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On Wednesday, Palantir CEO Alex Karp delivered a blistering critique of frontier AI labs, accusing them of having an "effing insane" business model that leaves enterprises paying escalating token costs for limited value while risking their proprietar
SpaceX's IPO was a gargantuan event by any measure: US$75 billion proceeds raised, over US$2 trillion enterprise value, and an almost US$29 trillion total addressable market to feast on.
For years, Elon Musk has dreamed of turning X (formerly Twitter) into the "everything app".
Cars kill more than 100 people per day. The solution? Self-driving cars. They're MUCH safer. But some politicians worry more about jobs than lives.
Iconic chicken-wing chain Hooters, famous for buxom waitresses wearing skimpy orange and white uniforms, appears to be throwing in the towel on its 35-year struggle to stay politically incorrect.
The problem with durable, low-maintenance, low-operating cost technologies is self-evident: they're not as profitable as planned obsolescence or extracting monthly fees from owners.
The average price paid for a new car is now just shy of $52,000 - so it's not really surprising to hear that the average price paid for a used car is now more than $30,000 (a new post "COVID" high).
Elon Musk's SpaceX is set to begin trading on the Nasdaq under the ticker SPCX on Friday, officially joining the ranks of public Bitcoin treasury companies with 18,712 BTC worth roughly $1.29 billion, making it the eighth-largest corporate holder o
The massive four-day shopping event for Amazon Prime members kicked off Tuesday and runs through the end of the week, but early survey data suggest the sales event is off to a sluggish start, with average household spending on day one tracking below
...Fueling Third Inflation Wave
Why would anyone invest large sums of capital into creating something new of uncertain income?
Once entrepreneurial success arrives, few recall the risks, ridicule, failed ventures, sleepless nights, and near-disasters that came before.
Long before Amazon and Walmart, politicians targeted A&P for lowering prices with scale and efficiency. The resulting law protected competitors at the expense of grocery buyers.
It started off with a bang: SpaceX IPOed on June 12 with an opening price of $150 on their first day of trade, well above the offering price of $135, and within two days, enterprising traders were ravenously bidding up 380 calls (expiring in just day
Hot Take: SpaceX Assigned Dubious BBB Ratings
The Financial Times appears eager to frame MSCI's decision to assign SpaceX the "lowest possible ESG rating" as a major reputational blow.
If the ships passing turn off transponders but still go through then the oil and the traffic is not stopped. There will be issues around the data of ships with and without transponders.
Elon exercised his remaining ~304 million Tesla options from the 2018 performance package.
Faith meets marketing, and worship becomes a brand.
Goldman Sachs also did the same last month It's over
Going from zero to one is creating something that is fundamentally new.
Earlier this week, we showed the unprecedented pace of hyperscaler Investment Grade debt accumulation, which according to Morgan Stanley calculations had doubled in just two quarters...
Retail sales were strong in May but the overall trend is nothing but inflation.
Pizza Hut pioneered online ordering in 1994, peaked at nearly 8,000 U.S. locations, and was once the #1 pizza chain in America. Today, Yum! Brands announced it's selling the entire brand for $2.7 billion.
Yum! Brands agreed to sell its iconic Pizza Hut chain for $2.7 billion following a strategic review, separating the struggling pizza brand from its broader restaurant portfolio, which includes KFC, Taco Bell, and The Habit Burger Grill.
SpaceX has agreed to acquire AI coding startup Cursor for $60 billion, giving Elon Musk's artificial intelligence empire a leg up in the chatbot coding race currently led by frontier AI labs such as OpenAI, Anthropic, and Google.
Update (9:00pm): just a few minutes after the initial post, the squeeze is accelerating and SPCX hit just shy of $230, or $3 trillion in market cap, surpassing MSFT in value.
Fox agreed to acquire Roku for $160 per share in a cash-and-stock deal, valuing Roku at around $22 billion. The deal marks a major push by Fox into connected TV, streaming advertising, and direct-to-consumer distribution.
OpenAI could be about to slash the price for using its artificial-intelligence products, a move which would pose a significant test to optimism about AI and the wider technology sector.
Elon Musk Officially World's First Trillionaire as SpaceX Makes Debut on Nasdaq – Musk Rings Opening Bell (VIDEO)
