News
Eyeing valuation jump, investors prep bids for chip giant CXMT’s $8.6 billion IPO
2+ hour, 46+ min ago (785+ words) By Summer Zhen and Samuel Shen HONG KONG, July 15 (Reuters) – Chinese investors seeking shares in CXMT’s $8.6 billion IPO are betting the Chinese chipmaker’s valuation will soar as much as 10-fold after its Shanghai debut on the back of an AI-led…...
AI startup Reflection signs over $1 billion computing deal with Nebius
1+ day, 17+ min ago (216+ words) July 14 (Reuters) – AI startup Reflection said on Tuesday it has signed a more than $1 billion deal to secure computing capacity from Nebius, including access to Nvidia’s latest chips. The move builds on Reflection’s June agreement with SpaceX for computing capacity,…...
SpaceX clears Starship mishap probe before next test flight this week | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County
1+ day, 16+ hour ago (501+ words) WASHINGTON, July 13 (Reuters) – The U.S. Federal Aviation Administration on Monday closed its review into a SpaceX Starship booster’s return failure that occurred during a flight test in May, clearing the way for Elon Musk’s company to launch the rocket’s next…...
SpaceX’s near-term AI payoff seen tethered to Earth, not outer space
4+ day, 22+ hour ago (631+ words) July 10 (Reuters) – Elon Musk may have pitched a future where space powers AI, but Wall Street analysts say SpaceX’s near-term value remains firmly tethered to Earth, where it is building out the infrastructure underpinning the AI boom. Infrastructure providers, particularly…...
Shein’s secretive founder Sky Xu faces biggest public test with Hong Kong IPO
4+ day, 21+ hour ago (667+ words) By Kane Wu, Helen Reid and Julie Zhu HONG KONG/LONDON, July 10 (Reuters) – Shein’s high-profile stock market listing may force its secretive founder and CEO, Sky Xu, to finally come out of the shadows. The fast-fashion giant secured approval for…...
Meme ETF rally leaves many underwater | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County
5+ day, 2+ hour ago (683+ words) NEW YORK, July 10 (Reuters) – Investors chasing market themes are learning a familiar lesson: a hot investment doesn’t necessarily make for a profitable one. The Roundhill Meme Stock ETF is up about 35% this year, including a 3.5% rise on Thursday, driven by…...
Pioneering aviator and astronaut trainee Wally Funk dead at 87
5+ day, 11+ hour ago (633+ words) July 9 (Reuters) – Wally Funk, the trailblazing aviator who became the oldest person to fly to space some 60 years after first undergoing astronaut training with 12 other American women at the dawn of the Space Age, has died in Texas at age…...
AI selloff drives quant funds’ worst performance since August
5+ day, 21+ hour ago (353+ words) By Nell Mackenzie and Amanda Cooper LONDON, July 9 (Reuters) – Some hedge fund managers have in recent weeks posted their worst trading results in almost a year, as many got caught in crowded trades amid highly volatile markets, according to Goldman…...
Space station bioprinting experiment advances quest for lab-grown tissues, company says
6+ day, 4+ min ago (534+ words) July 9 (Reuters) – A biotechnology company says it has successfully used its 3D bioprinter aboard the International Space Station to manufacture structures containing human liver, kidney and cartilage cells, a step it believes could eventually aid production of transplantable tissues in orbit....
SpaceXAI launches Grok 4.5 model for coding, agentic tasks
6+ day, 15+ hour ago (330+ words) July 8 (Reuters) – SpaceXAI on Wednesday launched the Grok 4.5 AI model, calling it the company’s most intelligent offering to date designed for coding and agentic tasks. Here are some details: • SpaceXAI said Grok 4.5 was trained across tens of thousands of Nvidia…...