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SpaceX’s initial public offering is poised to yield historic returns for its investors, marking one of the largest financial windfalls in technology history. The biggest winners, according to the company’s IPO filing, are SpaceX board members, Antonio Gracias, who founded Valor Equity Partners, and PayPal co-founder Luke Nosek.
May 20 (Reuters) - Elon Musk's SpaceX filed for its hotly anticipated U.S. initial public offering on Wednesday, taking space exploration from a speculative venture to a mainstream investment theme.
The digital payments company agreed Tuesday to a settlement with the Department of Justice over a 2020 diversity investment fund.
PayPal agreed to forgo approximately $30 million in transaction fees to end a Justice Department probe into allegations that the financial services company had adopted unlawful preferences for minority-owned businesses. Justice Department officials had been investigating whether the company violated a federal civil rights law that prohibits creditors from discriminating against applicants based on race. The department’s probe targeted PayPal’s $530 million plan to support Black and minority-owned businesses, which the company created in 2020, shortly after the killing of George Floyd by a police officer prompted a nationwide conversation about racial inequality.
Commerce.com executives highlighted accelerating gross merchandise volume growth, expanding profitability, and new product launches focused on “agentic commerce” during the company’s first-quarter 2026 earnings call. Management also addressed a recent unsolicited proposal and outlined upcoming prici
PayPal gave investors a first-quarter report with plenty of growth on the surface, but the stock reaction showed that the market was looking deeper than revenue and payment volume. Shares of PayPal Holdings closed at $46.49 on May 5, down $3.90, or 7.74%, according to Yahoo Finance data. The stock ...
Company bosses are splitting into two camps over what the technology’s best, immediate benefits are. Neither calls for more hiring anytime soon.
Find insight on Shopify, PayPal, Coinbase and more in the latest Market Talks covering technology, media and telecom..
PayPal (NASDAQ:PYPL) executives used the company’s first-quarter 2026 earnings call to outline a broad transformation agenda that includes reorganizing around three core businesses, accelerating technology modernization, and launching a multi-year cost savings program, while reiterating full-year gu
The payments company said payment volume increased, but net income decreased compared to 2025.
Moby summary of PayPal Holdings, Inc.'s Q1 2026 earnings call
Enrique Lores: Thank you, Steve, and thank you to everybody for joining us this morning. During my time on the Board, I developed a good understanding of PayPal's strengths, opportunities and areas for improvement.
PayPal will accelerate its adoption of artificial intelligence to cut costs after reporting lower profit in the first quarter.
Earnings season revs up the next few days as investors will hear from big companies including Advanced Micro Devices, CoreWeave, Pfizer and McDonald's. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.
PYPL heads into Q1 results with modest revenue growth expected and EPS decline forecast, as competition and FX pressures weigh.
Digital payments platform PayPal (NASDAQ:PYPL) will be reporting earnings this Tuesday before the bell. Here’s what to look for.
Investors won’t get too much of a respite from a big week trading the AI boom, with Palantir, Advanced Micro Devices, and CoreWeave reporting earnings. A bevy of data about the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.
ON Semiconductor, Pfizer, Uber, McDonald’s, and many more will report earnings this week. Economic releases will include the April jobs report and purchasing managers index.
David Marcus worked as the president at fintech giant PayPal (Nasdaq: PYPL) in the early 2010s before moving to Facebook as the vice president of messaging products in 2014. During his tenure at Facebook, he was the co-creator of Diem, a failed cryptocurrency project initiated by the ...
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