The SpaceX IPO is here, and it’s more than just an historic public offering that could make Elon Musk the world’s first trillionaire. It also reveals more ways in which Elon Musk’s companies interact and overlap with each other, shuffling money around in ways that are often difficult to keep track of. This is evident […]
Elon Musk’s final frontier is officially open for business now that SpaceX has formally filed its S-1 prospectus with the SEC. That kicks off what could be the largest initial public offering ever when it lists on the Nasdaq stock exchange with the ticker SPCX. SpaceX generated $18.67 billion in revenue in 2025, driven largely […]
More than 47,000 Samsung Electronics workers are gearing up for an 18-day strike after bonus payment negotiations between the company and its union collapsed. The strike is set to start on Thursday and will be limited to Samsung’s domestic chipmaking plants, raising concerns around the already constrained production of memory chips amid the ongoing shortage. […]
Google is going all in on AI-driven shopping even as some competitors back off. At Google I/O, the company unveiled the latest iteration of its AI commerce tools: a “Universal Cart” that works across different retailers and Google products like Gemini – and eventually YouTube and Gmail, too. Users can add products to Google’s universal […]
eBay has officially rejected GameStop’s offer to buy the online marketplace for $56 billion, citing concerns around “operational risks” and how the acquisition will be financed. In a letter to GameStop CEO Ryan Cohen on Tuesday, eBay’s board of directors said it has “concluded that your proposal is neither credible nor attractive.” “We have taken […]
In late April, Palantir – the software company that, in recent years, has perhaps become best known for its defense industry contracts and work with Immigration and Customs Enforcement – announced that it would be adding new products to its merch store. The latest offering was a cotton chore coat. At $239 and in bright […]
Nintendo is raising the price of its Switch 2 console globally, “in light of changes in market conditions,” and is now forecasting a drop in sales over the next year. Starting September 1st, the Switch 2 will cost $499.99 in the US, up from its current $449.99 price. At the same time, prices will also […]
Earlier this year, after a tumultuous period serving as the former second-in-command at the FBI, Dan Bongino went back to what he is perhaps known best for: video podcasting. After Bongino exited the role in January, he began promotion for the return of his podcast, The Dan Bongino Show. He bought out a billboard in […]
The strongest witness for Elon Musk’s case against OpenAI so far has been Greg Brockman’s journal. Brockman himself is running as a close second. Brockman was called to the stand in a rather unusual way – he was cross-examined first, followed by a direct examination – and he had some serious high school debate club […]
Amazon might have a part in delivering all kinds of stuff to your door soon, as its massive shipping network opens up to other companies outside its marketplace, more directly competing with giants like DHL, UPS, and FedEx. The new Amazon Supply Chain Services (ASCS) will offer freight, distribution, fulfillment, and parcel shipping to businesses […]