In this article TSLA BA T PLTR GEV VRT Follow your favorite stocks CREATE FREE ACCOUNT The launch tower at SpaceX Launch Complex at launch pad 39-A at the Kennedy Space Center in Cape Canaveral, Florida, U.S., April 6, 2026. Brendan McDermid | Reuters SpaceX is moving ahead with plans for one of the most anticipated IPOs in history as it hosts analysts this week for three days of closed-door meeti...
In this article TSLA BA T PLTR GEV VRT Follow your favorite stocks CREATE FREE ACCOUNT The launch tower at SpaceX Launch Complex at launch pad 39-A at the Kennedy Space Center in Cape Canaveral, Florida, U.S., April 6, 2026. Brendan McDermid | Reuters SpaceX is moving ahead with plans for one of the most anticipated IPOs in history as it hosts analysts this week for three days of closed-door meetings at its launch facility in Texas and mega-sized data center in Tennessee, according to three people familiar with the matter. Elon Musk's company is holding the briefings for Wall Street's top aerospace and technology analysts as it looks to raise $75 billion , in what would be the world's biggest-ever IPO, with executives targeting a late June trading debut . The presentations kick off with an all-day meeting and analyst tour on Tuesday at the satellite and rocket maker's Starbase launch facilities in Boca Chica, Texas, the people said. Another group of analysts representing institutional investors, including big mutual funds and pension plans, will be briefed in a separate session at Starbase on Wednesday, the people said. On Thursday, the analysts have been invited to review the company's "Macrohard" project at its Colossus data center in Memphis, Tennessee, they added. Attendees are expected to surrender electronic devices to participate in the meetings, one of the people said. All three spoke on condition of anonymity because the information was not public. SpaceX did not respond to a request for comment. Reuters was the first to report on the plans to host analysts earlier this month. The inclusion of Starbase on the tour and the three days of briefings have not been reported previously. IPO process Analyst days are a standard part of the IPO process, in which companies brief analysts on their business, financial outlook and long-term strategy ahead of a public listing. Some of the analysts scheduled to attend have also received copies of SpaceX's confidential re...
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT John Ternus, senior vice president of hardware engineering at Apple Inc., speaks about iMac computers during the Peek Performance virtual event in New York, U.S., on Tuesday, March 8, 2022. Photographer: Gabby Jones/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Apple has maintained its dominance in consumer devi...
In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNT John Ternus, senior vice president of hardware engineering at Apple Inc., speaks about iMac computers during the Peek Performance virtual event in New York, U.S., on Tuesday, March 8, 2022. Photographer: Gabby Jones/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Apple has maintained its dominance in consumer devices and built up a $4 trillion market cap despite largely sitting on the sidelines of the artificial intelligence boom. But investors won't remain patient forever, and they'll be looking to new CEO John Ternus for a clearer strategy when it comes to playing in the hottest market on the planet. Tim Cook's 15-year tenure as Apple CEO comes to an end on Sept. 1, the company announced on Monday. Ternus, Apple's longtime hardware boss, is taking over, becoming just the second leader since Steve Jobs departed in 2011, less than two months before he died from cancer. As Cook exits, Apple faces numerous challenges, including an intricate supply chain that's complicated by geopolitical tensions and soaring prices for memory due to unprecedented demand from the AI buildout. But for Ternus, perhaps the most critical aspect of his new job will be pushing the company deeper into AI, where it's lagged many of its megacap peers. So far, Apple's AI strategy has involved avoiding hefty capital expenditures while Microsoft , Google , Amazon and Meta commit to hundreds of billions of dollars a year in combined capex to fund new data centers and fill them with pricey AI chips. When it comes to developing a foundational AI model, Apple has punted there as well, and is instead counting on Google's Gemini to power its AI features, including a major Siri upgrade expected later this year following a delay. In 2024, Apple launched Apple Intelligence, which includes image generators, text rewriters, the ability to summarize push notifications and an integration with OpenAI's ChatGPT. Consumer respons...
Anthropic’s Mythos model should be shared with affected organizations to ensure a level playing field in assessing its uses and dangers, according to Bundesbank President Joachim Nagel . The artificial intelligence platform, whose advances pose cyber threats to the global economy, shouldn’t be held only for a select club of big US corporations, suggested Nagel, who’s also a member of the European ...
Anthropic’s Mythos model should be shared with affected organizations to ensure a level playing field in assessing its uses and dangers, according to Bundesbank President Joachim Nagel . The artificial intelligence platform, whose advances pose cyber threats to the global economy, shouldn’t be held only for a select club of big US corporations, suggested Nagel, who’s also a member of the European Central Bank ’s Governing Council. “We must prevent the misuse of this technology,” he told a conference in Rome on Tuesday. “At the same time, all relevant institutions should have access to such technology to avoid competitive distortions.” Anthropic’s Mythos model has sparked global fears of a new era of cyber attacks, also threatening the stability of the financial system worldwide. Such worries featured prominently at last week’s IMF spring meetings in Washington. Regulators, central bankers and corporate executives are seeking to gain more insight on Mythos, which hasn’t been widely released. There are concerns that financial systems outside the US – including Europe – are at a disadvantage because they have limited access. “This AI model seems to be a double-edged sword,” Nagel said. “It could be used not only to improve digital security systems, but also to leverage their vulnerabilities for malicious purposes.” His speech focused on the overall implications of AI on economic growth and price stability. Nagel suggested that it is hard to draw firm conclusions at present. “The potential effects of AI on inflation are still uncertain,” he said. While the technology may raise productivity, it could also increase wage pressures and add to electricity prices, he said. “Even in the shorter run, a disinflationary effect may not materialize if demand rises in anticipation of future productivity increases,” Nagel said, adding that AI algorithms could consistently charge excessive prices. His comments are more cautious than those of the nominee for the Federal Reserve chair, ...
When Apple Inc. announced Monday that longtime leader Tim Cook would be replaced by John Ternus , it published an image of the two executives walking side by side at the company’s campus in Cupertino, California. Both men are wearing Apple Watches, dark button-up shirts and blue jeans as they smile at each other — a near mirror image. The implication: Ternus, Apple’s hardware head, will bring cont...
When Apple Inc. announced Monday that longtime leader Tim Cook would be replaced by John Ternus , it published an image of the two executives walking side by side at the company’s campus in Cupertino, California. Both men are wearing Apple Watches, dark button-up shirts and blue jeans as they smile at each other — a near mirror image. The implication: Ternus, Apple’s hardware head, will bring continuity as chief executive officer and help preserve Cook’s legacy. But Ternus will have a challenge when he officially takes the job in September. Even as he maintains Apple’s device empire — and its more than $400 billion in annual revenue — the executive will need to take chances, enter new product categories and find the company’s footing in artificial intelligence. None of that will be easy, and the ability to “ think different ” will determine whether Apple can keep thriving in the AI era. “He must resist the temptation of incrementalism that has plagued Apple of late,” Forrester Research Inc. analyst Dipanjan Chatterjee said in a note. “As Ternus assumes the helm, he must define Apple’s future as ferociously as he defends its past.” Moving Faster To succeed, Ternus will need to keep what works — operational discipline and calm leadership — while breaking from the consensus-driven decision-making that has defined Cook’s tenure. He will also need to move faster, sharpen Apple’s competitiveness in AI and deliver new hardware hits. Cook did oversee the launch of groundbreaking products, including the Apple Watch, AirPods and Vision Pro headset, but the track record is mixed. The watch and earbuds became enormous successes, though both emerged while key members of his predecessor’s leadership and engineering teams were still at the company. The Vision Pro — long envisioned by Cook as a capstone product — has flopped, despite a decade of development and billions in investment. Apple also spent roughly $10 billion on an autonomous-car project that was ultimately scrapped. In...