All articles tagged with #public company
A potential SpaceX IPO could be the largest ever, valued at around $1.5 trillion, offering investors a rare glimpse into its operations and profits, but it also presents Musk with increased scrutiny and regulatory challenges, contrasting with his previous preference for private control.
Beyond Meat has rescheduled its Q3 2025 financial results to November 11, 2025, due to an expected material non-cash impairment charge related to its assets, and will hold a conference call to discuss the results.
Beyond Meat has rescheduled its Q3 2025 financial results announcement to November 11, 2025, due to the need to finalize a material non-cash impairment charge related to its assets, and will hold a conference call to discuss the results.
Chegg will remain a standalone public company, with CEO Dan Rosensweig returning to lead as it restructures to improve cash flow and focus on the $40+ billion skilling market, including layoffs and strategic shifts towards AI-powered learning and professional upskilling.
The Ether Machine is going public through a merger with Dynamix Corporation, with over $1.5 billion in committed capital, aiming to provide institutional-grade exposure to Ethereum via staking, DeFi, and infrastructure solutions, led by a team of blockchain pioneers and finance veterans.
Cincinnati gained a new public company as General Electric split into two entities, GE Aerospace and GE Vernova, with GE Aerospace becoming Cincinnati's newest public company, led by CEO H. Lawrence Culp Jr., and headquartered in Evendale.
Former President Donald Trump's social media start-up, Truth Social, saw its stock surge 16% on its first day of trading, making Trump's paper fortune worth over $4.6 billion. However, the company's valuation doesn't align with its business performance, as it earned $3.4 million in revenue and lost $49 million in the first nine months of 2023. Trump's 60% stake in the company is subject to a six-month lockup, preventing him from selling or using the shares as collateral. The company's most popular user, Trump, has 6.7 million followers, and it faces competition from larger social media platforms. Critics raise concerns about potential influence-seeking and financial benefits for Trump as a major shareholder in a public company.
Jack Dorsey, the co-founder of Twitter, said that Elon Musk was the "only alternative" to Twitter being taken over by "Wall Street activists" and hedge funds. Dorsey said that Twitter would have "never" survived as a public company. He also said that Musk hadn't "acted right" when he realized the "bad" timing of the acquisition. Dorsey has previously made warmer comments about Musk, saying that he was "really happy" about Musk joining Twitter's board after the SpaceX cofounder took a stake in the company.