A Musk Backer Hands SpaceX Shares Directly to Its Fund Investors
The transaction was quiet by design. A filing with the Securities and Exchange Commission showed that Valor Equity Partners, the investment firm founded by Antonio Gracias, had transferred 8.5 percent…
McKinsey Says U.S. Chip Industry Faces a 157,000-Worker Shortfall
The factories are funded, the subsidies are in place, and the chips are designed. What is missing, according to a report McKinsey published with the SEMI Foundation on September 17,…
German Court Rules Meta Liable for Fraudulent Ads on Its Platforms
The ruling came down on September 17, and it pushes against a principle that platforms have relied on for years. A German court found that Meta is responsible for fraudulent…
CoreWeave Raises Debt and Plans a Stock Sale to Fund More Chips
CoreWeave moved on both sides of the capital structure on September 17. The AI cloud provider said it would sell $3 billion of convertible preferred notes and, in a separate…
SEC Opens a Path for Tokenized Stocks, Moving U.S. Trading Toward 24 Hours
The order was dated September 17 and took effect immediately. The Securities and Exchange Commission issued a ruling that gives trading platforms a regulatory channel to issue tokenized versions of…
X Adds a Way to Trade Stocks and Crypto From the Timeline
The feature has its roots in 2008, when a dollar sign in front of a ticker on Twitter was just a way to gather the conversation about a stock. On…
Lucid Teams With Bolt to Put 25,000 Robotaxis on European Roads
The announcement came on September 17, and it was the first big external deal Lucid had signed since Silvio Napoli took over as chief executive and cut nearly 30 percent…
Snap Recruits Nvidia and Amazon to Sell Its AR Glasses to Business
Evan Spiegel opened with a correction. Standing before a room of partners on September 16, the Snap chief executive said the company needed people to understand that Specs, its $2,195…
Huang Says Nvidia’s Chip Sales Will Double by 2027
Jensen Huang set the number himself. In remarks reported by Bloomberg on September 17, the Nvidia chief executive said the company’s chip sales in 2027 will reach twice the level…
Arm’s Chief Says a $2 Billion Custom-Chip Target Is Within Reach
Rene Haas chose a television studio for the message. Appearing on CNBC’s “Mad Money” on the evening of September 16, the Arm chief executive said he feels “good” about the…
