Technology
SpaceX Bought the Airwaves. It Still Needs a Phone Network.
SpaceX agreed to buy nationwide 800 MHz spectrum for Starlink Mobile, and Verizon had its worst day since 2002. Analysts say the network is the hard part.
Markets
Automotive
Lucid Shows Its Math: $1.4B in Cuts, a Year's Slip, 2027 Runway
The call Lucid's bankruptcy denial pointed to delivered a $1.26 billion loss, a $1.4 billion self-help plan, a midsize slip to 2027, and a runway claim that didn't move.
Automotive
Lucid Denies Bankruptcy After 57% Plunge. The Math Is Still Hard.
A blog post claiming Lucid was weighing Chapter 11 or a take-private deal crushed the stock mid-session. The company called the rumors false—and the operating numbers explain why the market flinched.
Technology
SpaceX Prices the Largest IPO Ever. The Filing Tells a Harder Story.
SpaceX priced its IPO at $135 a share Thursday, a roughly $1.77 trillion valuation and the largest stock-market debut in history. It trades Friday as SPCX — the first of the season's three mega-offerings to actually cross the line. The public S-1 reveals a lopsided business: one profitable utility funding a pile of expensive ambitions.