Jeff Bezos
SpaceX aims for $800 billion valuation in secondary share sale, WSJ reports
Elon Musk’s SpaceX, is initiating a secondary share sale that would give the company a valuation of up to $800 billion, The Wall Street Journal reported Friday. SpaceX is also telling some investors it will consider going public possibly around the end of next year, the report said. At the elevated price, Musk’s aerospace and […]
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Where billionaires’ investment firms placed their bets in November
Key Points Family office deal-makers have yet to pick up the pace even as the end of the year draws near. But investment firms of billionaires, including those of Jeff Bezos and Bernard Arnault, are still banking on AI health-care startups. For family offices looking to tap into the artificial intelligence boom and make an […]
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Figure AI sued by whistleblower who warned that startup’s robots could ‘fracture a human skull’
Startup Figure AI is developing general-purpose humanoid robots. Figure AI Figure AI, an Nvidia-backed developer of humanoid robots, was sued by the startup’s former head of product safety who alleged that he was wrongfully terminated after warning top executives that the company’s robots “were powerful enough to fracture a human skull.” Robert Gruendel, a principal […]
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Buffett’s Google bet comes 2 decades after billionaire investor ‘inspired’ search giant’s IPO
Key Points Warren Buffett’s Berkshire Hathaway revealed late Friday that it owns a $4.3 billion stake in Google parent Alphabet as of the end of the third quarter. Alphabet shares rallied on Monday and are now up about 50% this year, driven in part by the artificial intelligence boom. Berkshire’s rare bet on a big […]
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CNBC Daily Open: Even a Supreme Court ruling might not spell the end of tariffs
The US Supreme Court in Washington, DC, US, on Monday, Oct. 6, 2025. Graeme Sloan | Bloomberg | Getty Images The U.S. Supreme Court on Wednesday heard a case on the Trump administration’s “reciprocal” tariffs, and both liberal and conservative judges appeared skeptical of the legal basis of those tariffs. Following the hearing, traders on […]
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Amazon upheaval: With morale shaken, Jassy looks for next big play after mass layoffs
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy sat on a stage in a Seattle conference center in September, looking out at an audience of thousands of sellers who’d traveled from around the world to the company’s […]
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Amazon’s new subsea internet cable Fastnet will have the capacity to stream 12.5 million HD movies simultaneously
Amazon is building a subsea fiber-optic cable called Fastnet to connect Maryland’s Eastern shore to County Cork, Ireland, in what will be the company’s first wholly-owned subsea cable project. Subsea fiber-optic communication cables carry over 95% of international data and voice traffic across the globe. These cables transmit hundreds of terabits of data per second […]
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SpaceX and Blue Origin both submitted plans to get astronauts back to the moon faster, NASA says
SpaceX’s Starship rocket 38 launches during the 11th test flight on October 13, 2025 as seen from South Padre Island in Texas. Gabriel V. Cardenas | Afp | Getty Images SpaceX said it has pitched NASA a “simplified mission” to put astronauts back on the moon following criticisms over delays by Sean Duffy, the space […]
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Cramer: Amazon layoffs will help costs, but growth in this one area is what’s needed most
Amazon ‘s latest round of layoffs may help the bottom line, but CNBC’s Jim Cramer encouraged investors to keep their eyes on what really matters. That would be Amazon Web Services. The e-commerce and cloud giant said Tuesday it will cut 14,000 corporate jobs, or about 4% of the total corporate and tech workforce, to […]
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Amazon laying off about 14,000 corporate workers as it invests more in AI
People pass by The Spheres in downtown Seattle, Washington, on June 25, 2025. Juan Mabromata | AFP | Getty Images Amazon said Tuesday that it will lay off about 14,000 corporate employees, marking the latest cuts in the company’s multi-year effort to rein in costs. In a blog post, the company wrote that the layoffs […]
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