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SpaceX sets aside up to 5% of shares in IPO for certain employees and friends

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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....
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SpaceX is poised to be the biggest IPO ever. Here are the top U.S. deals to date

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Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon MuskManuel Orbegozo | Chip Somodevilla | ReutersWhen SpaceX finally debuts on the Nasdaq, under...
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Detroit automakers have cut more than 20,000 U.S. salaried jobs as AI threat looms

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The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT — As artificial intelligence...
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Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami

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Cerebras Systems, a maker of artificial intelligence chips, priced its IPO at $185 a share on Wednesday, above the expected range, according to a...
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Former Tesla CFO Deepak Ahuja joins EV battery recycler Redwood Materials

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Deepak AhujaSource: VerilyRedwood Materials, the electric vehicle battery recycling business started by Tesla board member and former CTO JB Straubel, is bringing on another...
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Uber misses on revenue but issues higher-than-expected bookings guidance

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Uber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts' expectations. The...
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Rivian renegotiates DOE loan down to $4.5 billion, adjusts capacity plans for Georgia plant

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Rivian Automotive on Thursday said it has renegotiated a $6.57 billion loan from the U.S. Department of Energy down to $4.5 billion and is...
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We tried out xAI’s Grok chatbot while driving a Tesla in NYC. Here’s what happened.

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Tesla owner Mike Nelson has been using the AI chatbot Grok in his vehicle for several months now. He finds it is useful, nearly...
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BMW says it has no intention of dropping sedans, even as some rivals cut back

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BMW wants to keep making sedans in spite of U.S. tariff pressures on German imports and the far higher sales of sport utility vehicles,...
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Rivian hits production milestone for R2 EV ahead of customer deliveries

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Rivian founder and CEO RJ Scaringe on April 22, 2026 drives the first customer-ready electric R2 SUV off the assembly line at the company's...
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Amazon adding heavy-duty EV trucks from Einride as it spreads bets on freight decarbonization

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Swedish EV trucking company Einride is deploying 75 manually operated electric heavy-duty trucks in Amazon's Relay freight network, an expansion of the freight EV...
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Rivian’s factory damaged by tornado amid crucial R2 EV launch

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A view shows a second-generation R1S at electric auto maker Rivian's manufacturing facility in Normal, Illinois, on June 21, 2024.Joel Angel Juarez | ReutersA...
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