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Elon Musk’s companies are helping each other out—including with their corporate jets. SpaceX “obtained goods and services” of $144 million from Tesla last year, according to the filing, while Musk’s xAI paid Tesla about $731 million since the beginning of 2024.
Companies often inflate such numbers, referred to as their “total addressable market,” to show investors that they have a lot more room to grow. “We believe we have identified the largest actionable TAM in human history,” SpaceX’s filing crowed. Now, throw in the $10 trillion revenue opportunity SpaceX and Tesla chief Elon Musk put forth for Tesla’s humanoid robot in January.
Nvidia says it is getting into the $200 billion CPU market.
Elon Musk could pass an unthinkable wealth threshold, becoming the world’s first trillionaire, depending on investors’ excitement for SpaceX shares when it goes public. If the company surpasses a valuation of about $1.7 trillion, then Musk’s slightly more than 40% stake, combined with his Tesla shares, would make him the first man with a net worth eclipsing 13 figures. The calculation omits restricted shares that SpaceX has granted to Musk, but which haven’t been earned, though it includes options he could exercise shortly.
e.l.f. Beauty (NYSE:ELF) reported what executives described as a seventh consecutive year of “industry-leading” results, with fiscal 2026 net sales up 25% and adjusted EBITDA up 13%, while also signaling a more cautious near-term outlook for its core e.l.f. brand. Chairman and Chief Executive Offic
Intuit (NASDAQ:INTU) reported fiscal third-quarter revenue growth of 10% and raised its full-year outlook, while management outlined plans to reduce the company’s full-time workforce by 17% and adjust its approach to lower-income, price-sensitive tax filers. Chairman and CEO Sasan Goodarzi said the
Musk took home $54,000 in pay last year for his role at SpaceX, but most of his compensation is made up of two massive equity packages, one of which depends on a human colony on Mars. In January, SpaceX gave Musk a package worth one billion class B shares which vest if the company establishes “a permanent human colony on Mars with at least one million inhabitants.” In March, the board granted Musk another 302.1 million shares which vest if the company competes “non-Earth-based data centers,” as well as 12 market capitalization goals that grow the value of the company to $6.6 trillion.
Nvidia stock fell late despite strong earnings. Elon Musk's SpaceX released its filing for a mammoth IP. Stocks rallied Wednesday as oil prices dived on Iran hopes.
Meta began laying off roughly 8,000 employees Wednesday -- about 10 percent of its global workforce -- as co-founder and Chief Executive Mark Zuckerberg pushes to redirect resources toward an ambitious artificial intelligence agenda.In a memo to staff Wednesday, posted by Business Insider, Zuckerberg expressed thanks to departing employees and sought to reassure those remaining.
Elon Musk's rocket and satellite maker SpaceX filed on Wednesday for its widely awaited initial public offering, which stands to raise the most ever in an initial offering. "It's a little scary to come in and say, 'Yeah, let's go invest in a $2 trillion company," hoping that they'll reach the stars.
Nvidia (NVDA) delivered earnings and revenue surprises of +5.78% and +3.63%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
A big driver for SpaceX is Starlink, which provides internet connections via about 10,000 satellites in low-Earth orbit. Starlink had about 10 million subscribers at the end of March, double compared with the same period a year before, according to the filing. The SpaceX unit that includes Starlink broadband service generated more than $11 billion in revenue for 2025 out of the company’s total sales of about $18.7 billion.
Nvidia (NVDA) released its first quarter results on Wednesday, outpacing adjusted earnings ($1.87 per share vs. Bloomberg estimates of $1.77) and revenue forecasts ($81.62 billion vs. estimates of $79.18 billion).Yahoo Finance Tech Editor Dan Howley shares his biggest takeaways from the print with Yahoo Finance's Brooke DiPalma.
After a string of weak results, the retailer said more shoppers are gravitating to its refreshed products and stores.
Scion Group CEO Rob Bronstein said that his team is targeting real estate around universities that represent a 'strong return on investment' in terms of tuition, as his company announces a deal with Ares Management to but $910M in student housing properties. Bronstein, joined by Bloomberg's Norah Mulinda, said that his investment is aimed at providing a wide net of locations and price points in the student housing market.
By Sahil Pandey May 20 (Reuters) - West Pharmaceutical Services said on Wednesday it has restored operations across its sites after a cybersecurity attack earlier this month and expects the incident
SpaceX, which is expected to target a valuation of more than $1.5 trillion at IPO, has a financial picture that is notably worse than any other mega-cap U.S. company. Meta, valued in the same range SpaceX is targeting, had sales 11 times that last year and profits of $60 billion. SpaceX, if ultimately valued at $1.5 trillion, would be valued at 80 times sales.
Intuit (INTU) delivered earnings and revenue surprises of +2.59% and +0.45%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
e.l.f. Beauty (ELF) delivered earnings and revenue surprises of +10.00% and +5.51%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
The maker of TurboTax and QuickBooks will lay off nearly a fifth of its workforce as it makes artificial intelligence a centerpiece of its business.
The S-1 IPO registration statement for Elon Musk’s rocket company SpaceX arrived late Wednesday afternoon. Investors can download it here. The IPO is expected to raise a record amount of money, valuing Elon Musk’s company at roughly $2 trillion—enough to turn the world’s richest person into a trillionaire.
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.
Goldman Sachs took the coveted lead left position for banks on the SpaceX filing, but Morgan Stanley is named as the stabilization agent for the offering, another desirable role. That means it is in charge of overseeing the deal’s early share trading.
A UPS plane crash that killed 15 people last year might have been prevented if an original inspection schedule hadn't been relaxed, but mechanics didn't get a close look at the parts that should have kept an engine from flying off its wing because federal regulators allowed Boeing to recommend checking them less frequently, according to testimony Wednesday. The National Transportation Safety Board's questions also drew out that Boeing relied on older data when it asked to extend the inspection schedule in 2015, and didn't seem to account for seven instances on other planes of the same model when the key engine mount parts were failing. The Federal Aviation Administration, for its part, approved the request after a month's review without seeking more information.
Arm stock pushes higher as Bernstein initiates coverage with an “outperform” rating. Here’s why analyst David Dai sees ARM shares ripping higher from here as the year unfolds.
(Bloomberg) -- Nvidia Corp., the world’s most valuable company, delivered a sales forecast that drew a lukewarm reaction from investors, even as revenue from data center operators continued to surge. 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 Rebound on Optimi
Analog Devices Inc (ADI) reports robust financial performance with significant revenue growth and strategic moves in the AI and power technology sectors.
Nvidia (NVDA) exceeded Wall Street's estimates for the AI chipmaker's first quarter, reporting adjusted earnings of $1.87 per share and $81.62 billion in revenue. The company also outpaced forecasts on its second quarter outlook. A panel consisting of CFRA Research senior vice president Angelo Zino, Spear Invest founder and CIO Ivana Delevska, and TECHnalysis Research president Bob O'Donnell comes on Asking for a Trend to discuss Nvidia's earnings results and guidance.
Lowe's Companies Inc (LOW) reports robust online growth and strategic investments, while navigating DIY market pressures and macroeconomic uncertainties.
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