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Bloomberg

SpaceX Seeks $75B in Record IPO Plan to Fund AI, Launch

SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time, as Elon Musk's rocket, space and artificial intelligence company targets a historic debut that could clear a path for more mega-listings. The Starbase, Texas-based company plans to market about 555.6 million shares for $135, according to its filing Wednesday with the US Securities and Exchange Commission. At that price, SpaceX would have a market value of almost $1.77 trillion based on the outstanding shares in the filing. Bloomberg's Anthony Hughes reports.

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Bloomberg

Xcel Building More Modern, Resilient, Sustainable Grid, Says CEO Frenzel

Xcel Energy CEO Bob Frenzel said that his company is investing across a wide range of energy sources including wind and solar to build a 'more modern, more resilient, more sustainable grid of the future.' Talking to Bloomberg Washington Correspondent Tyler Kendall, Frenzel said that despite rising oil prices due to war between the US and Iran, the price of natural gas has seen little fluctuation.

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