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…
Microsoft Fixes 206 Security Flaws in a Month, Including Three Zero-Days
The patch list ran 206 entries long, and for the security teams that track such things, the size alone was the story. Microsoft fixed 206 vulnerabilities in a single month’s…
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…
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…
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 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…
Buffett and Li Ka-shing Keep Moving to Cash
Two of the world’s most patient investors, aged 95 and 97, are moving in the same direction, and neither is buying. Warren Buffett’s Berkshire Hathaway has now sold stock for…
