SpaceX has filed for an IPO that could value the company at $1.75 trillion or more. Several mutual funds and ETFs, including those managed by Baron Capital, Baillie Gifford, and Ark Invest, hold significant stakes in SpaceX, providing investors early access before the public offering. Notably, Baron Capital funds have the largest weightings, with Ron Baron predicting SpaceX could be worth up to $30 trillion in the future. Other major investors include Alphabet and Bank of America, which hold substantial private stakes in SpaceX.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
