In the latest 13F filings, Altimeter Capital, led by Brad Gerstner, increased its investments in tech stocks including SpaceX, Cerebras Systems, and Micron during a volatile second quarter. Gerstner views recent semiconductor market dips as buying opportunities rather than signs of a bubble, positioning his fund to benefit from the ongoing AI revolution. With a concentrated portfolio and a long-term focus, Altimeter’s bold moves in AI chipmakers and memory manufacturers signal confidence in sustained growth despite market turbulence. Investors may watch this fund closely as the tech sector navigates potential corrections and continued innovation.
SpaceX is set to report its third-quarter earnings, with expectations of returning to profitability after a previous loss. Earnings per share are forecasted at 13 cents, compared to a loss of nine cents in the prior quarter. Sales are projected to re...
Many college and university endowments saw their values surge, gaining billions largely due to large stakes in SpaceX, Elon Musk's rocket company that went public recently. This has made these endowments less diversified and more vulnerable to potent...
AST SpaceMobile's stock rose 4% after Europe's four largest wireless carriers signed a letter of intent to explore a joint bid for mobile satellite services spectrum. This move could expand AST's BlueBird satellite network, which currently has 13 sat...
Elon Musk announced he will donate one SpaceX share to every child in America next year, potentially distributing over $10 billion worth of stock based on current prices. With over 70 million children in the U.S., the total value could rise significa...
Elon Musk announced he will give one SpaceX share to every child in the U.S. next year, totaling about $10.5 billion in shares. Musk owns approximately 4.8 billion shares, which represents nearly half of the company. With 72 million children under 18...
