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Elon Musk's SpaceX has filed for an initial public offering (IPO) that could make the billionaire the world's first trillionaire, with the largest IPO in Wall Street history set to launch next month under the ticker symbol SPCX. The company, which values itself at $1.25 trillion, encompasses its rocket business, satellite internet service Starlink, and AI firm xAI.
SpaceX has filed its long-awaited IPO prospectus, revealing that while revenue grew 33% to $18.7 billion in 2025, net losses ballooned to $4.27 billion in Q1 2026, accumulating a $41.3 billion deficit.
Jeff Bezos defended billionaires and his own wealth in a CNBC interview, backing tax relief for lower earners while praising artificial intelligence and describing President Trump as more mature and disciplined than during his first term.
SpaceX has revealed plans to go public on the US stock market with an IPO that could be the largest in Wall Street history, potentially making billionaire Elon Musk a trillionaire due to his majority stake in the company valued at $1.25 trillion.
SpaceX has unveiled its IPO filing with a potential valuation of $1.75 trillion, which could make Elon Musk the world's first trillionaire and position the company as one of the most valuable publicly traded companies globally.
Nvidia delivered strong Q1 earnings results and announced a significant dividend increase and $80 billion stock buyback, but its forward guidance of $91 billion disappointed investors who were expecting higher projections amid growing competition in the AI chip market.
SpaceX's IPO filing reveals that Anthropic has agreed to pay $1.25 billion per month through May 2029 for access to computing infrastructure at SpaceX's Colossus data centers, underscoring the critical importance of GPU access in the AI race.
SpaceX has officially filed its S-1 prospectus with the SEC for what could be the largest initial public offering in history, with the company generating $18.67 billion in revenue in 2025 largely from its Starlink satellite internet service.
Neurodivergent workers face significant challenges in conventional workplace environments that aren't designed to accommodate their needs, making them feel out of place like a polar bear in a desert.
SpaceX has filed publicly for its initial public offering on Nasdaq under the ticker symbol SPCX, marking a major milestone for Elon Musk's space and satellite company as it moves closer to becoming a publicly traded company.
Immigration experts warn companies must develop contingency plans as Trump administration visa restrictions risk stranding foreign-born workers overseas, with 80% of firms having immigrants in top leadership roles.
The UK has struck a trade deal with six Gulf states worth £3.7bn to the economy, removing an estimated £580m annually in tariffs from British exports. However, rights groups have criticised the lack of detail on human rights and labour protections in the agreement.
James Murdoch has agreed to acquire New York Magazine and the Vox Media Podcast Network through his company Lupa Systems in a deal valued at over $300 million, significantly expanding his media portfolio and influence over news and entertainment.
Jeff Bezos defended billionaires and criticized tax vilification while backing lower-income tax relief, expressing optimism about AI's economic benefits, and praising Donald Trump as more mature in his second term.
Nvidia's earnings beat is nearly guaranteed, but investors will focus on gross margin—the percentage of revenue the chipmaker keeps after manufacturing costs. A print below 74.5% would be the most bearish signal despite strong headline revenue numbers.
Iran's stock market has reopened after a nearly three-month closure due to the US-Israel war, with a controlled restart that excludes severely damaged sectors like energy and steel to prevent further market disruption.
Drug industry executives and an academic expert discussed how the ouster of key FDA officials is creating anxiety and uncertainty for rare disease drug developers, with one CEO describing investor concerns as "a roller coaster."
U.S. crude oil prices fell below $100 per barrel on Wednesday after President Trump announced that negotiations with Iran are in their final stages, with WTI futures dropping nearly 6% to $98.05 and Brent crude also declining 6% to $104.92.
OpenAI is working with Goldman Sachs and Morgan Stanley on a confidential IPO filing expected as early as this week, with plans to go public as early as September, according to Wall Street Journal sources.
Pharmaceutical companies are increasing intellectual property protections in response to rising competition from China's expanding drug pipeline, according to biotech industry reporting from STAT's Breakthrough Summit West.