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(Bloomberg) -- The new artificial intelligence enterprise services firm backed by Blackstone Inc., Anthropic PBC and Hellman & Friedman has picked a San Francisco firm called Fractional AI as the operational centerpiece of the as-yet unnamed venture. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI I

Ehrenp ent Tesla SpaceX reviewed his Tesla ties reis Director investor before ​determining he met Nasdaq since and independence standards. February director Expected to ‌chair SpaceX's 2026 Compensation and Nominating Committee post-IPO. Randy Independ Co-found Served as a SpaceX board observer Glein ent er of for more than 16 years before Director DFJ formally joining the board.

(Bloomberg) -- Elon Musk’s legal battle against OpenAI has hung over the ChatGPT maker for more than two years, threatening to unravel its restructuring as a for-profit business and undermine its plans to go public.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Threatens to Retaliate Beyond Middle East If US AttacksHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersUS Treasuries Re

How does SpaceX make its money? SpaceX makes its money from subscriptions to its Starlink satellite internet service, rocket launches to put satellites and astronauts in space, as well as national security contracts to build and launch satellites. Who are SpaceX’s largest investors?

These megacap tech companies are poised to register meaningful gains from the successes of SpaceX.

The AI chipmaker's stock surged on its open day of trading last week, and it's still well above its IPO price.

(Bloomberg) -- For years, there was only one way for mom-and-pop investors to buy into Elon Musk’s vision: shares of Tesla Inc. That’s about to change — and it’s a serious risk for Tesla investors. Most Read from BloombergStocks Fall, Oil Rises as Hormuz Deal Hopes Fade: Markets WrapBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil SanctionsUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpWinners and Losers From Trump and

NextEra Energy has agreed to acquire Dominion Energy in a $66.8 billion all-stock deal, creating the world's largest regulated electric utility with over $400 billion in enterprise value.

There's a lot of enthusiasm about this Nvidia competitor. What exactly is drawing investors?

Elon Musk‘s rocket company, SpaceX and Alphabet Inc are reportedly negotiating a launch deal to put data centers into orbit. The speculative technology would bypass Earth’s massive power grid constraints just as SpaceX gears up for what may become the...

Cerebras’ IPO comes at a dramatic time, with chip stocks surging and many at or near all-time highs.

While investors wait for the massive IPO, these stocks are worth a closer look.

Cerebras’s IPO comes at a dramatic time, with chip stocks surging and many at or near all-time highs.

Fervo Energy (FRVO) is making its Nasdaq debut on May 13, following its IPO that raised $1.89 billion. The company aims to deliver carbon-free power by accessing geothermal energy, utilizing drilling techniques from the oil and gas industries. Fervo Energy co-founder and CEO Tim Latimer speaks with Julie Hyman about the provider's geothermal projects and partnership with Google (GOOG, (GOOGL).

Cerebras' IPO is expected to happen on Thursday, May 14.

(Bloomberg) -- Fervo Energy Co., a geothermal energy developer, is seeking to raise as much as $1.82 billion in a US initial public offering, raising its target from $1.33 billion.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Inside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyModi Asks Indians to Stop Buying Gold, Hitting Jewelry StocksDrone Hits Ship Near Qatar as US Awaits Iran Peace

By Aditya Kalra and Vibhuti Sharma MUMBAI, May 11 (Reuters) - Mukesh Ambani's Reliance Jio Platforms has pivoted to a pure fundraising for its planned Mumbai listing, selling a 2.5% stake in the

Veteran investor Cathie Wood is enthusiastic about tech tycoon Elon Musk's SpaceX making Wall Street debut, and is extremely bullish about its demand. In a Bloomberg podcast published on May 6, she said seeds planted two decades ago are now flourishing. A lot of technologies at Musk's companies are ...

Elon Musk is dissolving his artificial-intelligence company, xAI. Now, SpaceX is the entity that will vie for AI supremacy with OpenAI, Anthropic, and Alphabet The company is getting its ducks in a row ahead of an IPO that is expected to be the biggest ever, raising as much as $75 billion and valuing the company at up to $2 trillion. Wednesday afternoon, Musk tweeted “xAI will be dissolved as a separate company, so it will just be SpaceXAI, the AI products from SpaceX.”

The proposal was rejected in part because the new entities might still have needed to be consolidated on OpenAI's balance sheet

Microsoft-backed (MSFT) OpenAI Chief Executive Sam Altman discussed spinning off the startup's robot

The S&P 500 (^GSPC) opened the week lower as oil prices spiked on renewed Iran tensions, with index futures slipping 0.1% after conflicting reports about a U.S. warship near the Strait of Hormuz. WTI crude futures jumped 3% to trade above $105 per barrel, and Brent climbed 3% to above $111, pulling capital into energy names. Futures recovered once ... S&P 500 Faces Oil-Fueled Sell-off Pressure in Possible Return to Merger Monday Deal