Category: Latest News
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SpaceX reportedly trims IPO valuation goal to $1.8 trillion ahead of landmark market debut
Elon Musk’s SpaceX (NASDAQ:SPCX) is reportedly targeting a valuation of at least $1.8 trillion for its forthcoming initial public offering, according to a Bloomberg News report citing people familiar with the matter. While lower than earlier internal expectations, the figure would still place the company on course for what could become the largest IPO ever…
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Blue Origin suffers launchpad explosion as New Glenn setback highlights challenge of catching SpaceX
Blue Origin’s ambitions to compete more directly with Elon Musk’s SpaceX (NASDAQ:SPCX) suffered a significant blow on Thursday after an uncrewed New Glenn rocket exploded during testing at a Florida launch facility. The incident occurred as the company was preparing the vehicle for its fourth mission and represents another hurdle for Jeff Bezos’ space venture…
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Anthropic reaches $965 billion valuation after fresh funding round, overtaking OpenAI
Anthropic announced on Thursday that it had secured $65 billion in new funding, lifting its post-money valuation to $965 billion as the artificial intelligence company accelerates investment in computing infrastructure, product development and the expansion of its Claude AI platform. The latest fundraising cements Anthropic’s position among the most valuable private technology companies in the…
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Gold Consolidation in Africa: Barrick Mining and Harmony Gold Under Pressure – North Arrow Minerals Fills the Strategic Niche
Harmony Gold: Focus on Optimization and Regional Strength Harmony Gold mines precious metals and focuses on optimizing mature mines and extending the life of existing infrastructure through targeted exploration in the vicinity of these facilities. Most recently, the company increased revenue by 34% to ZAR 68,385 million in the nine-month reporting period, driven by a…
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Dell raises outlook on surging AI infrastructure demand, sending shares sharply higher (DELL)
Dell (NYSE:DELL) increased its full-year revenue and earnings guidance on Thursday, highlighting robust demand for its artificial intelligence-focused server portfolio as businesses accelerate investments in data center infrastructure powered by advanced Nvidia technology. The upbeat forecast triggered a strong market reaction, with Dell shares jumping around 39% in extended trading as investors welcomed evidence that…
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Virgin Galactic surges as flight-testing restart and SpaceX IPO excitement fuel rally (SPCE)
Virgin Galactic Holdings Inc (NYSE:SPCE) continued its remarkable advance on Thursday, 28 May, with shares climbing 19.53% during regular trading before adding a further 14% in after-hours activity. The move positions the stock for a sixth consecutive day of gains and extends its cumulative rise to more than 83% over the past five trading sessions.…
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Oil prices stabilize as investors monitor prospects for a U.S.-Iran ceasefire agreement
Oil prices were little changed on Friday, although both major crude benchmarks remained on course for their sharpest weekly declines since early April amid growing expectations that diplomatic progress between the United States and Iran could ease supply concerns. By 0810 GMT, Brent crude futures for July delivery were down 34 cents, or 0.3%, at…
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Gold edges higher as markets assess Iran ceasefire developments and inflation pressures
Gold prices moved modestly higher during Asian trading on Friday as investors evaluated reports suggesting progress toward an extension of the ceasefire between the United States and Iran, while lingering concerns over inflation continued to influence sentiment across commodity markets. Spot gold gained 0.4% to $4,514.27 per ounce by 02:40 ET (06:40 GMT), while U.S.…
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Markets watch Iran ceasefire talks as investors assess mega IPO valuations: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. equity futures traded in a narrow range on Friday as investors monitored reports suggesting progress in negotiations aimed at extending the ceasefire between the United States and Iran. At the same time, attention remained focused on a series of potentially record-breaking public offerings expected later this year, including those involving artificial intelligence and space…
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Tech Rally Lifts S&P 500 and Nasdaq to Record Closes
The S&P 500 and Nasdaq Composite both closed at fresh record highs on Thursday as a wave of strong earnings reports and a blockbuster deal in cloud computing gave investors reason to buy, even as geopolitical tensions in the Middle East kept a lid on the Dow. Technology and consumer-facing stocks led the charge, while…