SpaceX may have held the biggest initial public offering of all time, but Wall Street may be expecting something even bigger from Elon Musk, the rocket company’s chief executive. Many of his fans and investors expect him to merge SpaceX with Tesla, the maker of electric cars where he is also chief executive, joining most…
Over the last year, Elon Musk has jumped further into the artificial intelligence boom and refocused his rocket company, SpaceX, on building orbital data centers and manufacturing A.I. computer chips. On Tuesday, just four days after holding the largest initial public offering ever, SpaceX said it was completing a $60 billion deal to buy Cursor,…
The Ultimate Fighting Championship event at the White House on Sunday is in some ways a birthday present for President Trump, who will celebrate turning 80 by cheering on the fighters inside the specially constructed Claw on the South Lawn. One V.I.P. guest at the fight will be celebrating, too: David Ellison, the technology heir…
Lee R. Raymond, who as chief executive of Exxon Mobil wrung out costs to make that global oil company the most profitable in its industry while stoutly resisting the scientific consensus that burning fossil fuels was causing a potentially disastrous warming of the Earth, died on Saturday in Dallas. He was 87. His death, at…
Eli Lilly said on Tuesday that it would buy three vaccine developers in deals collectively worth up to $4 billion, a move that signals a return to an area that had not been a major focus for the company in recent years. The three are Curevo, a Seattle-area company developing a vaccine against shingles; LimmaTech…
There are many reasons to block this deal, but we now believe the most fundamental one is what we encountered when asking artists to use their voices: fear. A deep, ugly and pervasive fear of speaking out. We heard time and time again from artists, when asked to sign this letter, that they supported it…
GameStop said on Sunday it was making a cash-and-stock bid to acquire eBay for about $55 billion, the latest in a series of audacious bets by GameStop’s chief executive, Ryan Cohen. A video game and collectibles retailer that became a favorite among meme stock investors, GameStop said it was offering $125 per share for eBay,…
Spirit Airlines reshaped aviation in the United States by stripping down flying to its essentials and selling what were often the cheapest tickets around. But the airline shut down for good on Saturday, a victim of the rising costs it once excelled at controlling. In a statement just after 2 a.m., Spirit said it had…
I remember when, as a presidential candidate, Donald Trump lambasted Barack Obama for bailing out automakers after the financial crisis, an effort President Obama asked me to lead. The auto industry should have gone bankrupt and “rebuilt itself, through the free enterprise system,” Mr. Trump said then. So I couldn’t help being struck by the…
A trade group representing low-cost airlines said Monday that it is asking the Trump administration for $2.5 billion to offset some of the cost of fuel, which has surged because of the war with Iran. The request comes as jet fuel prices have climbed to about $4.10 a gallon in North America at the end…
