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SpaceX officially files for blockbuster IPO

SpaceX on Wednesday submitted documents to move forward with its highly anticipated initial public offering (IPO), as the revolutionary company that’s pursuing the eventual colonization of Mars and deploying space-based AI data centers. The company, led by CEO Elon Musk, has grown into the world’s largest space business and is…

Airbnb expands beyond rentals with airport pickups, hotels and AI travel tools

Airbnb is pushing far beyond home rentals, rolling out airport pickups, grocery delivery, luggage storage, car rentals, boutique hotels and exclusive travel experiences as it expands deeper into travel services. The company announced Wednesday that travelers can now book grocery delivery through Instacart in more than 25 U.S. cities, airport rides through Welcome Pickups in over 160 cities worldwide and luggage storage through Bounce at more than 15,000 locations globally. Airbnb also plans to launch in-app…

Finance news

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TikTok’s middle class is gaining power

The TikTok middle class is thriving. Loading audio narration… The average rates that TikTok “micro” creators — those with follower counts between 5,000 and 50,000 — charged brands for partnership deals rose dramatically in the first quarter compared with the year-ago period.That’s according to data compiled exclusively for CMO Insider…

Business

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Popular Costco kitchen gadget recalled after burn incident, fire hazard concerns

More than 113,000 electric kettles sold at Costco and HomeGoods have been recalled after reports that the handles can detach and spill hot water, including one reported second-degree burn, according to the Consumer Product Safety Commission (CPSC). The recall, announced May 14, involves ZWILLING J. A. Henckels Aktiengesellschaft Enfinigy Kettle…

Markets

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Investing

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