Tag: business news
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A Google AI project delay may have hurt chip stocks. But data center buildout remains on track
Computing infrastructure company Crusoe is no longer involved in a data center project being built in Wyoming.
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Elon Musk becomes world’s first trillionaire as SpaceX begins trading on the Nasdaq
Elon Musk’s stake in SpaceX is worth more than $766 billion. Combined with his Tesla holdings, Musk’s net worth as of Friday is roughly $1.05 trillion.
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SpaceX market cap tops $2 trillion after shares of Elon Musk’s rocket company gain 21% on debut
SpaceX shares soared on Friday as trading commenced on the Nasdaq.
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Judge blocks DOJ ‘anti-weaponization’ fund for longer, wants guarantee it’s dead
A judge gave Acting Attorney General Todd Blanche and Treasury Secretary Scott Bessent a week to submit a sworn declaration the DOJ fund was not going forward.
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New SpaceX millionaires are reinventing the business of managing large wealth
Wealth advisors say SpaceXers have unique ways of addressing their financial challenges, including whiteboarding, troubleshooting and AI.
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SpaceX’s ‘out-of-this-world’ valuation supported by its rocket launch ‘moat,’ says Wolfe Research
SpaceX is widely recognized to have a near-monopoly for its launch business
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This defense stock looks attractive after a sell-off, says JPMorgan
The bank thinks Kratos, with an improving balance sheet and high growth, is likely to see a turnaround after its stock got cut in half since January.
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Adobe is getting hit on CFO departure. Three analysts are downgrading the stock
Stifel and Evercore ISI didn’t like some details of Adobe’s earnings report, and are worried more uncertainty is ahead for the company.
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Former Tesla board member says SpaceX needs to achieve 2 of its 3 moonshots to keep its valuation
SpaceX has achieved its goal of becoming the largest IPO on record.
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