Markets, earnings, deals, and the macro shifts that move them. Reported for readers who already know the basics.
Rivian has begun delivering its R2 SUV to reservation holders and pulled the timeline for its $45,000 entry-level model forward to next summer, as the company bets on high-volume sales to achieve profitability.
Sara Montes de Oca · 147 DAYS AGO
The Trump family was entitled to roughly $500 million from a 2025 crypto deal with Alt5 Sigma, while the company — now called AI Financial Corp. — has lost more than 90% of its stock value and warned it may not survive as a going concern.
Sara Montes de Oca · 147 DAYS AGO
Alphabet's $80 billion stock sale to fund AI infrastructure, combined with surging data center costs and a jobs report that extinguished rate-cut hopes, has raised fears that Amazon, Microsoft, and Meta may need to follow with their own large equity offerings.
Sara Montes de Oca · 149 DAYS AGO
Iran fired ballistic missiles at northern Israel on Sunday, jeopardizing a ceasefire with the U.S. and pushing stock futures lower as markets face a week packed with inflation data and the SpaceX IPO.
Jay Goldberg · 149 DAYS AGO
Spot ETFs tracking the HYPE token from Bitwise, 21shares, and Grayscale attracted nearly $160 million in combined assets within days of launch, even as bitcoin and ether ETFs shed value amid a broad crypto selloff.
Sara Montes de Oca · 150 DAYS AGO
Family offices completed 51 direct investments in May, highlighted by a $225 million commitment to Pickleball Inc. and a $12 million Series A for GPS sports gear startup PlayerData, signaling the sector's growing appeal as an alternative asset class.
Jay Goldberg · 151 DAYS AGO
S&P Global said it will not change its S&P 500 eligibility requirements, blocking SpaceX from swift index entry after its record-targeting $1.75 trillion IPO. The move leaves SpaceX ineligible due to a $4.94 billion net loss reported in 2025.
Sara Montes de Oca · 152 DAYS AGO
Broadcom reported fiscal Q2 revenue of $22.19 billion, up 48% year over year, and AI semiconductor revenue surging 143% to $10.8 billion — but shares dropped after CEO Hock Tan held his multiyear AI targets steady rather than raising them.
Sara Montes de Oca · 153 DAYS AGO
SpaceX set a fixed IPO price of $135 per share, targeting a $1.77 trillion valuation and a June 12 Nasdaq debut — which would make it the largest IPO in U.S. history, more than triple the size of Alibaba's record offering.
Jay Goldberg · 153 DAYS AGO
On World Clubfoot Day, the nonprofit’s chief executive explains why connecting proven platforms let a roughly 50-person organization track a quarter-million patient visits a year across nearly 40 countries.
Sara Montes de Oca · 153 DAYS AGO
Morningstar analysts have placed SpaceX's fair value at $780 billion, roughly 48% below its $1.75 trillion IPO target, citing deep uncertainty around the company's xAI unit and a sustained history of net losses.
Sara Montes de Oca · 154 DAYS AGO
Mach Industries, a three-year-old defense tech startup, has raised a $300 million Series C at a $1.8 billion valuation — nearly four times its worth from a year ago — as investor appetite for autonomous weapons developers surges.
Sara Montes de Oca · 155 DAYS AGO
Alphabet announced plans to raise $80 billion through stock sales, including a $10 billion investment from Berkshire Hathaway, to expand AI compute infrastructure as demand exceeds the company's available supply.
Jay Goldberg · 155 DAYS AGO
Hewlett Packard Enterprise shares surged 30% on Monday after the company reported second-quarter revenue of $10.68 billion — up 40% year over year — and posted its biggest earnings-per-share beat since February 2018, fueled by record server demand.
Jay Goldberg · 155 DAYS AGO
Strategy sold 32 bitcoin for $2.5 million between May 26 and May 31 — only the second bitcoin sale in the company's history — sending shares down more than 6% and bitcoin to its lowest level since April 13.
Sara Montes de Oca · 155 DAYS AGO
Top-ranked analysts at Bank of America, UBS, and Mizuho have raised price targets on Datadog, Micron Technology, and Lam Research, citing sustained AI infrastructure demand, long-term supply agreements, and accelerating semiconductor spending.
Jay Goldberg · 156 DAYS AGO
Twenty Snap alumni have launched Ghost Angels, a fund targeting pre-seed and seed AI startups in social media and consumer tech, with plans to back at least 20 companies in total.
Sara Montes de Oca · 157 DAYS AGO
SpaceX received $4.16 billion to build satellites for the "Golden Dome" missile defense system and a separate $2.29 billion communications contract, bringing its total Space Force awards this week to $6.45 billion — arriving just weeks before the company's anticipated IPO.
Sara Montes de Oca · 158 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.