Investors buying into SpaceX’s nearly $2 trillion IPO are making a high-stakes wager that CEO Elon Musk can turn a fast-growing satellite business into something far bigger, using an unproven rocket to unlock an ambitious push into AI.
SpaceX’s IPO filing reveals a board deeply embedded in Elon Musk’s broader business network, with directors tied to Tesla, Google, PayPal and venture firms that have financed multiple Musk ventures over two decades.
Hasbro on Wednesday reported first-quarter revenue and profit above estimates, aided by strong demand for its digital games such as "Magic: The Gathering", after a cybersecurity incident pushed back its results.
South Korean memory chip maker Samsung Electronics is facing its worst-ever strike, with nearly 48,000 workers threatening to walk off production lines on Thursday for 18 days over a dispute about bonus payouts.
A U.S. jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence company not liable to the world’s richest person for having allegedly strayed from its original mission to benefit humanity.
Commonwealth Bank of Australia on Monday appointed Mary-Anne Williams as its chief AI scientist in what the bank said would be the first such role at an Australian lender.
U.S. President Donald Trump said he "should have asked for more" of a stake in Intel on behalf of the U.S. government, in an interview with Fortune magazine published on Monday.
Versant Media topped Wall Street estimates for first-quarter revenue on Thursday, as content licensing deals and strong sales at businesses like Fandango helped cushion the impact of pay-TV cord cutting.
When Pattern Group co-founders David Wright and Melanie Alder needed $10 million for their startup in 2017, it was barely a rounding error for a bank like JPMorgan, which held $2.5 trillion in assets at the time.
China’s Alibaba on Wednesday posted a 3% rise in fourth-quarter revenue, but profits were pressured by growing investments in AI and cloud infrastructure, as well as ongoing spending on the quick commerce segment, which sees deliveries made within 60 minutes.
Nebius Group reported a nearly eightfold rise in quarterly revenue on Wednesday, benefiting from rising demand for artificial intelligence infrastructure and cloud services amid a boom in enterprise spending on the technology.
EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth.
The European Union is working on new rules to protect children from the addictive designs of social media such as TikTok, Meta and X, EU Commission President Ursula von der Leyen said on Tuesday.
Nintendo and Sony both flagged the impact from surging memory prices on their games businesses on Friday, as the artificial intelligence boom constrains chip supply and deepens disruptions across the tech sector.