The SpaceX facility and a Falcon 9 rocket booster are shown, as the company prepares to file for an initial public offering (IPO), in Hawthorne California, U.S., April 23, 2026. Mike Blake | Reuters Elon Musk‘s SpaceX will need to achieve at least two of its three “moonshots” to justify its huge valuation, a former…
How retail investors are prepping for SpaceX IPO Retail investors have dumped artificial intelligence plays ahead of SpaceX’s IPO, according to VandaTrack. The market data provider said individual traders have pulled back on AI-related names such as Micron, Advanced Micro Devices and Marvell Technology. Vanda said small traders may be shoring up money to play…
SpaceX didn’t just rewrite the playbook for aerospace and defense, it helped birth a new space economy. Now Elon Musk’s company is tackling a different type of moonshot: going public. “I wasn’t sure we would go public,” SpaceX Chief Operating Officer Gwynne Shotwell told CNBC in an exclusive interview, just before the company started its…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Thursday. Don’t miss an exclusive interview with Prometheus Co-Founders & Co-CEOs Jeff Bezos and Vik Bajaj at 10 a.m. ET. Watch the interview live from the startup’s San Francisco headquarters on CNBC or CNBC+. Stock futures are rising this morning after…
Google CEO Sundar Pichai speaks during a keynote address at Google I/O on May 19, 2026 in Mountain View, California. Benjamin Fanjoy | Getty Images As OpenAI steers away from the consumer focus that made ChatGPT a household name, Google and Apple are rolling out a slew of new consumer AI offerings, trying to show…
Protesters gather with banners and placards outside the offices of Google Deepmind at a protest organized by PauseAI UK and other groups concerned in controlling the development of advanced Artificial Intelligence systems, in London on February 28, 2026. (Photo by JUSTIN TALLIS / AFP via Getty Images) Justin Tallis | Afp | Getty Images With…
Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. Stocks moved higher Thursday as a rebound in semiconductor names helped investors look past escalating tensions between the U.S. and Iran and a hotter-than-expected wholesale prices report . The…
CEO of OpenAI Sam Altman walks through the Hart Senate Office Building, following meetings on Capitol Hill, in Washington, D.C., U.S., June 3, 2026. Evelyn Hockstein | Reuters OpenAI on Thursday announced it will acquire Ona, a startup that provides secure, pre-configured cloud environments where artificial intelligence agents can access tools, systems and context. Ona’s…
Waymo robotaxi driven by a safety specialist is seen on Centre Street on April 9, 2026 in New York City. Michael M. Santiago | Getty Images Waymo is launching a new subscription tier called Waymo Premier, targeting avid users in some of the most popular markets for the robotaxi service. The Alphabet-owned company said in…
The SpaceX initial public offering is about to test whether Wall Street needs a new playbook. The company, which starts trading on Friday, has a business that doesn’t cleanly fit into the categories investors usually use. Elon Musk’s space firm isn’t just a rocket company, or satellite internet company, or traditional defense contractor. The better…