The Nasdaq Composite Index drops by 2%, with none of the top 10 tech giants spared.
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Report: SK Hynix abandons Solidigm US IPO plan
Solidigm originated from SK Hynix’s acquisition of Intel’s NAND flash and SSD business. Lee Chan-jin, Chairman of Korea’s Financial Supervisory Service, stated that Solidigm’s listing in the U.S. could be subject to Korea’s duplicate listing regulations. Previous reports indicated that Solidigm is considering going public on Nasdaq as early as 2027, with a potential valuation of up to 150 billions of dollars.
Elon Musk accelerates the creation of the "fourth largest U.S. carrier"! SpaceX (SPCX.US) plans to acquire 80,000 cellular base stations, offering new opportunities for communication tower companies
According to sources familiar with the matter, SpaceX plans to acquire at least 80,000 cellular base station sites in the United States and is currently in negotiations with at least one major cellular infrastructure company to achieve this goal.
Bloom Energy (BE.US) Q3 Revenue Soars 138% and Turns Profitable, Raises Full-Year Guidance
Bloom Energy's revenue for the third quarter reached $1.236 billions, representing a year-on-year increase of 138.1% and setting a new quarterly historical high.
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