SpaceX snaps up AI coding darling Cursor as valuation soars past Amazon Tech Elon Musk’s SpaceX has overtaken Amazon to become the world’s fifth-largest listed company after a blistering post-IPO rally, as the newly public firm unveiled a $60bn (£45bn) takeover of AI coding start-up Cursor. Shares in Musk’s rocket and AI giant rose more than eight per cent in pre-market trading on Tuesday, extending a surge that [...]
Boots moves closer to London float but billionaire Westons circle Retail With one potential suitor out of the running, high street titan Boots is moving closer to a London float, a move that would mark a return to the FTSE 100 for one of the UK’s biggest retailers and deliver a major boost to UK capital markets. The 177-year-old British pharmacy saw the withdrawal of Sigma [...]
SpaceX IPO could get wave of Brits back into equity markets, Peel Hunt boss says Markets The success of the trillion-dollar SpaceX IPO could help drive a wave of fresh interest into investing in the stock market, the boss of one of London’s biggest brokers has said. The float, which raised a whopping $75bn (£56bn), included millions of shares allocated to UK retail investors thought to be worth around £271m, with [...]
Australian pharma giant Sigma quits Boots takeover talks June 15, 2026 Australian pharmacy giant Sigma has walked away from talks over a £7.5bn private takeover of Boots, renewing hopes that the high street pharmacy could float in London. The Australian firm said on Monday that a deal with Boots would not meet its investment objectives, leaving just the billionaire Weston family in sales talks with the [...]
Asian stocks reach record highs on tech euphoria and US-Iran peace deal June 15, 2026 Stocks across Asia surged during Monday trading, as market euphoria from SpaceX’s IPO on Friday combined with relief over the US-Iran peace deal sent investors back into the stock market, pushing indexes to record highs. Tokyo’s Nikkei 225 rocketed over five per cent in the first 90 minutes of trading, surpassing the 69,000 mark to [...]
Elon Musk becomes world’s first trillionaire after SpaceX mega float June 13, 2026 Elon Musk is never far from the headlines and now the Tesla and X owner is making history once again after the blockbuster float of his SpaceX company has made him the world’s first ever paper trillionaire. The 54-year-old’s net worth was estimated at 982.6bn US dollars (£733bn) before the float, according to Forbes, which has swelled [...]
Don’t ask SpaceX for projections, reach for the stars June 12, 2026 Elon Musk can’t provide concrete figures showing how much money SpaceX will make from space tourism or asteroid mining because his horizons are lightyears away, says Rainer Zitelmann In 1949, 20 years before the first moon landing, the world-famous American science fiction author Robert A. Heinlein wrote the short story The Man Who Sold the [...]
SpaceX: To boldly go where no investor comms strategy has gone before June 12, 2026 The wait for the SpaceX IPO is finally over, but it’s what happens next that will be Musk’s greatest challenge yet, says Tim Focas For what seems like an eternity now, investors have been deliberating when exactly SpaceX will finally become a public company. With the wait soon to be over, attentions will quickly turn [...]
SpaceX is preparing for blast off, but will the mega IPO send investors into orbit? June 11, 2026 SpaceX is set to launch the largest retail allocation ever attempted in a megacap IPO as part of its hotly anticipated listing on the Nasdaq tomorrow, with around 30 per cent of shares reserved for retail investors. Bret Johnsen, SpaceX CFO, has said the unusually large allocation is a deliberate recognition of “folks that have [...]
Boots eyes £7.5bn sale in blow to hopes of London IPO June 10, 2026 The owners of Boots are weighing up a £7.5bn sale which would dash hopes of a London listing and deal another blow to the UK’s stock exchange. Sycamore Partners, the private equity firm which bought Boots’ parent company for $23.7bn last year, has been in talks with a number of suitors since before Easter. The [...]