At a $1.75 trillion valuation, SpaceX would be valued at roughly 100x its 2025 revenue.
Source: Sherwood News.
Category: Business
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Super Micro drops on shareholder lawsuit alleging securities fraud around China chip smuggling
Shareholders claim the company inflated its stock by hiding its reliance on China sales and export control risks.
Source: Sherwood News.
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Stocks rise amid optimism around US peace plan for Iran
Gains in technology supported the broader market rally.
Source: Sherwood News.
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GameStop transfers all but one bitcoin to Coinbase as collateral
The gaming and collectible retailer has pledged over 99% of its bitcoin stockpile as collateral for its covered-call strategy with Coinbase Credit.
Source: Sherwood News.
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Jury finds Meta and Google liable in social addiction case
The closely watched case tests whether tech giants can be held liable for designing addictive features.
Source: Sherwood News.
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Giga Texas transformed the Austin landscape. Elon Musk thinks Terafab could be about 10x the size.
Watch Giga Texas grow from space.
Source: Sherwood News.
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JetBlue surges following report it is exploring potential merger partners
JetBlue shares climbed more than 15% midday on Wednesday.
Source: Sherwood News.
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Trump pulls tech execs even closer, adding Zuckerberg, Huang, Ellison, and others to tech council
Trump’s tech council comprises a close circle of tech leaders who will advise him on the “challenges and opportunities” of emerging technology.
Source: Sherwood News.
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Sora lasted less than one Quibi
OpenAI’s app joins the hallowed halls of video ideas that burned bright and fast.
Source: Sherwood News.
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Sandisk, Micron dive as Google Research unveils AI algorithm to reduce memory demands
Will this blog post mark the end of the memory stock boom?
Source: Sherwood News.
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Fundrise’s venture fund extends rally, trading more than 2 dozen times above asset value
Fundrise Innovation Fund (VCX), a publicly traded venture fund that owns stakes in private companies like Anthropic, OpenAI, and SpaceX, is continuing to rally as the gap between the value of its stock…
Source: Sherwood News.
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After taking a dip when the war started, fiber-optic stocks are running at light speed again
One of the banner names in the space, Lumentum, just hit an all-time high, up 44% off the post-war low that happened just 19 days ago. But are investors starting to price in perfection?
Source: Sherwood News.