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Australia's wealthiest person, mining baron Gina Rinehart, has taken a stake of more than $1 billion in the record-setting $75 billion SpaceX (SPCX.O), the Wall Street Journal reported on ​Monday, citing a person familiar with the matter... Hancock is a significant investor in ‌a swathe ⁠of rare earths companies including U.S.-based MP Materials, and Rare Earths Americas (REA.A), and Australia's Lynas Rare Earths (LYC.AX), as well as lithium producer Liontown Resources (LTR.AX), among many others. It bulked up its defence, gold and rare-earths holdings in its $3.3 billion U.S. portfolio this year, filings showed last month... While commending Musk's entrepreneurial...

Before Juan Hernandez became a welder at SpaceX, he had never heard of the company. "It was just another contract job for me at the time," he told CBS News correspondent Jo Ling Kent in a broadcast exclusive interview. Now, just over 10 years later, that leap of faith is paying off following the company's $75 billion initial public offering. Hernandez, who now works at Jeff Bezos-owned rocket startup Blue Origin, has roughly 6,500 SpaceX shares. On Friday, SpaceX stock closed at $160.95, valuing his holdings at $1,046,175. SpaceX shares started trading on the Nasdaq late Friday morning under the...

If you submitted an indication of interest for SpaceX IPO shares, you will need to confirm your indication of interest after the IPO has officially been priced, which is currently expected tomorrow evening (June 11th). Confirming an indication changes your indication to an order to buy shares at the offer price that SpaceX sets. Keep in mind that you will have a short window of time to confirm your indication of interest. Some participating brokerages are saying that public the window may open late in the evening and close as early as 7 AM ET the following morning (June 12)....

Elon Musk’s SpaceX has secured a massive infrastructure agreement with Google just days before its planned IPO, with the search giant agreeing to pay $920 million per month for AI computing capacity. CNBC reports that according to a regulatory filing, Google will utilize approximately 110,000 Nvidia graphics processing units along with central processors, memory, and additional components located within SpaceX data center facilities. The contract runs from October 2026 through June 2029 at the full monthly rate of nearly a billion dollars a month, with capacity scaling up through September at a discounted fee. A Google Cloud spokesperson communicated to...

The most anticipated IPO in history will hit the market next week. When Elon Musk is involved, opinions tend to be firmly on one side or the other. In the case of the IPO S-1 filing , mention of colonizing Mars and mining asteroids only adds to the division. Today we are avoiding the spectacle and having a look at what the business is really about: the opportunities, the challenges and what the listing could mean for investors. What Happened In Markets This WeekHere’s a quick summary of what’s been going on:🤖 India loses edge as investors flock to Asia’s...

Americans Are About to Get a Lot Richer https://www.youtube.com/watch?v=mCd9ctg1sO4

Early investors who bought shares during Amazon’s 1997 IPO have had the chance to make a fortune. In fact, Amazon has climbed more than 255,000% in the time since – enough to turn a $100 bill into more than $250,000! But if you missed out, don’t kick yourself… According to a report, this could be gearing up to take internet satellite giant, called Starlink, public… in what Fortune magazine says will be the biggest IPO in history! According to a report, this could be gearing up to take internet satellite giant, called Starlink, public… in what Fortune magazine says will...

Stocks rose Friday as Treasury yields eased, resulting in a winning week for Wall Street despite heightened volatility. The Dow Jones Industrial Average gained 294.04 points, or 0.58%, to end at 50,579.70. The 30-stock index hit an intraday all-time high and posted another record close. The S&P 500 rose 0.37% to settle at 7,473.47. The Nasdaq Composite climbed 0.19%, ending at 26,343.97.

.@SpaceX $SPCX just filed their S-1. I built a full dashboard covering everything! The numbers are insane: • $1.75T target valuation • $18.7B revenue in 2025 (+33% YoY) • 170 orbital launches - more than every other country combined • Starlink: $7.2B EBITDA at 63% margins • Anthropic pays them $1.25B/month for compute • 93% of their $28.5T TAM is AI, not rockets Link to dashboard in next tweet

SpaceX filed for an initial public offering on Wednesday, as the Elon Musk-owned rocket manufacturer moves to raise more capital for its space, AI and satellite ventures. The move comes after SpaceX filed a confidential IPO with the Securities and Exchange Commission last month. SpaceX did not disclose how much money it is seeking to raise, but previous estimates put the amount at up to $75 billion.SpaceX's IPO could be the largest in history, a record currently held by Saudi Aramco. The state-owned petroleum and natural gas company, based in Saudi Arabia, raised $25.6 billion in its 2019 initial public...

President Trump signed an executive order Thursday aimed at getting tens of millions of American workers enrolled in retirement accounts. The order further directs the Treasury Department to implement the Federal Saver’s Match program to boost Individual Retirement Account (IRA) savings. Here’s what you need to know about the new accounts and the billions of dollars in federal matching available. Who is eligible? Through the website TrumpIRA.gov – launching in January 2027 – all Americans will be eligible to browse and enroll in “high-quality, low-cost” IRA plans offered by private-sector financial institutions. The plans offered will cater to “American workers...

Gold prices dropped sharply following comments from Donald Trump late Wednesday evening, after he addressed the nation on the ongoing Iran conflict but failed to provide clarity on how or when it might end. At a time when geopolitical tensions are escalating and uncertainty remains high, gold would typically surge as a safe-haven asset. After Trump’s latest speech failed to provide clarity on how or when the conflict with Iran might end, gold fell more than 2–3% in early trading, while oil prices surged and markets began pricing in a very different economic outcome.For investors, this shift is critical. It...

I have had Marketwatch on my list of favorites as my “go to” website for financial news for quite some time. I’m becoming increasingly weary of their negative spin on virtually everything related to this administration. I understand that this bias is probably due to Marketwatch being a product of the Wall Street Journal. I’m not avoidant of negativity in reporting but sometimes the bias seems over the top. Any suggestions on where to obtain online reporting on the economy and finances that may be more objective?

Warren Buffett built one of the most successful investment portfolios in history at Berkshire Hathaway. Now, for the first time in decades, someone else is running the show. At the end of 2025, Buffett officially stepped down as CEO of Berkshire Hathaway, handing leadership to longtime lieutenant Greg Abel. While Buffett remains an influential figure within the company, investors are closely watching the first moves made by the new chief executive.The reason is simple. Berkshire’s $300+ billion equity portfolio is one of the most influential pools of capital in global markets. Even small changes in Berkshire’s holdings can ripple across...

I think the idea of Trump accounts, to allow tax free savings for specific self-funded social benefits that aren't taxed, is the way to go. It always has been. Keep them reasonable, so the billionaire class can't sock away billions of dollars of untaxable income but allow it high enough so that it can provide for the average person so that he self-supports himself and isn't supported by the taxpayer. As long as the account is used for the specific purpose intended, any drawings from it remain tax free. However, if it is drawn for other purposes, it becomes taxed...

We're building long-term financial security for millions of children by creating tax-advantaged investment accounts for U.S. citizens under the age of 18. Fill out your Form 4547 below to make your election for the 2026 tax year. Who is eligible? All U.S. children under 18 with a valid Social Security Number are eligible to establish a Trump Account. Parents or legal guardians can open and manage accounts on behalf of their children. When can funds be used? Funds can be accessed without penalty when the child turns 18 for qualified expenses like education, a first home purchase, or starting a...

President Donald Trump on Tuesday announced plans for a $33 billion natural gas-fired power plant in southern Ohio, describing it as the largest gas generation project in U.S. history and a cornerstone of a broader $550 billion investment commitment from Japan. The Ohio facility, to be built near Portsmouth, is part of the first group of projects under a new U.S.-Japan trade agreement aimed at strengthening economic and national security ties between the two countries. Under the agreement, Japan has committed to invest $550 billion in the United States. In exchange, U.S. tariffs on Japanese imports will be reduced to...

A product of the “Big Beautiful Bill,” Trump Accounts give American children — sorry, illegal aliens, this one is for us — a “tremendous” financial head start on life, providing the means to pay for college or put a down payment on a home, along with exposure to equities, something roughly 1 in 3 Americans currently do not have.

It's not hard to understand why people live in California, nor why it boomed in the decades after World War II. There are few places more blessed by God than California, even with its mudslides, wildfires, and earthquakes, which deterred not a single person from moving there. It is, in most ways, a paradise. If there was anyplace that could be said to embody the American Dream, or at least the postwar American Dream in which anybody could aspire to be middle class, it was California. New York City may be where people went to strike it big, but California...

My coworker here in the Austin area went online to start the process of starting an IRA account with Fidelity using is JP Morgan Chase account. He was told by the Fidelity Rep that he couldn't do it online because of a FRAUD issue JP Morgan has experienced. Has anyone read/heard about what has happened with JP Morgan regarding this sort of thing? I recommended he put cash in a stock trading account and hold and wait for an inevitable severe downturn which is coming and then buy dividend-paying stocks and HOLD and reinvest the dividends(he's only 22). Then the...