Steve Eisman has a simple way to explain why SpaceX is the most absurd stock in America: its revenues are roughly equal to those of the company that makes Froot…
Read article →At once precise and almost poetic, the phrase “irrational exuberance” so perfectly captured a market phenomenon—the investor sentiment that creates a stock market bubble—that it entered the business lexicon almost…
Read article →Elon Musk’s rocket company SpaceX made him a trillionaire—the first on the planet. The historic IPO of the company earlier this month, which aims to make humanity a spacefaring civilization,…
Read article →At 9 a.m. Eastern Time on June 29, the price of Bitcoin (1 BTC) is $59,860.62. That marks a $176.46 decrease from yesterday morning—and approximately a $48,500 fall compared with…
Read article →At 9 a.m. Eastern Time on June 29, the price of Ethereum (1 ETH) is $1,573.67. That marks a $4.46 decrease from yesterday morning—and approximately a $927 fall compared with…
Read article →Comcast is planning to split itself into two publicly traded companies, one focused on media that would include NBCUniversal and Sky and the other focused on broadband and wireless services.…
Read article →Strategy is shifting strategies as the Bitcoin behemoth seeks to quell fears over its financial health. On Monday, the company announced that it may sell up to $1.25 billion in…
Read article →Welcome to this week’s Fortune Gulf Brief. We’ll be covering: Gulf bonds continue to rally despite geopolitical challenges Iraq’s new PM rolls out the red carpet for U.S. companies U.S. Fanatics bets on…
Read article →A single large AI data center now consumes as much electricity as a city of 80,000 people. The companies building them are putting up hundreds simultaneously, in places the grid…
Read article →The Premier Lacrosse League is adding actors Rob Mac and Glen Powell among the investors of a $100 million financing round that represents the largest capital raise in the history of professional lacrosse. Recommended…
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