The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Track the evolution of major financial and economic events
On June 4, Alphabet announced that it has raised the top end of its 2026 capital expenditure guidance to $190 billion. This announcement comes amid growing concerns about profitability following Alphabet's $80 billion spending plan in artificial intelligence, which has contributed to a pullback in the S&P 500.
SpaceX entered a cloud service agreement with Alphabet's Google for compute capacity valued at $920 million per month, totaling an estimated $30 billion as SpaceX prepares for its IPO. Concurrently, Alphabet offered over $19 billion in mandatory convertible preferred stock last week. The offering was split into two equal parts at $50 per share with a 6% yield.
