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Bloomberg70d agoneutral
SpaceX IPO Is Said to Be Well Oversubscribed, Orders Close Wednesday

(Bloomberg) -- SpaceX’s initial public offering is well oversubscribed, according to people familiar with the matter, as demand builds for a potentially record-setting debut.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalLA Mayor Race Flips as Socialist Beats Reality TV Star PrattWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack, Imper

Apple's Revamped AI Smashes Against Down Market
Bloomberg70d agoneutralVIDEO
Apple's Revamped AI Smashes Against Down Market

Expectations are running high for Apple's Worldwide Developers Conference, where the company is expected later Monday to unveil the biggest overhaul of Siri in years, including a chatbot-style interface and deeper integration across the iPhone, iPad and Mac. Bloomberg Tech co-Host Ed Ludlow discusses his expectations for the conference and how developments in Siri could impact the rest of the AI space. He also addresses investor expectations for the upcoming SpaceX IPO.

Tesla Stock Rises Ahead of SpaceX’s Friday IPO
Barrons.com70d agoneutral
Tesla Stock Rises Ahead of SpaceX’s Friday IPO

Shares of the electric-vehicle maker were up 1.4% at $396.65 in premarket trading, while futures were up 0.4% and futures were down 0.1%. Investors are waiting to see if some investors will sell Tesla stock to buy SpaceX shares. Technical factors like that can create short-term price distortions.

Investing.com72d agoneutral
Yardeni weighs SpaceX IPO viability as trillion-dollar listings loom

Investing.com -- The initial public offering market is bracing for a historic influx of capital, led by Elon Musk's private space enterprise. Space Exploration Technologies Corp (NASDAQ:SPCX) is set to go public on June 12 to raise up to $80 billion at a $1.8 trillion valuation, followed by multi-trillion-dollar debuts from Anthropic and OpenAI. According to a recent research report from Yardeni Research, fears are mounting that this "AI-3" trio will suck the oxygen out of the rest of the equity

What Elon Musk Told Jamie Dimon on SpaceX’s Roadshow
The Wall Street Journal73d agoneutral
What Elon Musk Told Jamie Dimon on SpaceX’s Roadshow

SpaceX launched its IPO roadshow this week, making its pitch to Wall Street with recorded executive interviews, a flashy website, and a marketing campaign focused on its potential to dominate the commercial space market. Among the stops on the tour was a live-streamed interview with founder and CEO Elon Musk, and JPMorgan Chase CEO Jamie Dimon. Dimon sat on stage on the 51st floor of JPMorgan’s Manhattan headquarters in front of a live audience.

Investing.com73d agoneutral
S&P DJI holds firm on index rules despite megacap IPO anticipation

Investing.com -- S&P Dow Jones Indices has concluded its market consultation regarding potential methodology adjustments for megacap companies across its major U.S. benchmarks. Following an extensive review of feedback from market participants, the index provider announced that its existing criteria will remain fully intact for its main equity suites, despite a historic wave of highly anticipated IPOs for private giants valued in the multi-hundred-billion to trillion-dollar range. The decision e