SpaceX is officially set for the largest IPO on record. Elon Musk’s reusable rocket company is raising $75 billion, selling 555.6 million shares for $135 a piece, according to a filing with the Securities and Exchange Commission. The deal values SpaceX at $1.77 trillion, making it the seventh most-valuable U.S. company, ahead of Tesla, Musk’s…
SpaceX’s (SPCX) stock will start trading on Friday following the biggest IPO in history. The rocket and satellite company priced its IPO Thursday night at $135 a share ahead of today’s debut on the Nasdaq (^IXIC), trading under the ticker SPCX. SpaceX offered 555.6 million shares to hit a record $75 billion raised. Underwriters are…
Adobe raised its annual revenue forecast on Thursday, signaling increased adoption of its AI tools and higher subscription spending as the Photoshop maker looks to get ahead in the highly competitive software design industry. Source link
HANGZHOU, CHINA – JUNE 02: General Secretary of the Lao People’s Revolutionary Party Central Committee and Lao President Thongloun Sisoulith watches DR02 humanoid robot performance at Deep Robotics on June 2, 2026 in Hangzhou, Zhejiang Province of China. Wang Gang | China News Service | Getty Images The rush of capital into China’s tech start-up…
SlateStone Wealth chief market strategist Kenny Polcari discusses whether investors are too dependent on AI, Space X’s IPO and his outlook for the markets on ‘Varney & Co.’ An American favorite pizza chain is quietly disappearing from communities across the country. Papa Johns is following through on its plan to close about 300 North American…
Adobe Inc. said that its chief financial officer would depart the company, leaving the company without a top tier of veteran leadership after Chief Executive Officer Shantanu Narayen announced in March that he would step aside. Source link
SpaceX’s (SPCX) priced its IPO Thursday night at $135 a share ahead of the stock’s debut on the Nasdaq (^IXIC) on Friday, June 12. Though it was expected that SpaceX would keep its $135 offer, it involved a process that Wall Street and investors were not used to. In a conventional IPO (which technically is…
Whitlock’s lawyer, Nicholas Saady, said his client was a guest of the Richard Mille brand at the event and was seated in the Paddock Club area designated for VIPs. The watch, which cost about $440,000 at retail, was stolen as Whitlock exited the venue on the afternoon of October 19, 2025. According to the petition…
Mark Zuckerberg, co-founder and chief executive of Meta, the company that owns Instagram, Facebook, and WhatsApp, has a similar holding of different classes of shares in his firm. Yet, his voting control is around 60% of the company, significantly less than Musk’s control of SpaceX. Source link
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