SpaceX proxy fund investors want out before the June 12 IPO but may be trapped
Investors who rushed into SpaceX proxy funds want out as the June 12 IPO nears, but many face liquidity constraints that could leave them stuck until SPCX begins trading.
North America
Elon Musk's SpaceX cuts its IPO target to $1.8 trillion after a $4.28 billion Q1 loss
SpaceX lowered its IPO target to $1.8 trillion after a $4.28 billion Q1 loss, but retail investors have poured $14 billion into proxy funds since December.
Jay-Z breaks concert silence with freestyle dissing Drake and Kanye
Jay-Z broke six years of solo concert silence at Roots Picnic on May 30 with a freestyle apparently aimed at Drake, Kanye West and Nicki Minaj.
Kanye West breaks the record for largest stadium concert attendance with 118,000 fans in Istanbul
Kanye West performed to 118,000 fans in Istanbul on May 30, his first European show since 2014, claiming the record for the largest ticketed stadium concert.
Billionaire Robert F. Smith says $3 trillion is pouring into AI infrastructure and Vista is positioned to capture the next wave
Robert F. Smith told the XCEL Summit For Men that up to $3 trillion is being poured into AI infrastructure and that Vista Equity's private software portfolio is positioned to capture the next wave of returns.
Dutch authorities clear Kanye West to perform two concerts in the Netherlands
Dutch authorities found no legal grounds to bar Kanye West from the Netherlands, clearing two concerts in Arnhem on June 6 and June 8 despite widespread opposition from Dutch lawmakers and Jewish groups.
Serena Williams planning tennis comeback at 44 at Queen's Club
Serena Williams is planning a return to competitive tennis at Queen's Club in London this June, with the 23-time Grand Slam champion now eligible after completing her anti-doping re-entry requirements.
Billionaire Jay-Z says Tony Buzbee invented a death threat to make his accuser drop her lawsuit
Jay-Z's amended SDNY complaint accuses Tony Buzbee of fabricating a death threat against Jane Doe to pressure her into dropping her lawsuit while concealing his unauthorized federal court practice.
Kevin Hart confirms Hartbeat cut 25% of staff but says his entertainment company is solid
Kevin Hart confirmed on The Breakfast Club that Hartbeat cut nearly 25% of its workforce and he changed his phone number after the layoffs, but insisted the entertainment company is not closing.
Robert F. Smith's Vista Equity wins as Delaware court dismisses $4.6 billion KnowBe4 lawsuit
Delaware's Chancery Court dismissed a stockholder challenge to Robert F. Smith's Vista Equity over its $4.6 billion take-private of cybersecurity firm KnowBe4.
Kevin Hart's VitaHustle raises fresh capital from Black-owned private equity firm Axum Capital
Charlotte-based private equity firm Axum Capital Partners has made a growth equity investment in VitaHustle, the plant-based nutrition brand co-founded by Kevin Hart and his trainer Ron Everline.
Robert F. Smith's $1.6 billion Vista Credit fund capped redemptions after one investor tried to exit
One large investor triggered the redemption cap at Robert F. Smith's Vista Credit fund, cutting other investors' quarterly payouts to about 50 percent.
Kanye West's Tampa comeback drew over 1 million ticket queue entries as Bully tour demand defies European bans
Over 1 million fans entered the virtual ticket queue for Kanye West's June 26 Raymond James Stadium concert in Tampa, his first Florida show in a decade amid surging US demand for his Bully tour.
Kevin Hart breaks his silence on Hartbeat's chaos and calls the Bloomberg report clickbait
Kevin Hart appeared on The Breakfast Club on May 26 to address Bloomberg's Hartbeat investigation directly, calling the reporting clickbait and defending his restructuring decisions.
SpaceX IPO will make Elon Musk a trillionaire and mint at least four new billionaires from his inner circle
SpaceX filed for a $2 trillion IPO that will make Elon Musk the world's first trillionaire and turn at least four of his close allies into billionaires.
Kevin Hart's Hartbeat is suing two former podcast employees over trade secrets
Kevin Hart's Hartbeat sued two former podcast executives for alleged trade secret theft, but a judge rejected part of the injunction request, calling the claims too vague.