Elon Musk

Finance

Charles Schwab Says Retail Investing Boom Powered by More Than SpaceX IPO Trading Bump

Photo via Weston Hancock/ZUMAPRESS/Newscom

Customers opened 1.4 million new brokerage accounts in the quarter and daily average trades hit a record 11.9 million.

2 min read

Photo via Yichuan Cao/Sipa USA/Newscom

Finance

PayPal Unlikely to Bite on ‘Low-Ball’ $53B Offer from Stripe, Advent

Despite its recent struggles, PayPal still has a massive 439 million consumer accounts while Stripe’s customers are mostly merchants.

2 min read
Photo by SpaceX via Unsplash

ETF Upside

Thematic ETFs Boosted by SpaceX IPO Lose Altitude

Morningstar’s Kenneth Lamont said thematic ETFs “appeal to investors’ worst instincts.”

2 min read
Photo by Brandon Karaca via Unsplash

Technology

Budget Carrier Frontier Joins Fleet of Airlines Offering Starlink-Powered Wi-Fi

In its IPO prospectus, SpaceX said that Starlink accounted for just over 60% of its $18.7 billion in revenue last year.

1 min read

Artificial Intelligence

Will Apple’s Lawsuit Crush OpenAI’s Smartphone Dreams?

Photo via Jens Schicke/picture alliance / SZ Photo/Newscom

Apple is accusing the ChatGPT developer of stealing trade secrets and hardware designs to bolster its development of an AI-fueled smartphone.

2 min read

Finance

SpaceX Draws Hordes of Investors, Some Unlikely or Unknowing

Photo via World Economic Forum / Avalon/Newscom

SpaceX is expected to set aside 20% of its shares for retail buyers who’ve placed bids for more than $100 billion worth of shares.

2 min read

Banking

Anthropic Raises Stakes in Wall Street’s IPO Gold Rush

Photo by Robb Miller via Unsplash

In March, The Information reported that bankers involved in taking the company public expect it to raise a monstrous $60 billion in its IPO.

2 min read

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