Elon Musk Loses $130 Billion in Five Days, Calls Himself a ‘Former Trillionaire’
The post went up on his social platform late in the week, in the jokey register he uses when the news is bad: a reference to himself as a “trillionaire,”…
Goldman Sachs Tells Clients the Old Investment Rules Are Dead
For most of the last four decades, the arithmetic of investing was almost boringly dependable. Buy the dips. Trust the multiples. Assume rates drift lower. Add a few index funds,…
Two Former VW Engineers Charged Over Rivian Insider Trading
The trades were placed quietly, in accounts that did not attract immediate attention, but their timing was too precise to be coincidence. The U.S. Department of Justice has charged two…
Hoffman and Pincus Found AI Lab Prentis With $100 Million in Sight
The founding team reads like a roll call of the internet’s first social era. Reid Hoffman, the LinkedIn co-founder who became one of artificial intelligence’s most visible investors, and Mark…
Musk’s Boring Company Seeks $4 Billion at $20 Billion Valuation
The valuation has grown nearly fourfold in four years, and the pitch to investors has not fundamentally changed: dig tunnels, move cars underground, and build a transit network one city…
Meta Shares Down Nearly 10% This Year as Q2 Report Approaches
The stock chart tells the story of the year so far: Meta Platforms shares have fallen almost 10 percent since January, a slide that has left the company trailing most…
Tesla’s Cybercab Moves From Pilot to Paid Service in Florida
The two-seat vehicle with no steering wheel and no pedals pulled into service in Orlando and Tampa this week, and with it, Tesla’s robotaxi business crossed a line it had…
SpaceX Deploys First V3 Starlinks, Booster Recovery Fails Again
The booster was supposed to slow down, hover over the Gulf of Mexico and splash down under control. Instead, on July 24, the Super Heavy stage of SpaceX’s Starship came…
Anduril in Talks to Raise at $100 Billion Valuation
The number that has circulated through Silicon Valley for weeks is finally attached to a negotiation. Anduril Industries is in discussions with investors for a funding round that would value…
BlackRock Raises $12.3 Billion for Meta’s Data Centers
BlackRock’s capital markets unit launched a $12.3 billion bond sale on July 24 to finance Meta’s data center buildout, one of the largest single financing packages for data center infrastructure…
