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SpaceX acquires Anthropic and OpenAI rival in $60B deal
TheStreet61d agoneutral
SpaceX acquires Anthropic and OpenAI rival in $60B deal

Elon Musk just made his biggest bet yet on artificial intelligence. Days after SpaceX's record-breaking stock market debut, the company confirmed it would acquire Anysphere, the San Francisco-based startup behind the popular AI coding tool Cursor, in a deal valued at $60 billion. The move puts ...

Analysis-SPACs are back, thanks to Wall Street's mega-IPO frenzy
Reuters61d agoneutral
Analysis-SPACs are back, thanks to Wall Street's mega-IPO frenzy

SPACs are making a comeback. A flood of expected blockbuster IPOs this year is creating an opening for SPACs as smaller companies seek to capitalize on a favorable market without having to compete for investor attention against the likes of SpaceX, Anthropic and OpenAI. That is giving blank-check companies renewed footing after years of upheaval, with ‌a more mature SPAC market emerging at a time when mega-IPOs are expected to command an outsized share of investor capital and attention, analysts, market experts and industry insiders told Reuters.

SoFi (SOFI) Opened SpaceX IPO Access To Retail Investors Through Its Platform
Simply Wall St.61d agoneutral
SoFi (SOFI) Opened SpaceX IPO Access To Retail Investors Through Its Platform

SoFi Technologies (NasdaqGS:SOFI) was one of five brokerages giving retail investors access to the SpaceX IPO. This access opened participation in a high-profile listing that is typically limited to institutional investors. The move highlights a broader push to make IPO allocations available to everyday investors on SoFi’s platform. SoFi Technologies positions itself as a full-service financial platform, offering banking, lending, and investing services in a single app. By opening a path...

Bloomberg61d agoneutral
Billions in SpaceX Trades Jolt ETFs Including Cathie Wood’s ARKK

(Bloomberg) -- A series of unusual multibillion-dollar flows has rippled through the exchange-traded fund market in the past week, suggesting some major investors used a contentious method to get exposure to the initial public offering of SpaceX. At least one fund manager placed temporary restrictions on its product in a bid to curb the practice.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingIran’s Deputy

Jim Cramer Remembers How He Was Criticized After Tesla, Inc. (TSLA)’s IPO
Insider Monkey61d agoneutral
Jim Cramer Remembers How He Was Criticized After Tesla, Inc. (TSLA)’s IPO

We recently published Jim Cramer Called SpaceX A Meme Stock & Discussed These 7 Stocks. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks discussed by Jim Cramer. Where there was SpaceX, there was Tesla, Inc. (NASDAQ:TSLA), as in this appearance, Cramer recalled the reactions he dealt with at the time of the car company’s IPO. […]