SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each
SpaceX has made history with the biggest-ever IPO, launching it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world's first trillionaire...
SpaceX closes up 19% at $160.95 in its debut, with a ~$2.1T market value, after opening at $150, up 11% from its IPO price; Musk becomes the first trillionaire
SpaceX shares soared on Friday as trading commenced on the Nasdaq, driving the rocket company's valuation above $2 trillion after a record-setting initial public offering.
SpaceX makes Nasdaq debut at $150 after pricing its shares at $135, giving it a market cap of $1.9T; Elon Musk becomes the world's first trillionaire
SpaceX opened trading Friday at $150 under the ticker SPCX after the biggest initial public offering ever.
Ted Cruz and Ron Wyden introduce the JAWBONE Act, which would let Americans sue US officials who try to coerce broadcasters or platforms into censoring speech
US Senators Ted Cruz (R-Texas) and Ron Wyden (D-Ore.) today introduced the JAWBONE Act, a proposed law that could fuel lawsuits …
Q&A with Xbox Chief Strategy Officer Matthew Ball about returning to console-exclusive releases, how using in-game ads could offset development costs, and more
‘If Xbox can turn things around, the whole industry can,’ says Ball — Listen now on Apple, Spotify or YouTube
Oracle warns customers of a critical PeopleSoft flaw after ShinyHunters claimed it breached 100+ organizations that use PeopleSoft; Oracle hasn't issued a patch
Oracle warned its corporate customers that there is a critical-rated vulnerability in its PeopleSoft software …
The US DOJ approves Paramount's $111B purchase of WBD without forcing divestitures or behavioral remedies; state AGs could still try to block the move
In a statement, the Antitrust Division said its eight-month review “determined based on the evidence received in its investigation …
Meta's services, including Facebook and Instagram, are recovering after a brief outage that affected thousands of users
Facebook-parent Meta (META.O) said on Friday that users were having trouble accessing the social media company's services. — “We're aware people are currently having trouble accessing our services.
Sources: Microsoft considered spinning out or restructuring its Xbox unit as a wholly-owned subsidiary, or creating a joint venture with other partners
As Microsoft gets ready to overhaul its struggling Xbox gaming unit, it hasn't ruled out spinning out or restructuring the unit …
A profile of former Google DeepMind employee Thibault Sottiaux, now OpenAI's head of core products tasked with combining ChatGPT and Codex into a super app
Thibault Sottiaux helped make AI coding one of OpenAI's fastest-growing businesses. Now he's overseeing a sweeping overhaul of ChatGPT.
Niantic Spatial says Pokémon Go data is “not part of” its deal with spatial AI company Vantor, after concerns that game data could be used for military drones
The company says it no longer receives data from the monster-catching app after Niantic was acquired by Scopely
Waymo launches Waymo Premier, a $30-per-month membership program offering perks like skipping the line, 10% cashback, and five free ride cancellations per month
Waymo is launching a loyalty program called Waymo Premier, which will offer frequent robotaxi riders a number of perks in exchange for $29.99 per month.
Analysis: assuming API pricing, the $200/month Claude Max and ChatGPT Pro plans offer up to ~$8,000/month and ~$14,000/month worth of tokens, respectively
Recently, we purchased one of each Anthropic/OpenAI subscription plan and randomly ran long horizon coding tasks until we exhausted the weekly limit. It's widely believed that a $200/month plan maxes ...
Adobe reports Q2 revenue up 13% YoY to $6.62B, vs. $6.46B est., and raises its annual forecasts; CFO Dan Durn is leaving for chipmaker Marvell; ADBE drops 5%+
Adobe (ADBE.O) raised its annual revenue and profit forecasts on Thursday, but the sudden exit of CFO Dan Durn added to concerns …
Xiaomi releases MiMo Code V0.1.0, an open-source AI coding assistant that it says outperforms Claude Code on agentic coding and software engineering benchmarks
Xiaomi's MiMo AI team has open-sourced MiMo Code V0.1., a terminal-native AI coding assistant that the Chinese electronics giant …
Google sues Chinese cybercrime network Outsider Enterprise, accusing it of using Gemini to create fake websites and scam hundreds of thousands of Americans
Google warned that artificial intelligence had supercharged the problem of online scams.Andria Lo for The New York Times
Companies with rising AI costs are increasingly using tools that tap cheaper models, including some from China, putting pricing pressure on OpenAI and Anthropic
Startups and tech giants alike are mixing and matching AI models to avoid the premium prices charged by industry leaders
OpenAI acquires Ona, which offers cloud services to support AI agents, and plans to bring Ona's team into its Codex effort; terms of the deal were not disclosed
OpenAI has agreed to acquire Ona, a startup that offers cloud services to support artificial intelligence agents …
Coinbase launches an AI agent that can execute trades and pay for premium research; users can give it access to their main account or have it operate separately
As AI agent traffic surpasses human traffic on the internet, companies working in commerce and finance are building tools …
How Chinese manufacturers are dominating the humanoid robot supply chain in pace and price, even as the industry struggles to find a purpose for such robots
China's lead in humanoid robots was evident at last month's Humanoids Summit, a robotics conference in Tokyo.Videos by Qilai Shen and Hiroko Masuike
Sources detail frustration inside Meta's Applied AI team, formed in March to support Superintelligence Labs, over menial projects, “soul-crushing” work, more
Executives and employees alike are struggling with Meta's chaotic AI strategy, according to sources and internal discussions reviewed by WIRED.
Canadian challenger bank Koho raised a CA$130M Series E at a CA$1.33B valuation, up from $800M in 2023, as it nears obtaining a Canadian banking license
FinTech firm passes 2.5 million users as it navigates “final stages” of acquiring banking licence. — Canadian challenger bank Koho Financial …
Hyderabad, India-based Equal AI, which makes an eponymous AI-powered call screening app, raised a $30M Series B led by Prosus Ventures and Tomales Bay Capital
In India, consumers receive a lot of calls every day, ranging from spam and scams to delivery people and financial service companies trying to contact them.
Zelle owner EWS says it plans to expand the payment service later in 2026 to India, its first international market, and create its own USD-backed stablecoin
Peer-to-peer payment service Zelle will expand to India later this year, the payment service's first international market since …
Sam Bankman-Fried loses his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of FTX
Sam Bankman-Fried lost on Friday his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded.
Anthropic is blindsiding its business partners by launching potentially competitive products with little warning, changing its pricing model, lying, and more
Weeks before Anthropic in April revealed Claude Design, an AI tool for creating designs and software application prototypes, it asked firms including Figma …
Staff memo: Meta plans to limit employee token usage and encourage employees to use MetaCode, after internal AI spending forecasts reached billions for 2026
Meta Platforms plans to clamp down on skyrocketing AI costs inside the company by imposing limits on employees' token usage …
Sources: Roku is in talks to sell itself; its shares have risen about 24% this year, giving the company a market value of $19.9B; ROKU jumps 20%+ after hours
Roku Inc., the streaming video platform, is in talks to sell itself, people with knowledge of the matter said. — The San Jose, California-based company …
Europol says it has dismantled the AudiA6 crypto mixing service, which allegedly laundered $380M+ for ransomware actors and others between 2022 and 2025
KPMG retracts a report on AI's benefits after it has been found to exaggerate AI adoption with case studies that appear to have been based on AI hallucinations
Polish lawmakers pass legislation imposing prison sentences of up to five years for “trash streaming” of violent crimes, gambling promotion, and more
Polish lawmakers voted on Thursday to crack down on so-called ‘trash streaming’, imposing jail terms of up to five years …
FanDuel owner Flutter plans to delist its LSE stock on August 3, citing low trading and high costs; Flutter moved its primary listing to the NYSE in 2024
Gambling business, which also owns Betfair, to focus on New York in latest high-profile blow to UK stock market
Sources: Nvidia has told Chinese clients that its new Vera CPUs for AI data centers could be available as soon as August and that they can begin placing orders
Nvidia (NVDA.O) has told Chinese clients that its new “Vera” central processors for AI data centres could be available as soon …
A teardown reveals the Trump Mobile T1 is a gold-painted HTC U24 Pro with some small changes, including memory and storage from Micron instead of SK Hynix
The US House rejects an extension of FISA's Section 702, ensuring the warrantless surveillance program will expire for the first time since its 2008 enactment
Former a16z GP John O'Farrell criticizes the AI industry and his ex-partners for spending hundreds of millions to fight regulation, calling it “a huge mistake”
I first came to America from Ireland in 1984, as a young engineer about to attend business school.
New York City-based Current, which manages a consumer fintech platform, raised an $80M Series E at a $1.5B valuation led by Springcoast Partners
Current, NYC-based provider of a consumer fintech platform, raised $80M in Series E equity financing, at a $1.5 Billion valuation.
Memory chipmaker Kioxia replaces Toyota as Japan's largest company by market value; Kioxia's shares surged 7.6% on Friday, lifting its market cap above ~$274B
Memory chipmaker Kioxia Holdings Corp. replaced Toyota Motor Corp. to become Japan's largest company by market value, underscoring …
An interview with Grindr CEO George Arison on turning the dating app into a “global gayborhood” hub with services for HIV treatment, hotel bookings, and more
Madonna made a surprise appearance in Times Square last week, promoting her latest album, Confessions II.
Sources: SpaceX's IPO has attracted over $100B in orders from retail investors, who are expected to be allocated at least 20% of the available shares
SpaceX files the hype into history. … Elon Musk now has the filing to match the hype.Arasu Kannagi Basil /Reuters:SpaceX IPO draws more than $70 billion in retail orders, Bloomberg News reportsLinkedI...
Nesto, a Montreal-based mortgage and finance tech startup, raised a CA$302M Series E at a CA$1.47B valuation to expedite deployment of its lending platform
Montréal-based digital mortgage lender wants to speed up approvals using AI. — Montréal-based online mortgage lender Nesto …
Sources: three ex-DOGE staffers are raising $130M from a16z, Sequoia, and others for a startup that aims to use AI to secure government systems
The engineers who wreaked havoc on Washington are ready for their second act. — Some of Elon Musk's earliest Department of Government Efficiency recruits …
Sources: French startup Mistral AI is in talks to raise ~€3B at a ~€20B valuation; it was last valued at €11.7B during a funding round in September 2025
French startup Mistral AI is in talks to raise around €3 billion ($3.5 billion) at a valuation of roughly €20 billion …
Amazon says its data centers used ~2.5B gallons of water in 2025, or 0.12 liters of water per kWh, and water use at sites it owns and operates fell 2% from 2024
MrBeast hits 500M subscribers on YouTube, a record for the platform
The creator is the first to ever reach this milestone — MrBeast has broken yet another record. Jimmy Donaldson, aka MrBeast, hit 500 million subscribers on YouTube Friday, becoming the first creato...
Sources: BlackRock put in an order to buy at least $5B worth of SpaceX shares; SpaceX received an over $1B request from a single family-office investor
and is that family Trump? [embedded post]
Some investors question SpaceX's projected $1.77T valuation, citing its $4.3B loss on $4.7B in revenue in Q1, concerns over space data centers, and more
New York Times:
Jeff Bezos' Prometheus, which is building AI models for physical tasks, raised a $12B Series B at a $41B valuation, following a $6.2B Series A
Agentic workplace startup Genspark raised a $100M Series B extension at a $2.6B post-money valuation, up 63% in just three months; it has raised $645M+ to date
Agentic workplace startup Genspark raised $100 million in Series B extension funding at a $2.6 billion post-money valuation, co-founder Wen Sang tells Axios Pro exclusively.
DoorDash launches Ask DoorDash, an in-app AI chatbot that lets users in select markets order food and groceries and make reservations with photos and prompts
Infineon plans to open a €5B chip factory in Germany backed by EU subsidies, its largest single investment, on July 2 as Europe seeks to boost chip production
Infineon Technologies AG is preparing to open its largest single investment, a €5 billion ($5.8 billion) …
Anthropic, OpenAI, and other AI startups have announced major London expansions over the past year, as the city emerges as a deep AI talent pool outside the US
A slew of U.S. Big Tech and AI companies are racing to expand in London as they look to take advantage of the city's deep talent pools amid …
Sources: SpaceX decided to rent its Colossus 1 data center to Anthropic after internal teams struggled to use it for Grok development due to latency issues
- Musk's firm struggled with latency issues with Colossus 1 — SpaceX has made AI infrastructure a key part of its IPO pitch
Sources: six months after acquiring Rivos, Meta is struggling to integrate the chip startup and halted development of a chip for training its largest AI models
Meta Platforms bought semiconductor startup Rivos last year to accelerate development of in-house chips and reduce its reliance …
Nvidia and Abridge, maker of an AI note-taking app for doctors, are training an AI model for clinical conversations using de-identified data and Nemotron models
Anthropic donates $150M to launch Claude Corps, a fellowship program that will hire 1,000 fellows trained in the use of Claude and embed them at US nonprofits
Citigroup launches a blockchain-based tool for wealthy and institutional clients to trade tokenized shares of private companies, initially for foreign investors
Digital Asset, which builds Canton Network, a public blockchain with privacy features, raised $355M, including $100M from a16z crypto
Sources: Founders Fund's ~3% stake in SpaceX is now worth $50B+, after investing $600M; a16z will get the biggest return in its history, with a $10B+ stake
A small number of firms are set to net tens of billions of dollars in returns from SpaceX's initial public offering …
KKR launches Helix Digital, a new company to finance AI infrastructure, with $10B+ in committed capital from Nvidia, the Kuwait Investment Authority, and others
Sources: Shenzhen-based humanoid robot manufacturer EngineAI has filed confidentially for a Hong Kong IPO; the startup was last valued at ~$1.5B in April 2026
Chinese robotics startup EngineAI has filed confidentially for a Hong Kong initial public offering, according to people familiar with the matter …
Sources: Anthropic signed 12+ initial agreements for direct data center leases, a first for the startup, with Google potentially providing a financial guarantee
PhoenixAI, formerly CelerData, which is building what it calls an agentic AI-ready analytical database, raised an $80M Series B led by Sky9
Sources: Google is in talks with Samsung to manufacture a memory input-output die for Icefish, its 10th-generation TPU, and TSMC will make the computing engine
Barcelona-based Theker, which is building AI-powered robots for industrial environments, raised $85M led by CRV, with Samsung, LVMH, and others participating
SpaceX's trading debut is a test of the “Musk premium”, the force behind Tesla's $1T+ valuation, and a gauge of investor appetite ahead of upcoming AI-tied IPOs
but What Is a ‘Greenshoe Option’?Chris Tomlinson /Houston Chronicle:Elon Musk's SpaceX listing is full of landmines, Tesla shows why investors should sit it outTrader Edge /Blockonomi:Tesla (TSLA) Sto...
Sources: SpaceX decided to rent its Colossus 1 data center to Anthropic after internal teams struggled to use it for Grok development due to latency issues
- Musk's firm struggled with latency issues with Colossus 1 — SpaceX has made AI infrastructure a key part of its IPO pitch