SpaceX’s record $75 billion IPO is poised to supercharge Chinese space startups racing to fund the same technologies that have made Elon Musk the world’s first trillionaire — reusable rockets and giant satellite constellations.
Bending Spoons, an Italian tech firm that acquired internet brand AOL and ticketing marketplace Eventbrite this year, filed on Monday for an initial public offering on the U.S. Nasdaq.
Netflix appointed lead independent director Jay Hoag as chairman of its board, succeeding Reed Hastings, who stepped down from the board of the streaming service he co-founded nearly three decades ago.
SpaceX’s website and IPO marketing documents were not accessible on Friday in Hong Kong and mainland China, a Reuters review showed, a step that threatens to curb participation by investors there in a listing expected to be the world’s largest.
The Confederation of British Industry called on Britain’s government not to treat business as a cash cow or accuse companies of price-gouging as the country expects to struggle with a cost-of-living shock triggered by the Iran war.
SpaceX and Anthropic are preparing for what may be the biggest public-market launches in U.S. history, with OpenAI rumored to be close behind. That will put the companies’ chiefs in the sights of the buttoned-down world of Wall Street, even as they sell moonshots.
New York State Governor Kathy Hochul on Thursday signed a state budget that includes a progressive surcharge on luxury second homes in New York City, a move backed by Mayor Zohran Mamdani and expected to generate $500 million per year for the largest U.S. city.