SpaceX stock closes below debut price at $148 in two-day slide after Nasdaq-100 inclusion
SpaceX’s record IPO raised a total of $85.7 billion after underwriters exercised the “greenshoe” overallotment.
Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation
The investor believes regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks of sportsbooks.
Bezos’ Blue Origin valued at $130 billion in first outside fundraising round
Bezos’ Blue Origin is raising outside capital in a round valuing the rocket company at $130 billion, sources told CNBC’s Andrew Ross Sorkin.
Apple commits $30 billion to Broadcom for U.S. chipmaking push
Apple is expanding its Broadcom partnership in a $30 billion-plus chipmaking agreement, its largest American manufacturing commitment to date.
10-year Treasury yield climbs to 4.57% as jumping oil prices reignite inflation fears
Treasury yields surged after President Donald Trump told the NATO summit that the ceasefire with Iran is over.
Singapore’s Temasek boosts China exposure by $7.7 billion, biggest rise in five years, in AI-driven pivot
Temasek is repositioning its China portfolio toward AI-related hardware and infrastructure, robotics, biotech, energy transition.
SambaNova hits $11 billion valuation as investors back Nvidia chip challengers
SambaNova is valued at $11 billion after fresh financing led by General Atlantic, as AI chip startups look to challenge Nvidia.
Trump pours cold water on NATO allies’ united front
Trump criticized NATO allies over defense spending, attacked Spain and renewed his Greenland push during the alliance’s summit in Turkey.
China warns about AI risks with Anthropic’s Claude Code
China said specific versions of Claude Code posed back-door vulnerabilities that could send sensitive information to a remote server.
This former Apple executive is betting on Shenzhen, not Silicon Valley, to create the ‘next Apple’
Startups building consumer electronics will have a better shot at becoming the next Apple in Shenzhen than in Silicon Valley, said Will Wang, CEO of China’s smart-glasses startup.
