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SpaceX eyes $75 billion IPO, valuing company at $1.77 trillion
SpaceX eyes $75 billion IPO, valuing company at $1.77 trillion SpaceX, Elon Musk’s rocket and satellite company, said on Wednesday it plans to raise about $75 billion in an initial public offering, valuing the company at $1.765 trillion. The company will offer 555.6 million shares at $135 each, surpassing Saudi Aramco’s record $25.6 billion IPO in 2019. SpaceX, the rocket and satellite company led by US billionaire Elon Musk, aims to raise approximately $75 billion in a record initial public...
$1.77 trillion! SpaceX is about to become the 7th-most valuable American company
SpaceX is about to become the 7th-most valuable American company SpaceX's initial public offering (IPO) will launch the company into rarefied financial air. The company revealed this week that it plans to sell shares at $135 apiece during the IPO, which will occur June 12 when SpaceX begins trading on the Nasdaq under the ticker symbol SPCX. That share price would give the company a valuation of $1.77 trillion, according to CNBC.
Pentagon bans China's biggest car company, blames it for helping Chinese govt
Pentagon has added several major Chinese companies, including electric vehicle giant BYD, technology company Alibaba and search engine Baidu, to its list of Chinese military companies. The move, announced in a Federal Register post dated June 9, 2026, prevents the above stated companies from receiving US defense contracts and marks a broader effort by Washington to target businesses it believes are helping China's military capabilities. According to the Pentagon, BYD, Alibaba and Baidu...
Nvidia-backed $5 billion AI company tells CNBC it's launching major expansion in London
American AI company Runway is planning a major expansion in London, CNBC has learned, following in the wake of Anthropic and OpenAI as U.S. tech companies increasingly look to tap into commercial and talent opportunities in the city. Runway, which is building world models, on Monday exclusively told CNBC that the company plans to make London its new European headquarters and will invest more than $200 million into the U.K.'s AI ecosystem by the end of 2028. The company most recently raised...
A private equity company has acquired Balatro publisher, Playstack
A private equity company has acquired Balatro publisher, Playstack The new owner, Integrated Media Company, also owns Fandom, Gamespot and metacritic A majority stake of the indie game publisher Playstack is being sold to an investment company called Integrated Media Company (IMG). As first reported by Game Developer, the owner of the publisher behind hits like Balatro and The Case of the Golden Idol is selling an 84.5 percent stake to a subsidiary of IMG called VantageCo Limited for £112.4...
AI companies are barreling toward huge Wall Street debuts. A look at the biggest players
AI companies are barreling toward huge Wall Street debuts. A look at the biggest players Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations - Bookmark Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations. From Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to...
Social media ban latest: Starmer demands tech companies clamp down to protect children
Social media ban latest: Starmer demands tech companies clamp down to protect children Tech companies such as Apple or Google told to introduce device controls to protect children - Bookmark - CommentsGo to comments Sir Keir Starmer has told tech companies they must introduce device controls to prevent children sending or receiving explicit images, or the government will legislate to force the change. The prime minister said that “the pace of change cannot be an excuse for harm”, as he...
Beijing condemns US move to blacklist Chinese companies
Beijing condemns US move to blacklist Chinese companies China said Tuesday that it “firmly opposed” the US decision to blacklist major Chinese companies including Alibaba and Baidu, after Washington accused them of aiding the Chinese military. Beijing warned against what it called the “unreasonable suppression” of Chinese firms and called on Washington to correct its decision. Beijing said on Tuesday it "firmly opposed" the US blacklisting of Chinese companies, after Washington added tech...
Kebab company fined £500,000 for selling meat that 'contained little actual lamb'
Kebab company fined £500,000 for selling meat that 'contained little actual lamb' An Essex-based company has been slapped with a £500,000 fine for mislabelling lamb kebabs sold in restaurants and takeaways across the UK An Essex-based company that supplied kebabs to takeaways and restaurants across the UK has been slapped with a £500,000 fine for selling "lamb" that was mostly "skin and fat". Swansea Crown Court heard that kebabs produced by Kismet Kebabs Ltd and labelled as lamb contained...
Cattle company’s own tip-off revealed biosecurity breach, court told
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