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SpaceX IPO Draws Billions

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SpaceX’s $75 Billion IPO Draws More Orders than Shares Available

SpaceX facilities in Hawthorne, California.

Bloomberg Markets 5d ago

SpaceX IPO Draws Billions in Orders From Middle East Funds

Deals SpaceX IPO Draws Billions in Orders From Middle East Funds Gulf wealth funds have put in orders for shares worth several billions of dollars in SpaceX’s initial public offering, according to people familiar with the matter, the latest indication of the region’s ambitions to continue playing a lead role in bankrolling the global artificial intelligence buildout. Saudi Arabia’s Public Investment Fund and Kuwait Investment Authority have each placed orders for shares worth $1 billion to...

Bloomberg Technology 9h ago

SpaceX IPO Draws Billions in Orders

Bloomberg Markets 4h ago

SpaceX IPO Draws Billions in Orders From Middle Eastern Funds

A SpaceX Falcon 9 reusable rocket booster on display outside the company's facilities in Hawthorne, California. Photographer: Ethan Swope/Bloomberg

Bloomberg Markets 9h ago

When IPOs go wrong: SpaceX, AI firms face a delicate process

When IPOs go wrong: SpaceX, AI firms face a delicate process SAN FRANCISCO, June 3 : Beware the ghosts of IPOs past. SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind. That will put the companies' chiefs in the sights of the buttoned-down world of Wall Street, even as they sell moonshots in the form of rockets and artificial intelligence software that occasionally makes up answers.

Channel News Asia 7d ago

OpenAI Confidentially Files for IPO on the Heels of SpaceX and Anthropic

OpenAI has filed confidential paperwork for an initial public offering, the company announced on Monday, kicking off what could be a monthslong process toward debuting on a US stock exchange. The move makes it the third company to file for what could be a trillion-dollar IPO this year. Tech companies pursuing the most powerful AI models, including publicly traded giants Alphabet, Amazon, Meta, and Microsoft, are hungry for tens of billions dollars each to build out more data centers and...

Wired 2d ago

Explainer-Why SpaceX faces a longer wait to join S&P 500

Explainer-Why SpaceX faces a longer wait to join S&P 500 June 5 : SpaceX's entry into the S&P 500 will take longer after S&P Dow Jones Indices declined to relax rules for megacap IPOs, delaying billions in passive fund inflows from the potential inclusion. The decision keeps several barriers intact. To join the S&P 500, a company must trade publicly for at least 12 months, be profitable under U.S. accounting standards and hold a free float of at least 10 per cent.

Channel News Asia 5d ago

Musk's Starlink leads Bezos' Amazon as airlines rush to boost in-flight Wi-Fi

Musk's Starlink leads Bezos' Amazon as airlines rush to boost in-flight Wi-Fi RIO DE JANEIRO, June 9 : Global airlines' push to attract premium customers is making fast in-flight Wi-Fi an increasingly important perk, turning a once-patchy paid service into an emerging battleground between Elon Musk's Starlink and Jeff Bezos' Amazon Leo satellite network. Starlink, which operates around two-thirds of all satellites in space and is the major driver of revenue for SpaceX, has signed up 11 new...

Channel News Asia 1d ago

Jim Cramer's top 10 things to watch in the stock market Monday

My top 10 things to watch Monday, June 1 1. Nvidia unveiled its first-ever PC processor at Computex, working closely with fellow Club name Microsoft . The chip uses the power-efficient Arm instruction set, taking aim at the x86 kingdom dominated by Intel and AMD .

CNBC 9d ago