Underwriters have exercised their full option to acquire additional shares, pushing the total capital raised by SpaceX to a record-breaking $85.7 billion. This surge follows an initial offering of $75 billion, further cementing the company's position as the largest IPO windfall in financial history.
Prime Minister Keir Starmer announced a sweeping prohibition on social media access for children under 16, aiming to curb the platforms' addictive influence. The policy, which excludes messaging apps like WhatsApp, targets major networks including TikTok, Instagram, and X, with enforcement expected to begin as early as next spring.
Bengaluru-based Sarvam has reached a $1.5 billion valuation after securing $234 million in a funding round led by HCLTech. The investment underscores a growing urgency among Indian firms and government bodies to develop sovereign AI infrastructure, reducing reliance on the concentrated power of overseas technology providers.
Fox will acquire streaming giant Roku for $22 billion in a cash-and-stock deal, a move designed to bridge the gap between traditional live news and sports with the rapidly expanding connected TV market. The transaction aims to secure a dominant position in the fragmented landscape of modern video consumption.
As corporations integrate autonomous AI into their daily operations, cybersecurity startup NewCore has secured $66 million in seed funding to provide a unified identity management system. Valued at $300 million, the company aims to secure the digital identities of AI agents that function increasingly like human employees.
For the first time, an Earth observation satellite has autonomously identified specific terrain features using a vision-language model. This milestone, achieved in April by Loft Orbital’s Yam-9 spacecraft, signals a shift from traditional data-heavy satellite operations to intelligent, edge-based systems capable of processing imagery directly in orbit.
Tech companies are shedding staff at a record pace, citing artificial intelligence as the primary driver for downsizing. Yet, with firms posting record profits and AI insiders minting fortunes, skeptics increasingly view the technology as a convenient cover for correcting pandemic-era overhiring rather than a genuine operational necessity.
A 20% surge in successful candidate placements at The Stepping Stones Group highlights the impact of Orbio, a startup utilizing AI agents to streamline hiring and onboarding. Following a $21 million Series A led by Dawn Capital, the company aims to overhaul how industries like retail and logistics manage their workforce.
Convicted startup founder Charlie Javice is quietly lobbying for a presidential pardon, joining a growing queue of high-profile white-collar defendants hoping for clemency before the nation’s 250th birthday. While no formal request has reached the Justice Department, her camp is actively cultivating influence within the incoming Trump administration.
Prime Minister Keir Starmer is preparing to unveil a restrictive policy banning social media access for children under 16, mirroring aggressive legislative measures recently adopted in Australia. The proposal aims to curb exposure to harmful online content following intense public pressure regarding the impact of digital platforms on adolescent mental health.
SpaceX has set a high-stakes precedent with its massive IPO, pushing Elon Musk toward trillionaire status while triggering a ripple effect across the tech sector. As OpenAI and Anthropic prepare their own market debuts, investors are now watching to see if these AI giants will mimic the SpaceX model or carve out new paths.
SpaceX has reached a market capitalization of $2.1 trillion, vaulting past Tesla to become the sixth most valuable U.S.-listed company. The aerospace giant’s debut on public markets has fueled intense speculation regarding a potential merger with Elon Musk’s automotive firm, a scenario hinted at in recent regulatory filings.
At $299, the Sonos Play bridges the gap between a stationary desk companion and a rugged, portable speaker. Weighing 1.3 kilograms and featuring a built-in utility loop, it allows users to transition seamlessly from workspace audio to outdoor environments without sacrificing the convenience of physical controls or integration.
A U.S. government directive forcing Anthropic to restrict access to its Fable 5 and Mythos 5 models for foreign nationals has ignited an urgent debate in India. The move, which impacts even the company’s own non-U.S. employees, has exposed the risks of relying on foreign-governed technology for critical infrastructure.
Meta has initiated the formal dismantling of its $2 billion acquisition of AI startup Manus, severing internal system access and halting data exchanges. The move follows a mandatory divestiture order issued by Beijing two months ago, citing national security concerns and strict technology export controls over China-linked ventures.
KPMG has scrubbed its latest research on agentic AI from public view after major organizations, including the UK’s National Health Service and UBS, identified significant inaccuracies. The firm appears to have fallen victim to the very technology it sought to analyze, with evidence suggesting the report was riddled with AI-generated hallucinations.
Amazon CEO Andy Jassy reportedly alerted U.S. government officials to security vulnerabilities within Anthropic’s AI systems, triggering a sudden global export ban. The intervention followed claims that Amazon researchers successfully leveraged Claude Fable 5 to extract data capable of facilitating cyberattacks against critical infrastructure.
A coalition of state attorneys general has launched an investigation into OpenAI, signaling heightened regulatory scrutiny over the company’s business practices. New York’s office recently served a subpoena demanding internal documents regarding everything from model behavior and data privacy to the specific protection of minors and seniors using the platform.
Falling asleep often requires the distraction of a podcast or rain sounds, but traditional earbuds are rarely comfortable for an entire night. The new Jabees Peace Duo attempts to solve this with bone conduction technology, sliding discreetly beneath a pillow to transmit audio directly to the user without disturbing a partner.
A quiet, 22,000 square-foot mock municipality sits on the FBI’s Huntsville campus, complete with a hospital, gas station, and courthouse. This purpose-built environment, known as the Kinetic Cyber Range, serves as a high-stakes laboratory where agents practice hunting digital threats that have ballooned into a $20.9 billion annual crisis.
Entrepreneur Andrew Yang is betting that the next wave of startup innovation won't come from aggressive extraction, but from lowering the cost of living for everyday Americans. Inspired by Mark Cuban’s Cost Plus Drugs, Yang is pivoting toward business models that prioritize returning margins directly to the consumer.
The U.S. government has issued a mandatory directive forcing Anthropic to immediately deactivate its two most advanced AI models, Claude Fable 5 and Claude Mythos 5. While Anthropic has complied with the order, the company openly disputes the decision, arguing that the security concerns cited are both narrow and technically overstated.
A livestreamed presentation at Meta descended into chaos this week when an employee hijacked the feed to berate a senior executive with profanities. The outburst reflects a deeper, systemic crisis within the company’s three-month-old Applied AI unit, where thousands of engineers report feeling coerced into soul-crushing, repetitive labor.
A massive cybercrime network known as Outsider Enterprise has allegedly swindled hundreds of thousands of victims out of nearly $2 billion by weaponizing artificial intelligence. Google filed suit on Friday to dismantle the organization, which utilized over one million fraudulent domains and AI-generated templates to impersonate major brands and financial institutions.
SpaceX shares surged 19% on their Nasdaq debut Friday, closing at $160.95 and pushing the aerospace giant’s market capitalization to nearly $2.3 trillion. The historic public offering transformed founder Elon Musk into the world’s first trillionaire while triggering a massive windfall for early venture capital backers and thousands of employees.
A potential merger between SpaceX and Tesla could simplify Elon Musk’s complex corporate empire, according to SpaceX president and COO Gwynne Shotwell. While Musk continues to pivot his electric vehicle manufacturer toward AI and robotics, recent regulatory filings suggest SpaceX is laying the groundwork for a massive consolidation of his assets.
SpaceX has officially entered the public markets, pricing 555.6 million shares at $135 each to raise $75 billion. This historic debut not only cements the company’s position as the largest IPO ever recorded but also pushes Elon Musk’s personal wealth toward the trillion-dollar threshold as trading activity surges on the Nasdaq.
With shares climbing to $176 during midday trading, SpaceX vaulted into the ranks of the six most valuable U.S. companies on its first day as a public entity. The surge pushed the firm’s market capitalization to nearly $2.3 trillion, cementing a historic debut that immediately reshaped personal and institutional fortunes.
Paris-based AI lab Mistral is reportedly seeking €3 billion in new capital, a move that would push the company’s valuation to roughly €20 billion. This target nearly doubles the firm’s standing from last September, signaling an aggressive push to challenge the dominance of American artificial intelligence giants.
A massive wave of retail interest following the public debut of SpaceX pushed trading platforms to their limits on Friday. As shares soared shortly after the morning bell, Robinhood confirmed record-breaking traffic levels, forcing some users to navigate intermittent latency issues while attempting to capitalize on the historic market entry.
