Musk retains substantial control, positioning the IPO as a bet on his vision rather than current profitability. ...Less

How to buy SpaceX IPO: Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to d ...More

How to buy SpaceX IPO: Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the U.S. ...Less

SpaceX's revenue could hit $3.4 trillion by 2040, according to Morgan Stanley projections. The company is ...More

SpaceX's revenue could hit $3.4 trillion by 2040, according to Morgan Stanley projections. The company is also preparing for its initial public offering, aiming to raise $75 billion. Morgan Stanley anticipates significant growth from SpaceX's AI business in the coming years. Goldman Sachs also expects substantial revenue from this segment by 2030. ...Less

SpaceX IPO: SpaceX employees are set for a major financial boost. As the company prepares for its public ...More

SpaceX IPO: SpaceX employees are set for a major financial boost. As the company prepares for its public listing, stock grants are now worth millions. This wealth transfer is reaching engineers, welders, and other staff. Many workers who held onto their shares will see their fortunes change dramatically. This event marks a significant moment for employee wealth creation in the tech sector. ...Less

SpaceX, which began its roadshow last week, has drawn investor demand of about $150 billion for its IPO, ...More

SpaceX, which began its roadshow last week, has drawn investor demand of about $150 billion for its IPO, about double the $75 billion it is seeking to raise, said two people familiar with the matter on Friday. ...Less

The SpaceX IPO is moving from speculation to reality. Elon Musk's space company has opened a dedicated in ...More

The SpaceX IPO is moving from speculation to reality. Elon Musk's space company has opened a dedicated investor website and confirmed a $135 share price target. With a projected $1.75 trillion valuation, growing Starlink revenue, and major AI ambitions, the public offering could become one of the most significant stock market events in years. ...Less

As part of the deal, Google will pay SpaceX $920 million monthly from October ⁠this ⁠year to June 2029, w ...More

As part of the deal, Google will pay SpaceX $920 million monthly from October ⁠this ⁠year to June 2029, with capacity ramping up through September at a reduced fee, Elon Musk's space venture said in a regulatory filing. ...Less

The SpaceX IPO is shaping up to be one of the most anticipated financial events in modern market history. ...More

The SpaceX IPO is shaping up to be one of the most anticipated financial events in modern market history. Reports suggest that Elon Musk’s aerospace giant could price its shares on June 11, with trading potentially beginning on June 12. If the proposed valuation holds, the SpaceX IPO could become the largest public offering ever seen, placing the company among the most valuable businesses on Earth. ...Less

SpaceX's initial public offering is significantly oversubscribed, with demand building for a potentially ...More

SpaceX's initial public offering is significantly oversubscribed, with demand building for a potentially record-setting debut. Banks are closing order books for institutional investors, with pricing expected June 11 and trading to commence the following day. The company is offering 555.6 million shares at $135 each, aiming to raise approximately $75 billion and valuing it at about $1.8 trillion. ...Less

SpaceX is inviting investors to bet on Elon Musk's vision of AI data centers in space and humans on Mars. ...More

SpaceX is inviting investors to bet on Elon Musk's vision of AI data centers in space and humans on Mars. The sky-high valuation for SpaceX -- nearly $1.8 trillion -- is based on the idea that his legendary run will continue and that Musk can achieve his goal of data centers in space and putting people on Mars. ...Less

SpaceX plans a massive $75 billion share sale, valuing the company at $1.8 trillion. This move aims to fu ...More

SpaceX plans a massive $75 billion share sale, valuing the company at $1.8 trillion. This move aims to fund ambitious projects like space-based data centers and a Mars mission. The company's satellite internet service, Starlink, is already a significant revenue source. This IPO could make Elon Musk the world's first trillionaire. ...Less

Elon Musk Net Worth June 2026: According to Forbes, Elon Musk’s fortune stood at approximately $788.8 bil ...More

Elon Musk Net Worth June 2026: According to Forbes, Elon Musk’s fortune stood at approximately $788.8 billion on June 8, 2026. Some projections tied to a potential SpaceX IPO suggest his wealth could eventually exceed $1 trillion if market valuations remain strong. It would represent the first time in modern economic history that one individual controls wealth measured in trillions. Elon Musk currently has at least 14 publicly known children. If his June 2026 net worth of $788.8 billion were hypothetically divided equally among 14 children, each would receive approximately $56.3 billion. ...Less

SpaceX is set to price its IPO at $135 per share, aiming to raise $75 billion and achieve a $1.75 trillio ...More

SpaceX is set to price its IPO at $135 per share, aiming to raise $75 billion and achieve a $1.75 trillion valuation. The company is breaking IPO tradition by fixing the price before investor presentations, with a significant portion allocated to retail investors. Proceeds will fund AI computing and satellite network expansion. ...Less

SpaceX posted a net loss of $4.94 billion in 2025, ⁠even as revenue rose 33 per cent to $18.67 billion. ...More

SpaceX posted a net loss of $4.94 billion in 2025, ⁠even as revenue rose 33 per cent to $18.67 billion. ...Less

SpaceX has informed banks of its firm decision on a $135-a-share price for its initial public offering. T ...More

SpaceX has informed banks of its firm decision on a $135-a-share price for its initial public offering. This move indicates Elon Musk's desire to conduct the largest ever IPO on his terms. Investor demand for SpaceX shares is reportedly extremely high. The company's trading debut is anticipated on Friday, June 12. ...Less

Wall Street investment banks are hosting exclusive events for potential SpaceX IPO buyers, offering rare ...More

Wall Street investment banks are hosting exclusive events for potential SpaceX IPO buyers, offering rare access to top executives. Elon Musk virtually addressed JPMorgan clients, citing a "massive new growth phase" requiring capital. The company's futuristic valuation and record-breaking IPO plans have generated significant investor interest. ...Less

SpaceX's website and IPO marketing documents are inaccessible in Hong Kong and mainland China, potentiall ...More

SpaceX's website and IPO marketing documents are inaccessible in Hong Kong and mainland China, potentially limiting investor participation in its $75 billion listing. An "Error 1009" suggests a company-imposed ban, raising questions about the reasons behind the restrictions. ...Less

SpaceX’s $75 billion IPO is already oversubscribed, signaling strong institutional demand and positioning ...More

SpaceX’s $75 billion IPO is already oversubscribed, signaling strong institutional demand and positioning it to become the largest listing ever. The Elon Musk-led firm may surpass Saudi Aramco’s record. Shares are priced at $135, valuing the company near $1.8 trillion, with trading expected to begin mid-June. ...Less

SpaceX will not get a quick entry into the S&P 500 index. S&P Dow Jones Indices will maintain its eligibi ...More

SpaceX will not get a quick entry into the S&P 500 index. S&P Dow Jones Indices will maintain its eligibility rules. This decision affects the planned initial public offerings of AI companies Anthropic and OpenAI. Companies must now wait 12 months after going public. SpaceX also needs to become profitable to be considered. ...Less

SpaceX has taken a giant leap forward by gaining approval for a Texas reinvestment zone, a crucial milest ...More

SpaceX has taken a giant leap forward by gaining approval for a Texas reinvestment zone, a crucial milestone for its $119 billion semiconductor manufacturing initiative. This project signals the company's intent to dive into chip development and advanced computing. ...Less

SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and ...More

SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members of the administration. The IPO, expected to happen as soon as next week, is set to make Musk the world's first trillionaire if it achieves its targeted valuation of at least $1.8 trillion. It's also expected to make billionaires of several company insiders and investors, while minting millions in wealth for employees. ...Less

SpaceX's upcoming IPO, fueled by immense investor demand, could propel Elon Musk to trillionaire status. ...More

SpaceX's upcoming IPO, fueled by immense investor demand, could propel Elon Musk to trillionaire status. Beyond its space ambitions, the company's prospectus reveals plans for space-based data centers, hinting at Musk's strategy to fund his AI endeavors. This move addresses the escalating costs and logistical challenges of terrestrial AI infrastructure. ...Less

SpaceX is preparing for a massive initial public offering targeting a valuation of $1.75 trillion. The co ...More

SpaceX is preparing for a massive initial public offering targeting a valuation of $1.75 trillion. The company plans to raise at least $75 billion by selling new shares. This move is expected to be the largest IPO ever. Investors will get a chance to buy into Elon Musk's vision for space exploration and technology. ...Less

The ⁠billionaire said ⁠that much of the required technology already exists in its current Starlink satell ...More

The ⁠billionaire said ⁠that much of the required technology already exists in its current Starlink satellite network. "Part of what we want to convey here is that there is not some magic that is necessary, that doesn't exist," Elon Musk said in a video discussion released by the company. ...Less

Goldman's ⁠forecasts show that the bank expects revenue at SpaceX's AI segment ⁠to soar 388% from a year ...More

Goldman's ⁠forecasts show that the bank expects revenue at SpaceX's AI segment ⁠to soar 388% from a year earlier to $15.6 billion in 2026, and reach $34.5 billion in 2027, according to the report, citing a person familiar with the matter. ...Less

He is already the richest man in the world, but when SpaceX finally makes its hotly anticipated stock mar ...More

He is already the richest man in the world, but when SpaceX finally makes its hotly anticipated stock market debut, Elon Musk could become the planet's first trillionaire. Robinson said Musk could take on an "aura of God" for some people should he become the world's first trillionaire -- but might develop a bit of a god complex himself as a result. ...Less

Elon Musk founded SpaceX in 2002 with the lofty goal of ferrying humans to Mars and setting up colonies o ...More

Elon Musk founded SpaceX in 2002 with the lofty goal of ferrying humans to Mars and setting up colonies on the neighboring planet. Musk, the South African-born serial entrepreneur, founded SpaceX when he was 30 years old. ...Less

SpaceX’s planned IPO and potential inclusion in the Nasdaq-100 have renewed investor interest in Indian m ...More

SpaceX’s planned IPO and potential inclusion in the Nasdaq-100 have renewed investor interest in Indian mutual funds tracking the benchmark. Such funds could gain indirect exposure to the aerospace giant, although fresh investments in several schemes remain restricted due to overseas investment limits. ...Less

JPMorgan Chase CEO Jamie Dimon will discuss the upcoming SpaceX initial public offering with thousands of ...More

JPMorgan Chase CEO Jamie Dimon will discuss the upcoming SpaceX initial public offering with thousands of the bank's wealthy clients. This nationwide event involves SpaceX leaders and highlights the massive demand for what is expected to be the largest market debut. The company, formally Space Exploration Technologies Corp., targets a valuation of about $1.8 trillion. ...Less

SpaceX and other mega IPO candidates may have to wait years before joining the S&P 500 after S&P Dow Jone ...More

SpaceX and other mega IPO candidates may have to wait years before joining the S&P 500 after S&P Dow Jones Indices retained its profitability requirement for index inclusion. Despite their massive valuations, companies such as SpaceX, OpenAI and Anthropic must demonstrate sustained profits before becoming eligible for the benchmark. ...Less

European retail investors are eagerly eyeing the SpaceX IPO, with an unusually large allocation planned a ...More

European retail investors are eagerly eyeing the SpaceX IPO, with an unusually large allocation planned across several countries. While platforms are inviting applications, experts caution about the risks associated with the loss-making company's high valuation and limited float size for individual investors. ...Less

Elon Musk's SpaceX, which is readying for a closely watched IPO this week, said in April it had ⁠secured ...More

Elon Musk's SpaceX, which is readying for a closely watched IPO this week, said in April it had ⁠secured an ⁠option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes deeper into the lucrative market for AI developer tools. ...Less

SpaceX's massive $75 billion IPO is set to launch next week, potentially valuing the company at $1.75 tri ...More

SpaceX's massive $75 billion IPO is set to launch next week, potentially valuing the company at $1.75 trillion. Investors are watching closely amid fears of market overexuberance, especially after recent job data fueled concerns about hawkish monetary policy. Key tech earnings and inflation data will also shape market sentiment. ...Less

U.S. stocks fell Tuesday as technology shares reversed earlier gains amid renewed selling pressure. Presi ...More

U.S. stocks fell Tuesday as technology shares reversed earlier gains amid renewed selling pressure. President Trump's vow to respond to Iran shooting down a U.S. helicopter added to Middle East war concerns. Investors also eyed upcoming inflation data and the highly anticipated SpaceX IPO. ...Less

SpaceX has reserved up to 5% of its upcoming IPO shares for employees and friends of executives, with str ...More

SpaceX has reserved up to 5% of its upcoming IPO shares for employees and friends of executives, with strict lock-in rules covering most stock including Elon Musk’s holdings. The filing also highlights Nvidia chip-powered AI compute deals, water scarcity risks, and valuation targets between $1.8 trillion and over $2 trillion. ...Less

Elon Musk's Starlink is poised to disrupt American telecom giants like AT&T and Verizon. Analysts believe ...More

Elon Musk's Starlink is poised to disrupt American telecom giants like AT&T and Verizon. Analysts believe Starlink could change how connectivity is delivered and who controls it. SpaceX's satellite internet service is evolving into a mainstream platform. This shift could accelerate declines in subscriber growth and revenue for traditional operators. ...Less

The AI IPO season is here with SpaceX, Anthropic, and OpenAI preparing for huge listings. These companies ...More

The AI IPO season is here with SpaceX, Anthropic, and OpenAI preparing for huge listings. These companies are seeking public funds to cover their significant expenses. Valuations are soaring, leading to questions about the AI bubble. Investors are being urged to be cautious as these tech giants aim to reshape the market. ...Less

OpenAI confidentially filed for a U.S. IPO earlier on Monday, following Anthropic's filing last week. Elo ...More

OpenAI confidentially filed for a U.S. IPO earlier on Monday, following Anthropic's filing last week. Elon Musk's SpaceX is also preparing to go public on Friday. ...Less

Goldman Sachs expects SpaceX AI revenue to surge 100-fold by 2030, FT reports ...More

Goldman Sachs expects SpaceX AI revenue to surge 100-fold by 2030, FT reports ...Less

Upcoming trillion-dollar IPOs from SpaceX, OpenAI, and Anthropic are set to redefine market valuations, a ...More

Upcoming trillion-dollar IPOs from SpaceX, OpenAI, and Anthropic are set to redefine market valuations, asking investors to wager heavily on uncertain futures. These companies are bypassing the traditional path of public markets, potentially capturing future growth for private investors at the expense of public shareholders. ...Less

Elon Musk Net Worth: Elon Musk's estimated net worth has reached around $970 billion, bringing him closer ...More

Elon Musk Net Worth: Elon Musk's estimated net worth has reached around $970 billion, bringing him closer than anyone else in history to becoming the world's first trillionaire. Much of his wealth is tied to his stakes in SpaceX and Tesla, making his fortune larger than the annual economic output of many countries. ...Less

From Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more ca ...More

From Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to shape the technology's future. ...Less

India has halted approvals for Elon Musk's Starlink internet service. Security agencies are concerned abo ...More

India has halted approvals for Elon Musk's Starlink internet service. Security agencies are concerned about Starlink terminals being used in the Iran war. This delay impacts SpaceX's IPO valuation. India's broadband market remains out of reach for Starlink for now. Domestic operators also face scrutiny. India seeks assurances on security compliance amid geopolitical tensions. ...Less

Investors face a key decision on when to buy shares in upcoming mega-tech IPOs like SpaceX, Anthropic, an ...More

Investors face a key decision on when to buy shares in upcoming mega-tech IPOs like SpaceX, Anthropic, and OpenAI. Historical data shows tech IPOs often slump in their first year. However, these companies are exceptionally large and vital to the market. Experts suggest waiting to buy might be prudent, as seen with past tech giants. ...Less

Bybit users via Payward's xStocks, a tokenisation platform, can subscribe to tokenised representations of ...More

Bybit users via Payward's xStocks, a tokenisation platform, can subscribe to tokenised representations of publicly traded equities. ...Less

Russia is developing its own satellite broadband system. This new service aims to rival Elon Musk's Starl ...More

Russia is developing its own satellite broadband system. This new service aims to rival Elon Musk's Starlink. The company Iks Holding is leading the project. They plan to begin commercial operations in 2027. This comes as Ukraine has reportedly used Starlink for its drones. Russia's own system will feature 900 low-orbit satellites. Starlink is currently banned in Russia. ...Less

Danish pension fund Akademikerpension has excluded SpaceX from its investments. The fund cited concerns o ...More

Danish pension fund Akademikerpension has excluded SpaceX from its investments. The fund cited concerns over the company's governance structure and its high valuation. Akademikerpension believes SpaceX's stock is overvalued, with a market indication of over $1.8 trillion. ...Less

Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is ...More

Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling lower after consultations with advisers and investors, the people said, asking not to be identified as the information isn’t public. ...Less

Danish pension fund Akademikerpension has excluded SpaceX from its investments. The fund cited concerns o ...More

Danish pension fund Akademikerpension has excluded SpaceX from its investments. The fund cited concerns over the company's governance structure and its high valuation. Akademikerpension believes SpaceX's stock is overvalued, with a market indication of over $1.8 trillion. They also highlighted Elon Musk's significant control over voting rights. This move comes as SpaceX prepares for its initial public offering. ...Less

The mishap, which occurred during a test fire of the engines for the New Glenn rocket's launch next week, ...More

The mishap, which occurred during a test fire of the engines for the New Glenn rocket's launch next week, comes at a critical time for Jeff Bezos' business empire. His companies Blue Origin and Amazon are seeking to establish themselves as viable challengers in the heavy-lift and global satellite internet network industries, competing with Elon Musk's SpaceX. ...Less

SpaceX is set for a historic IPO, aiming to raise $75 billion and valuing the company at $1.75 trillion. ...More

SpaceX is set for a historic IPO, aiming to raise $75 billion and valuing the company at $1.75 trillion. This offering marks a significant moment for the space industry and technology investors. ...Less

AI firm Perplexity plans to go public in 2028, irrespective of how Anthropic and OpenAI's IPOs perform. C ...More

AI firm Perplexity plans to go public in 2028, irrespective of how Anthropic and OpenAI's IPOs perform. CEO Aravind Srinivas stated the 2028 target remains firm, emphasizing the company's focus on building a high-growth business. Perplexity is not facing financial issues and has no immediate plans for an earlier public offering. ...Less

As SpaceX, Anthropic, and OpenAI eye massive IPOs, their leaders face Wall Street's scrutiny. Past market ...More

As SpaceX, Anthropic, and OpenAI eye massive IPOs, their leaders face Wall Street's scrutiny. Past market debuts offer cautionary tales, from Google's Playboy interview during a quiet period to Zuckerberg's casual attire. Executives must navigate roadshows and regulatory filings carefully to avoid costly missteps and ensure investor confidence. ...Less

Investors are pouring money into Artificial Intelligence, even as economic worries grow. SpaceX's massive ...More

Investors are pouring money into Artificial Intelligence, even as economic worries grow. SpaceX's massive IPO signals strong AI interest. Companies like Google are expanding AI infrastructure. Chipmakers are seeing huge demand. However, some signs suggest market expectations may be too high. Analysts are watching closely to see if this AI boom can withstand inflation and slowing growth. ...Less

Blue Origin's New Glenn rocket launch pad suffered extensive damage after an engine test fire explosion. ...More

Blue Origin's New Glenn rocket launch pad suffered extensive damage after an engine test fire explosion. This incident will cause a significant delay of at least six months for rebuilding. Amazon's satellite deployment schedule faces jeopardy and SpaceX's dominance in the commercial launch market is further strengthened. NASA's lunar ambitions may also be affected by this setback. ...Less

Asian stocks experienced a significant plunge as investors exited AI-linked shares amid concerns of an ov ...More

Asian stocks experienced a significant plunge as investors exited AI-linked shares amid concerns of an overheated market. Disappointing outlooks from chipmakers and a strong U.S. jobs report, suggesting potential rate hikes, fueled the selloff. Fresh hostilities in Iran also pushed oil prices higher, adding to market fragility. ...Less

Elon Musk's SpaceX is aiming to raise approximately $75 billion this month through its initial public off ...More

Elon Musk's SpaceX is aiming to raise approximately $75 billion this month through its initial public offering. The company is reportedly negotiating with underwriting banks to secure fees below 0.75%. Despite this, the banks are still expected to earn around $500 million from this significant listing. This move highlights SpaceX's ambitious financial strategy for its space and AI ventures. ...Less

Within weeks of the United States launching its bombing campaign, SpaceX executives met Pentagon official ...More

Within weeks of the United States launching its bombing campaign, SpaceX executives met Pentagon officials and argued the military had been paying about $5,000 for connection per terminal while effectively using a higher tier of service worth closer to $25,000, according to two sources familiar with the matter. ...Less

Binance is democratizing pre-IPO price discovery with its new Pre-IPO Perpetual Contracts. These products ...More

Binance is democratizing pre-IPO price discovery with its new Pre-IPO Perpetual Contracts. These products allow eligible users to speculate on the expected valuations of private companies like SpaceX and OpenAI before their public listings, bridging the gap between institutional and retail investors. ...Less

Elon Musk clarified that SpaceX's lease of its Colossus AI training data center clusters to Anthropic is ...More

Elon Musk clarified that SpaceX's lease of its Colossus AI training data center clusters to Anthropic is for six months, not multiple years as previously indicated. Musk stated on X that the short-term agreement was SpaceX's request, with a mutual 90-day cancellation notice possible thereafter. He added that SpaceX might reclaim the compute if it becomes critically scarce. ...Less

Applied Aerospace & Defense made its stock market debut on Wednesday. The company's shares opened higher ...More

Applied Aerospace & Defense made its stock market debut on Wednesday. The company's shares opened higher than their offer price. This debut valued the firm at over three billion dollars. It also marks the start of a busy week for new stock listings. Several other companies are also set to go public this week. ...Less

The Space-Based Advanced Moving Target Indicator (SB-AMTI) is designed as an interconnected system-of-sys ...More

The Space-Based Advanced Moving Target Indicator (SB-AMTI) is designed as an interconnected system-of-systems, ⁠combining space-based ⁠sensors, secure communications links and ground processing to drive closer cooperation across the government space industrial base. ...Less

The prices of two other tokens, Ethereum and Solana, also rose on Monday, gaining 3.25% and 4.18%, respec ...More

The prices of two other tokens, Ethereum and Solana, also rose on Monday, gaining 3.25% and 4.18%, respectively. Ethereum, the second-largest cryptocurrency, was trading at $1,649.42 after falling 17.26% over the past week. Solana was trading at $65.31 following a 20% decline over the last seven days. ...Less

OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determine ...More

OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because there are things we want to do that are likely easier as a private company," it said in a statement. Reuters had reported that the AI giant is targeting a valuation of up to $1 trillion in a stock market debut that could ⁠come as early as ⁠September. ...Less

AI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthro ...More

AI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthropic's similar filing. Investors are keenly watching these developments for exposure to the booming artificial intelligence sector. OpenAI aims for a significant valuation, potentially setting a new benchmark for tech IPOs. The company is navigating its transition from a nonprofit structure. ...Less

SpaceX Starship launches are paused. An investigation is underway after a recent test flight. The rocket' ...More

SpaceX Starship launches are paused. An investigation is underway after a recent test flight. The rocket's first-stage booster experienced engine issues during its return. It did not achieve a controlled splashdown. The spacecraft itself completed its mission with a splashdown in the Indian Ocean. ...Less

Wall Street indexes opened higher on Tuesday, driven by a second consecutive day of gains for chipmakers. ...More

Wall Street indexes opened higher on Tuesday, driven by a second consecutive day of gains for chipmakers. Easing Middle East tensions also contributed to positive market sentiment. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases at the opening bell. ...Less

Indian investors are eyeing the global space economy ahead of the SpaceX IPO. With no pure-play listed sp ...More

Indian investors are eyeing the global space economy ahead of the SpaceX IPO. With no pure-play listed space companies in India, global ETFs offer a route to invest. Investors can also participate directly in SpaceX through the Liberalised Remittance Scheme. Experts advise separating listing excitement from investment discipline. Long-term holding is recommended for tax benefits. ...Less

Blue Origin faced a blow as Jeff Bezos' New Glenn rocket erupted in flames during a critical test on the ...More

Blue Origin faced a blow as Jeff Bezos' New Glenn rocket erupted in flames during a critical test on the launchpad, creating a stunning fireball. All personnel are accounted for. This unfortunate incident poses challenges for NASA's ambitious Artemis and Moon Base missions. ...Less

Market expert Sandip Sabharwal sees private banks like Axis and ICICI as top buys. He believes IT stocks ...More

Market expert Sandip Sabharwal sees private banks like Axis and ICICI as top buys. He believes IT stocks are oversold with potential for 12-15% upside. Bharti Airtel is his sole pick in telecom. Sabharwal cautions against richly valued domestic companies, citing Zepto's IPO valuation as an example. Investors should focus on these domestic concerns rather than overseas IPOs. ...Less

OpenAI would set the stage for a trio of trillion-dollar-valuation companies debuting rapidly, which toge ...More

OpenAI would set the stage for a trio of trillion-dollar-valuation companies debuting rapidly, which together are seen as the most consequential test of investor appetite for high-growth technology stocks in the last 10 ⁠years. ...Less

Bitcoin experienced a nearly 15% decline in early June, falling below $63,000. Despite significant price ...More

Bitcoin experienced a nearly 15% decline in early June, falling below $63,000. Despite significant price drops, on-chain data indicates a lack of panic selling, though institutional outflows from ETFs continue. Market sentiment is softening due to macro uncertainty and profit-taking. ...Less

Elon Musk insists that his artificial intelligence venture xAI remains a serious competitor, pushing back ...More

Elon Musk insists that his artificial intelligence venture xAI remains a serious competitor, pushing back against mounting doubts after revelations that the supercomputing facilities built to power his own AI models are being rented out to a rival. It has also landed a Pentagon contract worth up to $200 million alongside rivals including Google and OpenAI. Built quickly, the Colossus facilities in Memphis have been a source of controversy, after xAI installed dozens of natural gas turbines to power the site -- drawing protests from civil rights groups who said it worsened air pollution in a predominantly Black neighborhood. ...Less

Anticipating significant capital raises from tech giants like SpaceX and OpenAI, investors are shifting f ...More

Anticipating significant capital raises from tech giants like SpaceX and OpenAI, investors are shifting focus to Asian supply chain companies. This strategic move aims to capitalize on anticipated increased technology spending, particularly in server parts, specialized materials, and power equipment, potentially fueling a new rally in Asian stock markets. ...Less

BlackRock has launched the iShares Space Technologies UCITS ETF (STAR) for European investors, featuring ...More

BlackRock has launched the iShares Space Technologies UCITS ETF (STAR) for European investors, featuring a unique IPO fast-entry mechanism. This allows newly listed space companies to be added to the index within 10 to 30 days, rather than waiting for scheduled rebalances. The move follows a surge in investor interest in space ETFs. ...Less

Tech stocks continue to lead the Nasdaq Composite and S&P 500 in a record-breaking market rally, while El ...More

Tech stocks continue to lead the Nasdaq Composite and S&P 500 in a record-breaking market rally, while Elon Musk's SpaceX is set to price its IPO this month and Anthropic rival OpenAI, led by Sam Altman, is waiting on deck. ...Less

The Nikkei was choppy earlier ⁠in ⁠the session, inching down as much as 0.16%. ...More

The Nikkei was choppy earlier ⁠in ⁠the session, inching down as much as 0.16%. ...Less

Wall Street experienced its worst single-day decline in over a year on Friday, as investors fled technolo ...More

Wall Street experienced its worst single-day decline in over a year on Friday, as investors fled technology stocks, bonds, and gold. A robust May jobs report fueled concerns about potential year-end interest rate hikes, ending a nine-week advance for the S&P 500. Despite the selloff, analysts anticipate a market rebound due to strong tech earnings and a positive economic outlook. ...Less

Wall Street anticipates SpaceX's IPO, but recent data shows many large debuts have lagged the S&P 500. In ...More

Wall Street anticipates SpaceX's IPO, but recent data shows many large debuts have lagged the S&P 500. Investors buying at IPO prices have seen lower returns than those in the S&P 500 index. High valuations, especially for AI companies, present risks. ...Less

Aerospace and satellite stocks surged Tuesday, fueled by optimism around SpaceX's potential IPO and growi ...More

Aerospace and satellite stocks surged Tuesday, fueled by optimism around SpaceX's potential IPO and growing confidence in commercial space exploration. Companies like Redwire Corp. and AST SpaceMobile Inc. saw significant gains, with analysts highlighting potential beneficiaries of increased market interest in the expanding space ecosystem. ...Less

Space startup Apex has seen its valuation surge to $2.3 billion. This comes after a new funding round whe ...More

Space startup Apex has seen its valuation surge to $2.3 billion. This comes after a new funding round where the company raised over $200 million. The investment will fuel Apex's expansion in satellite manufacturing. The firm, founded in 2022, builds satellite buses for various payloads. Apex is also collaborating on a missile defense project. ...Less

SpaceX is preparing for a record-breaking IPO, targeting a nearly $1.8 trillion valuation and aiming to r ...More

SpaceX is preparing for a record-breaking IPO, targeting a nearly $1.8 trillion valuation and aiming to raise approximately $75 billion. The offering introduces a unique 5% directed share program and a flexible, phased share release, deviating from traditional IPO lock-up periods. This landmark event could reshape global capital markets and index fund allocations. ...Less

SpaceX's latest Starship test flight achieved a significant milestone, deploying mock satellites and exec ...More

SpaceX's latest Starship test flight achieved a significant milestone, deploying mock satellites and executing a controlled splashdown. This successful uncrewed launch, the first of its V3 iteration, bolsters investor confidence ahead of the company's anticipated IPO next month. ...Less

The PHLX's combined loss of 12% over two sessions shows investors are becoming more concerned about price ...More

The PHLX's combined loss of 12% over two sessions shows investors are becoming more concerned about pricey, high-flying tech stocks just as Elon Musk prepares a blockbuster initial public ⁠offering next week for SpaceX at an exceedingly high $1.75 trillion valuation. ...Less

India's birth rate has dropped below the replacement level. This trend is particularly noticeable among e ...More

India's birth rate has dropped below the replacement level. This trend is particularly noticeable among educated women. The nation's fertility rate now stands at 1.9 births per woman. This signifies a demographic shift for the world's most populous country. Experts note persistent inequalities despite progress in health and education. ...Less

Anthropic has confidentially filed for a US IPO, marking a major step in the AI sector’s expansion on Wal ...More

Anthropic has confidentially filed for a US IPO, marking a major step in the AI sector’s expansion on Wall Street. The move highlights strong investor interest in artificial intelligence firms after rapid valuation gains, with the company recently valued at $965 billion, intensifying competition with rivals like OpenAI. ...Less

Indian companies are poised to become significant brand owners in the United States. This shift will enha ...More

Indian companies are poised to become significant brand owners in the United States. This shift will enhance India's global influence beyond Bollywood and IT. Technology is a key driver for this expansion. Ritesh Agarwal, founder of Oyo-parent firm PRISM, believes India's moment has arrived. Indian brands will soon be used and appreciated by American consumers. ...Less

U.S. stocks largely rose Monday, with the Nasdaq and chipmakers leading the gains as investors sought bar ...More

U.S. stocks largely rose Monday, with the Nasdaq and chipmakers leading the gains as investors sought bargains after Friday's selloff. Relief over Iran and Israel halting attacks also boosted sentiment. Despite Apple's AI upgrades, its shares eased, while Intel surged on a reported Google order. ...Less

Blue Origin's New Glenn rocket exploded during a test firing, causing significant damage to its launch pa ...More

Blue Origin's New Glenn rocket exploded during a test firing, causing significant damage to its launch pad. This incident is a major setback for the company's plans, including its role in NASA's Artemis program. The explosion occurred just a month after the New Glenn fleet was grounded due to an engine issue. ...Less

A Reuters analysis of the 50 largest IPOs over the past five years found that most underperformed the S&P ...More

A Reuters analysis of the 50 largest IPOs over the past five years found that most underperformed the S&P 500 despite strong debut enthusiasm. As investors await SpaceX’s expected blockbuster listing, analysts caution that high-profile IPOs often struggle to deliver sustained market-beating returns after going public. ...Less

SPACEX-IPO-INDEX-US funds set aside cash as SpaceX and OpenAI prepare to go public, analysts say ...More

SPACEX-IPO-INDEX-US funds set aside cash as SpaceX and OpenAI prepare to go public, analysts say ...Less

Lilly presented full data from two retatrutide trials, one in treatment naive type 2 diabetes patients an ...More

Lilly presented full data from two retatrutide trials, one in treatment naive type 2 diabetes patients and another in patients with obesity, ⁠at the ⁠American Diabetes Association meeting in New Orleans. ...Less

SpaceX's Starship spacecraft splashed down into the Indian Ocean Friday after the company performed a mos ...More

SpaceX's Starship spacecraft splashed down into the Indian Ocean Friday after the company performed a mostly successful test flight of the latest version of its enormous rocket. There's a lot riding on SpaceX' the company is under contract with NASA to produce a modified version of Starship to serve as a lunar landing system. ...Less

Bending Spoons, an Italian tech firm, has filed for a US initial public offering. The company, which acqu ...More

Bending Spoons, an Italian tech firm, has filed for a US initial public offering. The company, which acquired AOL and Eventbrite, could be valued at $20 billion. Bending Spoons reported strong net income on significant revenue in the first quarter. A busy summer IPO window is expected, with Bending Spoons planning to list on Nasdaq. ...Less

Digital news outlet NOTUS reported on Thursday that senior U.S. officials held preliminary discussions wi ...More

Digital news outlet NOTUS reported on Thursday that senior U.S. officials held preliminary discussions with AI companies about the potential for the government to buy some shares in their firms. ...Less