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June 5, 2025, SpaceX headquarters in Hawthorne, California, USA.Daniel Cole | ReutersElon Musk’s SpaceX has secretly filed for an IPO with the Securities and Exchange Commission, people familiar with the matter told CNBC’s David Faber, moving Elon Musk’s rocket company one step closer to what is expected to be a record-breaking initial public offering. Bloomberg first reported SpaceX’s confidential filing, citing people familiar with the matter, adding that the company could seek a $1.75 trillion valuation with a view to going public as early as June. SpaceX, founded by Musk in 2002 to develop and operate reusable rockets, became NASA’s…
Cutting-edge silicon chips are accelerating the development of artificial intelligence. So, can AI return the favor? CogniChip builds deep learning models to help engineers design new computer chips. The problem the company is solving is one the industry has had for decades. Chip design is extremely complex, prohibitively expensive, and time-consuming. Advanced chips take three to five years to go from concept to mass production. The design phase alone can take as long as two years before physical layout begins. Consider that the latest Nvidia GPU, Blackwell, contains 104 billion transistors. This is quite a large amount when put side…
Ranking Member Sen. Elizabeth Warren (D-Mass.) speaks with the media before Treasury Secretary Scott Bessent testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing titled “Financial Stability Oversight Council Annual Report to Congress” on Thursday, February 5, 2026, in the Dirk Sen Building.Tom Williams | CQ-Roll Call Inc. | Getty ImagesSen. Elizabeth Warren (D-Mass.) wants to know why the Trump administration is pressuring European allies to ease regulations to hold big tech companies accountable for enabling online child sexual exploitation.In a letter to U.S. Trade Representative Jamieson Greer on Wednesday, Warren accused the trade agency of threatening countries…
The experience certainly bonded Jen and Elizabeth (who is serving more than 11 years in prison for defrauding investors in the health startup she founded), but it wasn’t the only time they spent together. “We were both very busy during the day, so in the evening we would go for walks,” Jen said. “Then you have time to just talk. Talk about how much you missed your family. Talk about important things that were happening in prison.” In fact, the 52-year-old has two grown sons. Sharif Shah-The two said that their bond deepened through “deep conversations.” “Being in prison is…
Apple CEO Tim Cook inspects the new iPhone 16 at an Apple special event held at Apple headquarters in Cupertino, California on September 9, 2024. Justin Sullivan | Getty Imagesas apple Now celebrating its 50th anniversary, the company that defined consumer electronics since the launch of the iPod and forever changed user behavior with the development of the iPhone faces many important questions about its future direction. Apple became the world’s most valuable company for the first time in 2011. exxon mobiland held that title for the better part of the next decade, only to be overtaken from time to…
Havana, Cuba — An FBI technical team is in Cuba to investigate a February shootout between Cuban soldiers and a boat crew from Florida, CNN has confirmed, citing two sources familiar with the trip. The unusual visit by U.S. law enforcement to the communist-ruled island comes amid some of the highest tensions between the U.S. and Cuba in years, with the Trump administration saying Cuban officials need to make fundamental changes to their governing system. Cuban officials say a boat carrying 10 people headed to the island from Florida in late February to carry out an “attempt to overthrow the…
Italy’s sports minister said the head of the country’s soccer federation should resign after the national team failed to qualify for the World Cup for the third year in a row.Italy awoke from anger and disillusionment on Wednesday after its national team lost to Bosnia and Herzegovina in the play-offs, missing out on the FIFA World Cup for the third straight year and prolonging a sporting nightmare for the soccer-mad nation.”The Curse of the World Cup” was the front page of Italy’s main daily Corriere della Sera, calling for a rebuilding of the country, which despite producing some of the…
Warren Buffett said the possibility of Iran acquiring a bomb would increase the risk of a catastrophic conflict, warning that the proliferation of nuclear weapons was making the world a more dangerous place.of Berkshire Hathaway He said the increase in the number of nuclear-armed states was fundamentally changing the global risk landscape and amplifying the proliferation concerns he had expressed for decades.”Now we have… nine countries,” Buffett said Tuesday on CNBC’s “Squawk Box.” “When we were two, we were very concerned about that. … We weren’t going to deal with unstable people, or anything like that. The ship turned.”Buffett specifically…
All good things come to those who wait. The first StrictlyVC of the year will be held in less than a month in San Francisco on April 30 at the Centro Philippine Cultural Center. And don’t miss another line-up of amazing speakers punctuating the evening’s networking and mingling. AI innovators and founders seeking funding will particularly benefit from the discussion at this event. who will be on stage Tickets are available now, but for those who haven’t attended a StrictlyVC event in the past and have already clicked the link, let’s take a closer look at what’s particularly exciting about…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Wednesday. It’s also April Fool’s Day, so be on the lookout for company announcements that sound too good to be true today.Stock futures are rising this morning. The three major indexes posted strong gains yesterday, ending a difficult month and quarter on a high note.Here are five important things investors need to know to start their trading day.1. Go out like a lambTraders at work at the New York Stock Exchange on March 26, 2026.new york stock exchangeStocks hit their highest since May yesterday following…