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Shawn TullyFortune |
By convincing investors that AI will power his moonshot, SpaceX broke records in its trading debut.
The real money comes after the opening bell.
Only one bank can occupy the coveted lead underwriter position for this year's hottest AI IPOs.
Michael Saylor leveraged Strategy to the hilt. Now the math is working against him.
SpaceX's valuation will set the bar for what the must achieve going forward to reward investors.
A SpaceX-Tesla merger could be the endgame.
Kelly Ortberg inherited Boeing's worst crisis in decades. His fix: stop chasing Wall Street and start building planes the right way again.
A SpaceX-Tesla union would mark by far the largest merger of all time.
America must refinance $10 trillion in debt over the next year. Rising Treasury yields could make that a catastrophe.
Research firm CEO David Trainer says SpaceX's $1.75 trillion IPO valuation is mathematically indefensible
Investors rushing into SpaceX's blockbuster IPO may not realize how little of the record-breaking raise will actually go toward the company's future.
Elon Musk's creation has essentially re-invented itself from a commercial space pioneer facing little competition, to an AI-centric player battling...
Elon Musk has mandated two classes of shares, binding arbitration, and many other policies shareholder advocates hate in the Space X S-1.
Record stock prices, surging bond yields — Research Affiliates has surprising advice on where to invest for the next 10 years.
"We have an aggregate demand issue, not a supply disruption issue," says William Luther, an associate professor at Florida Atlantic University.
Beijing hasn't ordered planes from Boeing since 2017. That could soon change.
The last time Shiller's CAPE index soared to 40, the market took 12 years to recover.
No one dreamed—or lost—bigger than maverick media mogul Ted Turner.
Amex's Steve Squeri and Delta's Ed Bastian clicked so well that they are now buddies in pursuing both profit and fun.
GameStop's play for eBay echoes the AOL-Time Warner deal in eerie detail—and that should terrify eBay's board.
The unlikely story of how a Queens-born outsider turned around a giant by betting young people would happily pay $900 a year for a credit card.
Inspired by the Rhodes Scholar program, Schwarzman's philanthropic initiative brings students in their early-to-mid-20s to spend a year immersed in...
Taxing the rich doesn't get remotely close to solving the debt crisis. So a solution will likely sweep across all income levels.
The move didn't surprise Hanke, who served on the UAE's Financial Advisory Council from 2008 to 2014.
According to Warren Buffett's math the stock market is officially in "playing with fire" territory.
Covid, a failed merger, and now a spike in jet fuel prices have conspired to make Spirit's finances unworkable.
"When purchasing power declines, fewer people buy homes at 28—but also fewer purchase at 38 or 48," writes the Housing Center's co-director Ed Pinto.
The "Buffett Indicator" has been a closely watched stock market valuation gauge ever since the legendary investor explained his reasoning in a 2001...
The dueling CEOs of United and American have a long history of circling each other in the industry.
Industry insiders told Fortune that a tie-up between the first and fourth largest U.S. carriers faces hurdles, but can't be ruled out.
The new industrial era may be a lot more beneficial to the folks and businesses that use the AI-enhanced products than the enterprises that furnish...
The oil crisis will end with the war, it's the inflation predicament that has legs, predicts Steve Hanke of Johns Hopkins.
Las Vegas, Austin, and Miami are now leading a national price downturn, while metros like Cleveland, Pittsburgh, and Milwaukee are finally having...
$7.8 trillion in extra revenue, GDP growing at 3%, vanishing deficits, and a 42% defense hike—to skeptics Trump’s math just isn’t adding up.
Elon Musk's pivot from electric vehicle sales to self-driving taxis and robotics will clobber Tesla's earnings, and could crush its shares.
The ROAD Act aims to keep big investors out of the single family home rental market. Critics say that could kill investment in new homes, and drive up...
They knew they were getting a payout. But employees at CoolIT had no idea just how much they'd profit from KKR's sale of their employer.
A nonpartisan think tank is proposing a fix that promises significant progress towards putting Social Security on a path to self-sufficiency.
Rob Arnott of Research Affiliates warns that AI hype has stretched growth stock valuations to a breaking point—and the next decade will look nothing...
A $200 billion index fund strategist breaks down why U.S. large caps will deliver one-fifth the returns of the past decade—and which markets to own...
Inside the dramatic comedown for highflyers like Apollo, Ares, Blue Owl and KKR: "It resembles a run on a bank."
The Pentagon told lawmakers that they estimated the cost of the war exceeded $11.3 billion in the first 6 days of the conflict—and that didn't even...
A Wharton analyst told Fortune that if the conflict rages for a total of two months, it will inflict net new expenses on U.S. taxpayers of $65...
Should the Iran war drag on for even several more weeks, the damage to America's fragile finances will prove substantial.
From the archives.
The real moonshoot? Hitting the financial targets it would take to justify the market cap Elon Musk has been musing about.
Is AI taking jobs? Or are companies cutting jobs to pay for the enormous capex outlays on AI?
And that means Wall Street will make more money, too.
Bipartisan consensus is building in support of lowering the gulf between revenues and outlays to 3% of GDP.
A new research paper found that the huge influx of foreigners under President Biden's open border policy had the beneficial role of increasing the...