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…
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…
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…
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…
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…
Amazon Lines Up $31.5 Billion in Two Days for Its AI Buildout
Amazon’s balance sheet is now part of its AI strategy. In the space of 48 hours this month, the company arranged roughly $31.5 billion in new financing: a $17.5 billion…
Bezos’s Prometheus Raises $12 Billion to Engineer the Physical World
Jeff Bezos sat down with CNBC’s David Faber at Prometheus’s San Francisco headquarters and, for the first time, explained publicly what he is building with his money. The company he…
SpaceX’s Nasdaq Debut Becomes the Largest IPO in History
Gwynne Shotwell rang the opening bell at the Nasdaq MarketSite in Times Square, and a stock that investors had chased for years finally traded under a ticker. SPCX opened at…
Intel Wins Google’s TPU Business in a Foundry Breakthrough
Google has ordered more than three million of its custom TPU AI chips from Intel’s foundry, with production scheduled for 2028, according to people familiar with the agreement. The order…
Ex-xAI Engineer Sues, Claiming He Was Fired Over Grok Safety Warnings
The lawsuit landed in California state court the same morning SpaceX set the price for its initial public offering, a timing choice that was deliberate, according to a person familiar…
