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SpaceX to list on US stock market at historic 1.77tn valuation
SpaceX to list on US stock market at $1.77tn valuation in largest ever debut IPO for Elon Musk's company comes in what is predicted to be a banner year for public offerings of AI companies SpaceX will become publicly traded on Friday after nearly two and a half decades as a private company. Executives are slated to ring the bell on Wall Street with the rocket ship maker's historic stock market debut. If all goes to plan, the company's initial public offering (IPO) will mint a valuation of $1.77tn - earning it the designation of the world's largest ever IPO. Elon Musk, the founder and CEO of SpaceX, has a large stake in the company as majority shareholder, so if investors' enthusiasm validates the eye-popping valuation, he would take the title of the world's first-ever trillionaire. Musk is also the CEO of Tesla, which is valued at $1.2tn.
Why We Need to Tax AI
Elizabeth Warren is a U.S. Senator from Massachusetts. Senator Elizabeth Warren speaks on the floor of the New York Stock Exchange on Wall Street on April 17, 2025 in New York City. Senator Elizabeth Warren speaks on the floor of the New York Stock Exchange on Wall Street on April 17, 2025 in New York City. Elizabeth Warren is a U.S. Senator from Massachusetts. Americans are hanging on by their fingernails in an economy that funnels wealth to the ultra-rich and leaves crumbs for working people.
Wall Street's AI winner hunt leads to seasoning maker in Japan
Wall Street's AI winner hunt leads to seasoning maker in Japan Ajinomoto, known more as a seasonings and foods maker, holds more than 95% of global market share for insulating materials used in personal computers and data center servers. The beneficiaries of the artificial intelligence buildout are spreading far beyond technology high-flyers. Laura Lau found one in seasoning maker Ajinomoto. The Tokyo-based company is best known for making monosodium glutamate, or MSG, a flavor enhancer used in soups and vegetables. Its lesser-known business, called Build-Up Film, or ABF, makes insulating film used to package high-performance semiconductors.
Why the SpaceX IPO is the talk of Wall Street and beyond
Tech billionaire Elon Musk's SpaceX is preparing to list its shares on the US-based Nasdaq in what will be the most hotly anticipated initial public offering (IPO) in years. Here's everything you need to know about the deal: Founded in 2002 by Musk, now the world's richest man, SpaceX is best known for designing and launching rockets, spacecraft and reusable launch vehicles. Since 2006, the company has partnered with NASA to deliver cargo and crew to the International Space Station (ISS). The Texas-based company has also launched rockets, satellites and spacecraft for various private companies. As well as its aerospace business, SpaceX provides internet services and artificial intelligence platforms through its dedicated divisions, Starlink and xAI.
Selena Gomez is reportedly bringing her talents to award-winning director's new four-hour X-rated movie
Minka Kelly uncorks a heater at 45, ABS backfires spectacularly and LSU parents vs a security guard! Robot's lifeless corpse hauled off stage after fall during disastrous Michael Jackson impression Bear cubs spar on woman's front porch in adorable viral nature video, reactions pour in Show Tiffany Stratton some respect -- a boob job doesn't mean the WWE champ is made of plastic Britney Spears stuns with a post-plea deal Instagram dance, college baseball HOT mic & is this dream normal? Landlord in a tenant's home for repairs was caught on a security camera getting it on with a woman instead Paige Spiranac continues her generational golf content influencing run in 2026, Mike Alstott is ripped & MEAT! 'World's sexiest fan' drops her World Cup anthem and here's why you never assist a bike thief Wearing only a watch, a headlamp and flip-flops isn't a great disguise when trashing a neighbor's motion light Stephen Miller: The American people rejected'third world' Democratic policies by voting for Trump Former CENTCOM commander'concerned' about Iran's residual military capabilities Wall Street titans sound alarm on Mamdani's'reckless' targeting of top employers Retired general says Iran is fighting a'war of resistance' Kevin Warsh's potential Fed chairmanship sparks economic debate on inflation Minnesota fraud mastermind sentenced to 41.5 years in prison OutKick-Culture Selena Gomez is reportedly bringing her talents to award-winning director's new four-hour X-rated movie Don't let reports that Selena Gomez is going to be starring in an X-rated movie fool you. This isn't going to be a poorly produced amateur-level movie thrown together with someone who doesn't know what they're doing. It's also not a sex tape, for the folks who can't get their act together.
Artificial Intelligence glitch at Arizona college graduation sparks uproar from crowd
Selena Gomez is reportedly bringing her talents to award-winning director's new four-hour X-rated movie Minka Kelly uncorks a heater at 45, ABS backfires spectacularly and LSU parents vs a security guard! Robot's lifeless corpse hauled off stage after fall during disastrous Michael Jackson impression Bear cubs spar on woman's front porch in adorable viral nature video, reactions pour in Show Tiffany Stratton some respect -- a boob job doesn't mean the WWE champ is made of plastic Britney Spears stuns with a post-plea deal Instagram dance, college baseball HOT mic & is this dream normal? Landlord in a tenant's home for repairs was caught on a security camera getting it on with a woman instead Paige Spiranac continues her generational golf content influencing run in 2026, Mike Alstott is ripped & MEAT! 'World's sexiest fan' drops her World Cup anthem and here's why you never assist a bike thief Wearing only a watch, a headlamp and flip-flops isn't a great disguise when trashing a neighbor's motion light Stephen Miller: The American people rejected'third world' Democratic policies by voting for Trump Former CENTCOM commander'concerned' about Iran's residual military capabilities Wall Street titans sound alarm on Mamdani's'reckless' targeting of top employers Retired general says Iran is fighting a'war of resistance' Kevin Warsh's potential Fed chairmanship sparks economic debate on inflation Minnesota fraud mastermind sentenced to 41.5 years in prison President Tiffany Hernandez said the school was'using a new AI system as our reader' and called it'a lesson learned' Kurt Knutsson discusses growing public backlash against AI, including former Google CEO Eric Schmidt being booed at a University of Arizona commencement. He further discusses the development of artificial eggs that could revive dead species. I'll be honest with you guys, I don't know what to make of my feelings toward artificial intelligence, because my mood on the subject changes by the day.
SpaceX files for IPO that could make Elon Musk a trillionaire
Elon Musk's SpaceX has revealed its plans to go public in the US, allowing people to trade shares in the firm on the stock market. SpaceX makes rockets, offers a satellite internet service called Starlink, and also owns Musk's controversial artificial intelligence (AI) firm xAI. The initial public offering (IPO) on the US stock market is set to be the largest in Wall Street history and could start next month under the ticker symbol SPCX. Because of the shares he will own in SpaceX, the IPO could make billionaire Musk, who is already the world's richest person, a trillionaire. SpaceX values itself at $1.25tn, and Musk's majority ownership of the company means his share could be worth more than $600bn.
Former OpenAI Staffers Warn xAI's Poor Safety Record Could Complicate SpaceX's IPO
The ex-employees, who cofounded a new AI watchdog group, say investors deserve more information about xAI's safety practices before SpaceX goes public. Two former OpenAI employees and a group of AI safety nonprofits are warning that Elon Musk's AI lab, xAI, could become a liability for prospective investors in SpaceX, which is preparing to file what's expected to be the largest initial public offering in Wall Street History. In a letter directed to investors published on Tuesday, the ex-staffers highlighted what they describe as "unpriced risks" related to xAI that could complicate SpaceX's reported plans to raise up to $75 billion as part of its IPO. The rocket company's private valuation shot up to over $1 trillion after it acquired xAI last year . Musk claimed his rocket company could launch data centers into space for his AI lab, but the letter's authors argue that xAI's poor record on safety issues could complicate how investors view the combined company as it gets ready to submit its IPO prospectus filing .
After Struggling With EVs, US Automakers Pivot to Energy
Ford and GM are backing away from electric vehicles and moving into the battery storage business. And it all comes back to AI. Automakers make cars--it's in the name. But lately, politics, current events, and Wall Street's latest preoccupation, artificial intelligence, have them looking a lot more like energy companies. The pivot, analysts say, could give US auto manufacturers struggling through a transition to electric vehicles an easier path over the next few years. Whether it works will come down to the same technology that automakers once promised would power the majority of their lineups: batteries .
Musk's xAI races to get Wall Street firms to use Grok chatbot
Musk's xAI races to get Wall Street firms to use Grok chatbot A chat window for chatbot Grok. Musk's artificial intelligence venture, xAI, is moving with urgency to boost revenue by selling chatbot subscriptions and access to its computing resources before SpaceX's expected IPO next month. Billionaire Elon Musk's xAI has recruited multiple Wall Street firms with ties to his business empire to test its Grok chatbot, according to people familiar with the matter, part of a push to bolster revenue ahead of parent company SpaceX's initial public offering. Apollo Global Management and Morgan Stanley have begun using Grok internally alongside software from other AI model makers, said the people, who spoke on condition of anonymity as the information is not public. Valor Equity Partners is also using Grok, the people said. Despite some banks signing up for Grok, financiers are rarely using the chatbot for work, some of the people said.