Tesla and SpaceX weigh merger, with terms still undecided
Musk backs a combination but says an agreement is not assured. Shareholders would need to support any proposal.
Markets
Stock exchanges, currencies, bonds and commodity prices.
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SpaceX revenue climbs 161% as AI unit overtakes Starlink
The company reported a US$4.4 billion quarterly net profit and forecast fourth-quarter spending of US$35 billion to US$40 billion.
Netflix cuts annual ad forecast and projects profit below expectations
The streaming company’s shares fell almost 6% in after-hours trading as it reported third-quarter results on October 20.
Elice shares fall 32% in Seoul trading debut
The South Korean AI data center company raised 201.1 billion won in an IPO whose retail allocation was 400 times oversubscribed.
Supermicro lifts quarterly revenue outlook to as much as US$19.5 billion
The AI server maker also expects gross margins above its earlier forecast, but cautioned that its preliminary figures remain unaudited.
OpenAI reportedly seeks faster US$30 billion funding round ahead of Anthropic IPO
SoftBank Group and MGX are in talks to participate, Reuters reported, with the financing potentially valuing OpenAI at more than US$1.4 trillion.
Eric Schmidt reportedly holds about 1% of Anthropic ahead of IPO
Bloomberg said the former Google chief invested in 2021, but whether he has since sold shares remains unclear.
Nscale’s US$30 billion IPO target draws investor objections
Some investors told Bloomberg that a valuation between US$16 billion and US$19 billion would attract more buyers.
Ericsson beats earnings forecasts and announces Asia-Pacific merger
Shares gained as much as 11% in Stockholm after the telecom equipment supplier reported 7% organic sales growth.
TSMC reports record quarterly profit, signals caution over 2027
The chipmaker raised its 2026 revenue growth forecast to about 44% in dollar terms while warning of pressure on price-sensitive markets.
