US fibre broadband provider Brightspeed, backed by Apollo, is in talks with creditors for $2B to $3B of new money as it struggles with about $10B of debt.
The plan does not include a mission similar to Apollo 8 or Artemis II.
Business & Economy
Apollo has launched a 10 billion euro European private credit platform backed by major global investors.
Thrive Holdings will buy ADT for $7.6bn and keep ADT’s privacy rules. ‘Protecting customers’ homes also means protecting their data,’ it says.
Business & Economy
The deal further advances Apollo Global's ambitions in Abu Dhabi, often called the "capital of capital."
Technology
‘Mainstream corporate America is pulling back,’ says Apollo’s Torsten Slok, finding no AI payoff in revenue or margins outside tech.
Technology
SpaceX has locked in a binding commitment for roughly $40 billion in financing to pay for AI chips and related data center equipment, the company disclosed in a regulatory filing Monday. In a statement, SpaceX called it the “largest committed GPU financing” ever.
Technology
"Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech."
Property & Real Estate
Apollo and Ares are expected to be among the most competitive of the seven known bidders hoping to buy Rio Tinto’s power plants and lines in Pilbara and Canada.
A 2009 performance by the comedian at London's Hammersmith Apollo theatre, and what allegedly happened in the days that followed, has been the subject of much evidence at his rape trial this week.
Technology
More than 130 firms, including Apollo, Nvidia, Snowflake and Bain, joined SpaceX's new partner network to help businesses deploy and build on its Grok AI.
Business & Economy
Around a third of employees are set to be let go at the non-bank lender, which has been exposed to some failed property developments.