SpaceX’s Starbase facility in Texas. Gabriel V Cardenas/Reuters SpaceX shares dropped below their initial public offering price for the first time on Wednesday before closing just above that level, just over a month after the rockets-to-AI firm completed the biggest IPO ever and made Elon Musk the world’s first trillionaire. The shares slid 0.6% to…
Today, the World Health Organization (WHO) has added the first molecular diagnostic test for Bundibugyo virus (BDBV) to its Emergency Use Listing (EUL). The test detects the virus by identifying its genetic material in blood samples, helping confirm infection rapidly and accurately. WHO’s EUL procedure assesses the quality, safety and performance of essential health products…
Elon Musk closes in on $1 trillion as SpaceX raises $75 billion. (Image created by GenAI with images by James Duncan Davidson | CC BY-NC 3.0 and SpaceX) Institutional investors piled into SpaceX, with demand for its stock at $135 a share – valuing the company at a world record listing price of $1.77 trillion…
AI giant Anthropic has confidentially filed for a US initial public offering, teeing up what could become a watershed moment for Wall Street’s AI frenzy. The move sets up a high-stakes test of whether investor appetite for the AI revolution that has reshaped white-collar work around the world can match the sky-high expectations surrounding the…
French media and entertainment group Canal+ has formally confirmed it will conduct a secondary listing on the main board of the JSE on Wednesday, 3 June 2026, becoming the first French company to list on the Johannesburg bourse. The pre-listing announcement, published on Tuesday, sets out the terms of the fast-track secondary inward listing of…
Thomas Mukoya/Reuters Airtel Africa on Friday delayed the planned public listing of its mobile money business to the second half of 2026 and forecast a near-term margin squeeze due to higher costs arising from the ongoing US-Israeli war against Iran. The war has triggered an unprecedented crunch in crude supplies from the Middle East and…
Canal+, the global media and entertainment group that took control of MultiChoice last year, has confirmed it will conduct a secondary listing on the JSE on 3 June, becoming the first French company to do so. The inward listing remains subject to final approval from the bourse, which the company said is “expected to be…
BLU’s carrying value of Cell C has dropped. (Photograph by Nicola Mawson) JSE-listed Blu Label Unlimited is set to take a R5.2 billion hit on its stake in Cell C because the value of its investment at listing was lower than the value it was carrying on its books, resulting in an accounting loss. In…
Cell C is set to list on the JSE on 27 November. (Photograph by Nicola Mawson) Cell C is on track to debut on the JSE – which ITWeb understands will be next Thursday – as planned, despite a legal challenge of a 2024 approval of a change in majority ownership. The network operator’s former…
Cell C has cut the offer price for its imminent JSE debut, trimming as much as R3.50/share off the bottom of the original range and knocking roughly R1-billion to R3-billion off its hoped-for valuation. In an update to investors on Friday, Blu Label Unlimited Group, Cell C’s largest shareholder, said it has approved a final…
