Less than a week after its blockbuster $75 billion initial public offering, SpaceX has appointed veteran Sequoia Capital investor Roelof Botha to its board as an independent director. According to a regulatory filing, Botha will also join the aerospace giant’s audit committee effective immediately. Read: Siri AI: A deep dive into Apple’s new intelligent assistant…
The Manus logo is displayed on a smartphone screen, with the Meta logo visible in the background. Cheng Xin | Getty Images News | Getty Images Meta Platforms has begun dismantling its $2 billion acquisition of Manus, according to a Bloomberg report, as the tech giant moves to comply with Beijing’s unprecedented order to unwind…
The Blackstone headquarters in New York, US, on Wednesday, July 17, 2024. Bloomberg | Bloomberg | Getty Images Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10…
Retail investors are rushing into the space investing trade ahead of the SpaceX IPO, and one ETF has cashed in on the excitement. Tema ETFs’ Space Innovators ETF, which launched on March 30 and trades under the ticker symbol NASA, crossed $1 billion in assets in just 37 trading days, and by the end of…
International Business Machines Corp. (IBM) has announced an aggressive, two-pronged technological investment campaign totalling $15 billion. According to an SEC filing on Thursday, the computing giant will commit over $10 billion toward delivering the world’s first large-scale, fault-tolerant quantum computer by 2029, alongside a separate $5 billion initiative to secure global open-source software pipelines. Read:…
The WAEMU public securities market recorded strong demand in the week of May 12 to May 15, with 3 member states raising CFA92 billion against an initial target of CFA85 billion. Investors submitted CFA196.67 billion in bids, giving the week a coverage rate of 231%. The estimated absorption rate was 47%, showing that treasuries received…
The president says growing trade and investment ties between Nigeria and France must now deliver concrete economic benefits, including jobs, industries, infrastructure and expanded private sector investment. President Bola Tinubu says the growing economic relationship between Nigeria and France must now translate into tangible development outcomes, as trade between both countries reached $4.7 billion in…
Questions arise over Chinese firm’s Sh50 Billion Lamu Port dredging as container ship runs aground The MV Baltimore Express at the Port of Lamu. PHOTO/KPA. By MARITIME CORRESPONDENT [email protected] Questions have arisen over the dredging of the Lamu Port channel after a ship ran aground before it was lightened and subsequently managed to berth on…
Recent reports indicate that Anthropic, the creator of the Claude AI models, has agreed to pay Google a staggering $200 billion over the next five years for access to cloud servers and specialized chips. This follows an earlier announcement this month regarding a partnership that granted the AI startup significant infrastructure resources. This massive agreement…
South Africa’s Competition Commission has approved the R1 billion acquisition of major payment platform Pay@ by the fintech group Araxi. The transaction, facilitated through Araxi’s African Resonance subsidiary, involves the acquisition of Pay@ and its cross-border expansion arm, IPH, without conditions. The Commission determined that the deal is unlikely to substantially diminish competition in any…
