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NSE:RCF 22 May 2026

India Shares Climb Even as Oil Hovers Near $105

India Shares Climb Even as Oil Hovers Near $105

Indian shares rose Friday, with the NSE Nifty 50 up 0.69% at 23,818.25 by 13:15 IST, led by private banks and select earnings gains. HDFC Bank and ICICI Bank climbed about 2% each. Central Bank of India dropped after the government launched an offer for sale of up to 8%. Oil prices, rupee moves, and possible RBI rate hikes continued to weigh on sentiment.
22 May 2026
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Stock Market Today

  • SpaceX Files for IPO: $28.5 Trillion Market Potential and Musk's Control
    May 22, 2026, 4:58 AM EDT. SpaceX filed its S-1 prospectus, revealing plans for an IPO that could be the largest ever. The company reported $18.7 billion in 2025 revenue but a $4.9 billion loss due to heavy AI investment. It projects a $28.5 trillion total addressable market, driven mainly by AI. The filing showcased SpaceX's ambitions beyond rockets to orbital data centers, asteroid mining, and Mars colonization. Elon Musk will maintain control with over 85% voting power. The company monetizes AI infrastructure, notably via a $1.25 billion monthly deal with Anthropic and holds around 19,000 bitcoins valued at $1.5 billion. Major banks, led by Goldman Sachs, are orchestrating the IPO, with substantial benefits expected for early investors and retail traders.

Latest articles

IBM shares get $1 billion quantum boost from Washington move

IBM shares get $1 billion quantum boost from Washington move

22 May 2026
IBM shares jumped 12.4% to $252.97 on Thursday after the company and the U.S. Commerce Department announced a proposed $1 billion award for a new quantum-chip foundry, Anderon. Trading volume reached 25.5 million shares, over five times Wednesday’s level. The funding is tied to definitive agreements and ongoing technical challenges in quantum computing.
D-Wave Shares Climb After $100 Million U.S. Quantum Deal Adds Washington as Shareholder

D-Wave Shares Draw Investor Interest After Washington Quantum Funding

22 May 2026
D-Wave Quantum traded near $28 in early premarket Friday after signing a letter of intent for $100 million in proposed U.S. funding, giving the Commerce Department an equity stake. Shares closed Thursday at $25.73, up 33.4%. The deal is not final and could be delayed or canceled. D-Wave reported $588.4 million in cash at March 31, with Q1 revenue down 81% to $2.9 million and a net loss of $18.4 million.
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