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…
Mistral in Talks to Raise 3 Billion Euros at a 20 Billion Euro Valuation
In a glass office block near the Paris Bourse, the founders of Mistral AI are doing what they have done at every stage of the company’s life: raising money. The…
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…
Hedge Funds Shed Big Tech Before SpaceX Debut, JPMorgan Data Show
The selling started on June 5 and did not stop for a week. Across hedge fund books, positions in the biggest American technology stocks came down in size — every…
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…
Xbox Revenue Keeps Falling After $20 Billion of Spending
The memo landed on June 10 with a title that did not hedge: “Next 100 Days: Xbox Reset.” In it, Microsoft’s gaming division acknowledged what executives had said privately for…
Asian Chip Stocks Surge as Samsung Jumps 11% in One Day
On the Seoul exchange, the trading halt hit before lunch, and traders on the floor described the mood as a mix of relief and disbelief. Samsung Electronics rose 11% in…
AMD Shares Rally as Analysts Lift Price Targets Across the Board
The notes went out within hours of each other. Citi raised its target on AMD to $575, Bank of America to $560, TD Cowen to $600 and Mizuho to $615.…
Micron’s Free Cash Flow Is Set to Exceed All Prior Years Combined
The number that has Micron’s investors talking is not revenue, and it is not market share. It is free cash flow — the money left after capital spending — which…
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…
