Keep pulling the thread on Bad Bunny.
The stock price of Avis Budget Group surged from approximately $100 per share to a peak of $713 per share in about one month.
Two hedge funds, SRS and Pentwater, have a combined economic exposure equivalent to 108% of Avis Budget Group's stock through a mix of direct share ownership and swap positions.
SpaceX is reportedly planning to conduct its Initial Public Offering (IPO) in June.
SpaceX has made a decision to acquire Cursor, a company that develops AI-powered coding tools.
The breakup fee for the planned acquisition of Cursor by a company associated with Elon Musk is $10 billion, which represents an unusually high 17% of the total deal value.
SpaceX plans to go public with a dual-class stock structure, where Elon Musk will hold shares that have 10 votes per share, ensuring his control over the company.
Matt Levine speculates that a potential long-term strategy for Elon Musk is to have the newly public, dual-class controlled SpaceX acquire Tesla, thereby giving him voting control over the combined entity.
SpaceX is reportedly planning to go public at a valuation of 100 times its forward revenue.
The share price of Avis Budget Group rose from approximately $100 to a peak of $713 within a one-month period.
Elon Musk has stated that he is unwilling to develop advanced AI and robotics at Tesla if he does not have control of the company.
The hedge fund Schoenfeld is suing former Millennium employee Adam Grunfeld for $11 million after he reneged on a signed employment agreement.
Prediction market Polymarket uses a temperature sensor located at Charles de Gaulle Airport in Paris to settle bets on the weather in Paris.