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OpenAI Looks To Raise $40 Billion From Global Investors Including Saudi Arabia's PIF, India's Reliance Industries To Accelerate AI Models And Stargate: Report
Thursday, June 12, 2025 - 3:59am | 479OpenAI is reportedly seeking to raise $40 billion in funding, with major investments from Saudi Arabia's Public Investment Fund (PIF), India's Reliance Industries and the existing shareholder UAE's MGX. What Happened: Each investor could contribute at least several hundred million dollars, reported...
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Lucid Stock Is Tumbling Wednesday: What's Driving The Action?
Wednesday, October 16, 2024 - 5:29pm | 340Lucid Group Inc (NASDAQ:LCID) shares are trading lower in Wednesday’s after-hours session after the company announced an offering and corresponding investment from an affiliate of the Public Investment Fund (PIF). What Happened: Lucid said it commenced a public offering of 262,446,931 shares...
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet
Friday, September 13, 2024 - 10:53am | 1861Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...
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Lucid Group Analysts Break Down Q2 Earnings, $1.5B Saudi Financing For EV Stock: 'We See This Capital Raise As Significant'
Tuesday, August 6, 2024 - 12:29pm | 788Electric vehicle Lucid Group (NASDAQ:LCID) gets praise from analysts for its updated financing, vehicle launch timeline and superior technology after reporting second-quarter financial results. The Lucid Analysts: Needham analyst Chris Pierce reiterated a Hold rating and has no price target on the...
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Lucid Q2 Earnings Highlights: Revenue Beat, EPS Miss, $1.5-Billion Financing Commitment From Saudi Investment Fund
Monday, August 5, 2024 - 4:24pm | 509Electric vehicle company Lucid Group (NASDAQ:LCID) reported second-quarter financial results after the market close Monday. Here are the key highlights. What Happened: Lucid Group reported second-quarter revenue of $200.6 million, beating a Street consensus estimate of $192.06 million, according to...
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Mohammed Bin Salman-Led PIF, Which Owns Lucid, Announces Partnership With Three Electric Motorsport Series
Monday, January 22, 2024 - 11:37pm | 363Lucid Group Inc (NASDAQ:LCID) majority owner— Saudi Arabia's Public Investment Fund — has announced a multi-year partnership with Formula E. What Happened: Prince Mohammed bin Salman chaired PIF has entered into a multi-year partnership with Formula E, Extreme E and E1, the sovereign wealth fund...
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Elon Musk Cozies Up To World Leaders, Lucid's Saudi Progress, Nikola Spikes After New COO Appointment: Biggest EV Stories Of The Week
Saturday, September 23, 2023 - 12:52pm | 1282Electric vehicle shares fell across the board this week, as the Federal Reserve hinted that its rate-tightening cycle hasn’t ended. Market leader Tesla, Inc. (NASDAQ:TSLA) also reacted to analysts’ rerating of earnings estimates and factored in an anticipated third-quarter deliveries...
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Jared Kushner's Controversial $2B Saudi Deal Faces No Threat Even If Trump Re-Elected, Hints Crown Prince MBS
Thursday, September 21, 2023 - 5:27am | 512Jared Kushner may retain the controversial Saudi investment in his private equity firm, even if his father-in-law, Donald Trump, is reelected as U.S. president. What Happened: In an interview with Fox News aired on Wednesday, Saudi Crown Prince Mohammed bin Salman...
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Anybody Say Monopoly? What The PGA's New Deal With LIV Means For Antitrust Regulation In Golf
Wednesday, June 7, 2023 - 1:56pm | 728A new joint commercial venture between the world's three largest golf tournaments is raising questions for antitrust regulators across the U.S. and Europe. The merger, by which U.S.-based PGA Tour and its European counterpart, DP World Tour will unify operations with recently emerged underdog LIV...
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Why Lucid Stock Is Hitting The Brakes Thursday
Thursday, June 1, 2023 - 8:36am | 309Lucid Group Inc (NASDAQ: LCID) shares are moving lower Thursday after the company announced the pricing of a public offering and private placement. What Happened: Lucid commenced a public offering of approximately 173.54 million shares for proceeds...
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Why Lucid Shares Are Backing Up After Hours
Wednesday, May 31, 2023 - 5:39pm | 267Lucid Group Inc (NASDAQ: LCID) shares are trading lower in Wednesday's after-hours session after the EV company announced a public offering and private placement. What Happened: Lucid commenced a public offering of 173,544,948 shares of its common stock. In addition to the offering,...
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Elon Musk Tweets 'Funding Secured' In 2018: How Much Would $1,000 In Tesla Stock Be Worth Now?
Thursday, January 26, 2023 - 2:40pm | 601A controversial tweet by Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is now the subject of a lawsuit. The tweet could have also been a starting point for investors with the potential take-private transaction or the belief that shares were undervalued at the current level at the time. What Happened: In...
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This Tech Company Almost Acquired Tesla: Elon Musk Shares Reason He Wanted To Secure Funding
Tuesday, January 24, 2023 - 1:48pm | 756A trial over a controversial tweet by Elon Musk in 2018 was making headlines this week. Musk shared more details on why he shared the tweet and why it was important to take electric vehicle company Tesla Inc (NASDAQ: TSLA) private. What Happened: In 2018, Elon Musk tweeted he was taking Tesla...
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WWE Reportedly Sold To Saudi Arabia's Private Investment Fund Hours After Vince McMahon Takes Helm
Wednesday, January 11, 2023 - 1:06am | 497World Wrestling Entertainment, Inc (NYSE: WWE) has reportedly been sold to Saudi Arabia Public Investment Fund. What Happened: The purchase means that the WWE will no longer be a publicly traded company, reported Fox News. The development takes hours after the company said that Stephanie McMahon...
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How Much Saudi Arabia's Sovereign Wealth Fund Is Spending To Buy The Dip In Amazon, Alphabet And Meta
Tuesday, November 15, 2022 - 4:20pm | 510The Saudi Arabian sovereign wealth fund has purchased $7 billion worth of shares in U.S. tech companies including Amazon.com Inc (NASDAQ: AMZN), Alphabet Inc (NASDAQ: GOOG), Meta Platforms Inc (NASDAQ: META), PayPal Holdings Inc (NASDAQ: PYPL) and Electronic Arts Inc (NASDAQ: EA) as well as...