SpaceX launched its IPO on Nasdaq at $135 per share and opened trading at $150, marking an 11% increase on the first day. The company raised $75 billion, making it the largest IPO ever, surpassing Saudi Aramco's 2019 record, with a valuation near $1.78 trillion. Notably, the IPO included a significant retail investor allocation, unusual for such a large offering. Additionally, tokenized SpaceX shares and crypto derivatives began trading on blockchain platforms, offering new ways to invest but with different regulatory protections than traditional stock trading.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
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...
