The dilutive share offering at $1.25 per share comes just a week after the energy storage company's stock surged over 100%.
The private placement deal with an institutional investor is set to fund the development of the company's massive Tanbreez rare earth project in Greenland.
Former PayPal chief takes the helm as the telecom giant navigates intense competition and a strategic shift toward customer and financial growth.
Analyst cites accelerating DRAM pricing and a cyclical recovery in the memory chip market as key drivers for the bullish outlook.
Investors look past share dilution, betting the capital injection will fuel debt reduction and growth in next-generation battery technology.
Chipmaker to deploy 6 gigawatts of GPUs for OpenAI's AI infrastructure, signaling a major challenge to Nvidia's market dominance.
Investment would secure access to Greenland's vast Tanbreez rare earth deposit, bolstering US critical mineral supply chains.
A cryptic video posted on X has ignited discussions about the long-delayed Roadster or a new affordable EV.