Elon Musk's almost inconceivable fortune has expanded the Overton window of wealth.
Why it matters: Big, round numbers have a remarkable way of focusing minds and setting narratives.
The first trillionaire — much less a trillionaire known for erratic personal behavior, online trolling and support for global right-wing politics — will likely reignite discussion of the diverging fortunes of wage earners and those with market-based wealth, as well as their growing political power.
SpaceX and lead IPO banker Goldman Sachs began meeting with prospective IPO investors back in January, Axios has learned.
Why it matters: This preemptive playbook is likely to be replicated for Anthropic and OpenAI — both of which plan to go public later this year -- given how smoothly SpaceX stock launched on Friday.
San Francisco-based Coinbase is one of the latest companies to pair layoffs with announcements that AI is changing the way the company operates.
Why it matters: Companies are increasingly blaming AI for job cuts, but a messier mix of automation, cost-cutting and market pressure are also factors.
Flutter Entertainment, the NYSE-listed parent company of FanDuel and Betfair, has disclosed plans to delist shares from the London Stock Exchange.
Why it matters: London keeps losing listings to New York, either at IPO or after, with companies citing everything from market liquidity to costs to executive compensation rules.
Oil prices have defied predictions of even bigger increases than we've seen — but the markets' shock absorbers could easily wear out later this summer unless the Strait of Hormuz opens soon, analysts warn.
Why it matters: If the stockpiles run too low and oil prices surge, prices at the pump — which have been falling lately — could spike again as the midterm elections approach.
Data: Financial Modeling Prep; Note: The timing of the start of trading for IPOs often varies; Chart: Erin Davis/Axios Visuals
SpaceX shares are set to start trading Friday, and what to expect is anyone's guess: There's no such thing as a typical Day 1 for an initial public offering.
Dana White likes to say he sells "holy sh*t moments for a living."
Sunday night, the UFC CEO will attempt his magnum opus on the biggest stage in combat sports history.
Why it matters: The UFC and President Trump have forged one of the most successful cultural alliances in modern politics, carrying mixed martial arts (MMA) from the fringe of American sports to a starring role in the country's 250th anniversary.
Building data centers in space is more complicated than proponents might portray, but experts say it's increasingly doable.
Why it matters: With data center protests growing on earth, Elon Musk, Jeff Bezos and others have been eyeing the vastness of outer space as the next frontier.
