Musk Reportedly Discussed Potential SpaceX-Tesla Merger Ahead of IPO
Elon Musk reportedly discussed the possibility of merging SpaceX and Tesla into a single company, creating a combined entity valued at nearly $2.85 trillion.
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Elon Musk reportedly discussed the possibility of merging SpaceX and Tesla into a single company, creating a combined entity valued at nearly $2.85 trillion.
Micron became a $1 trillion company for the first time after shares surged 18% in a single session, driven by explosive demand for AI memory chips and tightening global supply.
Quantum computing company Quantinuum is seeking to raise about $1.05 billion in its Nasdaq IPO at a valuation near $12.7 billion, with the U.S. government expected to purchase a $100 million stake.
Taiwan officially became the world’s fifth-largest stock market after total market capitalization reached $4.95 trillion, driven largely by the explosive rally in TSMC shares.
Oil prices plunged nearly 10% in a single day as easing geopolitical tensions and expectations of a potential Iran agreement triggered a sharp commodity selloff.
U.S. equity markets rallied sharply as optimism surrounding a potential peace agreement between the United States and Iran pushed S&P 500 and Nasdaq futures to fresh record highs.
SpaceX officially filed for what could become the largest IPO in history, targeting a $1.75 trillion valuation and seeking to raise $75 billion as investors gain their first detailed look into the company’s finances, AI ambitions, and Starlink profitability.
Polymarket, in partnership with Nasdaq, introduced prediction markets tied to private companies, expanding speculative trading beyond public equities and cryptocurrencies.
Leopold Aschenbrenner’s hedge fund grew from $225 million to $13.7 billion by betting on AI infrastructure, energy, and compute bottlenecks rather than chatbot applications.
The SEC is reportedly preparing an ‘innovation exemption’ that could allow tokenized versions of stocks to trade on crypto platforms, marking a major step toward integrating blockchain infrastructure into U.S. equity markets.
HIVE Digital shares jumped 40% after subsidiary BUZZ HPC unveiled plans for a C$3.5 billion AI gigafactory in the Greater Toronto Area with 320 MW capacity.
Ryanair said it has contingency plans for an ‘armageddon scenario’ as soaring jet fuel costs threaten weaker European airlines.
Berkshire Hathaway disclosed major portfolio changes in its latest 13F filing, adding to Alphabet and Delta Air Lines while fully exiting positions including Visa, Mastercard, and Amazon.
SpaceX has reportedly chosen Nasdaq for its anticipated IPO, which could take place as early as June 11 with shares expected to trade under the ticker SPCX.
Cerebras shares jumped 70% in their market debut after the AI chipmaker completed the largest U.S. IPO of the year amid intense investor demand.