SpaceX Draws $250 Billion in Orders Ahead of Record IPO
The order book kept swelling through the week, and by Tuesday it had passed $250 billion. SpaceX, the rocket and satellite company founded by Elon Musk, plans to raise about…
Mira Murati Steps Back Into the Spotlight, Carefully
The stage was set in San Francisco on Thursday for the Bloomberg Technology Summit, and the seat at the front of the room belonged to someone the AI industry had…
ByteDance Says It Won’t Build Cars, Even as the Industry Around It Does
The name sounded like a corporate marriage announcement: Saidou, a blend of Seres and Doubao, ByteDance’s AI assistant, and the market drew its own conclusions. Reports spread that ByteDance, the…
SpaceX Prices Its IPO at $1.77 Trillion
The price was fixed, no range, and the room was told so up front. At the SpaceX investor roadshow in midtown Manhattan this week, the screen showed $135 a share,…
Apple Opens Messages to an AI Agent and Puts Its Glasses On
The startup is called Poke, and it has done something no other company has managed: get an AI agent approved to run on Apple’s Messages for Business platform. The approval,…
Meta’s Data Centers Get a Tent Upgrade
The satellite images show what look like enormous white structures rising outside New Albany, Ohio. City permits identify them as rapid deployment structures, which is Meta’s polite term for what…
Lululemon Cuts Its Outlook as Brand Noise Bites
The apology was not quite an apology, but it was close. “We experienced spikes of negative commentary in the media and on social channels with regard to our brand, which…
Jamie Dimon Takes SpaceX’s IPO Pitch to JPMorgan’s Richest Clients
Jamie Dimon will personally pitch SpaceX’s initial public offering to the bank’s wealthiest clients this month, a roadshow built around the lender’s branch network rather than the usual circuit of…
Apple Doubles MacBook Neo Output After Demand Beats Forecasts
Apple’s cheapest MacBook in years has turned into one of the company’s fastest-selling products, prompting the Cupertino, Calif., company to double planned production of the $599 laptop to 10 million…
Nvidia’s Next Chips Aim at ‘Star Trek’-Level AI Computers
Nvidia is already planning the chips after the chips it is shipping today. At Computex this week, the company outlined a roadmap that extends past its current Blackwell generation to…