Morningstar analysts pegged SpaceX’s valuation at $780 billion, less than half of what the Elon Musk-led company is reportedly targeting in its initial public offering, ahead of a planned roadshow this week.
SpaceX, Elon Musk’s rocket and satellite company, plans to target a valuation of $1.75 trillion, including a greenshoe option, in its blockbuster initial public offering, two people familiar with the matter told Reuters on Tuesday.
U.S. Homeland Security Secretary Markwayne Mullin testified before a Senate panel on Tuesday after tensions flared over conditions in a New Jersey immigration detention center and Mullin threatened to shut down international travel into a major airport with the soccer World Cup less than two weeks away.
The U.S. Justice Department’s agreement with President Donald Trump to bar future audits into his or his family’s past tax records will remain in place even as his weaponization fund has been put on hold, two sources familiar with the matter said on Tuesday.
The United States announced sanctions on Iran’s biggest cryptocurrency exchange on Tuesday, accusing it of enabling the Iranian government and blacklisted state institutions to circumvent Western sanctions.
Ukrainian President Volodymyr Zelenskiy said Russian forces could again launch a massive attack on Ukraine on Tuesday evening.
Cuba on Tuesday defended a military-run conglomerate long the target of U.S. sanctions, saying the group of businesses known as GAESA has contributed to the nation’s economic and social development despite a recently ramped-up U.S. pressure campaign.
Microsoft , the company known for its operating system and apps, on Tuesday hinted at a new wave of gadgets that will have traditional versions of neither and will instead host AI agents to do specific tasks in industries such as healthcare and retail.
Marvell Technology’s shares surged more than 25% on Tuesday after Nvidia’s CEO Jensen Huang called the chipmaker the next “trillion-dollar company.”
Micron Technology’s march toward a $1 trillion valuation is nothing if not dramatic: a year ago it was a little over $100 billion.