Cathie Wood’s ARK Buys $444 Million of SpaceX Stock, Sells AMD Shares
The trade ticket hit the desk before the opening bell: 3.29 million shares of SpaceX, the freshly listed rocket company, for $444 million. The buyer was Cathie Wood’s ARK Investment…
SpaceX Stock Closes Up 19% in Trading Debut, Making Musk the First Trillionaire
The first trades crossed at 9:30 a.m., and by the closing bell the tape told a story four years in the making. SpaceX, the rocket company Elon Musk built from…
The SpaceX IPO Left Some Investors Waiting in the Dark
On the morning of June 12, as SpaceX shares opened 29% above their offer price on Nasdaq, an investor who had wired money into a SpaceX special purpose vehicle in…
Adobe’s CFO Exit Overshadows a Beat-and-Raise Quarter
The earnings release contained two stories. The one investors traded was buried near the bottom, three sentences long: Adobe’s chief financial officer, Dan Durn, was leaving in four days. Shares…
Nvidia’s Robot Blueprint Puts a Chinese Chassis at the Center
Nvidia’s vision for humanoid robots now has a blueprint. The company this week released Isaac GR00T, its first open-source reference design for a humanoid robot, a specification sheet and software…
SpaceX Prices IPO at $135 a Share, Raising About $75 Billion
Late Wednesday, the order book for SpaceX’s initial public offering had swelled past $250 billion, roughly three times the shares on offer. The company priced the deal at $135 a…
SpaceX Prepares for Record Debut as Warren Urges SEC Delay
NEW YORK—The price is $135 a share, fixed, take it or leave it. The ticker is SPCX. And the order book, according to people familiar with the matter, has already…
Toyota and Honda Sales in China Keep Falling as Local EV Brands Advance
GUANGZHOU — Toyota sold 102,300 vehicles in China in May, down 31.7% from a year earlier, a fourth consecutive monthly decline and an acceleration from April’s 25.4% drop. Honda fared…
Damodaran Declines SpaceX IPO, Calling Price Too High
The most famous valuation professor in America was asked on live television whether he would buy SpaceX at its initial public offering price, and he did not hesitate. “No,” Aswath…
Uber, Wayve and Waymo Square Off in London
Uber riders in Britain can now sign up for a waitlist to hail robotaxis made by Wayve, the London-born autonomous driving company, according to TechCrunch, and the opening of that…
