Investing
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Bezos’ Blue Origin is raising outside capital for the first time to compete for NASA contracts as rival SpaceX’s stock falters
Blue Origin, Jeff Bezos’s rocket company that fiercely competes with SpaceX over NASA contracts, is now seeking money outside of the Amazon billionaire’s pocketbook for the first time—$10 billion at a $130 billion valuation, according to DealBook. DealBook reports that Bezos himself will contribute $2 billion and global asset manager Coatue Management will contribute $4…
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Cathie Wood just bought the SpaceX dip again—and dumped Alibaba to do it
Investor Cathie Wood is betting millions SpaceX’s stock, like its rockets, is headed for the moon. The CEO and chief investment officer of ARK Invest recently put about $7 million into Elon Musk’s rocket company, buying the dip less than a month after its historic IPO—one that briefly made Musk the world’s first trillionaire. Now,…
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Famed investor Jeremy Grantham says history will end up laughing at SpaceX, the ‘craziest IPO in the history of man’ that just joined the Nasdaq 100
With Elon Musk’s SpaceX now embedded in the Nasdaq 100, the prospects of the rocket company have–directly or indirectly–now slipped into the stock portfolios of millions of people around the globe. But joining the Nasdaq index has done little to convince critics, who are dubious about the lofty aims of the company. In the prospectus…
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EasyJet’s stock shows Castlelake bid is far from a done deal
EasyJet Plc stock traded well below Castlelake LP’s latest takeover bid, signaling investors remain concerned about the potential barriers facing the £5 billion-plus deal. The budget carrier finally agreed in principle to the U.S. investment firm’s offer of £6.90 per share in cash after calling previous bids too low. The airline’s stock jumped Monday by…
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The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns
The S&P 500 just notched its best quarter since 2020 and is up about 9% so far this year, but it’s mostly downhill from here, according to Bank of America. In a note on Tuesday, analysts reaffirmed their year-end price target of 7,100 for the broad market index, representing a 5% drop from the week’s…
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SK Hynix seeks access to AI investors in $29 billion U.S. listing
This week’s $29 billion US stock-market listing for SK Hynix Inc. may be the biggest-ever first-time share sale by a foreign company, but it isn’t just about raising cash. It’s also about competing in the hottest corner of the global stock market — memory chips used in AI computing. For years, the South Korea-based semiconductor…
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Trump Accounts are now available for kids. Here’s where the money will be invested in the stock market—in line with Warren Buffett’s advice
The Fourth of July marks the official launch of Trump Accounts, allowing parents to set up the new type of custodial individual retirement account for kids. Any child with a Social Security number who’s under 18 by the end of the year when the account is created is eligible. And for children born between Jan.…
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Elon Musk can’t sell a single SpaceX share for a year—and then all the locks crack open at once
Unless you’ve been on the moon, you know that Elon Musk’s SpaceX just pulled off the biggest IPO of all time and raised about $86 billion in its public stock offering last month. The reusable rocket maker did it while selling only a tiny sliver—between 4% and 5%—of its stock. The other 95%—which consists of…
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Global stocks stage a rally as American markets take the day off
BANGKOK (AP) — Shares advanced Friday in Europe and Asia after the Dow Jones Industrial Average set another record, as some key AI related stocks rose while others extended losses. Futures for the S&P 500 gained 0.4% while that for the Dow was up 0.2%. U.S. markets will be closed Friday for the Independence Day…
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Michael Burry just shorted Caterpillar’s 172% AI rally. One analyst says his bet won’t even matter
Investor Michael Burry of “The Big Short” fame has a new short target in his sights: Caterpillar, the heavy-machinery giant that has surged thanks to the AI infrastructure boom. Burry, the former hedge fund manager who famously predicted the 2008 subprime mortgage crisis and earned hundreds of millions of dollars for his investors in the…