News & Updates
The latest news and updates from companies in the WLTH portfolio.
SpaceX IPO aims to raise $75B at $1.75T valuation
Along with the high retail allocation, SpaceX is also said to be preparing unique investor engagement strategies. Potential investors might even get an invite to SpaceX launch facilities for a first-hand look at rocket launches and manufacturing operations. This immersive approach is rare in the industry and shows the company's confidence in its long-term growth story. The target valuation of $1.75 trillion is a major jump from the $1.25 trillion valuation set when SpaceX merged with Musk's AI start-up xAI in February. The company's last tender offer, which allows employees and investors to sell their existing shares, valued it at $800 billion before the xAI merger. While this high valuation could mean better returns for early investors, it also raises concerns about potential overpricing and post-IPO price corrections.
As Anthropic Revenues Soar, Which Stocks Benefit?
Founded in 2021 by former OpenAI employees Dario and Daniela Amodei, Anthropic is a leading artificial intelligence (AI) company. Claude, Anthropic's brand name for its AI offering, is "built for problem solvers" and helps its users "tackle complex challenges, analyze data, write code, and think through your hardest work. Unlike OpenAI's 'ChatGPT' AI model, the vast majority of Anthropic's revenue is generated from enterprise contracts. Businesses utilize Claude for critical workflows, including financial data analysis, cybersecurity, and legal compliance. The internet boom of the late 1990s is the closest thing Wall Street investors have experienced to an AI boom. Although history does not always repeat, it does tend to rhyme, especially with new technologies. The cutthroat war for web search dominance proved that first-movers and early movers do not necessarily win in the long run. In fact, because of the constant competition and innovation that America's capitalistic system drives, they rarely do. At one time, web search offerings like Yahoo! looked poised to run away with the race for search engine dominance. However, four years later, Google was started in a garage and would ultimately win the race due to its innovative ranking system and superior algorithm. Back to AI. Currently, the artificial intelligence industry is witnessing its first shake-up. In 2022, OpenAI's ChatGPT launched and quickly became the fastest-growing consumer application in history. Although ChatGPT is still growing its user base (due to a larger industry pie), Anthropic has taken the mantle as the fastest-growing AI company. Monday, Anthropic announced that its run-rate revenue surpassed $30 B, up from approximately $9 billion at the end of 2025! Image Source: Zacks Investment Research Anthropic is winning the enterprise customer. Businesses are flocking to Claude for its "agentic" capability, which enables the AI to autonomously perform tasks. Meanwhile, unlike other AI models, Claude attracts mainly enterprise customers with deep pockets that tend to be "stickier" customers. In fact, more than 500 enterprise customers are currently spending over 1$ million annually on Anthropic. Although Anthropic is privately held, several public companies will benefit from its success, including: Alphabet (GOOGL): Reports suggest that Google owns ~14% of Anthropic. SK Telecom (SKM): The South Korean telecom giant was an early investor in 2023 (SKM invested $100 million into Anthropic. NVIDIA (NVDA): The chip giant invested $10 billion in the February 2026 funding round. In addition to its investment, NVDA will benefit from Anthropic's demand for compute. Amazon (AMZN): Amazon committed up to $8 billion to Anthropic late last year. Additionally, Amazon is an Anthropic cloud partner. By pivoting away from the volatile consumer market and anchoring its growth in high-value enterprise contracts, Anthropic has positioned itself as the premier challenger to OpenAI's dominance. Quantum Computing is the next technological revolution, and it could be even more advanced than AI. While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure. Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power. Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity. Amazon.com, Inc. (AMZN) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Zoom Communications, Inc. (ZM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com).
Dow Jones Top Company Headlines at 11 PM ET: Anthropic in Talks to Invest $200 Million in New Private-Equity Venture | LG ...
Anthropic in Talks to Invest $200 Million in New Private-Equity Venture General Atlantic, Blackstone, and Hellman & Friedman are among the private-equity firms in discussions to back the project. ---- LG Electronics Expects First-Quarter Earnings Rebound LG Electronics projected a solid earnings rebound in the first quarter, driven by improving profitability in its home-appliance, television and vehicle-component businesses. ---- Samsung Projects Eightfold Profit Leap as AI Chip Demand Soars The world's largest memory-chip maker forecast a more than eightfold jump in first-quarter operating profit, signaling continued record earnings amid the artificial-intelligence boom. ---- Broadcom to Supply AI Chips to Google, Computing Capacity to Anthropic in Expanded Collaboration Broadcom will develop and supply custom AI chips for Google and additional computing capacity to Anthropic in an expansion of the strategic collaboration between the three companies. ---- Amazon and U.S. Postal Service Reach Delivery Deal The e-commerce giant, under a new plan, will cut back the packages it ships through USPS by 20%, less than the proposal the sides had discussed earlier. ---- Casey's General Stores Joining S&P 500 This Week Casey's will join the S&P 500 before trading opens on Thursday, S&P Dow Jones Indices said. ---- BNY, Robinhood Win Contract for Running Trump Accounts The two firms are the early winners in Wall Street's race to play a role in setting up and running the new savings tool for children. ---- Festival Organizer Defends Kanye West Booking After Sponsors Flee Anheuser-Busch InBev follows PepsiCo and Diageo in pulling out of the planned U.K. event. ---- Oracle Names Hilary Maxson Chief Financial Officer Oracle hired Hilary Maxson as the software giant's new chief financial officer, effective immediately. ---- Pesticide Giant Syngenta Readies New Weapon Against Superweeds The chemical, launching first in Argentina, is designed to fight grass weeds in soybean crops. ---- Neurocrine to Buy Soleno, Nabbing Drug for Relentless Hunger Disorder The deal, valued at $2.9 billion, will expand Neurocrine's endocrinology and rare-disease portfolio. ---- NHTSA Ends Investigation Into Tesla's Summon Feature The National Highway Traffic Safety Administration closed its investigation into Tesla's "Actually Smart Summon" feature due to the low frequency and severity of reported crashes. ---- Gulf Funds Agree to Back Paramount's $81 Billion Takeover of Warner Commitments from three Middle East entities will help offset costs for the Ellison family. ---- 'Super Mario' Sequel Scores Year's Biggest Movie Opening Universal and Nintendo's animated adaptation is the latest in a string of hit family films. ---- Striking Beef Plant Workers to Resume Work Thousands of striking workers in Colorado agreed to return to work, ending a three-week strike at a slaughter plant owned by JBS, the world's largest meatpacker. (END) Dow Jones Newswires April 06, 2026 23:15 ET (03:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
$1.75 Trillion Valuation: Is Elon Musk's SpaceX rewriting the IPO playbook? - Inside the largest stock market listing plan
SpaceX IPO: Elon Musk's SpaceX has set the stage high for a blockbuster initial public offering (IPO), potentially the biggest stock market listing in history. In a meeting with its team of bankers on Monday night, the company reportedly outlined details of its IPO, revealing about its plans to earmark a large portion of shares for retail investors. SpaceX also plans to host 1,500 of them at an event in June following the IPO roadshow launch.
Rio de Janeiro's gangs hijack buses to sow chaos in war with police
Rio de Janeiro (Brazil) (AFP) - When police killed a drug kingpin in a Rio de Janeiro favela last month, armed men quickly surrounded a bus, forced the passengers to disembark and set it on fire in the middle of an avenue. "They boarded, told me to get the passengers off, and set it ablaze. It happened very fast," 48-year-old driver Marcio Souza told AFP, still shaken by the ordeal. "It was a horrible feeling that I wouldn't wish on anyone." Scenes like this are common in the city of nearly seven million people, which is one of the most visited tourist destinations in the world. Clashes are frequent between police and armed criminal groups that dominate Rio de Janeiro's sprawling favelas. To retaliate, criminals often seize buses in a show of power and use them as barricades to block police patrols and paralyze traffic for hours. This disproportionately affects residents of poor neighborhoods who already face lengthy commutes to work. In October, when Brazil's deadliest police operation left more than 120 people dead as officers clashed with heavily armed gang members, more than 100 buses were hijacked around the city. A high-risk profession A 35-year-old bus driver, using the pseudonym Joao, told AFP how criminals on motorcycles recently assaulted him, snatched his keys and doused his vehicle with gasoline. The police arrived in time to prevent the bus from being torched. "The terror was immense. In that moment, all I could think about was my family, my children. I thought the worst was going to happen," said the father of two girls. He said his family is often "terrified about whether or not I'll make it back safe and sound." Nearly 200 drivers took sick leave last year due to stress and panic attacks, according to Paulo Valente, a spokesperson for Rio Onibus -- which represents the employers of Rio's 14,000 bus drivers. During that same period, 254 buses were used as barricades, more than double the number from the previous year. The trend is striking fear into passengers. "I don't take the bus anymore because it's too dangerous. We pass through several favelas, and lately, there have been a lot of clashes. And the first thing (the criminals) do is stop the buses," said Elisiane, 43, who did not want to give her last name. Monica Correia, a 56-year-old caregiver, said she leaves home three hours earlier than necessary to account for any unforeseen delays. -- Like the 'Gaza Strip' -- Valente told AFP that each hijacking had "a direct impact on the economy," resulting in losses amounting to millions for the bus companies, as well as tarnishing the city's image. "When a bus is used as a barricade, more than 50 others come to a standstill, and just as many are forced to reroute. And for certain routes, there simply is no possible detour." Faced with the escalation in hijackings, authorities are working with Rio Onibus to try minimize the impact, including alerting companies about upcoming police operations. Rio's police did not respond to AFP's requests for comment. During the October police operation, some 500,000 people were unable to complete their journeys, said Valente. Businesses closed and people were sent home early from work. In 2023, President Luiz Inacio Lula da Silva described images of 35 buses set ablaze around the city as "scenes one would expect to see in the Gaza Strip." A recent study showed that nearly 190,000 students were unable to make it to school between 2023 and mid-2025 due to transport disruptions. "Ninety-five percent of schools were affected. Armed violence permeates the lives of the entire population of Rio," said Maria Isabel Couto, a co-author of the study from the Fogo Cruzado Institute, which tracks armed violence in low-income communities. "Armed territorial control has a very significant impact on this disrupted mobility. But the state cannot hide behind that, because it plays a role in the production of this violence and inequality."
Is SpaceX worth $3 trillion? Musk's big IPO explained
The space exploration company controlled by Tesla founder Elon Musk is planning a mega-float in the coming months. Here are the key questions. In the seven and a half years since Apple's market capitalisation broke through the $US1 trillion mark, investors have become accustomed to seeing big tech companies command 13-digit valuations in public markets. There are more on the way. SpaceX, the space exploration company controlled by Tesla founder and the world's richest man, Elon Musk, has signalled it is planning a mega initial public offering in the coming months. Artificial intelligence rivals OpenAI and Anthropic might also go public this year, and their private valuations have already soared into the hundreds of billions of dollars.
Anthropic leak exposes Claude Code source
American AI firm Anthropic, a vocal critic of AI exports to China, accidentally leaked the source code for its Claude Code tool. The leak has sparked significant interest among Chinese developers, who are reportedly eager to study its advanced coding capabilities. This incident follows Anthropic's recent accusation that Chinese companies used fraudulent accounts to siphon data from its AI models. American AI company Anthropic has been one of the most-vocal supporters of banning export of American AI software and hardware to China. So much so that it's CEO Dario Amodei has called China an adversarial nation" on numerous occasions. Like Microsoft-backed OpenAI and Alphabet's Google, Anthropic has not made its services available in mainland China, citing national security concerns. Due to this, China is among the list of countries, along with Russia, North Korea, Afghanistan, Iran and Cuba, where Claude chatbots and AI models are not available. Last week, a security researcher flagged that Anthropic accidentally made the source code for its popular vibe-coding tool, Claude Code, public. The news soon made developers start reposting the code on the developer platform GitHub. It triggered a frenzy among Chinese developers as well. The source code - running more than 512,000 lines and buried deep in the software package - was reportedly spotted and decrypted by software engineer and cybersecurity researcher Shou Chaofan, who then posted it on Twitter. According to a report in South China Post, Chinese developers have been having a field day since the leak. Several Developers in China are said to be scrambling to download copies of the leaked code and poring over the files to learn every detail. What reportedly makes Chinese developers highly enthusiastic about Anthropic's AI models is their advanced coding capabilities. On Chinese forums, many shared what they deemed to be the secret recipe for Claude Code - from its architecture and agent design to memory mechanism, among others. One topic titled the "Claude Code source code leak incident" has more millions of views, with many local developers sharing what they had learned and suggesting how they could make better use of the tool. Though some industry experts claim that the leaked file only included codes for Claude Code, and not the model weights, there is also a view that says the leaked data is still a treasure trove for developers. As Zhang Ruiwang, a Beijing-based IT system architect, told South China Post, "But the code batches are indeed a treasure for AI companies or developers, as they revealed all the key engineering decisions Anthropic made." Anthropic accused Chinese companies of stealing Data from Claude The leak comes just a month after Anthropic said that three Chinese AI companies set up more than 24,000 fraudulent accounts with its Claude AI model to help their own systems catch up. In February, in a blog post, Athropic claimed that three Chinese companies-DeepSeek, Moonshot AI and MiniMax-prompted Claude more than 16 million times, siphoning information from Anthropic's system to train and improve their own products. Anthropic said distillation had legitimate uses-companies use it to build smaller versions of their own products, for example-but it could also be used to build competitive products "in a fraction of the time, and at a fraction of the cost."
Anthropic partners with Broadcom and Google for AI chips
Anthropic on Monday announced a deal with Google and Broadcom for a massive infusion of computing capacity as demand for the startup's artificial intelligence offerings soars. Separately, Broadcom and Google expanded a collaboration to give Anthropic access to about 3.5 gigawatts of TPU-based compute capacity to start coming online next year, the filing indicated. Anthropic on Monday announced a deal with Google and Broadcom for a massive infusion of computing capacity as demand for the startup's artificial intelligence offerings soars. The San Francisco-based AI firm is on pace to bring in some $30 billion in revenue this year, up from a $9 billion "run-rate" at the end of last year, it said in a blog post. "We are making our most significant compute commitment to date to keep pace with our unprecedented growth," Anthropic chief financial officer Krishna Rao said in the blog post. "We are building the capacity necessary to serve the exponential growth we have seen in our customer base while also enabling Claude to define the frontier of AI development." Broadcom has entered a long-term agreement with Google to supply future generations of the internet giant's tensor processing units (TPUs) tailored to power AI in datacenters, according to a filing with the Securities and Exchange Commission. Separately, Broadcom and Google expanded a collaboration to give Anthropic access to about 3.5 gigawatts of TPU-based compute capacity to start coming online next year, the filing indicated. Most of the TPU compute power will be sited in the United States, according to the startup. Anthropic has been locked in a dispute with the US government since the company infuriated Pentagon chief Pete Hegseth by insisting its technology should not be used for mass surveillance or fully autonomous weapons systems.
SpaceX plans outsized retail allocation in record IPO, Reuters reports By Investing.com
Investing.com-- SpaceX is planning an initial public offering with an unusually large allocation for retail investors, in a move that could reshape how major listings are structured, Reuters reported on Monday, citing people familiar with the matter. The Elon Musk-led rocket maker told bankers in a meeting on Monday it intends to reserve a significant portion of shares for individual investors and host about 1,500 of them at a major event in June following the IPO roadshow launch, the report said. Get real-time updates on market-moving news with InvestingPro Chief Financial Officer Bret Johnsen said retail participation would be "a critical part" of the offering and larger than in any IPO to date, reflecting long-standing support from individual investors, according to Reuters. The company is seeking to raise about $75 billion in what could be the largest IPO ever, potentially valuing SpaceX at up to $1.75 trillion, media reports showed previously. SpaceX plans to begin its roadshow in the week of June 8, with analysts from 21 banks scheduled to meet the company ahead of investor presentations. A large retail-focused event is planned for June 11, with participation expected from investors across the United States, Europe, and Asia, Reuters reported. Lead underwriters include Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs. The final structure and allocation are expected to be determined closer to launch, the report added.
SpaceX lays out IPO details, targets early June roadshow, sources say
SpaceX outlined details of its highly anticipated initial public offering at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the company's IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that."
SpaceX plans outsized retail allocation in record IPO, Reuters reports By Investing.com
Investing.com-- SpaceX is planning an initial public offering with an unusually large allocation for retail investors, in a move that could reshape how major listings are structured, Reuters reported on Monday, citing people familiar with the matter. The Elon Musk-led rocket maker told bankers in a meeting on Monday it intends to reserve a significant portion of shares for individual investors and host about 1,500 of them at a major event in June following the IPO roadshow launch, the report said. Get real-time updates on market-moving news with InvestingPro Chief Financial Officer Bret Johnsen said retail participation would be "a critical part" of the offering and larger than in any IPO to date, reflecting long-standing support from individual investors, according to Reuters. The company is seeking to raise about $75 billion in what could be the largest IPO ever, potentially valuing SpaceX at up to $1.75 trillion, media reports showed previously. SpaceX plans to begin its roadshow in the week of June 8, with analysts from 21 banks scheduled to meet the company ahead of investor presentations. A large retail-focused event is planned for June 11, with participation expected from investors across the United States, Europe, and Asia, Reuters reported. Lead underwriters include Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs. The final structure and allocation are expected to be determined closer to launch, the report added.
Insurers pull out as Hormuz Strait chaos deepens, Trump's threats continue
Saying that the Strait of Hormuz is closed is not strictly true. It is open, but only for those willing to run the gauntlet in a dangerous real-life version of the old arcade game Frogger where, even when the passage appears clear, there's a risk of something appearing to wipe you out. This is why Donald Trump's Truth Social post on Sunday night, which threatened to destroy Iran's bridges and power plants on Tuesday (Wednesday US time), unless the regime unblocks the strait, rang of desperation. The US President, despite being in control of far-superior combined US and Israeli forces that have destroyed most of Iran's military infrastructure and firepower over recent weeks, and which far outguns the regime's Revolutionary Guard Corps, dropped the f-bomb on social media because he has been unable to prise it open. The chokepoint is barely 33 kilometres wide at its narrowest point, Iran sits along its northern banks and the regime has fortified coastal positions, islands and inlets over decades in anticipation that, one day, it would be attacked and feel forced to trigger global havoc. According to the Australian Naval Institute, the size of Iran's navy ranked somewhere from 18th to 37th globally, such is the secretive nature of some countries, and was comprised mostly of small, fast-attack boats, submarines and auxiliary measures like mines and missiles designed more for deterrence in and around the Persian Gulf than ocean warfare. There's also not much left of it. But Iran does not need to win a conventional naval war to close the strait but only be, as it is, disruptive and threatening. Its first aim was achieved early when maritime insurers yanked coverage for vessels traversing through the waters following the US-Israel attack on February 28. The next objective was not to stop every ship, but to make the passage uncertain for any ship. It has successfully done this using its house specialty of asymmetric warfare, which means that in a conflict between two sides with significantly different scales of military resources, the small dog in the fight that cannot win going toe-to-toe uses more unconventional methods, from guerilla tactics to cyberattacks, to try to best the bigger dog. Iran uses those small and fast vessels to dart in and out in surprise attacks or to surround ships and force them to divert. It uses sea mines that are either already bobbing in the water or which can be deployed quickly from those vessels. The regime can also conceal themselves by using commercial vessels to drop mines, a maneuver nearly impossible to stop, and one that adds a further layer of danger to the situation with fear that any commercial vessel can be armed to the gills. The regime does not even necessarily want or need to disguise or hide the mines given it is labor-intensive work to locate them and, when they are found, the clean-up mission can take hours, if not days. The simple fact they are being found means insurers will not start to offer cover again. Those fortified coastal and island positions come into play because the IRGC has stocked them with a spider web of fixed and mobile, truck-mounted ground to ship missiles and other weaponry. The rugged and cluttered terrain reportedly makes them difficult for the Western forces, even using drones, satellite and radar, to spot and destroy. They can be fired and moved quickly or, if destroyed, there is apparently a stockpile of replacements stashed about the place. The Iranians are also using drones to carry explosives and harass ships or using them as decoys to draw enemy attention to allow breathing room for the missiles to perhaps not be intercepted. Combine these tactics and the Strait becomes too risky for commercial shipping companies, one image in the media of a ship on fire or a near-miss from a drone or mine worth a thousand words. The US and Israel have so far been unable to remove these risks and they cannot provide an escort for every vessel wanting to move through the Strait. Because, clearly, given the pressure being poured on the US and Israel by the international community and, particularly President Trump within America over rising fuel and living costs - if they could, they would. It is why the President late last week told nations wanting shipping to re-open to roll up their sleeves and do it themselves. But they refused to entertain that idea and so he took to Truth Social to say: "Tuesday will be Power Plant Day, and Bridge Day, all up wrapped up in one, in Iran". "There will be nothing like it!!! Open the F***kin' Strait, you crazy bastards, or you'll be living in Hell - JUST WATCH!," he wrote. Meanwhile, in Tehran, the Strait is seen as the last of the skin the regime has in the game and, while it likely acknowledges internally that it cannot seal it up indefinitely, long enough is all it needs while waiting for the right deal to come along.
'Chaos in the criminal process': Tyler Robinson prosecution opposes motion to postpone May hearing
PROVO, Utah (ABC4) -- Previously, the defense team for Tyler James Robinson, accused of killing political influencer Charlie Kirk on Utah Valley University campus, filed a motion asking the court to push back hearings so that they could review evidence. The prosecution team has since filed a motion, arguing that the defense team has enough evidence. Robinson, 22, has been charged with one count of aggravated murder and several other felonies for allegedly shooting and killing Charlie Kirk at Utah Valley University. He is facing the death penalty and has been involved in extensive court proceedings related to this case. Preliminary hearings are currently scheduled for May 18, 19, and 22. However, on March 30, Robinson's defense team filed a motion asking the court to postpone or vacate the May 18 hearing. The defense team argued that they had not yet received the prosecution's evidence and would need significant time to review it once received. The evidence reportedly includes witness testimony, phone and social media data, and forensic DNA and ballistics reports that may indicate that the bullet recovered during Kirk's autopsy cannot be linked to a rifle tied to Robinson. Late Friday night, the prosecution filed a memorandum in opposition to the defense's motion to postpone the hearings. In that memorandum, the prosecution states, "As of April 1, 2026, counsel for the state had provided approximately 100% of discoverable material in its possession to the defense. In other words, the defense has what the state has." The prosecution also argues that the defense has had plenty of time to review the evidence and that most of it, with a few exceptions, has been available for at least six months prior to the May 18 hearing. Additionally, the prosecution argues that a preliminary hearing is just that, preliminary. They reportedly do not have a legal obligation to provide the expert's findings before a hearing, only just before trial. "This distinction matters because, at the stage of a preliminary hearing, investigation and expert discoveries are often incomplete," the prosecution's memorandum states. "Detectives and analysts may be continuing their investigations, reducing them to writing, finalizing them, and approving them for dissemination." In their memo, the prosecution argues that the defense team's motion "would create chaos in the criminal process," by requiring the state to complete all expert investigation before the hearing or delay all additional investigation until after the hearing. "The fact that the rules expressly anticipate ongoing investigation and discovery, especially expert discovery, demonstrates the flaw in Defendant's position," the memorandum reads, later stating, "Defendant's preferred analysis puts the cart before the horse by attaching late-stage rights to one of the earliest stages of the proceedings." At this time, the court has not decided whether to postpone the May 18 hearing. Robinson's next hearing is scheduled for April 17, where it is expected that the parties will discuss a recently filed motion to bar all media photographers, cameras, and microphones from the courtroom.
SpaceX targets record IPO with massive retail allocation, June roadshow
SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported. Also Read Stock Market LIVE: GIFT Nifty indicates negative open; Asia markets trade mixed; Brent above $110 Market Close: Sensex rises for 3rd day, up 787 pts, Nifty tops 22,950 on US-Iran ceasefire hopes Om Power Transmission IPO opens April 9; sets price band at ₹166-175 IPO-bound Pride Hotels eyes premiumisation amid strong travel demandpremium Big banks seeking a piece of spacex's IPO must subscribe to Musk's grok The Elon Musk-led company plans to launch its roadshow the week of June 8, when executives and bankers will pitch the IPO to investors, the people said. About 125 financial analysts from the 21 banks on the deal are scheduled to meet with the company the day before, they added. On June 11, SpaceX plans to host 1,500 retail investors at what the people described as a major investor event. In addition to the US, everyday retail investors in the UK, EU, Australia, Canada, Japan and Korea would have the opportunity to participate in the offering, the people added. One of SpaceX's lead underwriters told the group of 21 investment banks the retail demand and allocation will be something they've "never seen before," the two people said. The structure of the deal and precise amount of the retail allocation are expected to be finalized closer to the IPO launch, they said. Reuters previously reported that founder Elon Musk wanted to set aside up to 30 per cent of the company's shares for smaller investors, compared with 5 per cent to 10 per cent for most companies. The company plans to make its IPO prospectus public in late May, they said. SpaceX did not immediately respond to a request for comment. Morgan Stanley, Bank of America, Citigroup, JP Morgan and Goldman Sachs are leading the deal as active bookrunners, with 16 other banks in smaller roles spanning institutional, retail and international channels, Reuters previously reported. The $1.75 trillion target represents a significant step up from the $1.25 trillion combined valuation set when SpaceX merged with Musk's artificial intelligence startup xAI in February. Typically, SpaceX's roughly twice-yearly tender offers in which employees and investors are able to sell their existing shares, allowing them to cash out from a company that has remained private for nearly 25 years have served as the primary valuation anchor. The most recent, in December 2025, valued the company at $800 billion, before the merger with xAI. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) More From This Section Trump threatens to jail journalists who reported on pilot rescue from Iran Nasa's Artemis II crew heads back to Earth after record trip around Moon Trump's threat on Iran energy infra could be considered war crime: Experts North American oil in demand as world grasps for supplies amid Iran war Venezuela's Rodríguez still in power beyond her initial 90-day appointment
Broadcom's Google And Anthropic AI Deals Deepen Custom Chip Reliance
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. * Broadcom (NasdaqGS:AVGO) has signed multi-year AI chip and infrastructure agreements with Google and Anthropic. * The deals run through 2031 and cover exclusive custom silicon design and supply for next generation AI platforms. * The arrangements include AI accelerators and networking hardware that support large scale AI workloads. For investors watching AI infrastructure, this positions Broadcom, a major provider of custom chips and networking gear, closer to the core of how large models are trained and deployed. As hyperscalers and AI startups look for more efficient alternatives to general purpose GPUs, custom silicon is becoming a bigger part of the hardware stack. These agreements extend for several years, which can give Broadcom clearer visibility into future AI related demand and capacity planning. For you, the key questions are how reliably Broadcom executes on these commitments and how much of the broader AI hardware budget may shift toward custom accelerators over time. Stay updated on the most important news stories for Broadcom by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Broadcom. 📰 Beyond the headline: 2 risks and 4 things going right for Broadcom that every investor should see. These long-term agreements with Google and Anthropic deepen Broadcom's role as a custom AI chip and networking supplier to large cloud customers, and they sit alongside recent wins in government software and ongoing AI-related guidance. For you, the key takeaway is that Broadcom is tying its future more closely to a handful of large AI buyers that want contract-specific AI accelerators, rather than just selling standard components into a broad market. That can support planning and utilization of Broadcom's AI-focused capacity through 2031, but it also concentrates exposure around a small group of customers and their own AI investment decisions. How This Fits Into The Broadcom Narrative
SpaceX plans outsized retail allocation in record IPO, Reuters reports By Investing.com
Investing.com-- SpaceX is planning an initial public offering with an unusually large allocation for retail investors, in a move that could reshape how major listings are structured, Reuters reported on Monday, citing people familiar with the matter. The Elon Musk-led rocket maker told bankers in a meeting on Monday it intends to reserve a significant portion of shares for individual investors and host about 1,500 of them at a major event in June following the IPO roadshow launch, the report said. Get real-time updates on market-moving news with InvestingPro Chief Financial Officer Bret Johnsen said retail participation would be "a critical part" of the offering and larger than in any IPO to date, reflecting long-standing support from individual investors, according to Reuters. The company is seeking to raise about $75 billion in what could be the largest IPO ever, potentially valuing SpaceX at up to $1.75 trillion, media reports showed previously. SpaceX plans to begin its roadshow in the week of June 8, with analysts from 21 banks scheduled to meet the company ahead of investor presentations. A large retail-focused event is planned for June 11, with participation expected from investors across the United States, Europe, and Asia, Reuters reported. Lead underwriters include Morgan Stanley, Bank of America, Citigroup, JPMorgan, and Goldman Sachs. The final structure and allocation are expected to be determined closer to launch, the report added.
UPDATE: Federal Court Enjoins Trump Administration's Anthropic Ban For Government Contractors
with readers working within the Aerospace & Defence, Business & Consumer Services and Pharmaceuticals & BioTech industries Taft's prior alert addressed the Trump administration's directives barring federal contractors from using Anthropic and its Claude platform in performing federal government contracts and subcontracts. On March 26, the U.S. District Court for the Northern District of California entered a preliminary injunction against the government's enforcement of those directives. Judge Rita F. Lin concluded that Anthropic had demonstrated a likelihood of success on the merits of its claims, and that it was suffering irreparable harm from the challenged actions pending final resolution of the litigation. Background The dispute arose from Anthropic's refusal to permit unrestricted government use of Claude for mass surveillance of Americans and for lethal autonomous weapons systems, applications that Anthropic maintained the technology was not yet safely capable of supporting. The government's response extended beyond simply selecting alternative vendors. The President directed all federal agencies to immediately cease use of Anthropic's products. Secretary Hegseth directed the Department of Defense to designate Anthropic a supply chain risk to national security under 10 U.S.C. § 3252, and further ordered that no military contractor, supplier, or partner could conduct commercial activity with Anthropic. The Court's Analysis The court found that the record supported a plausible inference that the challenged actions were undertaken not to address legitimate operational concerns, but to penalize Anthropic for publicly disclosing its position in the contracting dispute. The Department of Defense's own internal memorandum identified Anthropic's engagement with the press as the basis upon which its risk level escalated. The court therefore concluded that the government's actions far exceeded what any operational concern would require and was consistent with viewpoint-based retaliation prohibited by the First Amendment. The court also found that both the Hegseth Directive and the Supply Chain Designation were likely in excess of statutory authority, contrary to law, and arbitrary and capricious. Section 3252 was designed to address covert acts of sabotage and subversion of national security systems, not overt positions taken by vendors during commercial negotiations. The congressional notification letters required by the statute contained no discussion of whether less intrusive measures were considered, as the statute expressly requires. The court further noted that the administrative record supporting the designation was generated almost entirely within a two-day window, and that the day after the designation was finalized, the Department of Defense's Under Secretary informed Anthropic's Chief Executive that the parties remained "very close" on contract terms. Implications for Contractors The preliminary injunction suspends enforcement of the challenged actions while the litigation proceeds. Contractors should nonetheless approach this development with measured caution. The government has been granted a seven-day administrative stay to seek emergency relief from the Ninth Circuit, and further appellate proceedings are anticipated. The injunction does not require the government to procure or use Anthropic's products; it prohibits only active enforcement of the ban and the associated contractor blacklist. For contractors managing their AI procurement strategies, the court's analysis under Section 3252 is of particular significance. If the court's reasoning is sustained on appeal, the supply chain risk designation process under that statute will be understood to have a narrower scope than the government has recently asserted, which would limit the executive's ability to employ that mechanism as leverage against vendors engaged in public policy disputes with the Administration. Taft will continue to monitor this matter and will provide further guidance as appellate proceedings develop. Questions regarding the impact of this decision on contracting postures or AI strategy should be directed to Taft's Government Contracts or Privacy, Security, & AI teams. The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
Exclusive-SpaceX lays out IPO details, targets early June roadshow, sources say
NEW YORK, April 6 (Reuters) - SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported. The Elon Musk-led company plans to launch its roadshow the week of June 8, when executives and bankers will pitch the IPO to investors, the people said. About 125 financial analysts from the 21 banks on the deal are scheduled to meet with the company the day before, they added. On June 11, SpaceX plans to host 1,500 retail investors at what the people described as a major investor event. In addition to the U.S., everyday retail investors in the UK, EU, Australia, Canada, Japan and Korea would have the opportunity to participate in the offering, the people added. One of SpaceX's lead underwriters told the group of 21 investment banks the retail demand and allocation will be something they've "never seen before," the two people said. The structure of the deal and precise amount of the retail allocation are expected to be finalized closer to the IPO launch, they said. Reuters previously reported that founder Elon Musk wanted to set aside up to 30% of the company's shares for smaller investors, compared with 5% to 10% for most companies. The company plans to make its IPO prospectus public in late May, they said. SpaceX did not immediately respond to a request for comment. Morgan Stanley, Bank of America, Citigroup, JP Morgan and Goldman Sachs are leading the deal as active bookrunners, with 16 other banks in smaller roles spanning institutional, retail and international channels, Reuters previously reported. The $1.75 trillion target represents a significant step up from the $1.25 trillion combined valuation set when SpaceX merged with Musk's artificial intelligence startup xAI in February. Typically, SpaceX's roughly twice-yearly tender offers -- in which employees and investors are able to sell their existing shares, allowing them to cash out from a company that has remained private for nearly 25 years -- have served as the primary valuation anchor. The most recent, in December 2025, valued the company at $800 billion, before the merger with xAI. (Reporting by Echo Wang in New YorkWriting by Dawn Kopecki; Editing by Shri Navaratnam)
SpaceX to begin roadshow for mega IPO in early June
SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter. "Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private. Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that." Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering. The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported. The Elon Musk-led company plans to launch its roadshow the week of June 8, when executives and bankers will pitch the IPO to investors, the people said. About 125 financial analysts from the 21 banks on the deal are scheduled to meet with the company the day before, they added. On June 11, SpaceX plans to host 1,500 retail investors at what the people described as a major investor event. In addition to the U.S., everyday retail investors in the UK, EU, Australia, Canada, Japan and Korea would have the opportunity to participate in the offering, the people added. One of SpaceX's lead underwriters told the group of 21 investment banks the retail demand and allocation will be something they've "never seen before," the two people said. The structure of the deal and precise amount of the retail allocation are expected to be finalized closer to the IPO launch, they said. Reuters previously reported that founder Elon Musk wanted to set aside up to 30% of the company's shares for smaller investors, compared with 5% to 10% for most companies. The company plans to make its IPO prospectus public in late May, they said. SpaceX did not immediately respond to a request for comment. Morgan Stanley, Bank of America, Citigroup, JP Morgan and Goldman Sachs are leading the deal as active bookrunners, with 16 other banks in smaller roles spanning institutional, retail and international channels, Reuters previously reported. The $1.75 trillion target represents a significant step up from the $1.25 trillion combined valuation set when SpaceX merged with Musk's artificial intelligence startup xAI in February. Typically, SpaceX's roughly twice-yearly tender offers -- in which employees and investors are able to sell their existing shares, allowing them to cash out from a company that has remained private for nearly 25 years -- have served as the primary valuation anchor. The most recent, in December 2025, valued the company at $800 billion, before the merger with xAI.
NEWS FROM THE FUTURE | SpaceX launches Moon taxi
It's fun to go away for a summer holiday, and what better, more exotic place than the moon? That's assuming you can afford the fare. For the well-heeled, it has become possible to take that once-in-a-lifetime trip to the moon, and back, courtesy of SpaceX. SpaceX has announced it is opening bookings for round-trips to the moon, including landing on the surface and a short moon walk. After the successful powered landing of the Falcon 9 rocket in 2015, SpaceX was quick to ramp up its capabilities for reusable space craft. Within months the "grocery truck" cargo ship sent to the International Space Station (ISS) was returning under its own steam (powerful thrusters) to bring back the garbage. Watching a space capsule gracefully return to the launch pad for another trip looked like science fiction at first, but it soon became routine, even boring. Next on the list was ferrying astronauts to the ISS and back. Then came space tourists, bidding for the few available places to visit the ISS. The business of space tourism rocketed upwards with the construction of the "Palace of the Sky", an orbiting hotel built by China. Adventurous travellers and wealthy newlyweds have kept occupancy at 100%. It's so easy to get there with SpaceX. Now SpaceX has taken another quantum leap into the future. Dubbed the Moon Taxi, its latest rocket features four stages, including the lander, which also brings you safely back to Earth. /First published in Mindbullets April 15 2015. Dateline: June 12 2029 For a long time, international astronauts and would-be space tourists had only one destination available in orbit, the International Space Station, or ISS. Now there's another one, China's Heavenly Palace. Interest in space travel surged in the early 2020s, when SpaceX successfully delivered astronauts to the ISS using its reusable rockets, and promises of private flips to orbit and trips around the moon filled the Twittersphere. Now that private companies were in the human space flight business, surely almost any dream could be fulfilled. As the second biggest gorilla on the global stage, China always had ambitions to be top-ranked, and in space too. With the successful development of itsLong March 5B heavy-lift rocket, plans for a serious Chinese space station were accelerated and the first module, called Tianhe 1, placed into orbit in 2021. With typical speed, Tiangong (Heavenly Palace) was ready for its first astronaut sojourn within three years. As China's economy and global influence boomed on Earth, so did its presence in space, and the addition of expansion modules allows Tiangong to house eight people for up to six months. In keeping with China's strengthening international links, astronauts from other space agencies were given access. Now China has indicated it is willing to consider space tourists visiting its palace in the sky. Already equipped with international docking gates, the space station could be your out-of-this-world weekend getaway, if you can afford the space fare. SpaceX is happy to provide the ride. /First published in Mindbullets June 10 2020.
