Category: Top Story
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SpaceX Secures $75 Billion Ahead of Historic Market Debut
SpaceX (NASDAQ:SPCX) has raised $75 billion (£56 billion) from institutional investors ahead of its public market debut on Friday, positioning the aerospace and artificial intelligence company for what is expected to be the largest stock market listing ever. According to a filing with the US Securities and Exchange Commission, the company sold $75 billion worth…
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Trillion Energy’s Billion Dollar Oil Discovery in Türkiye’s Most Active Oil Trend
Trillion Energy International Inc. (CSE:TCF) (USOTC:TRLEF) has confirmed a 27.6-million-barrel light-oil discovery in southeastern Türkiye, one of the world’s most active new oil trends. The company holds a 29% working interest in the M47 Concession, where an independent report by Chapman Hydrogen and Petroleum Engineering Ltd. assigns an unrisked NPV-10 of roughly US$733.5 million to…
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Wall Street Surges as Trump Halts Iran Strikes, SpaceX IPO Excitement Builds
Stocks staged a powerful rally on Thursday, with all three major indexes climbing sharply after President Trump called off a planned third night of military strikes against Iran and signaled progress toward a ceasefire deal. The about-face from earlier in the day — when Trump had threatened to seize Iran’s Kharg Island oil hub —…
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Markets in Motion: volatility spikes as investors brace for major IPO
Market volatility rises as traders reposition Investors are navigating a week marked by heightened volatility, shifting market leadership and anticipation around one of the largest IPOs ever brought to market. In this week’s Markets in Motion, Bruce Campbell highlights a sharp increase in volatility, driven in part by weakness in semiconductor stocks and broader repositioning across…
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New Street Research Sees Further Upside for SpaceX Ahead of Market Debut (SPCX)
New Street Research has initiated coverage of SpaceX (NASDAQ:SPCX) with a 12-month price target of $165 per share, implying potential upside of approximately 22% from the company’s proposed IPO price and valuing the business at around $2.3 trillion following its potential acquisition of Cursor. Analyst Pierre Ferragu outlined a multi-faceted valuation approach that supports a…
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Nvidia Teams Up With Abridge to Build AI Model for Healthcare Applications (NVDA)
Nvidia (NASDAQ:NVDA) has entered into a partnership with Abridge to develop a specialised artificial intelligence model tailored for healthcare use cases, according to a report by the Wall Street Journal. Abridge is known for its AI-powered note-taking platform used by medical professionals. The collaboration reflects growing investment across the technology sector in healthcare-focused AI solutions…
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Musk to Address ASML Event as SpaceX IPO Nears and Terafab Plans Advance (SPCX)
Elon Musk is set to make a virtual appearance at a technology event hosted by semiconductor equipment leader ASML on Thursday, where he is expected to discuss Terafab, his proposed large-scale semiconductor manufacturing project designed to supply chips for Tesla (NASDAQ:TSLA) and SpaceX (NASDAQ:SPCX). The appearance comes as investors await the pricing of SpaceX’s initial…
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OpenAI’s Sam Altman to Hold AI Strategy Talks With Samsung Executives in South Korea (OAI)
OpenAI (NASDAQ:OAI) Chief Executive Sam Altman is expected to meet senior executives at Samsung Electronics (USOTC:SSNHZ) next week during a visit to South Korea, where discussions will centre on expanding the use of artificial intelligence across the technology giant’s operations, according to a report from Yonhap News Agency. The visit highlights Samsung’s growing focus on…
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Oracle Beats Earnings Expectations but Shares Slide on Spending and Funding Plans (ORCL)
Oracle (NYSE:ORCL) reported quarterly earnings and revenue ahead of market forecasts on Wednesday and raised its outlook for annual adjusted earnings per share. Despite the strong operating performance, the stock fell 10.1% in premarket trading on Thursday after investors focused on the company’s aggressive capital spending plans and upcoming financing requirements. The software giant revealed…
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Chanos Questions SpaceX Valuation Ahead of Historic IPO
Prominent short seller Jim Chanos has challenged the valuation of SpaceX (NASDAQ:SPCX) ahead of its highly anticipated stock market debut, arguing that the company’s projected $1.75 trillion valuation is difficult to justify based on underlying fundamentals. SpaceX is scheduled to begin trading on the New York Stock Exchange on Friday following a $75 billion offering.…