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On the day of a historic IPO, SpaceX’s president is already hinting at a Tesla merger: ‘That might make Elon Musk’s life a little easier’
On the day of SpaceX’s highly anticipated IPO, president Gwynne Shotwell hinted at a move many analysts increasingly expect—that Elon Musk’s two public companies will someday merge to form a Musk empire.As SpaceX makes history with its IPO Friday, Shotwell noted that combining Musk’s two public companies may not happen in the near term: “Right now I’m focused on keeping…
Founders Fund, Andreessen Horowitz, Valor, and the biggest VC winners from SpaceX’s IPO
Consider: In 2002, the year Elon Musk founded SpaceX, venture capital was in the aftermath of the dotcom bust and far smaller as an industry than it is today. Though it’s hard to say exactly the size, contemporary reports say that U.S. VCs deployed $20.3 billion into private companies in 2002. Some numbers come in higher, others lower, but regardless:…
U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
More oil clearly has begun moving through the Strait of Hormuz of late amid the ongoing Iran war—although the exact volumes are hard to parse—but Wright’s estimates surprised energy market analysts to the upside. He credited U.S. military intervention. More vessels are also taking the calculated risk by turning off their transponders and going dark. Both Wright and Wirth were…
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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge
The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…
India Revs Up EV Industry: New Policy to Attract Investment
Buckle up, India! The Indian government has shifted into high gear with…
UBS Recommends European Stocks Over US: A Shift in Investment Strategy
In a surprising shift, investment banking giant UBS urges investors to focus…
US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends
It's a pivotal week for the US stock market as earnings season…
Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry
Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…
Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
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BOJ Governor Ueda Signals Potential Rate Hike, Impact on Japan’s Economy
Bank of Japan Governor Kazuo Ueda is intensifying efforts to lay the groundwork for the nation's first interest rate increase since 2007, with recent comments pointing towards a possible move…
