Author: BostonNewsletter.com Est. 1704
After weeks of excitement and controversy, Space Exploration Technologies (SPCX 10.40%) completed its historic initial public offering at a price of $135 per share, successfully selling all of its allotted 555,555,555 shares. The IPO initially raised $75 billion at a valuation of $1.77 trillion. But underwriter allotments and a growing market cap ultimately pushed proceeds closer to $86 billion, with a current market cap hovering around $2.5 trillion. For perspective, SpaceX’s valuation is already ahead of Tesla, Meta Platforms, Micron Technology, Berkshire Hathaway, and Walmart. After the post-IPO run, the company is now worth more than JPMorgan Chase and Visa combined.…
A major tech company has announced that it is coming to Texas with a new partnership with an energy giant in the Lone Star State.On Monday, Chevron announced that it is partnering with Microsoft to develop a new data center campus, known as “Project Kilby,” in Texas. The project will scale to an estimated capacity of 2.67 gigawatts of capacity over time.The two companies signed a 20-year power purchase agreement in anticipation of the planned, “co-located” power plant and data center. Reuters reported that the facility is set to be built in Pecos, Texas, west of Midland.RELATED: The AI gold…
The market has changed, and advisors’ strategies must evolve alongside it. With geopolitical factors playing a more prominent role in shaping returns, active portfolio management will become an increasingly necessary approach for advisors seeking to navigate uncertainty and deliver consistent results despite a turbulent market. Source link
A ‘peace’ unworthy of the word. Source link
Britain’s Jack Draper says he drew inspiration from new coach Sir Andy Murray to claim an “ugly” win in his first competitive match in over two months.A knee injury has kept the 24-year-old on the sidelines since April, but he has been working with Murray in recent weeks after joining up with the three-time Grand Slam champion for the grass-court season.AdvertisementThe pair’s partnership got off to a winning start at Eastbourne as Draper held off a late charge by American Marcos Giron to secure a 6-4 7-6 (7-5) victory.Asked what it was like having a knight in his coaching box,…
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The morning after the first overnight session of renewed talks between the United States and Iran, aimed at turning an incomplete truce into a lasting peace deal, the vibes were as warm as the heat wave currently washing over Switzerland.Mediators from Pakistan and Qatar said early on Monday that Vice President JD Vance and his Iranian counterparts had made “encouraging progress” toward the goal of cementing a final peace agreement within 60 days. Swiss officials called the outcome “constructive.”All parties welcomed the creation, in the talks, of two communication mechanisms aimed at resolving a pair of issues that are currently…
Wealth managers keen to stay relevant in the age of artificial intelligence may soon find that clients with a mere $1 million in liquid assets are no longer worth spending human hours on.Processing Content”The mass-affluent client now gets something close to private-banking quality from AI,” said Debasish Patnaik, senior partner McKinsey. That not only “strips the value from the advisor whose role was standardized advice,” but it also means “the kind of person hired into wealth management changes fundamentally,” he said in an interview.The assessment implies that individuals with liquid assets between $100,000 and $1,000,000 — broadly defined as the…
Despite leading an investigation into alleged efforts by federal officials to downplay COVID-19 vaccine injuries and deaths, Sen. Ron Johnson says he’s running into resistance from much of the media — including Fox Digital — as he tries to publicize his findings. The Wisconsin Republican revealed Wednesday that he had published an op-ed on X accusing federal health agencies of concealing vaccine safety concerns from the public and claiming nearly 40,000 deaths have been reported following COVID-19 vaccinations. Johnson, who chairs the Senate Permanent Subcommittee on Investigations, later posted the piece on his Senate website under the headline, “The story…
Argentina and Austria meet in their 2026 FIFA World Cup second group stage match on Monday, June 22, 2026 at 1:00 p.m. ET from Dallas Stadium.Argentina won their opening match with three goals scored and a clean sheet. Lionel Messi recorded a hat trick (his first at a World Cup) tying Miroslav Klose’s all-time record for most goals at a men’s World Cup with 16. Austria also won their opener, defeating Jordan 3-1 to earn their first World Cup win since 1990 in their return to the tournament after a 28-year absence, with Marko Arnautovic and Romano Schmid each finding…