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The Week in Numbers: SpaceX's colossal climb, Pizza Hut's price tag
Reuters Videos99d agoneutralVIDEO
The Week in Numbers: SpaceX's colossal climb, Pizza Hut's price tag

<body><p>STORY: &nbsp;From SpaceX's colossal climb up the market...to Pizza Hut's price tag</p><p>This is the week in numbers.</p><p>:: The Week In Numbers</p><p>:: $2.52 trln</p><p>$2.52 trillion was the market cap given to SpaceX as shares of the rocket maker soared this week.</p><p>Elon Musk's company's value catapulted past Amazon's and briefly above Microsoft's.</p><p>Towards the end of the week though, shares dropped more than 6%...</p><p>as the post-IPO frenzy that briefly placed Elon Musk's rockets-to-AI firm...</p><p>among the world's top five most valuable companies, appeared to fizzle out.</p><p>:: 30%</p><p>30% is how much Allbirds shares soared by after the former footwear company changed its name to Smartbird.</p><p>The move cemented its months-long transformation from shoemaker to AI infrastructure firm, shifting its focus to offer cloud computing capacity.</p><p>The company also appointed former Amazon executive Nadia Carlsten as its new CEO.&nbsp;</p><p>:: 7%</p><p>More than 7% is the hit BMW's shares took after the German automaker issued a profit warning.</p><p>The premium carmaker blamed ongoing weakness in the world's largest auto market China, and the impact of the Iran war on prices and customer sentiment.</p><p>Analysts said the outlook cut was significantly larger than expected.</p><p>BMW shares dipped to their lowest level since 2020.</p><p>:: $22 bln&nbsp;</p><p>$22 billion is the amount media giant Fox is spending on buying streaming platform Roku.</p><p>The deal gives the parent company of Fox News access to Roku's more than 100 million households.</p><p>Potentially helping the legacy cable and broadcast company better compete for eyeballs, target its ads and reduce reliance on traditional distribution.&nbsp;</p><p>:: $2.7 bln</p><p>$2.7 billion is the price tag Yum brands set for Pizza Hut as the fast-food business struggles with stiff competition and cautious consumer spending.</p><p>Rising inflation and higher commodity costs have weighed on U.S. pizza chains facing weak demand.</p><p>Growing use of weight-loss drugs is nudging consumers toward healthier options.</p></body>

Cathie Wood Backs the Musk Factor as ARK Buys Tesla After SpaceX Pile-In
Barrons.com99d agobullish
Cathie Wood Backs the Musk Factor as ARK Buys Tesla After SpaceX Pile-In

Cathie Wood’s ARK Invest funds reiterated their faith in Elon Musk—buying back into Tesla after selling shares last week in a move that looked like it was making room for SpaceX’s mega IPO. A trading notice revealed on Thursday it added 54,815 shares across its ARK Innovation ETF—where the electric vehicle maker remains the top holding, making up 9.7% of the fund—and its ARK Next Generation Internet ETF, in which it is second in terms of holdings, making up 8.6% of the fund. Wood’s admiration for Elon Musk’s companies is no secret and when his SpaceX company went to market last week her ARK funds had a big selloff, including some of its Tesla position.

SpaceX (SPCX) Is Up 14.9% After Record IPO And $60 Billion Cursor AI Deal - What's Changed
Simply Wall St.99d agoneutral
SpaceX (SPCX) Is Up 14.9% After Record IPO And $60 Billion Cursor AI Deal - What's Changed

In mid-June 2026, Space Exploration Technologies Corp. completed the largest IPO in history, raising roughly US$75–86 billion and rapidly secured inclusion in major Nasdaq indexes while agreeing to acquire AI coding platform Cursor in an all-stock deal valued at US$60 billion. These moves accelerate SpaceX’s shift from pure launch and satellite operations toward AI infrastructure and enterprise software, with Google and Anthropic signing multiyear GPU and data-center contracts worth tens of...

How the Rich Spread the Risk
Barrons.com99d agoneutral
How the Rich Spread the Risk

More rich Americans are seeking residency and citizenship programs abroad than any other nationality, says Basil Mohr-Elzeki, head of private clients Americas at London migration specialist Henley & Partners. Demand from U.S. clients nearly doubled last year. Henley notes in a report that nearly half its U.S. clients are pursuing European programs—led by Portugal and Italy—while others are split between Latin America and the Caribbean, which offer quicker paths.

Bloomberg99d agoneutral
Stocks Slide as Focus Shifts to Iran Deal Hurdles: Markets Wrap

(Bloomberg) -- Global stocks are ending a strong week on a cautious note as relief over an interim peace deal between the US and Iran gave way to a focus on the significant hurdles that remain to secure a lasting agreement.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealUS and Iran Delay Nuclear Talks as Lebanon Clashes WorsenUS Tells ASML It’s

Tim Draper Says Elon Musk Made The World See SpaceX Differently Just Like He Did With Tesla And PayPal: 'Opened Our Minds…'
Benzinga99d agoneutral
Tim Draper Says Elon Musk Made The World See SpaceX Differently Just Like He Did With Tesla And PayPal: 'Opened Our Minds…'

Venture capitalist Tim Draper praised SpaceX’s (NASDAQ:SPCX) record initial public offering as a defining moment for Elon Musk and private innovation, saying the listing showed how founders can force industries to imagine a different future. Draper Says Musk Revived Transportation And Space "My take on @SpaceX going public: $75 billion raised. Largest IPO in history. Stock up 19% on day one," Draper wrote on X, referring to Space Exploration Technologies Corp. He said Musk "brought new life to t

Jim Cramer sends a stern message to SpaceX buyers
TheStreet99d agobullish
Jim Cramer sends a stern message to SpaceX buyers

Every generational stock reaches a moment where its biggest fans start watching the tape with one eye closed. The story is still good. The buying is still frantic. And somewhere in the back of the room, a few people who own the dream begin asking how much of tomorrow has already been priced into ...

Nobel-winning economist has stark Bitcoin warning for SpaceX bulls
TheStreet99d agoneutral
Nobel-winning economist has stark Bitcoin warning for SpaceX bulls

When Elon Musk's spaceflight and artificial intelligence (AI) company SpaceX made its public debut on June 12, the first thing that caught the attention of the crypto community was the firm's large Bitcoin (BTC) holdings. With 18,712 Bitcoin on its balance sheet as of March 31, ...