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SpaceX Reportedly Lowers IPO Valuation Target
SpaceX Reportedly Lowers IPO Valuation Target
SpaceX is targeting a valuation of at least $1.8 trillion in its upcoming initial public offering, Bloomberg reported, citing people familiar with the matter. This is below an earlier goal of more than $2 trillion.
In practice, the initial IPO valuation target is a marketing range, not a final number. Therefore, any valuation shifts ahead of the trading day would not be unusual. This suggests advisers are calibrating the deal to what investors are willing to absorb, especially given the massive proposed raise of...
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Jun 12, 2026 / Tyler Durden
The Most Important AI Experiment You've Never Heard Of
The Most Important AI Experiment You've Never Heard Of
Authored by Kay Rubacek via The Epoch Times,
In May 2026, a group of scientists set out to answer an important question that had never been properly tested: What does artificial intelligence (AI) actually do when it is put in charge?
Until now, AI systems have always been evaluated on specific and defined tasks. Nobody had placed multiple AI systems together in a shared social environment and watched what unfolded over weeks, long enough to measure how a decision made on a starting...
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Apr 7, 2026 / Tyler Durden
Trump Endorses Steve Hilton In California Gubernatorial Primary
Trump Endorses Steve Hilton In California Gubernatorial Primary
Authored by Dave Mason via The Center Square,
President Donald Trump has endorsed former Fox News anchor Steve Hilton in California’s Republican gubernatorial primary.
Trump picked Hilton over the other prominent GOP candidate – Riverside County Sheriff Chad Bianco, who is an outspoken Trump supporter.
Sunday night’s endorsement on social media comes as Democrats face the risk of being shut out of the general election for the first time in the Golden State’s history.
Besides the two Republicans, there are eight prominent Democratic candidates. Under California law, the two candidates with the highest number of...
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Jun 28, 2026 / Dave DeCamp
Report: Israel Reviving Gaza Ethnic Cleansing Plan, Rebranding It as ‘Free Movement Plan’
The Israeli government is seeking to revive its push for the ethnic cleansing of Gaza and is rebranding the plan in an attempt to gain international support, according to reports from Israeli media. Citing Israel’s Channel 13, The Times of Israel reported that Israeli security officials have been told to stop calling the plan “voluntary […]
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