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SpaceX will reportedly begin hearing pitches from investment banks as it weighs a historic IPO that has the potential to make Elon Musk the world’s first trillionaire. The Musk-led rocket company will hold its first meetings with bankers this week in a process known as a “bake off,
The billionaire’s X post about SpaceX going public comes a few days after reports of the rocket company’s recent private market offerings and 2026 IPO plans.
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Ripple’s $500M share sale draws Wall Street giants
According to a Bloomberg report, Ripple raised $500 million from investors, including Citadel Securities and Fortress, valuing the firm at $40 billion. ・Investors received guaranteed annual returns and the option to sell shares back to Ripple,
12don MSNOpinion
The metaverse is cooked, and Wall Street couldn’t be happier
It’s not hard to see why Wall Street is so thrilled. After four years and billions of dollars wasted, the metaverse — a feature that Zuck believed in so deeply that he renamed the company after it — is more or less cooked.
Oracle (ORCL) is set to report quarterly earnings after the bell on Wednesday. Wall Street is closely watching the cloud firm's results for any signs of cracks in the AI bubble. The fast-growing AI player is expected to report earnings per share of $1.
PepsiCo Inc. is nearing a settlement agreement with activist investor Elliott Investment Management, the Wall Street Journal reported Thursday, without providing details.