Esteban Tesson

EigenQ Prepares for IPO Amid Surge in Quantum Cybersecurity Demand

EigenQ has announced its plans to go public through a merger with the ad hoc acquisition company Silicon Valley Acquisition Corp. The deal values the firm at approximately $3bn. The company specializes in cybersecurity technologies designed to protect networks and devices against future threats posed by quantum computing, a field garnering increased interest from both corporations and governments.

18 June 2026 at 01:31 am AEST

Trump threatens to resume strikes against Iran, despite progress in negotiations

US President Donald Trump said on Wednesday that the memorandum of understanding currently being negotiated with Iran is not yet final, warning that the United States could resume military operations if the terms of the agreement do not meet his requirements. Speaking at the G7 summit in Evian-les-Bains, he asserted that the proposed memorandum has yet to prove its worth and warned that Washington would return to bombing campaigns if Tehran fails to adhere to the behavior expected by the US.

18 June 2026 at 01:27 am AEST

GM and Lockheed Martin Partner to Bolster US Defense Production

General Motors and Lockheed Martin have announced a strategic partnership designed to support American industrial capabilities within the defense sector. The agreement brings together GM Defense, the automaker's military subsidiary, and the defense giant for projects aimed at meeting rising production demands. Both companies noted that this cooperation was facilitated by the US Department of Defense.

17 June 2026 at 11:41 pm AEST

GM and Lockheed Martin Partner to Bolster U.S. Defense Production

General Motors and Lockheed Martin have announced a strategic partnership designed to support American industrial capabilities within the defense sector. The agreement aligns GM Defense, the automaker's military subsidiary, with the defense giant on projects aimed at meeting rising production demands. Both companies noted that this cooperation was facilitated by the U.S. Department of Defense.

17 June 2026 at 05:56 am AEST

Rivian cuts workforce to accelerate its quest for profitability

According to sources from the WSJ, Rivian has internally announced the elimination of several hundred positions, representing undrt 2% of its workforce, as part of a reorganization aimed at improving profitability. The cuts primarily affect certain teams related to services and customer relations. At the end of last year, the electric vehicle manufacturer employed 15,232 people across North America and Europe. The company maintains that these measures are part of its efforts to scale its business with greater financial efficiency.

17 June 2026 at 05:14 am AEST

EssilorLuxottica and Applied Materials Partner on Smart Eyewear

EssilorLuxottica has announced a long-term partnership with Applied Materials to accelerate the development of AI-integrated smart glasses and augmented reality devices. The two groups intend to collaborate on advanced optical technologies and display solutions designed to drive the large-scale commercialization of this next-generation hardware. The agreement aims to bolster research and development capabilities in a market considered strategic for the future of personal computing.

17 June 2026 at 04:53 am AEST

Rivian cuts workforce to accelerate its quest for profitability

According to sources from the Wall Street Journal, Rivian has internally announced the elimination of several hundred positions, representing less than 2% of its workforce, as part of a reorganization aimed at improving profitability. The reductions primarily affect certain teams related to services and customer relations. At the end of last year, the electric vehicle manufacturer employed 15,232 people across North America and Europe. The company asserts that these measures are part of its efforts to scale its business with greater financial efficiency.

17 June 2026 at 04:28 am AEST

L3Harris Prepares IPO for Its Axyv Missile Division

L3Harris Technologies has appointed JPMorgan Chase and Morgan Stanley to lead the IPO of its Axyv missile division, according to reports from Bloomberg. The transaction could raise up to $2bn, with a listing potentially even occurring next month, depending on market conditions and the progress of the filing.

17 June 2026 at 04:10 am AEST

Snap Launches Its First Consumer Augmented Reality Glasses

Snap has unveiled Specs, its first augmented reality glasses designed for the general public, as part of its strategy to prepare for the post-smartphone era. Set to be marketed later this year in the United States, the United Kingdom, and France, the device will be priced at $2,195, accompanied by a refundable $200 security deposit. According to CEO Evan Spiegel, the objective is to promote a more natural and collaborative form of computing, relying on transparent lenses rather than traditional smartphone screens.

17 June 2026 at 03:42 am AEST

L3Harris Prepares IPO for Axyv Missile Division

L3Harris Technologies has appointed JPMorgan Chase and Morgan Stanley to lead the initial public offering of its Axyv missile division, according to reports from Bloomberg. The transaction could raise up to $2bn, with a listing potentially occurring as early as next month, depending on market conditions and the progress of the filing.

17 June 2026 at 03:02 am AEST

Wall Street lacks direction, Dow Jones hits record high as SpaceX overtakes Amazon

US markets are trading in mixed directions on Tuesday, as geopolitical tensions in the Middle East ease and oil prices continue to fall, all while investors await the Fed's monetary policy decision tomorrow evening. The Dow Jones Industrial Average reached a new all-time intraday high, while SpaceX crossed a symbolic milestone by surpassing Amazon in terms of market capitalization.

17 June 2026 at 01:33 am AEST

Wall Street Mixed as Dow Hits Record and SpaceX Overtakes Amazon

U.S. markets are trading without a clear direction on Tuesday, balanced by easing geopolitical tensions in the Middle East and a continued decline in oil prices, while awaiting the Fed's monetary policy decision tomorrow evening. The Dow Jones reached a new intraday record high, while SpaceX hit a symbolic milestone by surpassing Amazon in market capitalization.

17 June 2026 at 01:25 am AEST

SpaceX Overtakes Amazon to Become the World's Fifth Most Valuable Company

SpaceX's stockmarket rally continued on Tuesday, with Elon Musk's group overtaking Amazon in terms of market capitalization. With a share price of $209.30, up over 54% from its IPO price of $135, the company has reached a valuation of about $2,750bn. It has thus become the fifth most valuable company in the world, behind only Microsoft and the three giants whose market caps now exceed $4,000bn, i.e. Nvidia, Alphabet and Apple.

17 June 2026 at 12:34 am AEST

SpaceX Surpasses Amazon to Become the World's Fifth Largest Company by Market Cap

SpaceX's stock market ascent continued on Tuesday, allowing Elon Musk's group to overtake Amazon in market capitalization. With a share price of $209.30, up more than 54% from its $135 initial offering price, the company has reached a valuation of approximately $2,750bn. It now stands as the fifth most valuable company in the world, trailing only Microsoft and the three giants whose market caps have now exceeded $4,000bn: Nvidia, Alphabet, and Apple.

17 June 2026 at 12:16 am AEST

SpaceX Acquires Cursor to Accelerate AI Ambitions

SpaceX has announced the acquisition of Cursor for $60bn, coming just days after its record-breaking initial public offering on the Nasdaq. Founded in 2022, Cursor has established itself as one of the most dynamic players in artificial intelligence applied to software development. Its coding assistant, capable of generating, modifying, and analyzing code, surpassed $1bn in annualized revenue in November. The finalization of the transaction is expected in the third quarter of 2026.

16 June 2026 at 11:41 pm AEST

Bill Ackman Prepares Four New Investments for Pershing Square

Bill Ackman has announced that he has made four new investments to be held across his various funds, including Pershing Square USA (PSUS), his recently launched listed vehicle. However, the investor did not reveal the identity of the companies involved, stating that this information would be disclosed upon the release of Q2 results.

16 June 2026 at 03:49 pm AEST

Wall Street rallies on Washington-Tehran accord, oil prices tumble

U.S. markets finished sharply higher on Monday following the announcement of an agreement between the United States and Iran to end hostilities between the two nations. This development also triggered a steep decline in oil prices, as investors cheered the upcoming reopening of the Strait of Hormuz. In this environment, the S&P 500 rose 1.65% to 7,554.2 points, the Dow Jones gained 0.92% to 51,671 points, and the Nasdaq 100 surged 3.06% to 30,543.9 points.

16 June 2026 at 06:15 am AEST

Bill Ackman prepares four new investments for Pershing Square

Bill Ackman has announced that he has made four new investments to be held across his various funds, including Pershing Square USA (PSUS), his recently launched listed vehicle. The investor did not reveal the identity of the companies involved, stating that these details will be disclosed upon the release of the second-quarter earnings report.

16 June 2026 at 05:29 am AEST

Jabil and Adani Partner to Develop AI Infrastructure in India

Jabil and Adani Enterprises have announced a partnership to build an integrated manufacturing platform in India for data center and artificial intelligence infrastructure. This initiative aims to meet the growing needs of cloud providers, colocation operators, and enterprises expanding their own computing capabilities, amid surging global demand for AI-related equipment.

16 June 2026 at 04:09 am AEST

Truist Financial Appoints Michael Lyons as CEO

Truist Financial has announced the appointment of Michael Lyons as president and chief executive officer, effective September 1. A former executive at Fiserv and past president of PNC Financial, he will succeed Bill Rogers, who has led the bank since 2021. Rogers will remain in the role of executive chairman until his scheduled retirement in 2027.

16 June 2026 at 04:05 am AEST

Truist Financial Appoints Michael Lyons as Chief Executive Officer

Truist Financial has announced the appointment of Michael Lyons as President and Chief Executive Officer, effective September 1. A former executive at Fiserv and former President of PNC Financial, he will succeed Bill Rogers, who has led the bank since 2021. Rogers will remain in the role of Executive Chairman until his scheduled retirement in 2027.

16 June 2026 at 03:37 am AEST