SpaceX SPV Investors Face Uncertainty Over Share Holdings
SpaceX's IPO has left some SPV investors unsure of their true holdings, with lock-up periods delaying share distributions for up to nine months.
Business
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The business of AI — funding rounds, acquisitions, enterprise adoption, and market moves. Who is investing, who is partnering, and how AI is reshaping company strategy and the wider economy.
LATEST NEWS
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SpaceX Sets IPO Price at $135, Becomes Largest Ever
SpaceX priced its shares at $135 each, raising $75 billion in its largest-ever IPO, surpassing Saudi Aramco's 2019 offering.
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Google Expands Community Investments in Virginia
Google announced new investments in Virginia to support 2,741 apprentices by 2030 and fund energy affordability projects.
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Jeff Bezos' Prometheus Secures $12 Billion Funding at $41 Billion Valuation
Jeff Bezos' AI startup Prometheus raised $12 billion in funding, pushing its valuation to $41 billion, according to CNBC.
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Deezer Launches AI Music Detector Tool
Deezer unveiled a free AI music detection tool that scans playlists across 20 platforms to identify synthetic tracks, supporting 27 languages.
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OpenAI to Acquire Ona to Expand Codex Cloud Capabilities
OpenAI announced on June 11, 2026, that it will acquire Ona, expanding Codex's secure cloud execution for long-running agents, with over 5 million weekly users.
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DXC to Integrate Claude into Mission-Critical Systems
DXC Technology will train thousands of Claude-certified engineers to deploy the AI model in systems for banks, airlines, and government agencies by 2026.
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OpenAI and Anthropic Battle Over API Token Pricing
OpenAI is considering cutting token prices to attract customers from Anthropic, which may soon follow suit, according to the Wall Street Journal.
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Anthropic's Dario Amodei Has Just One Direct Report
Anthropic’s Dario Amodei, whose company is valued at over $1 trillion, has only one direct report, his chief of staff.
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Anthropic Launches Claude Corps Fellowship Program
Anthropic announced a $150 million initiative to train 1,000 AI fellows to help nonprofits across the U.S. during economic transformation.
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Opendoor Shuts India Operations Amid AI-Driven Workforce Shift
Opendoor is closing its India operations less than two years after expanding there, signaling a shift in AI's impact on global outsourcing.
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OpenAI IPO Delayed as Altman Seeks Public Offering Within Next Year
OpenAI CEO Sam Altman informed staff of an IPO expected within the next year, delaying the planned 2026 offering to 2027.