‘Novel and extreme’: Analysts calls out SpaceX governance days before IPO June 9, 2026 Analysts and major institutional investors have expressed alarm over the corporate governance of SpaceX as its Wall Street debut creeps closer. The concerns from institutional investors, in particular public pension funds, over corporate governance at Elon Musk’s space tech company “run deep”, with firms in New York and California deeming the structure “novel and extreme”. [...]
OpenAI files to go public as the race between tech giants heats up June 9, 2026 OpenAI has confirmed plans for an initial public offering as it looks to beat fellow artificial intelligence giant Anthropic to Wall Street. The artificial intelligence firm, led by chief executive Sam Altman, submitted paperwork to the US Securities and Exchange Commission for an IPO on Monday. OpenAI did not disclose the size or terms of [...]
Even Zack Polanski’s favourite economist admits wealth taxes don’t work June 8, 2026 Gabriel Zucman has told Zack Polanski’s podcast that wealth taxes don’t work – so why are they both so keen to bring them back? Asks Kristian Niemietz “The historical experience with wealth taxation, by and large, is a failure. Pretty big failure.” Who said that? Was it an economist from a Tufton Street think tank? [...]
Will the SpaceX IPO send retail investors into orbit? June 5, 2026 SpaceX is preparing the largest retail allocation ever attempted in a megacap IPO in its anticipated listing later this month, with Elon Musk seeking to reserve as much as a quarter of the company’s $75bn float for individual investors. Musk reportedly wants ordinary investors cemented near the centre of the group’s ownership straight from blast [...]
Computacenter joins FTSE 100 in reshuffle as index builds tech exposure June 4, 2026 The latest quarterly reshuffle of the FTSE 100 has seen Computacenter, Investec and Aberdeen promoted to the top-tier index of the City’s most valuable companies, bringing a constituent with some direct exposure to the artificial intelligence boom to the City’s most famous benchmark. Computacenter’s rise from the FTSE 250 to blue-chip status looks somewhat like [...]
Space X bumps back to earth as analysts slash value June 3, 2026 Morningstar analysts have valued Space X at $780bn (£579.9bn), a figure less than half of what the company is reportedly aiming for in its upcoming initial public offering. The valuation comes roughly 48 per cent below its private market valuation, with Elon Musk’s company looking for a valuation between $1.7 trillion and $2 trillion. The [...]
Space X to allow British investors to buy into blockbuster IPO June 2, 2026 British investors will be able to buy into Space X’s mega IPO, as the space technology company looks to strip back listing rules as it prepares to go public later this month. The company is anticipated to price its blockbuster initial public offering on the Nasdaq later this month, with the company targeting a valuation [...]
Bluesky bets on the end of X and Meta’s social media grip June 2, 2026 Social media is moving beyond platforms controlled by a “few billionaires”, according to Bluesky’s chief operating officer, as governments in the UK and Europe step up scrutiny of X, Meta, and other Big Techs. Speaking at SXSW London, Rose Wang said Bluesky was built in response to a social media market dominated by a handful [...]
SpaceX helps Scottish Mortgage Investment Trust take off May 27, 2026 Scottish Mortgage Investment Trust revealed the extent of the success of its early backing for Elon Musk’s SpaceX on Wednesday. The buy-and-hold investor’s stake in the rocket maker now amounts to about a fifth of the £16bn fund, as revealed in its results for the year to the end of March. Overall, SMT’s net asset value [...]
SpaceX IPO prospectus is notably vague on Musk’s long-term ambitions May 22, 2026 SpaceX's IPO prospectus is 377 pages long, yet vague around Musk's long-term ambitions for space tourism, asteroid mining and real estate.