Elon Musk's SpaceX is targeting July 23 for the 13th Starship test flight after a last-second launch abor ...More

Elon Musk's SpaceX is targeting July 23 for the 13th Starship test flight after a last-second launch abort last week. The mission will carry 20 Starlink satellites on a suborbital test as the company pushes toward routine orbital deployments by year-end. ...Less

According to the report, SpaceX employees have discussed plans to compete more directly with neocloud fir ...More

According to the report, SpaceX employees have discussed plans to compete more directly with neocloud firms such as CoreWeave by selling computing capacity ⁠to AI customers at lower prices. ...Less

Short sellers have capitalized on the decline of SpaceX shares, which fell below their initial offering p ...More

Short sellers have capitalized on the decline of SpaceX shares, which fell below their initial offering price. Investors who anticipated this downturn borrowed and sold shares for a lucrative gain. Following its IPO peak, SpaceX stock has faced volatility, recently dipping towards the $135 mark. The company's substantial debt for AI investments has raised concerns, potentially leading to more fluctuations in share prices due to significant short positions. ...Less

SpaceX shares slipped below their IPO price for the first time, signalling fading investor enthusiasm aft ...More

SpaceX shares slipped below their IPO price for the first time, signalling fading investor enthusiasm after a strong debut. The decline highlights valuation concerns, broader market pressure and risks tied to high-growth stocks. Despite strong initial demand, the company’s lack of profitability and early-stage projects continue to weigh on sentiment. ...Less

SpaceX's stock has fallen below its initial public offering price. This development raises concerns about ...More

SpaceX's stock has fallen below its initial public offering price. This development raises concerns about market valuations and investor sentiment. The company's performance could influence upcoming high-profile stock market debuts. Retail investors may face disappointment as the stock experiences volatility. Future listings will closely monitor SpaceX's ongoing price discovery process. ...Less

SpaceX's Starship rocket experienced a last-second launch abort on Thursday. Some of the rocket's 33 engi ...More

SpaceX's Starship rocket experienced a last-second launch abort on Thursday. Some of the rocket's 33 engines failed to ignite properly before liftoff. This engine issue triggered an automatic abort sequence just before the scheduled launch. SpaceX CEO Elon Musk indicated a probable launch attempt early next week. The company's stock saw a slight decline following the scrubbed launch event. ...Less

Billions of dollars have flowed into instruments dubbed "pre-IPO perpetual futures", which have no direct ...More

Billions of dollars have flowed into instruments dubbed "pre-IPO perpetual futures", which have no direct link to the underlying shares but are priced with reference to SpaceX's latest disclosed pre-IPO valuation. ...Less

Skyroot Aerospace successfully launched its Vikram-1 rocket into orbit on Saturday. This marked India's f ...More

Skyroot Aerospace successfully launched its Vikram-1 rocket into orbit on Saturday. This marked India's first privately developed rocket to reach space. The mission, named Aagaman, achieved orbital success on its very first attempt. This accomplishment is notably rare in the history of private space launches. The company's achievement contrasts with SpaceX's initial launch failures. ...Less

SpaceX shares have fallen below their initial public offering price, signaling potential future volatilit ...More

SpaceX shares have fallen below their initial public offering price, signaling potential future volatility. Insider restrictions are set to lift soon, which could increase available trading shares. This event may impact the company's market valuation significantly in the coming months. Analysts remain largely positive, recommending buys despite the recent stock decline. The company's future performance hinges on its diverse business segments and investor confidence. ...Less

Blue Origin's new stock policy: SpaceX's successful IPO contrasts with Jeff Bezos' Blue Origin's new stoc ...More

Blue Origin's new stock policy: SpaceX's successful IPO contrasts with Jeff Bezos' Blue Origin's new stock incentive plan. This plan includes an 18-month non-compete clause for employees leaving the company. Workers may forfeit all stock options if they join a rival aerospace firm and the policy affects thousands of employees outside California and Washington. ...Less

SpaceX's current value stems from building essential AI infrastructure on Earth. The company is generatin ...More

SpaceX's current value stems from building essential AI infrastructure on Earth. The company is generating significant revenue from terrestrial compute contracts with major clients. These deals are expected to far exceed income from other SpaceX businesses this year. Orbital AI remains a longer-term prospect dependent on technological advancements. Analysts believe terrestrial compute will drive SpaceX's growth for the remainder of this decade. ...Less

China successfully recovered its first rocket stage on Friday. This marks a significant advancement for t ...More

China successfully recovered its first rocket stage on Friday. This marks a significant advancement for the nation's space program. Other countries like the United States have been doing this for years. SpaceX leads in rocket recovery, saving considerable launch costs. Japan is also preparing for a similar rocket landing attempt this weekend. ...Less

A SpaceX Falcon 9 rocket successfully launched 29 Starlink satellites into orbit. This mission marked the ...More

A SpaceX Falcon 9 rocket successfully launched 29 Starlink satellites into orbit. This mission marked the 35th flight for booster B1071, nearing a reusability record. The booster returned to Earth, landing on a droneship in the Pacific Ocean. The Starlink constellation now exceeds 10,700 active satellites in low Earth orbit. SpaceX continues to deploy these satellites, dedicating most of its launches this year. ...Less

Cathie Wood's ARK ETFs purchased $7 million worth of SpaceX shares. This investment follows a significant ...More

Cathie Wood's ARK ETFs purchased $7 million worth of SpaceX shares. This investment follows a significant 34% drop from the stock's peak. Wood funded these purchases by selling Alibaba shares from her portfolios. ARK Invest now holds approximately two million SpaceX shares valued over two hundred eighty million dollars. Analysts maintain positive outlooks with target prices suggesting substantial future growth potential. ...Less

Infrastructure providers, particularly data centers, are poised to be among the biggest beneficiaries of ...More

Infrastructure providers, particularly data centers, are poised to be among the biggest beneficiaries of the AI boom as businesses and consumers rapidly adopt the technology for applications ranging from software coding and robotics to everyday tasks such as shopping and planning. ...Less

The fees equate ⁠to ⁠about 0.97% of the total amount raised, SK Hynix's filings showed, meaning bankers e ...More

The fees equate ⁠to ⁠about 0.97% of the total amount raised, SK Hynix's filings showed, meaning bankers earned more as a percentage of deal size than those who worked on SpaceX's initial public offering. ...Less

SpaceX joins the Nasdaq-100 index, attracting billions in passive investment flows. Wall Street brokerage ...More

SpaceX joins the Nasdaq-100 index, attracting billions in passive investment flows. Wall Street brokerages initiated coverage with overwhelmingly positive ratings for the company. Analysts see long-term growth potential in space transportation and satellite connectivity. Starship, SpaceX's reusable rocket, is a major pillar of this optimistic outlook. The company's artificial intelligence ambitions also add significantly to its growth narrative. ...Less

The IPO of Elon Musk's SpaceX, whose holdings include artificial-intelligence firm xAI, raised a record $ ...More

The IPO of Elon Musk's SpaceX, whose holdings include artificial-intelligence firm xAI, raised a record $85.7 billion for the company and generated unprecedented employee and founder wealth. Next in line for potential big IPOs are AI companies Anthropic and OpenAI. ...Less

Raymond James analyst Brian Gesuale initiated coverage on SpaceX with a strong buy. He set an $800 price ...More

Raymond James analyst Brian Gesuale initiated coverage on SpaceX with a strong buy. He set an $800 price target, projecting significant future stock appreciation. Gesuale sees SpaceX revenue soaring to $5.2 trillion by 2035. This growth is primarily based on its nascent artificial intelligence business. The analyst believes AI will become SpaceX's largest revenue source by 2027. ...Less

Morgan Stanley has initiated coverage on SpaceX with an Overweight rating and a $300 target price, arguin ...More

Morgan Stanley has initiated coverage on SpaceX with an Overweight rating and a $300 target price, arguing its biggest opportunity lies beyond rockets. The brokerage believes SpaceX's vertically integrated AI infrastructure, combining terrestrial and orbital compute, could transform it into one of the world's most powerful AI infrastructure platforms. ...Less

SpaceX is set to join the Nasdaq-100 index today, July 7. This inclusion could trigger approximately $4.3 ...More

SpaceX is set to join the Nasdaq-100 index today, July 7. This inclusion could trigger approximately $4.3 billion in passive investment inflows. Companies joining the index often experience a share price boost from tracking funds. SpaceX was also recently added to the Russell 1000 index. Investors will observe if the index entry fuels further stock gains. ...Less

Binance highlighted how eligible users gained exposure to SpaceX before, during and after its record IPO ...More

Binance highlighted how eligible users gained exposure to SpaceX before, during and after its record IPO through pre-IPO perpetuals, direct stock trading and tokenised bStocks. The exchange said the multi-stage approach drove strong trading volumes, liquidity and investor participation across different asset classes. ...Less

Shanghai Xingshu Tiansuan launched its first space-computing constellation on Saturday. This project aims ...More

Shanghai Xingshu Tiansuan launched its first space-computing constellation on Saturday. This project aims to deploy a total of one thousand satellites in orbit. Space-based computing processes data in orbit, reducing the need for Earth transmission. This launch moves China closer to commercial operation of its space-based computing network. Elon Musk's SpaceX is also advancing its own space-based computing initiatives. ...Less

xAI is speeding up development amid the race for the fastest and cheapest model in the AI space. Grok 4.5 ...More

xAI is speeding up development amid the race for the fastest and cheapest model in the AI space. Grok 4.5 first surfaced in private beta at Tesla and SpaceX in June, with Musk putting its early performance close to, and potentially above, Anthropic's Claude Opus. ...Less

Anil Menon, an Indian-origin astronaut representing NASA, has shared his first message from the Internati ...More

Anil Menon, an Indian-origin astronaut representing NASA, has shared his first message from the International Space Station, expressing deep appreciation for the support from family, colleagues, and friends in the space community. He is a historic figure as the first Malayali astronaut for NASA, currently engaged in an eight-month mission focused on scientific research, leveraging his extensive training in emergency and aerospace medicine. ...Less

Skyroot Aerospace's successful Vikram-1 mission marks India's entry into the global commercial launch mar ...More

Skyroot Aerospace's successful Vikram-1 mission marks India's entry into the global commercial launch market through a private company. Beyond the technological milestone, it opens access to a growing multi-billion-dollar industry driven by rising satellite demand. The challenge now shifts from reaching orbit to building a reliable launch business that can compete internationally. ...Less

The sharp correction in Tesla and SpaceX has dented retail investors' portfolios, including those of Indi ...More

The sharp correction in Tesla and SpaceX has dented retail investors' portfolios, including those of Indians investing in US stocks. Experts say the selloff reflects a broader repricing of AI-linked stocks and advise investors to review portfolio allocation, risk appetite and investment horizon instead of reacting to short-term volatility. ...Less

Investment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR of ...More

Investment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 billion initial public offering, as well as debt issuance. ...Less

Skyroot Aerospace's successful launch will significantly boost India's private spacetech sector and is ex ...More

Skyroot Aerospace's successful launch will significantly boost India's private spacetech sector and is expected to increase capital flow and reward patient investors in deeptech startups. Early backers like Mukesh Bansal have already realized substantial returns on their investments. The mission validates India's exceptional technical talent and inspires future founders and engineers. This success will inject greater confidence for domestic and global investors backing Indian deeptech companies. ...Less

Coatue Management, a big asset manager, is expected to lead the round with a $4 billion commitment, the r ...More

Coatue Management, a big asset manager, is expected to lead the round with a $4 billion commitment, the report said, adding ⁠that Bezos ⁠is set to contribute an additional $2 billion. ...Less

Japan's space agency conducted a successful test of its prototype reusable rocket. The rocket reached a h ...More

Japan's space agency conducted a successful test of its prototype reusable rocket. The rocket reached a height of ten meters and landed safely after forty seconds. This development marks a significant step in cost-cutting rocket technology for Japan. The agency is reviewing data and feels confident about the useful information obtained. This advancement aims to boost Japan's international competitiveness in the rocket industry. ...Less

Japanese company ispace will start a new lunar cargo service. This venture will utilise Elon Musk's Space ...More

Japanese company ispace will start a new lunar cargo service. This venture will utilise Elon Musk's SpaceX Starship heavy rocket. The company has secured capacity for 500 kilograms of payload. This new service is planned to begin as soon as the year 2030. ...Less

Pawan Kumar Chandana (Google Trends): Skyroot Aerospace CEO and co-founder Pawan Kumar Chandana, a child ...More

Pawan Kumar Chandana (Google Trends): Skyroot Aerospace CEO and co-founder Pawan Kumar Chandana, a child who was once bad at maths, is now the head of this ambitious space company. As Skyroot becomes successful, it has joined a select club of private space companies in the world. The launch is a big milestone for India’s private space sector and will keep entrepreneurs like Pawan in the league of Elon Musk and others. ...Less

The move builds on Reflection's June agreement with SpaceX ⁠for computing ⁠capacity, a deal that media re ...More

The move builds on Reflection's June agreement with SpaceX ⁠for computing ⁠capacity, a deal that media reports said would see the startup pay about $150 million a month through 2029. ...Less

Vikram-1, India's first private orbital rocket, successfully launched carrying multiple payloads. This ma ...More

Vikram-1, India's first private orbital rocket, successfully launched carrying multiple payloads. This marks a significant milestone for India's burgeoning space sector. The launch was enabled by government policy and ISRO's infrastructure support. Private companies are now poised to serve the small satellite market. This event positions India among nations with private orbital launch capabilities. ...Less

SK Hynix's U.S. shares surged thirteen percent on their Nasdaq debut. The South Korean chipmaker raised t ...More

SK Hynix's U.S. shares surged thirteen percent on their Nasdaq debut. The South Korean chipmaker raised twenty-six point five billion dollars through a share sale. This demonstrates continued investor interest in AI-linked semiconductor stocks. Recent market pullbacks have not deterred this strong sector appetite. The company's listing provides funding for new factory construction. ...Less

As July commenced, global tech stocks faced a notable decline, predominantly driven by chip shares. This ...More

As July commenced, global tech stocks faced a notable decline, predominantly driven by chip shares. This drop indicates investor profit-taking alongside worries regarding the sustainability of AI expenditures. The Philadelphia Semis Index is close to entering bear market territory after facing a steep decline. Additionally, the Chinese AI model Kimi K3 has heightened scrutiny of US tech investment returns, while the market eagerly anticipates earnings reports from Alphabet and Tesla. ...Less

China successfully tested a new rocket retrieval system using a net. This marks a significant step toward ...More

China successfully tested a new rocket retrieval system using a net. This marks a significant step towards developing reusable rockets for the nation. The Long March 10B rocket booster was recovered offshore after its flight. This advancement aims to reduce launch costs for commercial satellite constellations. China plans further booster reuse for upcoming missions by year-end. ...Less

The mission, called Aagaman, marks the culmination of years of development for the startup, which had ear ...More

The mission, called Aagaman, marks the culmination of years of development for the startup, which had earlier flown the sub-orbital Vikram-S in 2022. Prime Minister Narendra Modi congratulated the Skyroot team shortly after the launch, calling it proof of India's push toward self-reliance in space technology. ...Less

Elon Musk's SpaceX ⁠said in June it would buy Anysphere, the startup behind popular AI coding agent Curso ...More

Elon Musk's SpaceX ⁠said in June it would buy Anysphere, the startup behind popular AI coding agent Cursor, in an all-stock deal worth $60 billion to boost its presence in the lucrative enterprise AI tools market. ...Less

Thiruvananthapuram-based HEX20 successfully launched its second satellite, KOYO, for Taiwan's National Ce ...More

Thiruvananthapuram-based HEX20 successfully launched its second satellite, KOYO, for Taiwan's National Central University. This mission follows their first satellite launch last year, marking another significant achievement. KOYO's successful deployment and signal reception confirm its operational status in space. The company has six more missions scheduled for launch within the next twelve months. HEX20 continues to establish itself as a reliable global satellite mission partner. ...Less

Newly minted millionaires from tech IPOs are spending fortunes on unique items. These individuals are buy ...More

Newly minted millionaires from tech IPOs are spending fortunes on unique items. These individuals are buying meteorites and fire trucks, diverging from traditional luxury. Luxury brands face competition from other industries and unique consumer tastes. Tech employees prioritize experiences and wellness, favoring smartwatches over traditional timepieces. Durable assets like real estate and yachts are also top spending priorities for these millionaires. ...Less

Anil Menon NASA astronaut: Anil Menon, the first NASA astronaut of Malayali heritage, has reached the Int ...More

Anil Menon NASA astronaut: Anil Menon, the first NASA astronaut of Malayali heritage, has reached the International Space Station (ISS) on his first space mission. Over the next eight months, he will conduct scientific experiments focused on human health, evaluate new medical technologies and support research into semiconductor manufacturing in microgravity. His mission aims to advance future space exploration while contributing to innovations that could benefit life on Earth. ...Less

Such a deal would help Meta diversify beyond advertising by generating revenue from its infrastructure an ...More

Such a deal would help Meta diversify beyond advertising by generating revenue from its infrastructure and competing with neocloud firms such as CoreWeave and Nebius, as growing adoption of advanced AI tools boosts the need for computing capacity. ...Less

Private companies are reshaping India's space ambitions, building rockets and satellites as the country p ...More

Private companies are reshaping India's space ambitions, building rockets and satellites as the country pushes to capture a bigger share of the global space economy. Building a satellite of that class, India has never done at least in a private context. ...Less

Morgan Stanley has showcased an impressive performance for the second quarter, surpassing Wall Street's e ...More

Morgan Stanley has showcased an impressive performance for the second quarter, surpassing Wall Street's earnings expectations. The surge in mergers and acquisitions has notably enhanced the investment bank's advisory revenues, while record trading profits emerged amid ongoing market fluctuations. Additionally, advancements in wealth management have played a pivotal role in fueling the bank's overall financial triumph, signifying a dynamic era for the financial services sector. ...Less

Anil Menon, an astronaut of Indian heritage, will journey to the International Space Station. He will spe ...More

Anil Menon, an astronaut of Indian heritage, will journey to the International Space Station. He will spend eight months conducting vital scientific experiments aboard the station. Menon will study the effects of microgravity on the human body and test new medical technologies. He will also research semiconductor crystal production for advanced computing and medical devices. This mission highlights advancements in space exploration and in-space medical capabilities. ...Less

SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company's most intelligent offering ...More

SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company's most intelligent offering to date designed for coding and agentic tasks. ...Less

Hyderabad-based Skyroot Aerospace achieved a significant milestone by placing payloads into orbit. The Vi ...More

Hyderabad-based Skyroot Aerospace achieved a significant milestone by placing payloads into orbit. The Vikram-1 rocket successfully completed its orbital mission, Aagaman, from Sriharikota. Prime Minister Narendra Modi congratulated the young team for this historic achievement. This success positions India in a select group of private companies with orbital launch capabilities. The mission de-risks technologies for Skyroot's future launch vehicles and future missions. ...Less

Skyroot Aerospace's orbital success fuels India's private space sector expansion. Startups are accelerati ...More

Skyroot Aerospace's orbital success fuels India's private space sector expansion. Startups are accelerating plans for commercial rocket and satellite launches. Agnikul Cosmos and EtherealX are preparing for upcoming missions and engine tests. Satellite manufacturers like GalaxEye and Dhruva Space are increasing launch capabilities. ...Less

School Assembly News Headlines, July 17: Skyroot Aerospace plans its Vikram-1 rocket launch on July 18. I ...More

School Assembly News Headlines, July 17: Skyroot Aerospace plans its Vikram-1 rocket launch on July 18. India and the UK signed a trade agreement to reduce tariffs on goods. The ICC approved significant changes to ODI and T20 World Cup formats. EPFO credited annual interest to millions of member accounts early. New Zealand will ease student visa rules for international learners. ...Less

Short sellers have dramatically increased their bets against SpaceX, with nearly a third of its tradable ...More

Short sellers have dramatically increased their bets against SpaceX, with nearly a third of its tradable shares now sold short. Despite initial paper profits, a recent stock rebound has led to substantial losses for these bearish investors. This surge in short interest, unusual for a new public company, could fuel further volatility and potentially trigger a short-covering rally as investors rush to limit their mounting losses. ...Less

The mission, named Aagaman, lifted off from the First Launch Pad at the Satish Dhawan Space Centre (SDSC- ...More

The mission, named Aagaman, lifted off from the First Launch Pad at the Satish Dhawan Space Centre (SDSC-SHAR) in Sriharikota at 12:05 noon. The mission completed all four stages as planned. The success marks India's first privately developed orbital launch vehicle mission and a major leap towards building commercial, on-demand satellite launch services from the country. ...Less

President Donald Trump is optimistic that Elon Musk will be donating SpaceX shares to his innovative savi ...More

President Donald Trump is optimistic that Elon Musk will be donating SpaceX shares to his innovative savings accounts program, joining other tech giants like Michael Dell in their pledges. Trump emphasised his robust relationship with Musk, who once backed his campaign. This tax-advantaged savings initiative is poised to debut this Saturday. ...Less

The artificial intelligence boom has propelled Dutch chip equipment maker ASML to become Europe's most va ...More

The artificial intelligence boom has propelled Dutch chip equipment maker ASML to become Europe's most valuable listed technology company, with investors increasingly betting it could become the continent's first trillion-dollar company. Strong AI-driven demand, a dominant position in advanced chipmaking equipment and bullish analyst forecasts have fuelled optimism, although geopolitical risks and sustained AI spending remain key variables. ...Less

After blowout second quarter earnings, investors and analysts are asking a once far-fetched question: cou ...More

After blowout second quarter earnings, investors and analysts are asking a once far-fetched question: could ASML become Europe's first ever trillion-dollar firm? ...Less

Global artificial intelligence stock rallies experienced a sharp setback last week. Investors are now rea ...More

Global artificial intelligence stock rallies experienced a sharp setback last week. Investors are now reassessing expectations surrounding artificial intelligence spending optimism. The Philadelphia Semiconductor Index fell significantly, entering bear market territory after a strong year. Momentum investing also showed signs of fatigue, with several technology stocks declining. Upcoming earnings reports will provide further indications of artificial intelligence spending plans. ...Less

Six Chinese investment banks will earn at least $41 million from CXMT's IPO. This significant payout boos ...More

Six Chinese investment banks will earn at least $41 million from CXMT's IPO. This significant payout boosts the industry's income pool, which has shrunk recently. The IPO continues a revival of the onshore market as the government lowers barriers. CXMT's fee rate is well below the market average, showing its bargaining power. This high-profile listing is Asia's biggest so far this year. ...Less

Data center operator Switch is preparing for a significant initial public offering. This offering could p ...More

Data center operator Switch is preparing for a significant initial public offering. This offering could potentially raise up to ten billion dollars soon. The company is valued at nearly eighty billion dollars, including its debt. Goldman Sachs and JPMorgan Chase are leading the underwriting process for this debut. This move highlights strong investor interest in AI infrastructure companies. ...Less

Bengaluru's GalaxEye has lost contact with its Drishti satellite launched in May. The world's first OptoS ...More

Bengaluru's GalaxEye has lost contact with its Drishti satellite launched in May. The world's first OptoSAR satellite experienced an anomaly after a geomagnetic solar storm. Communication loss occurred during the final stage of its early orbit phase. Recovery efforts are ongoing, but the company said that success appears unlikely at this time. ...Less

Global security risks are pushing defence to the forefront at Farnborough Airshow. Aerospace makers face ...More

Global security risks are pushing defence to the forefront at Farnborough Airshow. Aerospace makers face demand for weapons while civil jet production recovers slowly. Boeing and Airbus will announce new orders, but deliveries remain a key focus. Supply chain issues continue to affect aircraft and engine production rates. Defence will represent half of the record exhibitors at the upcoming show. ...Less

Private companies are reshaping India's space ambitions, building rockets and satellites as the country p ...More

Private companies are reshaping India's space ambitions, building rockets and satellites as the country pushes to capture a bigger share of the global space economy. Building a satellite of that class, India has never done at least in a private context. ...Less

Wisconsin election officials found Elon Musk likely broke state law. He offered one million dollar checks ...More

Wisconsin election officials found Elon Musk likely broke state law. He offered one million dollar checks to voters before a state Supreme Court election. Two complaints were referred to prosecutors for potential criminal charges. Musk's political action committee also offered payments for petition signatures. This follows his significant spending on the expensive judicial race. ...Less

The newest Kimi K3 model from Beijing-based startup Moonshot, run by a Pink Floyd-loving entrepreneur who ...More

The newest Kimi K3 model from Beijing-based startup Moonshot, run by a Pink Floyd-loving entrepreneur who earned his doctorate in Pittsburgh, appears to be catching up to the best versions of Anthropic's Claude and OpenAI's ChatGPT. ...Less

The Journal had reported, citing people familiar ⁠with the ⁠matter, that the prototype handset-like devic ...More

The Journal had reported, citing people familiar ⁠with the ⁠matter, that the prototype handset-like device was designed to run on a proprietary operating system, contained AI technology from xAI and would use Qualcomm's Snapdragon chips. ...Less

Elon Musk now calls Anthropic the industry's current leader in artificial intelligence. He admitted being ...More

Elon Musk now calls Anthropic the industry's current leader in artificial intelligence. He admitted being clearly wrong about the AI startup's potential outcomes. Anthropic is a major customer of Musk's SpaceXAI infrastructure company. The AI startup uses SpaceXAI's supercomputer for its advanced models. Musk stated he would never harm a competitor, citing Tesla and SpaceX examples. ...Less

SK Hynix's proposed $28 billion share sale in the US saw demand exceed offerings by seven times. This str ...More

SK Hynix's proposed $28 billion share sale in the US saw demand exceed offerings by seven times. This strong investor response highlights significant appetite for AI supply chain companies. The South Korean chipmaker is raising funds for new factories and equipment production. Investor optimism lifted SK Hynix shares by about six percent in morning trading. The company is a leading supplier of high-bandwidth memory chips for Nvidia. ...Less

Wall Street's investment banking recovery is gathering momentum, driven by a rebound in IPOs, M&A deals a ...More

Wall Street's investment banking recovery is gathering momentum, driven by a rebound in IPOs, M&A deals and corporate debt issuance. The six largest U.S. banks reported an average 45% year-on-year jump in investment banking fees in the second quarter, signalling a broad-based revival after years of weak dealmaking. ...Less

Citigroup reported strong second-quarter earnings, driven by trading and investment banking revenues. The ...More

Citigroup reported strong second-quarter earnings, driven by trading and investment banking revenues. The bank's net income jumped 45%, surpassing analyst expectations significantly. However, shares declined as investors focused on potential higher expenses ahead. Citigroup maintained its full-year return target, signaling possible weaker second-half profitability. The bank's results align with other major U.S. financial institutions reporting robust profits. ...Less

India has sent spacecraft to Mars and the Moon, put hundreds of satellites into orbit and will in the com ...More

India has sent spacecraft to Mars and the Moon, put hundreds of satellites into orbit and will in the coming days launch its first privately developed orbital-class rocket. - Mars, Moon, Sun, Sea - In 2014, India became the first Asian nation to put a spacecraft into orbit around Mars. ...Less

Goldman Sachs has reported robust profits for the second quarter, surpassing analysts' predictions. The f ...More

Goldman Sachs has reported robust profits for the second quarter, surpassing analysts' predictions. The firm's equities revenue soared to unprecedented levels, fueled by both fluctuating markets and active deal-making. Investment banking fees also experienced a notable increase, thanks to major transactions and advisory engagements. Additionally, the bank's asset and wealth management sector showed consistent growth, propelling Goldman's stock to new heights following these encouraging financial results. ...Less

Russian forces are camouflaging supplies and using jamming systems to disrupt Ukrainian drone operations. ...More

Russian forces are camouflaging supplies and using jamming systems to disrupt Ukrainian drone operations. These tactics aim to counter Ukraine's effective mid-strike drone campaigns behind front lines. Ukraine's drone commanders report Russia is deploying advanced jamming devices to block Starlink connections. Military supplies are now hidden in civilian vehicles and smaller convoys are used. ...Less

The latest financing takes Emergent's total capital raised since inception to $230 million. The startup l ...More

The latest financing takes Emergent's total capital raised since inception to $230 million. The startup last raised $70 million in January, in a round led by Khosla Ventures and SoftBank that valued it at $300 million. ...Less

In a remarkable feat, JPMorgan Chase announced its record profits for the second quarter, driven by impre ...More

In a remarkable feat, JPMorgan Chase announced its record profits for the second quarter, driven by impressive growth in investment banking and trading revenues. This quarter saw investment banking fees hitting their highest levels since 2021, and market revenues soared by thirty-five percent due to fluctuating trading conditions. Despite this success, share prices dipped after the bank raised expense forecasts for 2026, though net interest income continued to rise significantly. ...Less

Wells Fargo reported a significant profit increase in the second quarter. Strong trading desks and robust ...More

Wells Fargo reported a significant profit increase in the second quarter. Strong trading desks and robust loan growth fueled this positive financial performance. Net income rose seventeen percent, exceeding analyst expectations for the period. The bank's investment banking fees also saw a substantial jump. Headcount reduction continued as part of a long-term growth strategy. ...Less

Skyroot's Vikram-1 Launch: Skyroot Aerospace successfully launched its Vikram-1 orbital rocket from Sriha ...More

Skyroot's Vikram-1 Launch: Skyroot Aerospace successfully launched its Vikram-1 orbital rocket from Sriharikota. This marked India's first privately developed orbital-class rocket to take flight. The mission, named Mission Aagaman, signifies a major milestone for the nation's space sector. Vikram-1 is designed to carry payloads up to 350 kg to Low Earth Orbit. The launch underscores the expansion of India's private space ecosystem following policy reforms. ...Less

The tech firm's data center chip, code-named "Iris," is part of a four-generation project for Meta Traini ...More

The tech firm's data center chip, code-named "Iris," is part of a four-generation project for Meta Training and Inference Accelerators (MTIA) that it will design in-house. The plan is to use custom-built silicon to improve the AI that powers its Facebook and Instagram social media platforms. ...Less

Quote of the Day: Kobe Bryant's quote "A lot of people say they want to be great, but they’re not willing ...More

Quote of the Day: Kobe Bryant's quote "A lot of people say they want to be great, but they’re not willing to make the sacrifices necessary to achieve greatness" highlights the need for sacrifice to achieve greatness. Ambition alone is insufficient without dedicated effort and discipline and the quote of the day applies to students, professionals, and individuals pursuing goals. ...Less

ISRO successfully tested Gaganyaan's main parachutes in Madhya Pradesh. This critical test qualified the ...More

ISRO successfully tested Gaganyaan's main parachutes in Madhya Pradesh. This critical test qualified the parachute for expected load conditions. A simulated assembly was dropped from an aircraft at 2.5 km. Drogue and main parachutes deployed to reduce payload velocity safely. This successful test provides confidence for the first uncrewed Gaganyaan mission. ...Less

The loan makes BofA one of OpenAI's largest lenders and bolsters its credentials as a market leader in AI ...More

The loan makes BofA one of OpenAI's largest lenders and bolsters its credentials as a market leader in AI-related capital ⁠markets ⁠financing, the source said, requesting anonymity to discuss confidential information. ...Less

A US startup, Orbital, is looking to set up space-based data centres to meet the surging demand for AI co ...More

A US startup, Orbital, is looking to set up space-based data centres to meet the surging demand for AI computing power. The company aims to launch its first data centre satellite next year, with plans for 100,000 satellites in low Earth orbit to deliver 10 gigawatts of compute. Orbital plans to scale up deployment towards the end of the decade when the SpaceX-owned Starship will come online and significantly reduce the launch cost, Poon said. ...Less

The US-Iran war is escalating again, with all that means for crude prices and nervous markets. And halfwa ...More

The US-Iran war is escalating again, with all that means for crude prices and nervous markets. And halfway across the world, the long AI trade is unwinding, dragging down the high-priced names that led the rally. Between the two, volatility, which has been the defining feature of 2026, is set to rise again. But volatility has a shelf life. It comes, it frightens, and it goes. What survives it is the underlying business, the quality of the management running it, and their proven ability to handle exactly this kind of complexity. ...Less

Bengaluru-based Bellatrix Aerospace expects revenue to reach "a few tens of crores" in FY27, from just ab ...More

Bengaluru-based Bellatrix Aerospace expects revenue to reach "a few tens of crores" in FY27, from just about Rs 2 crore each year over the past three fiscal years, Yashas Karanam, cofounder and chief operating officer, told ET. The strong performance will be driven by growing commercial shipments of its propulsion systems, which have now entered full-scale production after years of product development and testing. ...Less

SK Hynix's Nasdaq debut saw its shares jump significantly after a large share sale. This event signals st ...More

SK Hynix's Nasdaq debut saw its shares jump significantly after a large share sale. This event signals strong investor enthusiasm for chip stocks amid the AI revolution. The company's offering was oversubscribed, meeting strong demand for AI-memory themes. SK Hynix is a leading maker of essential high-bandwidth memory chips for AI. This listing aims to close valuation gaps and provide access to a larger investor pool. ...Less

Amazon's latest batch of 29 satellites lifted off from Florida early on Thursday aboard an Atlas V rocket ...More

Amazon's latest batch of 29 satellites lifted off from Florida early on Thursday aboard an Atlas V rocket from United Launch Alliance, marking the company's 14th launch ⁠of dozens more ⁠planned to deploy more than 3,200 satellites that will provide global internet coverage from space. ...Less

SK Hynix's U.S. debut tests investor belief in the AI boom's durability. The South Korean chipmaker's off ...More

SK Hynix's U.S. debut tests investor belief in the AI boom's durability. The South Korean chipmaker's offering is the second-largest share sale in the United States. This move provides direct access to the world's largest pool of investors. SK Hynix leads in high-bandwidth memory chips essential for AI. Spending on AI infrastructure is expected to grow significantly by 2027. ...Less

SK Hynix begins US trading after a $26.5 billion ADR sale, expanding investor access to its AI memory chi ...More

SK Hynix begins US trading after a $26.5 billion ADR sale, expanding investor access to its AI memory chip business. The Nasdaq listing could narrow its valuation gap with Micron, while testing investor appetite for AI-linked semiconductor stocks. ...Less

SK Hynix shares surged 14% in their Nasdaq debut after a $26.5 billion offering, highlighting strong inve ...More

SK Hynix shares surged 14% in their Nasdaq debut after a $26.5 billion offering, highlighting strong investor demand for AI-linked chip stocks. The South Korean semiconductor giant aims to expand HBM chip production and AI infrastructure, while analysts monitor valuation concerns and risks of slowing AI spending. ...Less

U.S. markets closed lower as chip stocks declined on concerns the AI-driven rally may be overstretched. L ...More

U.S. markets closed lower as chip stocks declined on concerns the AI-driven rally may be overstretched. Losses in Micron and other semiconductor firms weighed on indices, while rising competition from China and unmet expectations after Samsung’s earnings added pressure. Investors are reassessing valuations amid continued volatility in AI-linked stocks. ...Less

U.S. District Judge Sparkle Sooknanan in Washington, D.C., said she had only a limited role in assessing ...More

U.S. District Judge Sparkle Sooknanan in Washington, D.C., said she had only a limited role in assessing whether the settlement meets minimum standards of fairness and reasonableness, or instead "makes a mockery of judicial power," and questioned whether the Trump administration let the world's richest person off too easily. ...Less

SpaceX is trading at around 107 times its 2025 sales, an astronomical valuation. By comparison, AI heavyw ...More

SpaceX is trading at around 107 times its 2025 sales, an astronomical valuation. By comparison, AI heavyweight chipmaker Nvidia recently traded at 21 times sales. ...Less

The company will sell 17.79 million new shares in the depository receipt listing on the ⁠Nasdaq, ⁠making ...More

The company will sell 17.79 million new shares in the depository receipt listing on the ⁠Nasdaq, ⁠making it one of the world's most valuable tech firms. ...Less

BlackRock is launching the iShares Nasdaq 100 ETF to capitalize on strong demand for AI-driven technology ...More

BlackRock is launching the iShares Nasdaq 100 ETF to capitalize on strong demand for AI-driven technology stocks. The fund will compete with established Nasdaq-100 offerings from Invesco and State Street, expanding BlackRock's lineup of index-based investment products. ...Less

Wall Street enters the second-quarter earnings season with expectations near record highs, leaving compan ...More

Wall Street enters the second-quarter earnings season with expectations near record highs, leaving companies with little room for disappointment. Investors will closely monitor AI spending, profit margins and corporate guidance to determine whether the broader stock market rally can sustain its momentum. ...Less

U. S Stock Market on Tuesday: Chip stocks have been some of the biggest winners of the AI trade so far th ...More

U. S Stock Market on Tuesday: Chip stocks have been some of the biggest winners of the AI trade so far this year amid hopes of insatiable AI demand, though concerns of the sector ⁠being overbought as well as profit-taking by investors have led to some volatility lately. ...Less

AI's environmental strain from data centers and resource exploitation is causing growing public concern. ...More

AI's environmental strain from data centers and resource exploitation is causing growing public concern. Communities face water shortages and e-waste issues while AI promises resource management improvements. AI can enhance grid efficiency and climate modeling, offering local benefits. However, equitable distribution of AI's economic gains remains a significant global challenge. Spreading AI development geographically can ease resource pressures and foster local capabilities. ...Less

Gulf sovereign funds invested $1.7 billion in India during the first half of 2026. This investment defied ...More

Gulf sovereign funds invested $1.7 billion in India during the first half of 2026. This investment defied geopolitical tensions and fears of reduced overseas deal appetite. The region's share in India's sovereign wealth fund investments nearly doubled since 2024. Funds deployed nearly three times more capital compared to the second half of 2025. These investors prioritize long-term structural themes like infrastructure and technology. ...Less

India's private space sector is rapidly advancing, with a space unicorn poised for launch and startups de ...More

India's private space sector is rapidly advancing, with a space unicorn poised for launch and startups developing cutting-edge satellites. Prime Minister Modi's initiative to open the industry is fostering innovation, attracting significant funding, and even drawing interest from billionaires like Mukesh Ambani. Despite challenges, the momentum is strong, with companies like GalaxEye and Pixxel making significant strides, signaling a promising future for India's ambitious space economy. ...Less

Dow Jones & US Stocks today: Chip stocks experienced significant losses, impacting the S&P 500 and Nasdaq ...More

Dow Jones & US Stocks today: Chip stocks experienced significant losses, impacting the S&P 500 and Nasdaq indices. Doubts emerged regarding the sustainability of the AI-driven rally, despite positive Samsung earnings. Samsung's shares declined in South Korea, affecting broader market sentiment. Other companies like Intel and Micron also saw substantial drops in their stock values. The Dow Jones Industrial Average, however, managed to achieve a new intraday record. ...Less