D.E. Shaw Opens $912 Million SpaceX Position, Cuts Broadcom Stake 58%
In a single quarterly filing, D.E. Shaw & Co. disclosed a brand-new position in SpaceX worth $912.4 million and a 58% reduction in its stake in Broadcom Inc., two moves…
OpenAI Backs California AI Safety Bill, Cuts Model Prices, Takes Ads to Europe
In the space of 48 hours last week, OpenAI did three things that, taken together, sketch the strategy of a company preparing to go public. It endorsed a California bill…
SpaceX Shares Slide as Second Lockup Release Adds to Selling Pressure
SpaceX’s stock fell 5.6 percent on Wednesday as the company’s second lockup period expired, freeing about 319 million shares for trading, according to data compiled by this publication. The decline…
Nevada Lets Tesla, Uber, and Waymo Put 8,000 Robotaxis on Las Vegas Streets
Nevada regulators on Friday approved Tesla, Uber, and Waymo to operate driverless taxis in Las Vegas, a decision that allows the three companies to deploy up to 8,000 robotaxis combined…
Anthropic’s IPO Ambition: Raise as Much as SpaceX Did
Anthropic is telling prospective investors that its initial public offering could raise as much as, or more than, the roughly $86 billion that SpaceX collected when it listed, according to…
Musk Denies Report of SpaceX’s $6 Billion Spectrum Deal
Elon Musk said Wednesday that reports of SpaceX agreeing to buy $6 billion in wireless spectrum were untrue, a rare public denial from the billionaire after news outlets cited people…
Apple Cuts Vision Team Staff as Its Focus Shifts to AI Glasses
Apple has laid off at least 60 employees from its Vision group, the unit that built the Vision Pro headset, according to people familiar with the matter, a reduction that…
SpaceX Hauls Starship Prototype Home After 24-Day Sea Recovery
The recovery vessel worked for 24 days to bring the Starship back to port, fighting heavy seas the whole way. SpaceX called the operation routine. Nothing about it was. SpaceX…
Wall Street Starts Pricing a Tesla-SpaceX Union, One Rocket at a Time
The roadster has been delayed so often that its launch date has become a joke in car circles, but a former Tesla president said Wednesday that the delays are not…
Amazon Expands Prime Air to Nearly 500 Cities in Its Boldest Drone Bet Yet
Amazon said Wednesday it will expand its Prime Air drone delivery service to nearly 500 cities and towns across the United States this year, roughly six times the service’s current…
