Bitcoin News·
Elon Musk’s SpaceX raised $25 billion in its first-ever corporate bond sale, drawing nearly $90 billion in investor orders, less than two weeks after the company’s record-setting initial public offering (IPO). A Heavily Oversubscribed Debut SpaceX priced $25 billion of investment-grade notes on June 23, in what ranks as one of the largest debut corporate […]
Read full articleSpaceX's IPO volatility highlights the risks of high valuations, impacting investor strategies and potentially reshaping market dynamics. The post SpaceX faces valuation swings after record-setting IPO debut appeared first on Crypto Briefing.
Why is XRP stuck even as Ripple lands JPMorgan settlement work and IPO buzz? The answer is the gap between Ripple, RLUSD and XRP demand.
Agility Robotics IPO Agility Robotics announced it plans to go public through a merger with special purpose acquisition company Churchill Capital Corp XI in a deal that values the humanoid robot developer at $2.5 billion and is expected to provide more than $620 million in gross proceeds. According to Agility, the transaction includes approximately $420 […]
The AI IPO tsunami on the stock market has only recently gotten under way, with SpaceX’s more-than-$2 trillion IPO likely to be followed in several months by OpenAI’s and Anthropic’s IPOs — each of which is likely to hit $1 trillion. That will mint three new trillion-dollar AI companies in a matter of months, all of which compete with Microsoft. Wall Street has never seen anything like it. Previously, the most money raised by all IPOs in a single year was $671 billion in 2021. It took 38,644 deals to get to that figure. Compare that to three deals this year that by themselves will likely total $4 trillion. The numbers are eye-popping. For Microsoft though, it’s not the numbers themselves that are important. It’s what will happen to the company once it as three newly minted trillion-dollar AI competitors. Until recently, when it came to AI, Microsoft was king of the hill. But can it keep that place? Microsoft’s weakened position The IPOs come at a particularly fraught time for Microso
The writer who coined the word ‘enshittification’ tells us why AI will never deliver what it promises – and why it still appeals so much to those in power A “centaur”, in automation theory, is a person assisted by a machine, and a “reverse centaur”, hero of Cory Doctorow’s new book, The Reverse Centaur’s Guide to Life After AI, is a “human who is conscripted into acting as an assistant to a machine”. Every warehouse worker who ever had to urinate in a water bottle because they couldn’t otherwise meet the fulfilment targets set by an algorithm is a reverse centaur. Reaching into the future, everyone who has to sit in a self-driving truck to make sure it doesn’t crash, presumably on minimum rather than truck-driver wages, is a reverse centaur; as is every lawyer no longer on lawyer’s money checking Gemini’s command of precedent, every indie band scraping a living doing covers of AI-generated hits, and so on. That, anyway, is the promise: AI is coming for your job, and it is coming for yo
NTT's massive bond sale could pressure corporate bond markets, potentially altering yield dynamics and investment strategies globally. The post NTT Inc. plans $10B bond sale, largest by Asian firm this year appeared first on Crypto Briefing.
SpaceX's bond success highlights investor confidence but raises concerns about debt sustainability amid aggressive AI and space expansion. The post SpaceX prices $25 billion bond deal after demand nearly quadruples initial target appeared first on Crypto Briefing.
The SEC's intervention underscores the need for regulatory vigilance to prevent market manipulation and protect investor interests in IPO processes. The post Nigerian SEC halts marketing for Dangote refinery IPO over unauthorized promotions appeared first on Crypto Briefing.
