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Elon Musk said on Sunday that his rocket company, SpaceX, ‌could bring in $1 trillion in revenue ‌by 2030, making the statement two days after the ​company went public, valuing it at over $2 trillion. "And I would be surprised if revenue is not greater than $1T in 2031," he ‌wrote on his ⁠social media platform X, replying to journalist and financial commentator Jon Erlichman. SpaceX ⁠on Friday became the sixth-largest U.S. firm, cementing Musk's status as the world's first ​trillionaire.

Hyderabad-based Electronics Mart India is looking to diversify away from the technology hub as concerns grow that potential AI-triggered ‌job losses could hurt consumer spending, a top executive said. The retailer gets ‌about 60% of its revenue from Hyderabad, which hosts offices of global companies such as JPMorgan Chase ​and Eli Lilly, and Indian IT majors Wipro and Infosys. Around a fifth of its stores in Hyderabad are located in neighbourhoods where the majority of the residents are software employees.

(Bloomberg) -- The London Bullion Market Association is considering moving its morning gold auction to an earlier time to accommodate traders in Asia.Most Read from BloombergIran’s Deputy Foreign Minister Confirms Deal Reached With USIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOIran Pushes Differing Deal Versions as US Sticks to TimelineThe potential shi

June 15 (Reuters) - Schneider Electric said on Monday it had entered a strategic collaboration with Taiwan's Hon Hai Technology Group, known internationally as Foxconn, to develop and scale

(Bloomberg) -- The extraordinary move by the US to bar foreign access to Anthropic PBC’s best AI models underscores the Trump administration’s newfound willingness to exert control over a pivotal industry. It also reminds Silicon Valley that it’s working with an imperfectly understood technology with uncertain impact.Most Read from BloombergIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Rest

(Bloomberg) -- South Korea’s financial watchdog has expanded an inspection of Mirae Asset Securities Co. to examine the brokerage’s failure to secure an allocation of SpaceX shares in the company’s initial public offering, according to people familiar with the matter.Most Read from BloombergIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineIran’s Deputy Foreign Minister Confirms Deal Reached With USUS and Iran Agree to Halt War, Restart Middle East Oil ShipmentsWhy Musk Raced to Take

A recent leak shared by GSMArena could suggest that Samsung (SSNLF) is planning a far greater fight in luxury smartphones. Samsung has been a dominant name in the foldable smartphone segment for years. But that leadership no longer seems quite as safe. Samsung continues to lead the foldable market ...

Tesla bull Brad Ferguson’s valuation includes $957 from Robotaxi and $2,647 from Optimus.

The country offers a different way to play the boom, with relative bargains to be found, but volatile geopolitics are a challenge.

The biggest stock market debut in history is two days old, and the woman who has run SpaceX’s operations for more than two decades wants you to know where to look. SpaceX (SPCX) closed its first session at $160.95 on June 12, a 19% jump from its $135 offer price, according to CNBC. That pushed its ...

Two-ton satellites, laser communications, in-space mobility ships and more draw attention and new funding.

(Bloomberg) -- Donald Trump will head to France for what will likely be contentious discussions with world leaders this week, but first he celebrated his 80th birthday by watching a sport that’s more brutal and bloody than politics. Most Read from BloombergIran Signals No Deal Will Be Signed by Trump’s Sunday TimelineWhy Musk Raced to Take SpaceX Public in the World’s Biggest IPOUS and Iran Agree to Deal Halting War That Shook Middle EastTrump Eyes Sunday Iran Deal But Tehran Says Still Reviewin

Netflix has spent the better part of two decades reshaping how the world watches television. Now, it may be on the verge of something even bigger. The streaming giant is closing in on a monthly audience of one billion viewers, and new industry research suggests that milestone could arrive sooner ...

(This June 13 story has been repeated with no changes to the text) By Munsif Vengattil and Aditya Kalra BENGALURU, June 13 (Reuters) - An Indian pollution regulator has alleged wastewater discharged

The largest IPO in history has collided with hundreds of billions of dollars in AI spending. Are we in a bubble?

Share prices soared Monday in Asia after a deal was announced on ending the Iran war and reopening the Strait of Hormuz. Oil prices fell more than $3 a barrel. U.S. President Donald Trump confirmed the initial agreement and authorized an end to the U.S. naval blockade of Iranian ports.

For two weeks every four years, Americans embrace soccer and may even remember that the rest of the world calls it football. This year, however, football-mania will be running even more wild than during a typical World Cup because the United States is hosting the global event. That's a massive ...

June 15 (Reuters) - Stocks and bonds rallied and the dollar fell in Asia trade on Monday after the U.S. and Iran agreed a peace deal to re-open the Strait of Hormuz and lift a U.S. blockade on Iran.

Bank of America CEO Brian Moynihan is one of few people who really know in real time how Americans are contending with rising inflation and high gas prices.

The Ark Venture Fund was an early investor in the space giant.

AI is now the largest battleground in technology. Over the last two years investors have pumped hundreds of billions of dollars into firms promising to lead the next stage of the AI revolution. At Apple (AAPL), that talk has become more and more about the iPhone. Many experts have said AI might ...

Investing.com -- Agentic shopping is the use of AI agents to carry out parts of the shopping process on behalf of the customer instead of merely providing recommendations. Google’s agentic shopping protocol, for instance, enables agents to work across different parts of the buying processes, including discovery and post-purchase support. But has agentic shopping reached the capacity to directly make shopping decisions on customers’ behalf?

SpaceX paid 0.7% in IPO fees, yet Goldman Sachs and Morgan Stanley each banked $100 million on the deal.

SpaceX’s (SPCX) historic IPO kicked off with a valuation few companies ever touch. Consequently, it also left investors wondering how much upside is left, or whether profit-taking is about to begin. SpaceX's stock, priced at $135, raised $75 billion, opening a brand new chapter for Elon Musk’s ...

For much of its existence, Costco did not focus on shopping experience because its core goal was keeping prices low. The company famously uses warehouses — literally pallets of merchandise on the floor — as its stores to eliminate the cost of moving inventory from the back to the front. Every ...

The Fed’s policymaking arm is widely expected to leave the federal-funds rate unchanged at 3.5% to 3.75%.

Nike stock is confounded by multiple forms of inflation, including high producer prices.

The entrepreneur sold her startup Frank to the bank for $175 million and was sentenced in September to over seven years in prison for fraud.

Investing.com -- Wolfe Research analysts have initiated coverage on SpaceX stock (NASDAQ: SPCX) with a price target of $175, even as the company’s stock began trading on Friday following the world’s largest ever IPO. While the stock already closed 19% higher at nearly $161, Wolfe’s price target is even higher as the firm believes that the company’s breaking of the cost curve supports an “out-of-this-world” near-term valuation.

Rivian (RIVN) is finally moving into the part of the electric vehicle market that could determine its future. The electric vehicle business is delivering its new R2 SUV, a more compact, affordable car that many investors view as Rivian’s greatest hope for breaking out of its niche as a builder of ...