SpaceX Stock Crashes: The Cursor Deal and Bond Offering Triggered the Drop
SpaceX stock dropped sharply this week, shedding roughly $620 billion in market value over two sessions as the post-IPO rally finally broke. SPCX fell 8.3% combined on June 17 and June 18, closing at ...
20 Jun 23min
SpaceX and Tesla merger may happen this year
A SpaceX-Tesla merger may happen as soon as this year, according to comments from SpaceX President and COO Gwynne Shotwell during the company's June 12 IPO day. Speaking to CNBC as SpaceX began tradin...
19 Jun 15min
How SpaceX's IPO Bailed Out Elon Musk's Twitter Investors
SpaceX's $1.75 trillion IPO wasn't just a liquidity event for Elon Musk. It was the final step in a four-year bailout of the investors who backed his $44 billion Twitter acquisition. The SpaceX IPO cl...
18 Jun 23min
SpaceX Buys Cursor for $60 Billion (Up From $29B in April)
SpaceX is buying Cursor. The $60 billion all-stock acquisition of Anysphere, announced June 16, gives Elon Musk control of the most popular AI code editor on the market, just days after SpaceX's $2 tr...
17 Jun 30min
Nvidia Didn't Need the Money. It Borrowed $25 Billion Anyway
Nvidia just raised $25 billion in its first bond sale since 2021. The catch is that Nvidia didn't need the money. The company generated $50 billion in operating cash last quarter, holds $13 billion on...
17 Jun 19min
The Google engine inside Apple's new Siri
Apple has introduced a comprehensive Siri overhaul and a new Apple Intelligence platform as part of iOS 27, marking a shift toward a more conversational and context-aware assistant. To achieve this, t...
16 Jun 16min
US government shuts down Anthropic models
The U.S. government recently issued an unprecedented export ban on Anthropic’s newest artificial intelligence models, Fable 5 and Mythos 5, forcing the company to abruptly terminate access for all cus...
16 Jun 16min
The anti-Elon model worth a billion dollars
The founder of Rivian, who is building a multi-company ecosystem centered on electrification and artificial intelligence. Central to this expansion are two major spin-outs: Mind Robotics, which develo...
15 Jun 28min
