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See How SpaceX Is About to Eclipse Every Other Blockbuster IPO
The Wall Street Journal89d agoneutral
See How SpaceX Is About to Eclipse Every Other Blockbuster IPO

SpaceX already defies the law of gravity. The rocket maker is looking to raise as much as $80 billion or more in its initial public offering, making it the biggest ever in terms of funds raised. If its market value at offering reaches $1.71 trillion, that would top the previous record for valuation of a newly public company, set in 2019 by the Saudi Arabian Oil Co., known as Aramco.

Big Questions We’ll Be Looking to Answer in SpaceX’s IPO Filing
The Wall Street Journal89d agoneutral
Big Questions We’ll Be Looking to Answer in SpaceX’s IPO Filing

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?

Netflix Refocuses On Ads And AI As Acquisition Talk Cools
Simply Wall St.89d agoneutral
Netflix Refocuses On Ads And AI As Acquisition Talk Cools

Netflix (NasdaqGS:NFLX) is shifting focus away from a potential acquisition of Warner Bros. Discovery and toward expanding its advertising, AI-driven content, and consumer products initiatives. The company is putting more emphasis on its global ad-supported tier, AI capabilities including the acquisition of Ben Affleck's InterPositive, and new consumer product categories. Netflix, with a recent share price of $89.33, is leaning into its existing scale and technology stack rather than...

Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says
Reuters90d agoneutral
Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says

May 19 () - Goldman Sachs is expected to secure the much-coveted lead left position in Elon Musk's rocket and satellite maker SpaceX's ‌initial public offering, a source familiar with the matter told ‌on Tuesday. The position refers to the bank that holds the most senior and prominent role ​among all the underwriters of an IPO deal.

Exclusive: Goldman to Take Lead-Left Banking Position on SpaceX IPO
The Wall Street Journal90d agoneutral
Exclusive: Goldman to Take Lead-Left Banking Position on SpaceX IPO

Goldman Sachs is expected to be named lead banker on SpaceX's initial public offering, according to people familiar with the matter. Morgan Stanley is also a lead banker, though Goldman is expected to take the coveted lead-left position on the IPO prospectus, expected to be made public as early as Wednesday. The role is surprising given Elon Musk’s close ties to Morgan Stanley.

What the Musk–Altman legal battle means for OpenAI, SpaceX IPOs
Yahoo Finance Video90d agoneutralVIDEO
What the Musk–Altman legal battle means for OpenAI, SpaceX IPOs

OpenAI's (OPAI.PVT) Sam Altman was not found liable for Tesla (TSLA) CEO Elon Musk's claims, due to clear-cut statute-of-limitations issues. Yahoo Finance's Julie Hyman and Jake Conley discuss the impacts on OpenAI's and SpaceX's (SPAX.PVT) upcoming initial public offerings (IPOs).

SpaceX’s IPO to Mint Millionaires in Poor Texas Border Town
Bloomberg90d agoneutral
SpaceX’s IPO to Mint Millionaires in Poor Texas Border Town

(Bloomberg) -- A 45-minute drive down a narrow highway separates one of America’s poorest border cities from the heart of Elon Musk’s SpaceX empire.Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksTrump Says Holding Off on New Iran Strikes After Gulf AppealElon Musk Loses Case Against Sam Altman Over OpenAI’s OverhaulStocks and Oil Whipsaw on Mixed US-Iran Signals: Markets WrapA lot has changed in Brownsv

Anthropic Sends Jolt Through Market for Buying Shares in Hot Pre-IPO Startups
Bloomberg90d agobullish
Anthropic Sends Jolt Through Market for Buying Shares in Hot Pre-IPO Startups

(Bloomberg) -- In the moments after Anthropic expanded a ban on popular ways to buy its shares, investor chatrooms around the world lit up. “Are we screwed?” one person wrote in a WhatsApp chat for family offices with several hundred members. Similar questions reverberated more publicly across X, Reddit and Chinese-language social media, as investors worried whether their shares in the artificial intelligence developer — one of the most coveted private companies — had suddenly become worthless.D

X-Energy Is in a Post-IPO Slump. Why Analysts Say the Nuclear Stock Can Surge.
Barrons.com90d agoneutral
X-Energy Is in a Post-IPO Slump. Why Analysts Say the Nuclear Stock Can Surge.

Nuclear reactor developer X-Energy’s stock has been in a lull since the company’s highly successful initial public offering last month, but investors should focus on the long-term potential rather than day-to-day trading, analysts say. A host of investment banks initiated coverage of X-Energy on Tuesday as the quiet period on firms involved in its IPO lifted. As is often the case with IPO underwriters, most opinions were positive.

The Berkshire Hathaway of AI? Inside the Case for a Tesla-SpaceX Merger
24/7 Wall St.90d agoneutral
The Berkshire Hathaway of AI? Inside the Case for a Tesla-SpaceX Merger

Two of the more credible voices in the Elon Musk orbit are openly speculating that Tesla (NASDAQ: TSLA) and the privately held SpaceX could combine within the next decade. Deepwater Asset Management’s Gene Munster put the odds at over 50% within five to ten years, framing the combined entity as a potential “sovereign AI company” ... The Berkshire Hathaway of AI? Inside the Case for a Tesla-SpaceX Merger

China's top flash-memory chipmaker YMTC begins pre-IPO coaching with investment bank
Reuters90d agoneutral
China's top flash-memory chipmaker YMTC begins pre-IPO coaching with investment bank

China's top flash memory chipmaker YMTC has begun the so-called "tutoring" process ‌for a potential initial public offering, where ‌a company receives formal pre-IPO guidance from an investment bank, ​a regulatory filing showed on Tuesday. Yangtze Memory Technologies Co (YMTC) has hired CITIC Securities, a Chinese state-owned investment bank, to guide its IPO preparation ahead of ‌a potential stock ⁠market listing.