The New York Times

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  1. Elon Musk’s rocket company said it would sell more than 555 million shares at $135 each in its blockbuster initial public offering, which is set to begin trading on Friday.
  2. Elon Musk’s rocket company is spending big and losing money. That has raised questions about whether it can justify its valuation for its blockbuster initial public offering.
  3. SpaceX will not raise money from investors in China and Hong Kong. Others firms, like OpenAI, may follow suit.
  4. The president said he would nominate Jay Clayton, the U.S. attorney in Manhattan and the former chairman of the Securities and Exchange Commission, for the permanent role.
  5. Mr. Clayton, the U.S. attorney in Manhattan and a former chairman of the Securities and Exchange Commission, has been overseeing an office known for prominent cases.