SpaceX's Tender Offer and AI in Hollywood | Bloomberg Technology

()

Bloomberg Technology Begins (00:00:00)

SpaceX is considering a tender offer that would value the company at $200 billion, allowing employees and early investors to sell shares at a premium.
SpaceX's dominance in the launch market and its collaboration with NASA have made it an attractive investment opportunity.
The tender offer is not intended to raise capital but to provide liquidity for employees and early investors.
Starship test number four is scheduled for June 5th, with the goal of developing a reusable spacecraft for missions to Mars.
X AI, an artificial intelligence company, is set to complete a funding round valuing the company at over $24 billion.
SpaceX is close to reaching its $6.5 billion fundraising goal, with the latest influx of cash bringing the total amount raised to several billion.

Cameron Adams, Canva Co-Founder (00:08:55)

Canva introduced a significant redesign, enhancing its user interface and launching Canva Enterprise for large organizations.
SpaceX's Starship test is scheduled for June 5th, having achieved orbital velocity during the March test.
TikTok lowered its affiliate program threshold from 5,000 to 1,000 followers, enabling more content creators to monetize their content.
OpenAI released past employees from a non-disparagement clause tied to equity awards, addressing concerns raised by workers.
AI video models are gaining traction in Hollywood, leading to discussions between large language models and film and television studios.
Intuit's shares dropped due to the loss of one million free TurboTax customers, facing challenges from free alternatives and the convenience of human tax preparers.
Canva expressed disinterest in being acquired, limiting potential buyers to a small group of companies like Microsoft or Adobe.
Alibaba sold a record $4.5 billion of convertible bonds, drawing attention to the financial status of the company and its subsidiaries.
The Nasdaq 100 reached a record high, driven by Nvidia's strong earnings, and is on track for its fifth straight week of gains.
Crypto markets experienced volatility, with Bitcoin trading over $68,000 after the approval of spot Ether ETFs and significant inflows into the ETFs.
Ethereum outperformed Bitcoin in terms of percentage increase this year, benefiting from its wider range of use cases and being more native to the cryptocurrency ecosystem.
Coinbase surged following the launch of cryptocurrency ETFs, capitalizing on increased activity in cryptocurrency trading markets and favorable comparisons to other ETFs.

Kavita Gupta, Delta Blockchain Fund CEO (00:27:15)

Ethereum (ETH) is often referred to as "digital oil" due to its role as the underlying technology for various products and services, similar to how oil powers traditional industries.
The recent price surge in ETH may be attributed to the anticipation of a spot Bitcoin ETF approval, leading to increased interest in cryptocurrencies.
Unlike Bitcoin, ETH has not yet reached its all-time high price, and its growth may be influenced by factors such as liquidity crunch in traditional markets and global circumstances.
Ethereum's widespread commercial use is driven by its reliability, security, and large global community.
The decentralized nature of Ethereum and its proven track record make it an ideal platform for building and developing various applications and services.

Ritu Narayan, Zum CEO and Founder (00:32:30)

Zum, a Silicon Valley startup, will provide Oakland School District with 74 electric buses, making it the first major U.S. school district with an all-electric bus fleet.
The electric buses will also supply 2.1 gigawatt hours of electricity back to the grid when not in use, enough to power 300-400 homes.
Zum operates in 14 states and serves over 4,000 school districts nationwide, and plans to expand nationally.
Electric school buses are still two to three times more expensive than diesel buses, but Zum has been able to reduce costs through federal and state grants.
Electric school buses have large batteries that can store significant amounts of energy, making them a potential resource for grid balancing and energy storage.
India's largest drug companies are eyeing the U.S. markets.
Ankit Mehta, the cofounder and CEO of IdeaForge Technology, has been assembling drones for two decades.

Michael Wolf, ResortPass CEO (00:40:20)

ResortPass is a digital marketplace that allows users to book daycations at luxury hotels and resorts without overnight stays.
The company has partnered with major hotel chains like Hilton, Ritz-Carlton, Marriott, and Hyatt, sending over 3 million people to hotels.
ResortPass uses its technology for check-ins, inventory management, pricing, and competitive data analysis.
Daycations are particularly popular during holiday weekends, helping hotels generate revenue by monetizing amenities to local guests.
This was the final episode of "Bloomberg Technology" for the week, with NVIDIA being the main focus of discussions.
The podcast is available on Apple, Spotify, iHeart, and all Bloomberg platforms.