Elon Musk's SpaceX warns IPO investors of potential share dilution
SpaceX has warned prospective IPO investors that future acquisitions could dilute their ownership stakes as the company targets a $1.75 trillion listing on Nasdaq.
North America
How Giannis Antetokounmpo built a global business empire worth hundreds of millions
Giannis Antetokounmpo has built a sprawling business empire spanning real estate, media, sports ownership and venture capital alongside his $175 million NBA contract.
Steph Curry signs landmark 10-year Li-Ning deal as his business empire hits $174 million in revenue
Steph Curry has signed a landmark 10-year deal with China's Li-Ning for his Curry Brand, capping a remarkable year for his off-court business empire.
Byron Allen spends $91.3 million on a new Aspen home two years after selling his last one for $60 million
Byron Allen has paid $91.3 million for a mountain home in Aspen, Colorado, returning to the ski resort town two years after selling his previous property.
Jay-Z and Jack Dorsey bet $23 million on Africa's Bitcoin future. Here is what happened next
Jack Dorsey and Jay-Z donated 500 Bitcoin to back Africa's Bitcoin future in 2021. Five years on, the bet is paying off.
Rihanna made more from one powder compact at the Super Bowl than from performing the songs that made her famous
Rihanna's 50/50 joint venture with LVMH turned Fenty Beauty into a billion-dollar asset. Her entire 20-year music career, by comparison, generated an estimated $100-200 million in total earnings.
Black billionaire David Steward's son paid $17 million for a horse farm in Florida with 38 stalls
David Steward II paid $17 million for a horse farm in Wellington's Grand Prix Farms, one of Florida's most exclusive equestrian communities.
Byron Allen takes over Stephen Colbert's CBS slot and buys BuzzFeed in a massive media power play
Byron Allen has seized Stephen Colbert's CBS late-night slot and acquired BuzzFeed in a bold media expansion that caps decades of building Black-owned broadcast infrastructure.
Italy bans Kanye West from Reggio Emilia show over safety fears
Italian authorities have blocked Kanye West from performing in Reggio Emilia, citing public order concerns, as his troubled European comeback tour loses another date.
Billionaire Robert F. Smith's company sells renovated Palm Beach estate for $29.25 million
A company linked to billionaire Robert F. Smith and his wife Hope has sold a renovated Palm Beach estate for $29.25 million, recording a tidy profit.
Michael Jordan set to pocket millions as PSG's Champions League win triggers jersey sales surge
Michael Jordan is set to pocket millions after PSG's Champions League final win over Arsenal triggered an immediate surge in jersey and merchandise sales.
MacKenzie Scott's Africa giving surpasses $1.5 billion as she deepens ties with continent's top nonprofits
MacKenzie Scott's cumulative giving to Africa has surpassed $1.5 billion, with new grants in 2024 and 2025 scaling up her commitment to the continent.
A SpaceX-Tesla merger would create a $3.4 trillion giant that loses money every year
Elon Musk is weighing a potential merger of SpaceX and Tesla that would create the world's largest-ever company deal at $3.4 trillion.
Billionaire Dr. Dre and Rep. Maxine Waters clash over $360 million Compton School bond measure
Dr. Dre and Rep. Maxine Waters have landed on opposite sides of a $360 million Compton school bond measure ahead of Tuesday's vote.
SpaceX proxy fund investors want out before the June 12 IPO but may be trapped
Investors who rushed into SpaceX proxy funds want out as the June 12 IPO nears, but many face liquidity constraints that could leave them stuck until SPCX begins trading.
Elon Musk's SpaceX cuts its IPO target to $1.8 trillion after a $4.28 billion Q1 loss
SpaceX lowered its IPO target to $1.8 trillion after a $4.28 billion Q1 loss, but retail investors have poured $14 billion into proxy funds since December.