Tech stocks are recovering from a brusing sell-off ahead of Oracle earnings, Apple's Worldwide Developers Conference, and the highly anticipated SpaceX IPO.
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Intuitive Machines has pulled back roughly 28.6% from its recent 52-week high amid a broader space sector selloff ahead of the anticipated SpaceX IPO.
Data centers use water primarily for cooling their servers, which process enormous amounts of information.
It was not immediately clear which states would bring the lawsuit, Reuters reported, citing sources familiar with the matter.
Technology stocks tumbled sharply Friday as the Nasdaq headed for its worst week in a year. Nasdaq Inc. shed nearly 2% in afternoon trades, as Nvidia, Micron and Sandisk fell. Tech behemoths like Amazon and Google edged lower.
The JPMorgan CEO is headlining the IPO roadshow.
Bitcoin's decline, which began after the Oct. 10, 2025 flash crash, entered a more volatile phase this week after Strategy (Nasdaq: MSTR), the world's largest corporate holder of Bitcoin, revealed it sold Bitcoin last week for the first time in years. U.S. spot Bitcoin ETFs had already recorded net ...
SpaceX IPO: Elon Musk's company plans to sell 556.6 million shares at $135 in its initial public offering, raising $75 billion.
From SpaceX to Anthropic, the pipeline of blockbuster initial public offerings is moving fast. The Honeywell -backed upstart is slated to go public on Thursday, according to Nasdaq, meaning the IPO likely will be priced later Wednesday.
While SpaceX’s anticipated public debut has Wall Street salivating over what could be the most consequential IPO in a decade, the historical record offers a sobering warning. The company filed its S-1 in May, outlining three business segments: Space (Falcon and Starship launch services), Connectivity (the Starlink broadband network), and AI (X and Grok subscriptions). ... SpaceX Is About to IPO. History Says a 55% Stock Drop Could Be Coming Next.
Investing.com -- Morgan Stanley has upgraded Yum Brands to Overweight from Equal-weight while downgrading Chipotle Mexican Grill to Equal-weight, arguing that the fast-food giant offers a more attractive combination of growth, value positioning, and technology-driven upside in an increasingly cautious consumer environment.
Anthropic has filed for an IPO and Strategy finally sold bitcoin for the first time since 2022.
The numbers don't add up for SpaceX's astronomical IPO valuation.
S3 Partners said short exposure of $118.3 million exceeds the combined active and passive institutional long positions.
Anthropic has filed for an IPO and Strategy finally sold bitcoin for the first time since 2022.
Robinhood Markets (NASDAQ:HOOD) is one step closer to having its IPO-related legal battle reviewed by the U. S.
ASTS faced additional pressure after Blue Origin's latest New Glenn anomaly.
What's better: paying $2 trillion for SpaceX, with under $20 billion in revenue, or $5 trillion for Google (GOOG), generating $400 billion in revenue and $100 billion in profits.
Shares of Spanish beauty group Puig Brands are tumbling today, following the termination of talks with U.S. cosmetics giant Estee Lauder over a potential merger. Puig's shares were recently down 13% in Europe, on pace for their second-biggest fall since the company started trading in 2024. Estee Lauder's shares, meanwhile, climbed roughly 9% premarket, on track for their best one-day performance in nearly a year.
Madrid-listed shares fell more than 14% in European morning trading, while Estee Lauder’s stock was up over 10% in premarket trading.
Prediction market traders currently see the highest odds for a SpaceX debut valuation between $2 trillion and $2.5 trillion.
Investing.com -- Puig shares fell nearly 13% in early trading on Friday after Estee Lauder and the company ended merger discussions that were first disclosed in March.
Nvidia stock fell late despite strong earnings. Elon Musk's SpaceX released its filing for a mammoth IP. Stocks rallied Wednesday as oil prices dived on Iran hopes.
Investing.com -- Tesla Inc (NASDAQ:TSLA) fell 3% Monday as the SpaceX initial public offering sparked concerns among Wall Street analysts about competition for investor capital and management attention.
A California jury, on Monday found OpenAI cofounders CEO Sam Altman and president Greg Brockman not liable of unjustly enriching themselves by turning the once nonprofit company into a for-profit business.
(Bloomberg) -- Elon Musk has turned science fiction into reality for the better part of two decades, making believers rich and earning the benefit of the doubt from many on Wall Street. Away from rockets and electric cars, his companies are bending reality on another plane – convincing analysts to stretch their traditional valuation tools, and assign multiples based on what one academic calls “optionalities.”Most Read from BloombergUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpWi
Earlier this week, Gemini Space Station, Inc. reported first-quarter 2026 revenue of US$50.27 million, a net loss of US$108.98 million, and secured a US$100 million investment from Winklevoss Capital Fund amid multiple securities class action lawsuits over its IPO disclosures and business pivot. The combination of stronger sales, fresh founder-backed funding, and litigation over Gemini’s shift from its core crypto exchange toward prediction markets highlights a company undergoing significant...
A blockbuster IPO, fame and fortune — yet something still felt off. Airbnb (NASDAQ:ABNB) co-founder and CEO Brian Chesky says even what looked like the biggest milestone of his life didn't change how he felt because much of our long-term...
The AI chipmaker priced at $185, planned to sell at $125, and cleared a $100 billion valuation before lunch, which is not bad for a company nobody had heard of 48 hours ago
The 2020s might enter the history books as an era where the market skipped the stairs and kept taking the elevator either way. The recent surge since the beginning of Q2 is the best example. According to BullTheory, U.S. equities added nearly $10 trillion in market capitalization in just 39 trading days. Yet, the realized volatility has become highly asymmetric. On up days, it is running roughly seven times as much as on down days. Historically, that kind of imbalance tends to appear near exhaus