Nvidia Corp. disclosed a $21 billion stake in SpaceX at the end of the second quarter, held through an investment in xAI. The stake, revealed in a regulatory filing, underscores Nvidia's growing finan…
Citadel Advisors, the hedge fund led by Ken Griffin, disclosed new Q2 2026 stakes in SpaceX, Cerebras Systems, and Quantinuum, while its 13F equity portfolio grew 41.5% to $875.1 billion from $618.5 b…
Altimeter Capital Management added a new position in Cerebras Systems worth approximately $2 billion and cut its Meta Platforms stake by 31%, shedding around 20,000 shares in early 2026, according to …
Nvidia has reportedly disclosed ownership of 122.8 million Class A shares in SpaceX, a stake worth roughly $16.6 billion at SpaceX's June 12, 2026 IPO price of $135 per share. The reported holding fol…
SpaceX has acquired AI code editor Cursor, a partnership that began in April, giving Cursor access to SpaceX's GPU fleet to build more capable models at lower cost. Grok 4.6, released Wednesday, is an…
Wall Street's $800 billion AI spending bubble could trigger a major reset in cryptocurrency markets due to their growing interconnection, according to the World Economic Forum and the IMF's 2026 Globa…
SpaceX closed its $60 billion all-stock acquisition of Cursor, the AI coding assistant built by Anysphere, on August 14, 2026, integrating the team into its SpaceXAI division. The deal, which makes Cu…
SpaceX closed its $60 billion acquisition of AI coding startup Cursor on Friday, following an initial partnership in April and a commitment in June. The two companies have already collaborated on trai…
Elon Musk told SpaceX employees during an all-hands meeting that the company will train its Grok AI model on the 'sum total' of SpaceX's institutional knowledge, making employees 'effectively the pare…
Elon Musk told SpaceX employees during an all-hands meeting that the company will train its GrokAI on the 'sum total' of SpaceX's information, including employee work and contributions, making them 'e…
Cursor has been officially acquired by SpaceX, completing a process that began in April when Cursor partnered with SpaceXAI to accelerate model training. The acquisition gives Cursor access to the lar…
MoffettNathanson analysts cast doubt on SpaceX's plan to build a terrestrial wireless network of satellite-backhauled small cells, arguing the 'bull case' hinges on securing an MVNO deal with one of t…
OpenAI's annualized revenue is set to top $40 billion, according to Bloomberg, positioning the ChatGPT maker for a blockbuster IPO as early as this year. However, cost-conscious customers are increasi…
Serena Williams, founder of Starfire Ventures (formerly Serena Ventures), said she has had to learn mentorship in her new role as entrepreneur-in-residence for Reckitt's Catalyst program, emphasizing …
Investors in Anthropic expect the Claude maker's IPO in October to value the company at $2 trillion or more, which would make it the largest initial public offering ever, surpassing SpaceX's $1.77 tri…
Anthropic investors expect the AI lab to go public in October with a targeted valuation of $2 trillion or higher, which would more than double its $965 billion valuation from May and eclipse SpaceX's …
Investors in Anthropic, the developer of the Claude AI models, are targeting a $2 trillion valuation for its October IPO, according to the Financial Times, citing the company's projected revenue of $1…
OpenAI has released a preview of its ChatGPT desktop application for Linux, an Electron-based proprietary program that supports Ubuntu 24.04 LTS and 26.04 LTS, Debian 13, and Fedora 43 and 44 on x86-6…
Anthropic could target a valuation north of $2 trillion as the AI lab eyes an October launch for its IPO, according to a Financial Times report. That would break the record $1.77 trillion that SpaceX …
Anthropic investors expect the AI lab's upcoming IPO, slated for around October, to value the company at least $2 trillion, more than double its current valuation, according to half a dozen investors …