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Bloomberg

SpaceX IPO Filing: The Key Numbers

SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control. The rocket, satellite and artificial intelligence giant has reported a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter. Some investors remain doubtful whether the sum of Musk's aspirations for SpaceX are worth valuing at as much as $2 trillion. Bloomberg's Charlie Wells discusses on "The Pulse with Francine Lacqua."

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Bloomberg

Elon Musk Will Appeal His Loss to OpenAI's Sam Altman

A jury rejected Elon Musk's claims that OpenAI under Sam Altman's leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. In a post on X this week, Musk said that he will be filing an appeal with the Ninth Circuit court, noting "the judge and jury never actually ruled on the merits" of the case. For a closer look, we speak with Matthew Schettenhelm, media litigation analyst for Bloomberg Intelligence.

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Bloomberg

Samsung Workers to Go Ahead With Strike

Talks between Samsung Electronics and its largest labor union broke down, raising the prospect of a workers' strike. A general work stoppage will go ahead on Thursday, labor leader Choi Seung-ho told reporters. The collapse in negotiations puts the global technology supply chain at risk because Samsung is the world's biggest supplier of the chips that go into devices from data center servers to smartphones and electric vehicles. Bloomberg's Yoolim Lee reports.

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Bloomberg

Musk Wants to Get SpaceX IPO Underway 'Pretty Soon'

Elon Musk said he's back in Texas working on plans for an initial public offering of SpaceX as the company prepares for the largest listing of all time. "We've got to get the SpaceX IPO going pretty soon," Musk said during a virtual appearance at the Samson International Smart Mobility Summit in Tel Aviv. SpaceX could file for an initial public offering as soon as this week, people familiar with the matter said. Bloomberg's Charlie Wells reports.

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Bloomberg

Apple-OpenAI Alliance Frays

Apple Inc.'s two-year-old partnership with OpenAI has become strained, according to people familiar with the matter, with the AI startup failing to see the expected benefits from the deal and now preparing possible legal action.  Anurag Rana, Bloomberg Intelligence Technology Analyst, joins to discuss.

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