To The Moon

SpaceX's initial public offering may be the largest IPO ever, but it might just be a prelude to the largest merger ever -- a combination of Tesla with Elon Musk's space venture.On April 1, SpaceX reportedly filed confidentially for an IPO. It's likely to raise $75 billion, more than double the $29 billion Saudi Aramco raised in 2019, and three times the $25 billion Alibaba Group Holding raised in 2014. Its valuation could come in close to $2 trillion, immediately making the company the sixth-most valuable in the U.S. Not bad for a venture that was worth only $350 billion a year ago and was founded by a 30-year-old who thought it was dumb to dispose of rockets as if they were plastic straws.

By Vera Bergengruen, Shelby Holliday and Georgi Kantchev. President Trump's announcement that the U.S. military would blockade the Strait of Hormuz sets up a risky new showdown that could draw American forces into a prolonged struggle to control the strategic chokepoint while compounding the global economic damage caused by the conflict.Hours after U.S. peace talks with Iran broke down in Pakistan, Trump said that the Navy would begin the blockade, "seek and interdict" vessels that had paid Iran to get through the strait, and then start clearing the waterway of sea mines. "He added that any Iranian forces that fired on U.S. troops or commercial shipping would be "BLOWN TO HELL." The blockade is set to begin Monday at 10 a.m. Eastern Time, according to U.S. Central Command.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .

Iran's Fars News Agency Says Oil Tankers Passing Through Hormuz Have Been Stopped After Israel's 'Ce

President Donald Trump confirmed that the U.S. is ready to carry out heavy strikes against Iran if his 8 pm deadline is not met Tuesday.Trump made the comments during a phone interview with Fox News'...

ROI-It's time to end the world's delusions over the Iran energy crisis: RussellThe views expressed here are those of the author, a columnist for Reuters.By Clyde Russell

Trump issued another ​warning to Iran on ‌Monday to open the Strait of Hormuz or ​risk U.S attacks ​on its oil wells and ⁠power plants.

It’s been a chaotic month in markets since the U.S. and Israel attacked Iran on Feb. 28, prompting a surge in oil prices.The Dow Jones Industrial Average fell into a correction Friday for the first...

$Tesla(TSLA)$ stock was down early Thursday, while oil prices rose again, following Iran's rejection of America's conditions to end the war.That's a little odd. In the past, Tesla's stock got a boost...

SAN FRANCISCO -- Rene Haas, chief executive of the chip company Arm Holdings, took the stage Tuesday in a repurposed waterfront pavilion to unveil his company's latest product: a new design for the same type of computer chip that Arm has specialized in for more than 30 years."People thought CPUs were dead," Haas told the crowd. But as artificial intelligence rapidly develops, "You need more and more CPUs," he said. "Lots of them.". The explosion of so-called agentic AI has driven a wave of demand for CPUs, and chip companies are moving quickly to capitalize on it. Nvidia, the semiconductor giant, is known best for making powerful graphics processing units, or GPUs, which accelerate the computing needed to train and run complex AI models. It announced last week that it would offer a new server rack consisting only of its Vera CPUs, with no graphics cards attached.Haas said in an interview that Arm expects annual revenue roughly to quintuple to around $25 billion over the next half-decad

Trump on Saturday threatened to "obliterate" Iran's power plants if Tehran ​does not fully reopen the Strait of Hormuz within 48 hours.