SpaceX has reserved up to 5% of its IPO shares for purchase by select employees and associates through a direct share program managed by Morgan Stanley. The company aims to raise about $75 billion in its public offering, potentially marking one of the largest tech IPOs ever, with a valuation previously estimated at $1.25 trillion. The IPO could debut on Nasdaq as soon as June 12, with Goldman Sachs and Morgan Stanley leading the offering. Additionally, SpaceX disclosed details about its AI business relationship with Anthropic, highlighting a significant but potentially short-term revenue deal.
SpaceX has added a warning in its IPO filing about potentially issuing significant equity in future transactions, hinting at possible major dilution events such as a merger with Tesla. This comes amid ongoing speculation that CEO Elon Musk may combin...
In Q1 2026, Baron Technology ETF declined 6.9%, closely following the MSCI ACWI Information Technology Index's 6.73% drop, amid market volatility driven by AI fears and geopolitical tensions. The fund outperformed over three years with a 29.15% annua...
The Vanguard S&P 500 ETF (VOO) is on track to become the first ETF to surpass $1 trillion in assets under management, driven by $250 billion growth in 2025 alone. This milestone underscores strong investor demand for low-cost, broad-market index fund...
Waymo has registered 577 autonomous vehicles in Texas, dominating the state's autonomous vehicle market compared to competitors like Tesla, Avride, and Nuro. This data comes from a new Texas DMV tool requiring AV companies to disclose fleet sizes and...
Tesla has registered 42 autonomous vehicles for its Robotaxi service in Texas, significantly fewer than Waymo's 577 authorized robotaxis. This registration follows a new Texas law requiring self-certification that vehicles meet level 4 autonomy stand...
