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Sky-High I.P.O. Pricing Isn’t Great for Real People

When newly public companies have been valued as richly as SpaceX, OpenAI and Anthropic seem likely to be, the outlook for ordinary investors has been poor.

© Eric Gay/Associated Press

SpaceX’s Starship rocket during a test flight in May. The company’s chief executive, Elon Musk, stands to unlock a great fortune when the company goes public.

Dell Gets a $9.7 Billion Defense Contract. Trump’s Portfolio Stands to Benefit.

The president’s family says his stock purchases are automatically timed, but recent acquisitions of the computer company’s shares raise questions.

© Doug Mills/The New York Times

Michael and Susan Dell pledged in December to donate $6.25 billion to kick off the “Trump accounts” program that creates special investment savings accounts with tax benefits for American children.

Ferrari’s First Electric Car Runs Into Backlash in Italy and Beyond

Memes mocked the new model, analysts questioned its appeal and investors sold the automaker’s stock. A former Ferrari chairman warned of “the destruction of a legend.”

© Ferrari Press Office, via AFP -- Getty Images

For help designing the fully electric car, Ferrari turned to the agency founded by Jony Ive, Apple’s former design chief, and the industrial designer Marc Newson.
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