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5 mins read
Inside David Solomon's evolution of Goldman Sachs
It's been a tumultuous year for Goldman Sachs, specifically for CEO David Solomon. But his adjustme…
Dan DeFrancesco
2 mins read
Chamath Palihapitiya's SPACs will offer retail investors a way into its IPOs through SoFi's platform
The SPACs will make 5% of shares from the IPOs available to retail investors through SoFi's online …
Natasha Dailey
2 mins read
Chamath Palihapitiya and Richard Branson are being sued over allegedly covering up flaws in Virgin Galactic's spaceships and pocketing millions by dumping shares
Palihapitiya and Branson took advantage of an "artificially inflated" stock price while knowing Vir…
Shalini Nagarajan
1 min read
JPMorgan downgrades Chamath Palihapitiya-backed Clover Health - and expects the stock to flatline over the next 16 months
Clover Health jumped in June when it gained meme-stock status. But JPMorgan analysts think it will …
Harry Robertson
2 mins read
Billionaire Chamath Palihapitiya, who helped take Virgin Galactic public via a SPAC, has stepped down as the spaceship company's chairman
Palihapitiya said he's leaving Virgin to "focus on other existing and upcoming public board respons…
Shalini Nagarajan
2 mins read
Richard Branson is reportedly working on his first European SPAC after launching 2 companies through blank-check firms in the US
Sky News said Branson's business is working with bankers on the European SPAC, which could be annou…
Carla Mozée
3 mins read
Indian start-ups are looking at reverse flipping says Economic Survey
Indian start-up companies are looking at 'reverse flipping' - not a cricket terminology - with easy…
2 mins read
SoFi to go public via SPAC backed by billionaire investor Chamath Palihapitiya
The deal will value SoFi at almost $9 billion, nearly double its last funding round of $4.3 billion…
Matthew Fox
2 mins read
Virgin Galactic will become the first space-tourism company to list on the New York Stock Exchange next week
Since its founding in 2004, Virgin Galactic has raised more than $1 billion to develop the first co…
Carmen Reinicke
1 min read
Virgin Galactic tumbles as billionaire chairman Chamath Palihapitya sells $211 million stake
Virgin Galactic shares tumbled after a filing showed billionaire chairman Chamath Palihapitya sold …
Carla Mozée
1 min read
Richard Branson's Virgin Orbit to go public in SPAC merger valuing the satellite launch company at $3.2 billion
Virgin Orbit in January took 10 small satellites to Earth's orbit for NASA in its first successful …
Carla Mozée
3 mins read
Dow plummets 376 points as Trump halts stimulus talks until after election
The stock market had in recent weeks been pricing in the possibility of preelection stimulus — and …
Ben Winck
2 mins read
Richard Branson's Virgin Galactic is going public in 3, 2, 1...
Virgin Galactic has raised upwards of $1 billion since its founding in 2004, and collected about $8…
Theron Mohamed
2 mins read
Billionaire Richard Branson to raise $400 million for new SPAC as it looks to expand its Virgin empire
VG Acquisition Corp, the new blank check company, plans to sell 40 million units at a price of $10 …
Saloni Sardana
2 mins read
US stocks trade mixed as investors await economic-outlook speech from Fed's Powell
Fed Chair Jerome Powell is expected to reemphasize the importance of new fiscal stimulus when he sp…
Ben Winck
1 min read
Cathie Wood's Ark Invest sells 590,804 Virgin Galactic shares a week after buying 514,627 shares
Two of Cathie Wood's ETFs sold 590,804 shares of Virgin Galactic on Monday after buying some 514,62…
Will Daniel
2 mins read
Fintech firm SoFi to allow users to buy directly into IPOs
The move comes a day after Robinhood said it is looking to allow its users to also buy directly int…
Isabelle Lee
2 mins read
Credit Suisse says investors should buy Virgin Galactic because of its 'near-term monopoly' in commercial space tourism
The lack of current offerings for space tourism enables "sticky pricing," as well as the potential …
Daniel Strauss
3 mins read
India’s growth story more promising than other EMs, says market veteran Nilesh Shah
Nilesh Shah, MD & CEO at Kotak Mahindra AMC highlights how the Indian economy has turned attractive…
4 mins read
It's been 20 years of Mukesh Ambani's leadership, and here's how RIL grew
Mukesh Ambani took over as the Chairman and Managing Director of Reliance Industries Limited (RIL) …