Search results for Larry Ellison
AI & Enterprise
Oracle chairman Larry Ellison withdraws plan to sell up to $7.5 billion in shares
Oracle co-founder Larry Ellison withdrew a plan to sell up to $7.5 billion worth of Oracle shares a day after it was disclosed. Oracle said Ellison had not sold any shares under the plan and has no other plan to sell Oracle stock, without explaining why. Investor attention is shifting to Oracle’s cash flow and the burden of AI investment, including data centre expansion and restructuring costs.
Crypto
Musk says he will not promote crypto as past Bitcoin, Dogecoin remarks revisited
A past interview clip of Elon Musk is spreading again on X, prompting renewed attention to his remarks about Bitcoin and Dogecoin. The clip, from a 2024 podcast interview, shows Musk saying he does not plan to promote cryptocurrencies and that any apparent promotion would be impersonation. He also said Bitcoin has merit and expressed a soft spot for Dogecoin. The resurfacing coincides with claims about Musk becoming a $1 trillion net-worth individual after SpaceX’s IPO.
Finance
Elon Musk becomes first trillionaire as SpaceX soars 19 percent on Nasdaq debut
Elon Musk became the first trillionaire in human history after SpaceX shares surged 19 percent on their first day of trading following a Nasdaq listing, giving the company a market value of $2.1 trillion. SpaceX stock opened at $150 a share, rose to $168 and ended at $161. Forbes put Musk’s net worth at $1.1 trillion, while an NYU professor called the IPO valuation unrealistic.
