Companies & CEOs
SAS orders Airbus aircraft worth over $10 billion - 07/01/2026
Scandinavian Airlines (SAS) revealed plans to acquire 40 wide-body planes from European aerospace company Airbus. The airline stated that this "constitutes the biggest aircraft order ever made by SAS, totaling over $10 billion in list price." The airline noted that this investment marks the largest modernization of the SAS fleet in years, providing considerable enhancements in fuel efficiency,...
Microsoft loses $570 billion in market cap in worst month since 2000 - 06/30/2026
According to trading data reported by Bloomberg, Microsoft shares are facing their most significant monthly decline since the dot-com period. Since early June, stock prices have decreased by 17%, marking their poorest performance since at least December 2000. The decline has reduced Microsoft's market cap by over $570 billion. Investors are apprehensive regarding Microsoft, the largest software...
Baidu's AI subsidiary plans IPO with $50 billion valuation - 06/30/2026
Kunlunxin, a branch of Chinese tech giant Baidu focused on AI chip development, intends to conduct an IPO in Hong Kong aiming for a valuation of $50 billion, The Information reports, citing informed sources. The publication states that in attracting investors, Kunlunxin will focus on those who agree to buy its chips. Sources indicate that the acquisition cost is anticipated to be three to seven...
Chevron is exploring new deals to supply power to US data centers - 06/29/2026
Chevron Corp. is looking into new agreements to provide electricity to US data centers, Jeff Gustavson, president of its renewable energy division, informed Reuters. On June 22, the firm revealed a 20-year contract with Microsoft to provide energy to a data facility in west Texas. The gas-fired power plant for Project Kilby will be constructed to achieve this goal. Set to start functioning in...
OpenAI may delay IPO until next year - 06/26/2026
The American AI firm OpenAI intends to delay its initial public offering (IPO) until next year, according to The New York Times, which references three sources. The firm was anticipated to launch its public offering this autumn. Experts estimate that OpenAI's market valuation will be around $1 trillion. According to sources, the advisers to the company suggested postponing until next year to...
Toyota to cut overseas production by 100,000 vehicles this fiscal year - 06/25/2026
Toyota Motor Corp., the Japanese automaker, intends to cut overseas production by about 100,000 vehicles in the current fiscal year (ending March 2027) due to diminished demand resulting from the extended closure of the Strait of Hormuz, according to Nikkei. The company has informed key component suppliers about its updated production plans, as stated in the publication. Fuel costs have surged...
SK Hynix plans to raise over $29 billion in US IPO - 06/25/2026
SK Hynix, a memory chip manufacturer from South Korea, anticipates generating 45.45 trillion won ($29.4 billion) from its IPO in the USA, according to the company statement’s reported by Bloomberg. The company intends to utilize the funds to increase production capacity and acquire deep-ultraviolet photolithography machinery for chip manufacturing. Trading of SK Hynix's American Depositary...
PERN to build four fuel storage facilities for Aramco in Poland - 06/24/2026
PERN, the Polish pipeline operator, revealed that it has inked a multi-year agreement with Aramco Fuels Poland (AFP) for fuel storage at facilities in Poland. "PERN plans to construct four additional storage facilities at various locations in Poland by 2028. Extra AFP storage capacity in the PERN system will enhance operational planning and inventory management, boost supply stability, and...
DeepSeek valued at over $50 billion in funding round - 06/17/2026
DeepSeek secured more than 50 billion yuan ($7.4 billion) in its initial funding round and achieved a valuation exceeding $50 billion, making it the most valuable AI startup in China, as reported by The Wall Street Journal, referencing sources. DeepSeek's founder and CEO, Liang Wenfeng, made the most significant investment, around $3 billion. The National Artificial Intelligence Industry...
Australia's richest woman buys over $1 billion in SpaceX shares - 06/16/2026
Gina Rinehart, the wealthiest individual in Australia, has acquired a share valued at more than $1 billion in Elon Musk's American SpaceX via her firm, Hancock Prospecting, as reported by The Wall Street Journal. Rinehart told about the investment via email, and a source revealed the stake's size. The investment indicates Hancock's trust in Musk and the necessity for additional Western funding...
