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ITG reveals revenue rise in US IPO filing as listings market heat up
ITG reveals revenue rise in US IPO filing as listings market heat up June 5 : Digital infrastructure services startup ITG reported a rise in quarterly and annual revenue in its filing to go public in the U.S. on Friday, as a host of companies line up to tap the public markets. A rebound in activity in the U.S. initial public offering market has made boardrooms eager to list their shares in the public markets, with Elon Musk's SpaceX set to debut on Nasdaq next week. AI giant Anthropic has...
Morningstar values SpaceX at $780 billion, half its IPO target
Morningstar values SpaceX at $780 billion, half its IPO target June 2 : Morningstar analysts pegged SpaceX's valuation at $780 billion, less than half of what the Elon Musk-led company is reportedly targeting in its initial public offering, ahead of a planned roadshow this week. Prospects for the company's artificial intelligence business, which includes xAI and social media platform X, were uncertain given unclear economics and competition from OpenAI and Anthropic, the research firm said....
Commentary: SpaceX’s capital needs are out of this world
Commentary: SpaceX’s capital needs are out of this world SpaceX's rising capital needs might be a tough sell ahead of its blockbuster initial public offering, says Chris Bryant for Bloomberg Opinion. Elon Musk’s SpaceX needed comparatively little money to build a world-beating space launch and satellite-broadband firm. But as it reframes itself partly as an artificial-intelligence (AI) infrastructure company - offering both terrestrial and potentially space-based computing capacity - its...
SpaceX's hold over orbit matches East India Company's grip on maritime trade
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