SpaceX Lockup Expiry Piles Pressure on Shares After Earnings Drop
The calendar flipped to August 6, and the lockup that had kept nearly a billion SpaceX shares off the market expired at midnight. By morning, roughly 911.5 million shares held…
Musk’s Wealth Sheds $363 Billion in One Month
Elon Musk’s personal fortune fell by about $363 billion in July, according to a report by China News Service, the steepest monthly decline for a billionaire in recent memory, as…
KOSPI Triggers Upside Circuit Breaker as Chip Stocks Rally
South Korea’s KOSPI index triggered an upside circuit breaker at the open Wednesday, surging 3.8% as memory stocks rallied, one day after the index had fallen sharply in a global…
SpaceX Amasses $19.6 Billion Spectrum Stash, Rattling U.S. Carriers
Shares of AT&T, Verizon and T-Mobile fell in pre-market trading Tuesday after a Reuters report detailed how much wireless spectrum SpaceX has quietly assembled for a ground network to complement…
SpaceX’s First Earnings Show Revenue Surge and AI Spending Fears
SpaceX reported its first quarterly results since its public listing on Tuesday, showing revenue up 92% and a narrower net loss, but the stock fell as much as 12% at…
Bezos Sells Amazon Shares in First Disposal of the Year
Jeff Bezos sold nearly $350 million worth of Amazon.com stock this week, his first sale of the company’s shares this year, according to a Form 4 filing submitted to the…
For AI Stocks, Beating Estimates No Longer Enough
Palantir’s shares jumped 29% on Tuesday, a day after the software company reported quarterly revenue up 93% and raised its full-year forecast by $500 million. Hours earlier, AMD had reported…
Zeiss Says EUV Optics Can Keep Pace With AI Demand
In Oberkochen, a town of about 8,000 in southwestern Germany, Zeiss is making room. The company’s semiconductor unit said last month that it had rebuilt part of its headquarters site…
SpaceX’s $116 Billion Lockup Countdown
SpaceX reports its first earnings since going public after the market closes today, with a short position of about $23.6 billion hanging over the stock and $116 billion in lockup…
The Atlas Browser’s 10-Month Run
Users of OpenAI’s ChatGPT Atlas browser have about a week to export their bookmarks. OpenAI said Atlas will stop service on Aug 9, ending a product that arrived on macOS…
