Today: 20 May 2026
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  • SpaceX IPO to Boost California Economy Despite Musk's Move
    May 20, 2026, 12:10 PM EDT. Elon Musk moved SpaceX and Tesla headquarters out of California, yet many employees remain in the state. California is poised to benefit economically from SpaceX's upcoming IPO, a win for the region despite Musk's departure. The IPO could generate significant capital inflow and job retention, underscoring the ongoing link between the region and SpaceX's business activities.

Latest articles

Plug Power Gets U.K. Hydrogen Lift, Cash Questions Remain

Plug Power Gets U.K. Hydrogen Lift, Cash Questions Remain

20 May 2026
Plug Power shares rose 1.2% to $3.35 Wednesday after the company’s 30-megawatt Barrow Green Hydrogen project in the UK reached final investment decision. The stock rebounded after four straight declines, including a 4.1% drop Tuesday. Plug will supply six electrolyzers to the project, which aims to cut natural gas use at a Kimberly-Clark plant by up to 50%. Trading volume reached about 17.9 million shares.
Nu Holdings shares rise as Nubank faces key credit test

Nu Holdings shares rise as Nubank faces key credit test

20 May 2026
Nu Holdings shares rose 2.3% to $12.58 in New York on Wednesday, recouping losses after last week’s earnings. Nubank reported first-quarter revenue above $5 billion and net income of $871 million, but credit loss allowances jumped 33% to $1.79 billion. Early-stage non-performing loans reached 5.0%. The company’s customer base topped 135 million by March.
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