Restricted stock units are the backbone of tech compensation, but the way they are taxed in California surprises many employees every April. Restricted stock units (RSUs) have become the default form of equity compensation at public technology companies across the Bay Area. They are simple to understand on the surface: shares are granted, they vest overtime, and once vested they are yours. The tax treatment, however, is where many Silicon Valley professionals run into trouble

On June 12, 2026, SpaceX completed the largest initial public offering in market history, listing on the Nasdaq under the ticker SPCX. The deal priced at a fixed $135 per share, sold roughly 556 million shares, and raised about $75 billion before an underwriter overallotment option worth a further $11.2 billion. At pricing, the company carried a valuation near $1.77 trillion; the stock closed its first session around $161 — up roughly 19% — pushing SpaceX past a $2 trillion m

For many founders, executives, and early employees, a single stock represents the lion's share of their net worth. That position may have created enormous wealth, but holding it concentrated exposes that wealth to the fortunes of one company, one management team, and one set of risks that no amount of conviction can fully diversify away. The instinct to reduce that risk is sound. The execution is where it gets complicated. Unwinding a concentrated position into a diversified

The Big Picture Artificial intelligence has moved from the pages of science fiction into the core of how businesses can operate. Over the past three years, we've witnessed one of the fastest technology adoption cycles in history — and we believe we're now entering its most consequential phase. Understanding where we are in this cycle is critical for investors. Technology revolutions follow a predictable pattern: hype, infrastructure build-out, deployment, and finally maturati

The next industrial revolution isn't coming; it's here, and it's powered by Artificial Intelligence (AI).