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Y'all Street Launches: Texas Stock Exchange Goes Live in Dallas
2 months ago
- Texas Stock Exchange (TXSE) officially launched in Dallas with major backers including BlackRock, Goldman Sachs, and Charles Schwab.
- The exchange plans to begin corporate listings later this year and facilitate IPOs starting in 2027.
- TXSE aims to compete with NYSE and Nasdaq, leveraging the economic growth of Texas and the 'Boom Belt' region.
- The permanent headquarters will be in Dallas' Bank of America Tower, featuring a Texas Market Center with executive offices, museum, and broadcast studio.
- The launch coincides with Texas' efforts to attract businesses from high-tax states like California and New York.
The month Generative AI lost its mojo
2 months ago
- OpenAI's IPO delay is attributed to a lack of confidence from investors, with concerns about retail enthusiasm and financial solidity.
- The delay may negatively impact partner companies like SpaceX, Nvidia, Oracle, and others, which have seen recent stock declines.
- US AI policy is criticized as ineffective, and large language models (LLMs) are increasingly seen as a commodity, signaling broader industry challenges.
- AI bulls argue revenue is rising, but skeptics note profitability remains unproven and unsustainable, citing factors like one-time subsidies and competition from Chinese models.
- Anthropic may have better financial prospects than OpenAI, but its profitability is still uncertain, and the overall AI industry faces headwinds.
Chinese chipmaker shares surge 470%
2 months ago
- ChangXin Memory Technologies (CXMT) shares surged over 470% on their Shanghai Stock Exchange Star Market debut.
- The surge pushed CXMT's market valuation to around 3.3 trillion yuan ($487.3 billion), making it mainland China's most valuable listed company.
- CXMT produces DRAM chips used in AI data centers, mobile phones, PCs, and other devices.
- Only 7% of CXMT's shares are available for trading, contributing to the extreme price jump due to high demand and limited supply.
- The IPO's success reflects Chinese investors' appetite for homegrown chipmakers amid Beijing's push for tech self-reliance.
- Global DRAM market is dominated by Samsung, SK Hynix, and Micron, which together hold about 90% of production.
SpaceX stock drops to a new low and loses $1T in value in a month
2 months ago
- SpaceX stock has fallen below its $135 IPO price, closing at $131.11 on Thursday.
- The company has lost about $320 billion in market value since its IPO and $1 trillion since its June peak.
- A planned Starship launch was aborted due to engine issues, with a retry scheduled for early next week.
- SpaceX's IPO raised over $85 billion, the largest in history, but the stock has been in steady retreat.
- Upcoming lockup expirations will allow employees and early investors to sell shares after the first quarterly report.
What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
3 months ago
- Bending Spoons went public on Nasdaq, briefly surpassing $25 billion market cap, double its previous $11 billion private valuation.
- The company acquires and holds digital brands like Meetup, Eventbrite, WeTransfer, focusing on financial improvement through tech, AI, price hikes, and layoffs.
- It serves over 500 million monthly active users and 9 million monthly paying customers as of March 2026, with $1.31 billion revenue in 2025.
- Founded from the remains of Evertale, Bending Spoons bootstrapped for years before raising equity and attracting high-profile backers.
- Acquisitions include notable brands like Evernote, Vimeo, AOL, and Eventbrite, often followed by layoffs and operational changes.
- The company reduces headcount post-acquisition but maintains a core team of 'Spooners', with productivity boosted by AI.
- It plans selective future acquisitions, targeting over 1,000 digital businesses, and anticipates scalability improvements through AI.

Y'all Street Launches: Texas Stock Exchange Goes Live in Dallas

The month Generative AI lost its mojo

Chinese chipmaker shares surge 470%

SpaceX stock drops to a new low and loses $1T in value in a month

What is Bending Spoons? The little-known AOL and Vimeo owner that's now public