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.
Markets
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.