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Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology
Reuters69d agoneutral
Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology

SpaceX CEO Elon Musk said on Monday that building orbital AI data centers is not a difficult engineering challenge as the company prepares for ‌its blockbuster IPO this week. The billionaire said that much of the required technology already ‌exists in its current Starlink satellite network. "Part of what we want to convey here is that there is not some ​magic that is necessary, that doesn't exist," Elon Musk said in a video discussion released by the company.

University Endowments Are About to Strike It Big on the SpaceX IPO
The Wall Street Journal69d agoneutral
University Endowments Are About to Strike It Big on the SpaceX IPO

SpaceX is among the most widely held investments across colleges and universities, endowment executives say, likely making the rocket company’s coming IPO one of the great windfalls for American endowments. Many schools’ investments in SpaceX make up a low-single-digits percentage of their endowments. A handful of schools have outsize positions that make up a tenth or more of their endowments, unusual scenarios for institutions that typically aim to have well-diversified investment portfolios.

Wall Street Is Rushing to Fund the AI Bonanza in Every Conceivable Way
The Wall Street Journal69d agoneutral
Wall Street Is Rushing to Fund the AI Bonanza in Every Conceivable Way

Such is life on Wall Street at the dawn of the artificial-intelligence build-out. Tech companies are hungry for cash to invest in data centers, and investors are forking it over through all possible means, in all parts of the globe—a flurry of fundraising that has mostly supported markets by powering technological advances, even as it tests their ability to absorb it all. Alphabet’s announcement that it would raise $85 billion of equity was just the latest example.

Investing.com69d agoneutral
OpenAI files confidentially for IPO amid tightening AI race

Investing.com -- OpenAI has confidentially submitted a draft S-1 filing to the Securities and Exchange Commission, setting up what could be one of the largest public listings in the tech sector. The company stated it chose to announce the move proactively because it expected the confidential regulatory submission to leak. Management noted that a definitive timeline for the initial public offering has not been established, warning that the process may take a while. The company indicated it still

Exclusive: Cathie Wood's Ark Invest reveals the cost of mega IPOs
TheStreet69d agoneutral
Exclusive: Cathie Wood's Ark Invest reveals the cost of mega IPOs

Wall Street is bracing for a wave of blockbuster listings. SpaceX announced in May that it would debut on Nasdaq on June 12 in what could be the largest IPO in history, with an estimated $1.75 trillion valuation. A few days later, Anthropic, the AI lab behind Claude.AI, also announced ...

OpenAI files for IPO
CNN Business69d agoneutral
OpenAI files for IPO

OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors.

Traders are pricing SpaceX 70% higher before its June 12 IPO
TheStreet70d agoneutral
Traders are pricing SpaceX 70% higher before its June 12 IPO

SpaceX won't ring the bell on Nasdaq until June 12, but crypto traders have already started betting on it. On Hyperliquid (HYPE), a synthetic contract by SPCX-USDC has started tracking the rocket maker's valuation. Hyperliquid is a decentralized crypto exchange built for perpetual ...

Bloomberg70d agoneutral
SpaceX IPO Is Said to Be Well Oversubscribed, Orders Close Wednesday

(Bloomberg) -- SpaceX’s initial public offering is well oversubscribed, according to people familiar with the matter, as demand builds for a potentially record-setting debut.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalLA Mayor Race Flips as Socialist Beats Reality TV Star PrattWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack, Imper