SpaceX Slides 23% in Two Days but Remains Above IPO Price
SpaceX shares have fallen 23% from their recent peak but continue to trade above their IPO price.
Briefs
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Oil Falls to 3.5-Month Low as U.S. – Iran Peace Hopes Erase War Premium
Oil prices fell below $74 per barrel, reaching a 3.5-month low as hopes for a U.S.-Iran agreement continue to ease supply concerns.
SpaceX Slides 12% as Post-IPO Rally Loses Momentum
SpaceX shares fell about 12% as investors took profits following the stock’s powerful post-IPO surge.
Los Angeles Emerges as Global Space Capital as Space Boom Creates Thousands of Millionaires
By
Emma Clarke
• 2 mins read
By
Emma Clarke
• 2 mins read
Los Angeles added 11,000 space industry jobs and thousands of new millionaires as the region strengthens its position as the world’s leading aerospace hub.
FTX’s $200,000 Cursor Sale Would Be Worth Over $3 Billion Today
By
Emma Clarke
• 2 mins read
By
Emma Clarke
• 2 mins read
FTX sold its 5% stake in Cursor for $200,000 during bankruptcy proceedings. Today, that stake would be worth more than $3 billion.
Oil Drops Below $76 as Prospects of U.S.-Iran Deal Ease Supply Concerns
By
Nathan Cole
• 2 mins read
By
Nathan Cole
• 2 mins read
Oil prices fell more than 7% below $76 per barrel as traders reacted to reports of a potential U.S.-Iran agreement.
SpaceX Surpasses Microsoft, Acquires Cursor Maker in $60 Billion Deal
By
Emma Clarke
• 1 min read
By
Emma Clarke
• 1 min read
SpaceX surpassed Microsoft in market value and agreed to acquire AI coding startup Anysphere in a $60 billion stock deal.
Amazon and Coinbase Launch Payments Network for AI Agents
By
Emma Clarke
• 1 min read
By
Emma Clarke
• 1 min read
AWS and Coinbase launched infrastructure that allows AI agents to automatically pay for content, APIs, and online services.
Tripadvisor to Sell TheFork to American Express for $700 Million
By
Emma Clarke
• 2 mins read
By
Emma Clarke
• 2 mins read
Tripadvisor agreed to sell restaurant reservation platform TheFork to American Express for $700 million as it sharpens its focus on travel experiences.
Elon Musk Adds $165 Billion in a Day, Exceeding Bill Gates’ Entire Fortune
By
Michael Foster
• 1 min read
By
Michael Foster
• 1 min read
Elon Musk added $165 billion to his fortune in one day — more than Bill Gates’ entire estimated net worth.