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Bloomberg Markets 11/01/2024

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SpaceX IPO Filing: The Key Numbers

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SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses and a super-voting share plan allowing Elon Musk to keep the company under his control.

The rocket, satellite and artificial intelligence giant has reported a net loss of $4.28 billion on revenue of $4.69 billion for the first quarter. Some investors remain doubtful whether the sum of Musk’s aspirations for SpaceX are worth valuing at as much as $2 trillion.

’s Charlie Wells discusses on “The Pulse with Francine Lacqua.”
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StanChart CEO Says AI Could Replace ‘Lower-Value Human Capital’

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Standard Chartered said it plans to eliminate thousands of support roles over the next four years, joining the ranks of global …

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Trump Ethics Filings Reveal Unusually High Number of Tech Stock Trades

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President Donald Trump’s latest financial disclosures show that he or his investment advisers made more than 3700 trades in the …

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Ray Dalio: ‘Expect a Tribute System’ as China Influence Grows

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After spending time with leaders across Asia and China, Ray Dalio says the perception of American power is shifting fast.

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US Says China to Buy $17 Billion in Farm Goods Annually

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China has agreed to buy at least $17 billion of agricultural products annually through 2028, the US said after Donald Trump and …

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