Markets, earnings, deals, and the macro shifts that move them. Reported for readers who already know the basics.
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 · 55 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 · 55 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 · 55 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 · 56 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 · 57 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 · 57 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 · 57 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 · 58 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 · 59 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 · 59 DAYS AGO
Software stocks closed May up 21%—their best monthly performance since 2001—after Snowflake and Okta delivered blowout earnings that challenged fears artificial intelligence would cannibalize the sector.
Sara Montes de Oca · 60 DAYS AGO
Dell Technologies posted 88% year-over-year revenue growth and a 757% surge in AI server sales for the quarter ended May 1, sending shares up as much as 39% in extended trading and prompting the company to raise its full-year AI revenue forecast to $60 billion.
Sara Montes de Oca · 61 DAYS AGO
Sixty percent of family offices plan their largest portfolio changes in five years, with non-U.S. wealth managers trimming dollar-denominated holdings and shifting capital to emerging markets, Europe, and other regions, according to the UBS Global Family Office Report.
Sara Montes de Oca · 61 DAYS AGO
The Commodity Futures Trading Commission sued Rhode Island on Thursday over the state's legal action against prediction market platforms Kalshi and Polymarket, making it the seventh state targeted by the federal agency in the ongoing regulatory dispute.
Sara Montes de Oca · 61 DAYS AGO
The CFTC has asked a New York federal court to vacate a January 2025 consent order against Gemini Trust, including an injunction tied to a $5 million penalty, drawing criticism from a former agency chair who called the move "very unusual."
Jay Goldberg · 61 DAYS AGO
Snowflake posted first-quarter adjusted earnings of 39 cents per share on revenue of $1.39 billion, both above analyst estimates, and announced a five-year, $6 billion commitment to Amazon Web Services that includes AI chips.
Jay Goldberg · 61 DAYS AGO
Amazon announced Wednesday that Neil Lindsay, head of Amazon Health Services since 2021, will step down on July 1 and be replaced by Dr. Roy Schoenberg, a co-founder of telemedicine company Amwell.
Sara Montes de Oca · 62 DAYS AGO
Elon Musk is preparing to take SpaceX public on the Nasdaq within weeks, and speculation is building that his ultimate aim is to eventually merge the $1.25 trillion rocket company with Tesla, which carries a market cap of around $1.6 trillion.
Sara Montes de Oca · 63 DAYS AGO
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.