SpaceX Joins the Top Six U.S. Stocks as Barron’s Declares the Magnificent Seven Over
The math changed on a single trading day. When SpaceX closed its debut at $160.95 a share, its market value of about $2.1 trillion put it above Tesla at roughly…
Tesla’s Robotaxi Service, a Year In, Runs 59 Cars and Crashes More Than Humans
On a weekday morning in Austin, the wait for a Tesla robotaxi can stretch past 20 minutes, and the ride, when it arrives, does not always make it to the…
Amazon Puts Claude Fable 5 on Bedrock Days Before U.S. Order to Disable It
The announcement was routine for AWS: a new model, available to enterprise customers on the Bedrock platform, billed as another step in Amazon’s effort to offer every major AI system…
SK Hynix Plans U.S. Listing as Early as August, Reuters Reports
The Korean chip maker that has ridden the AI memory boom to a $1 trillion market value is preparing to take its shares to the United States. SK Hynix plans…
SpaceX’s Nasdaq Debut Becomes the Largest IPO in History
Gwynne Shotwell rang the opening bell at the Nasdaq MarketSite in Times Square, and a stock that investors had chased for years finally traded under a ticker. SPCX opened at…
Bezos’s Prometheus Raises $12 Billion to Engineer the Physical World
Jeff Bezos sat down with CNBC’s David Faber at Prometheus’s San Francisco headquarters and, for the first time, explained publicly what he is building with his money. The company he…
Amazon Lines Up $31.5 Billion in Two Days for Its AI Buildout
Amazon’s balance sheet is now part of its AI strategy. In the space of 48 hours this month, the company arranged roughly $31.5 billion in new financing: a $17.5 billion…
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…
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…
Ex-xAI Engineer Sues, Claiming He Was Fired Over Grok Safety Warnings
The lawsuit landed in California state court the same morning SpaceX set the price for its initial public offering, a timing choice that was deliberate, according to a person familiar…
