SpaceX officially filed for what could become the largest IPO in history, targeting a $1.75 trillion valuation and seeking to raise $75 billion as investors gain their first detailed look into the company’s finances, AI ambitions, and Starlink profitability.
The Trump administration is distributing $2 billion in grants across nine quantum computing companies, triggering premarket rallies of up to 25% in several quantum-related stocks.
Meta reportedly laid off 8,000 employees and reassigned 7,000 workers to AI projects while introducing internal AI systems designed to monitor employee activity for model training purposes.
SpaceX is reportedly planning to acquire AI startup Cursor for $60 billion roughly 30 days after its expected IPO, signaling a major expansion into artificial intelligence software.
Bolt CEO Ryan Breslow said the fintech company eliminated its entire HR department during a broader restructuring effort, arguing the team was creating unnecessary internal issues.
Polymarket, in partnership with Nasdaq, introduced prediction markets tied to private companies, expanding speculative trading beyond public equities and cryptocurrencies.
Google and Blackstone launched a new U.S.-based AI infrastructure company built around Google’s TPU chips, aiming to compete with Nvidia and cloud computing firms like CoreWeave.
Meta is reportedly planning to cut 20% of its global workforce while reallocating 7,000 employees to artificial intelligence projects as part of a major restructuring effort.
The SEC is reportedly preparing an 'innovation exemption' that could allow tokenized versions of stocks to trade on crypto platforms, marking a major step toward integrating blockchain infrastructure into U.S. equity markets.
HIVE Digital shares jumped 40% after subsidiary BUZZ HPC unveiled plans for a C$3.5 billion AI gigafactory in the Greater Toronto Area with 320 MW capacity.
Ryanair said it has contingency plans for an 'armageddon scenario' as soaring jet fuel costs threaten weaker European airlines.
OpenAI introduced ChatGPT Finance, a new feature allowing users to connect bank accounts and manage personal finances through AI-powered tools available to Pro subscribers.
Berkshire Hathaway disclosed major portfolio changes in its latest 13F filing, adding to Alphabet and Delta Air Lines while fully exiting positions including Visa, Mastercard, and Amazon.
