Today in News History
On June 18, several notable moments in the history of News stand out. In 1942, Thabo Mbeki, South African politician and 2nd President of South Africa was born. In 1946, Dr. Ram Manohar Lohia, a Socialist, calls for a Direct Action Day against the Portuguese in Goa. In 1952, Lee Soo-man, South Korean singer and businessman, founded S.M. Entertainment was born. In 1978, Tara Platt, American actress, producer, and screenwriter was born. In 1994, Takeoff, American rapper (died 2022) was born. In 2009, The Lunar Reconnaissance Orbiter (LRO), a NASA robotic spacecraft is launched. In 2015, Ralph J. Roberts, American businessman, co-founded Comcast (born 1920) passed away. In 2018, XXXTentacion, American rapper (born 1998) passed away. In 2023, Titan, a submersible operated by OceanGate Expeditions, imploded while attempting to view the wreck of the Titanic, killing all five people on board including the co-founder and CEO of the company, Stockton Rush in the North Atlantic Ocean. In 2023, Notable victims of the Titan submersible implosion: Shahzada Dawood, Pakistani-British businessman (born 1975) Hamish Harding, British businessman (born 1964) Paul-Henri Nargeolet, French navy commander and explorer (born 1946) Stockton Rush, American businessman, CEO and founder of OceanGate (born 1962) passed away. Together, these milestones provide historical context for today's news news and ongoing narratives.
Super Micro Computer (NASDAQ: SMCI) Plans $7 Billion Equity Raise To Meet $39 Billion AI Server Backlog
Super Micro Computer (NASDAQ: SMCI) is seeking to raise 7 billion through an equity offering to purchase components required to fulfill AI server orders totaling 39 billion. The capital raise has alarmed investors, with concerns about dilution sending SMCI stock down 28 over the course of just five trading days. Where a large order backlog [] The post Super Micro Computer (NASDAQ: SMCI) Plans 7 Billion Equity Raise To Meet 39 Billion AI Server Backlog appeared first on Foreign Policy Journal.
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