Author: franperez66q@protonmail.com
Elon Musk is photographed at SpaceX in Brownsville, Texas. Marvin Joseph | The Washington Post | Getty ImagesThe world’s richest person is on the doorstep of trillionaire status. SpaceX CEO Elon Musk owns a stake in his reusable rocket maker that’s worth $866.5 billion on paper, according to the company’s updated IPO prospectus published on Wednesday. SpaceX said it plans to price its upcoming IPO at $135 a share for a valuation of about $1.77 trillion. For the 54-year old Musk, the SpaceX offering, which is expected next week, comes 16 years after he took Tesla public. Now he owns…
Alex Davies-Jones also read out a statement from an Epstein survivor during a House of Commons debate. Source link
CNBC’s Jim Cramer warned Wednesday that a wave of capital raises tied to the artificial intelligence boom could create a near-term headwind for stocks. “Bull markets can be killed by business conditions or interest rates or geopolitical turmoil, but the thing that most easily leads them to the slaughterhouse is an excess of new supply,” the “Mad Money” host said. “Like any market, when supply outstrips demand, prices go right down.”Cramer pointed to a growing pipeline of companies are seeking capital to fund massive AI infrastructure buildouts, including highly anticipated IPOs from SpaceX, Anthropic and OpenAI, as well as Alphabet’s…
Broadcom’s revenue misses estimates as AI chip race heats up, shares tumble Source link
“When that false information gets out, it causes significant panic,” Rollins said Tuesday, according to the Texas Tribune. “And rightly so, especially if it’s coming from elected officials and the media.” On Wednesday, Reuters reported that McLaughlin suspected the fly was now here. He said samples taken Tuesday from two calves on a ranch in La Pryor, Texas, were being tested as possible screwworm infections, including one infection on the umbilical cord wound of one of the calves. McLaughlin said he had seen images and videos of the animals and that the larvae seen in them looked like screwworm larvae.…
In a joint warning issued in a bulletin by the Five Eyes alliance, made up of UK, US, Australia, Canada and New Zealand agencies, it warned undercover operatives are using legitimate sites including LinkedIn, Indeed and Upwork to advertise fake analyst jobs. Source link
Elon Musk’s SpaceX set a fixed price of $135 per share ahead of officially marketing its initial public offering, according to a filing with the Securities and Exchange Commission on Wednesday. SpaceX said it plans to sell 555.6 million shares, which would amount to a $75 billion fundraise. The underwriters have an option to purchase an additional 83.33 million shares at the IPO price, amounting to $11.2 billion. Musk will own over 82% voting control after the offering, the filing said. Goldman Sachs is the lead banker for the offering, followed by Morgan Stanley, Bank of America, Citigroup and JPMorgan…
Loop Industries stock jumps on C$2.92M government funding Source link
Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on Sept. 13, 2022.Ying Tang | Nurphoto | Getty ImagesBroadcom reported weaker-than-expected revenue in its fiscal second-quarter earnings report. The stock slid in extended trading and fell further after CEO Hock Tan did not raise the company’s full-year target of $100 billion in AI chip sales. Here’s how the chipmaker did versus LSEG consensus estimates:Earnings per share: $2.44, adjusted, versus $2.40 estimatedRevenue: $22.19 billion versus $22.27 billion estimatedRevenue climbed 48% from $15 billion in the same quarter a year earlier, Broadcom said in a statement. Sales have…
US President Donald Trump speaks to the press near the construction site of his proposed ballroom at the White House in Washington, DC, on May 19, 2026. Kent Nishimura | Afp | Getty ImagesSenate Republicans on Wednesday stripped up to $1 billion in security funding for President Donald Trump’s proposed White House ballroom and the Secret Service from a revised immigration enforcement bill.GOP leaders privately concluded that the funding proposal risked derailing the broader immigration bill, both politically and procedurally, according to several media reports. The provision also sparked political concerns among some Senate Republicans, who worried the funding could…