Elon Musk's SpaceX isn't the financial juggernaut that many were expecting, according to the IPO prospectus it filed yesterday. The big picture: It's expected to be the largest IPO ever, and could make Elon Musk the world's first trillionaire. - But the prospectus shows just how much the IPO depends on expectations for future growth and investor servility to Musk — as opposed to the current underlying business. - Those expectations will be severely tested if SpaceX really wants to be valued at $1.75 trillion — which would make it one of the world's 10 most valuable companies. By the numbers: SpaceX is wildly unprofitable, reporting a $4.9 billion net loss on $18.67 billion in consolidated revenue for 2025. - For context, 200…
Over the course of two hours Wednesday afternoon, the AI industry produced an extraordinary stream of headlines mapping out the vast architecture of its ambitions. Why it matters: One historic news cycle peeled back virtually every layer of the AI revolution — smarter systems, exploding revenues, roaring markets, staggering infrastructure demands and a federal government racing to catch up. Zoom in: Together, Wednesday's developments helped crystallize the core pillars of the emerging AI order. 1. Brains: OpenAI announced that one of its general-purpose reasoning models autonomously cracked a famous geometry problem that had stumped mathematicians for 80 years. - The implications are enormous: an AI capable of original mathematical…
On Wednesday’s “Finnerty,” Rob discussed the power of Donald Trump’s endorsement, pointing to Tuesday’s primaries, including Kentucky’s 4th Congressional District GOP primary, where Trump-backed Ed Gallrein defeated incumbent Thomas Massie.
ANSWERING FOR FOREIGN AFFAIRS: Rep. James Comer talks to Rob Finnerty about international missions being carried out by the Trump administration and the domestic issues, like gas prices, they can't ignore ahead of the midterm elections — plus the ouster of Rep. Thomas Massie by a Trump-endorsed candidate.
On Wednesday’s “Finnerty,” Jennie Taer discussed her findings, exposing alleged Chinese birth centers found hiding in Texas, and addressed claims that some Chinese nationals may be exploiting birthright citizenship laws.
On Wednesday's "Greg Kelly Reports," Greg talked about a Former prosecutor charged with emailing herself Jack Smith report, disguising it as cake recipe.
Rep. Thomas Massie’s primary loss in Kentucky is the third high-profile example this cycle of President Donald Trump successfully taking down Republicans who defy him.
Republicans work to pass reconciliation bill but ballroom money may get left out, Trump says Gulf allies persuaded him not to resume attacks on Iran, U.S. indicts Cuba's former President Raúl Castro.
Some Americans seem to be extra-alarmed about Ebola and hantavirus in the wake of COVID-19. But public health experts say they don't expect another pandemic this time.
