Markets

Jamie Dimon is throwing a party to woo SpaceX employees who just struck it rich

A SpaceX-branded tomahawk steak carving station.That’s the kind of extravagant detail JPMorgan put into a celebration for Elon Musk’s rocket-making company’s record-breaking public debut.JPMorgan is set to host around 250 SpaceX employees at its new Park Avenue headquarters for an intergalaxy-inspired evening with dinner and cocktails Friday, a source familiar…

SpaceX IPO raises B in largest public market debut in history

Elon Musk’s SpaceX debuted on the public market on Friday, raising $75 billion in what was the largest IPO in history. SpaceX’s IPO more than doubled the previous IPO record and provides the company with capital to help finance what Musk explained on a pre-IPO livestream with JPMorgan Chase will…

Elon Musk becomes world’s first trillionaire following SpaceX IPO

Elon Musk’s SpaceX began trading at $150 a share on Friday, above its listing price of $135 a share, making him the world’s first-ever trillionaire following the IPO. The rocket and satellite company raised a record $75 billion, valuing the company at about $1.8 trillion, pushing the value of Musk’s…

Meta’s Instagram and Facebook hit by outages

Facebook and Instagram were suffering from widespread outages on Friday morning.Outage reports spiked on the third-party website DownDetector.com.”We’re aware people are currently having trouble accessing our services,” Meta’s communication director, Andy Stone, said in a post on X. “We’re working on it.” Meta’s systems dashboard page also showed “high disruptions”…