The “Cyber Rodeo at Giga Texas,” an invitation-only party for thousands of guests at Tesla’s new billion-dollar-plus “Gigafactory” in Austin, was the biggest secret and the toughest ticket in town Thursday.
As many as 15,000 people were expected to attend the private event hosted by Tesla mogul Elon Musk to mark the opening of the new factory in Travis County that also serves as the company's new home following its move from California.
A county-issued permit said the event included interactive tours, food, alcohol and live entertainment. But the event was off-limits to the general public and the news media.
Musk has said the plant, which would employ up to 10,000 workers, would build its Cybertruck, Semi, Model 3 and Model Y sport utility vehicles. Last month, he also opened another “Gigafactory” on the outskirts of Berlin to produce the Model Y SUV.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
