IPO

Twitter

Facebook

Copy Link

Top News

SpaceX strikes deal with Cursor, secures option to buy AI coding startup for $60 billion

SpaceX announced a partnership with Cursor to develop advanced AI coding tools, including an unusual provision that gives it the option to acquire the popular software development platform for $60 billion later this year. The deal comes as SpaceX prepares for what could be the largest IPO ever, potentially valued at $1.75 trillion, and reflects Elon Musk's strategy to consolidate his tech empire.

Technology33 sources

SpaceX strikes deal with Cursor, secures option to buy AI coding startup for $60 billion

Technology33 sources

Victory Giant surges 60% on Hong Kong debut after raising $2.6 billion in largest IPO this year

Victory Giant Technology, a Chinese supplier to Nvidia, saw its shares rocket nearly 60% on its Hong Kong debut after raising $2.6 billion in the city's largest listing in seven months. The printed circuit board maker attracted 37 cornerstone investors and plans to expand production capacity in mainland China as demand for AI hardware intensifies.

Business3 sources

Victory Giant surges 60% on Hong Kong debut after raising $2.6 billion in largest IPO this year

Business3 sources

Fermi CEO and CFO abruptly exit AI nuclear power firm, shares plunge 22% amid Project Matador struggles

Fermi co-founder Toby Neugebauer and CFO Miles Everson suddenly departed the AI nuclear power developer, sending shares down 22% on Monday. The company is developing a 17-gigawatt AI campus in Texas powered by nuclear reactors, but has struggled to secure an anchor tenant for Project Matador. Analysts suggest the management overhaul could ease customer friction and improve negotiations.

Business4 sources

Fermi CEO and CFO abruptly exit AI nuclear power firm, shares plunge 22% amid Project Matador struggles

Business4 sources

iLearningEngines executives arrested for $421M AI fraud scheme that fabricated customers

Federal prosecutors charged the former CEO and CFO of iLearningEngines with running a massive fraud operation that fabricated virtually all customer relationships and revenue. The AI-driven business automation company, which reached a $1.5 billion market value, allegedly faked at least 90% of its $421 million in reported 2023 revenue before filing for bankruptcy in late 2024.

Policy4 sources

iLearningEngines executives arrested for $421M AI fraud scheme that fabricated customers

Policy4 sources

Cerebras Systems files for IPO after landing $20 billion OpenAI deal and challenging Nvidia

Cerebras Systems, an AI chipmaker building wafer-scale processors, has filed publicly for an IPO months after withdrawing a previous attempt. The company brought in $510 million in revenue in 2025 with a $24.6 billion backlog, including a massive $20 billion deal with OpenAI. But despite 20x revenue growth since 2022, Cerebras remains operationally unprofitable with 86% of revenue coming from just two customers.

Business11 sources

Cerebras Systems files for IPO after landing $20 billion OpenAI deal and challenging Nvidia

Business11 sources

Iconiq, Wealth Adviser for Tech Billionaires, Pours Billions Into AI Startups Like Anthropic

Iconiq, the secretive wealth management firm managing $100 billion for tech leaders like Mark Zuckerberg and Jensen Huang, has emerged as a major force in AI investment. The firm put over $3 billion into AI startups in 2025 alone and invested approximately $4 billion in Anthropic, positioning itself among Silicon Valley's most aggressive venture capital players.

Business2 sources

Iconiq, Wealth Adviser for Tech Billionaires, Pours Billions Into AI Startups Like Anthropic

Business2 sources

Sequoia Capital raises $7 billion late-stage fund to double down on AI investment under new leaders

Sequoia Capital has secured roughly $7 billion for a new expansion strategy fund, nearly doubling its 2022 vehicle of $3.4 billion. The fundraise marks the first major capital raise under new co-stewards Alfred Lin and Pat Grady, who took leadership in November 2025. The fund targets late-stage investments in US and Europe, with a sharp focus on AI giants like OpenAI and Anthropic, both eyeing 2026 public listings.

Business4 sources

Sequoia Capital raises $7 billion late-stage fund to double down on AI investment under new leaders

Business4 sources

Manycore shares surge 140% in Hong Kong IPO as Chinese AI firm bets on spatial intelligence

Manycore Tech raised $160 million in an oversubscribed Hong Kong IPO, with shares rallying 140% on debut. The Hangzhou-based Chinese AI firm is pivoting from its real estate software roots to spatial intelligence, targeting robotics and world models. Co-founder Victor Huang, a former Nvidia engineer, believes robotics will define the era as the company leverages 500 million 3D assets to train AI for the physical world.

Business3 sources

Manycore shares surge 140% in Hong Kong IPO as Chinese AI firm bets on spatial intelligence

Business3 sources

Canva bets its $42 billion valuation on AI 2.0 transformation ahead of anticipated IPO

Australian design platform Canva launched AI 2.0, a complete rebuild using proprietary AI models and agentic tools. With 265 million monthly users and $4 billion in revenue, the company is making a strategic shift to AI ahead of a potential public listing by 2026. But investor concerns about AI disruption to software companies have wiped billions off competitors like Adobe and Figma.

Technology4 sources

Canva bets its $42 billion valuation on AI 2.0 transformation ahead of anticipated IPO

Technology4 sources

DEEPX AI chip startup eyes IPO after $408M funding round, expands Hyundai robotics partnership

South Korean AI chip startup DEEPX is preparing for an IPO after raising over $408 million in its ongoing funding round. The company is expanding its partnership with Hyundai Motor Group to develop a generative AI computing platform for robots using its next-generation low-power chips, positioning itself as a key player in Seoul's push to become an AI leader.

Technology3 sources

DEEPX AI chip startup eyes IPO after $408M funding round, expands Hyundai robotics partnership

Technology3 sources

Anthropic draws $800 billion offers as OpenAI faces investor scrutiny over strategic shifts

Anthropic has received investor offers valuing the AI startup at $800 billion, more than doubling its February valuation, as its revenue surged to $30 billion. Meanwhile, OpenAI's $852 billion valuation faces questions from its own backers over strategic pivots and accounting disputes. The rivalry highlights intensifying AI competition in the enterprise market.

Business10 sources

Anthropic draws $800 billion offers as OpenAI faces investor scrutiny over strategic shifts

Business10 sources

Blackstone files $2B IPO to capitalize on AI infrastructure boom amid data center shortages

Blackstone filed for a $2 billion initial public offering of a new data center acquisition vehicle targeting properties valued between $250 million and $1.5 billion. The move positions the $1.3 trillion asset manager to lead AI infrastructure investment as tech giants struggle with capacity constraints and power shortages.

Business2 sources

Blackstone files $2B IPO to capitalize on AI infrastructure boom amid data center shortages

Business2 sources

Florida launches investigation into OpenAI over ChatGPT's alleged role in FSU shooting

Florida Attorney General James Uthmeier announced a state investigation into OpenAI, citing ChatGPT's alleged involvement in the Florida State University shooting that killed two people in April 2025. The probe also examines national security risks and child safety concerns as the AI firm prepares for a potential IPO valued up to $1 trillion.

Policy17 sources

Florida launches investigation into OpenAI over ChatGPT's alleged role in FSU shooting

Policy17 sources

Nvidia-backed Firmus hits $5.5B valuation with $505M raise, eyes $2B ASX IPO in June

Australian AI data center company Firmus has raised $505 million led by Coatue at a $5.5 billion valuation, bringing total capital raised to $1.35 billion in six months. The Nvidia-backed startup is now targeting a $2 billion IPO on the Australian Securities Exchange in June or July, supported by a $10 billion Blackstone debt facility to build AI infrastructure across Australia.

Startups6 sources

Nvidia-backed Firmus hits $5.5B valuation with $505M raise, eyes $2B ASX IPO in June

Startups6 sources

OpenAI faces internal turmoil as Sam Altman pushes IPO amid executive clashes and spending crisis

OpenAI is racing toward a potential IPO at an $852 billion valuation, but internal tensions are mounting. CEO Sam Altman wants to go public by Q4, while CFO Sarah Friar warns the company isn't ready. Executive departures, discontinued projects like Sora, and a bitter compute war with Anthropic reveal a company struggling to balance astronomical spending with revenue generation.

Business7 sources

OpenAI faces internal turmoil as Sam Altman pushes IPO amid executive clashes and spending crisis

Business7 sources

Prev 1…678…12 Next