All posts tagged: filing

Trump wants delay, E. Jean Carroll wants million award paid: Filing

Trump wants delay, E. Jean Carroll wants $5 million award paid: Filing

Published by Sam Flores

E. Jean Carroll arrives at Manhattan federal court in New York as her defamation suit against Donald Trump continues in New York City on Jan. 26, 2024. Spencer Platt | Getty Images The writer E. Jean Carroll is seeking the prompt release of the nearly $5.8 million she is owed from a civil jury verdict holding President Donald Trump liable for sexually abusing and defaming her, a new court filing by her lawyers said. But Trump wants to delay that so he can potentially ask the Supreme Court to reconsider its refusal Monday to hear his appeal, according to the filing in U.S. District Court in Manhattan. Such a request is rarely granted. And Carroll flatly rejects the suggestion she allow any further delay in her getting paid. “This is the end of the line,” Carroll’s lawyer Roberta Kaplan wrote in the filing Tuesday night to District Court Judge Lewis Kaplan, asking him to order the release of funds set aside by Trump to satisfy the May 2023 jury verdict. “To date, Carroll has agreed …

Data center provider Csquare reports revenue rise in US IPO filing

Data center provider Csquare reports revenue rise in US IPO filing

Published by Sam Flores

June 16 : Data center provider Csquare on Tuesday revealed a rise in annual and quarterly revenue in its filing for an initial public offering in the U.S. Activity in the U.S. IPO market has seen a rebound as several sectors seek to capitalize on the investor enthusiasm for fresh stocks, with many companies seeing a strong reception on their debut days. Elon Musk’s SpaceX went public in New York on Friday after a record-breaking IPO. AI giants Anthropic and Sam Altman’s OpenAI have also filed confidentially to go public in the U.S. The rapid shift toward AI development and deployment is driving a surge in demand for the type of infrastructure provided by Csquare, a data center operator that provides space, power and connectivity ​solutions. Dallas-based Csquare provides services to enterprise and hyperscale customers. It ​operates more than 80 data centers across 30 markets in ‌North ⁠America and Europe, according to its website. The company also has strategic relationships with technology service distributors, including Bridgepoint, Intelisys, Telarus, Avant and Sandler ​Partners. It did not …

Outdoor retailer set to close 59 stores in the US amid bankruptcy filing

Outdoor retailer set to close 59 stores in the US amid bankruptcy filing

Published by Daniella Wilson

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more The largest boating supplies store in America is closing 59 stores across the country after filing for bankruptcy. West Marine, a major Florida-based boating and marine supply retailer, announced May 17 that it had filed for voluntary Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. “Like many in the boating community, West Marine has faced headwinds in recent years, including supply chain disruptions, extreme weather events, and shifts in consumer behavior,” said CEO Paulee Day in a news release. The company said in its petition that 59 stores will be shuttered nationwide — more than a quarter of their 200 locations across 34 states and Puerto Rico — in a “proactive step” in attempting to restructure its operations. “The …

Zepto’s IPO filing reveals fast growth, bigger losses, and a valuation question nobody’s answered yet

Zepto’s IPO filing reveals fast growth, bigger losses, and a valuation question nobody’s answered yet

Published by skeptic

Indian quick-commerce startup Zepto has unveiled plans for an initial public offering that could be valued at about $1 billion, putting one of Y Combinator’s biggest bets outside the U.S. on the path to public markets. The filing, released Monday, offers a rare look at how one of India’s most closely watched startups plans to sustain its breakneck growth after listing. Zepto’s advertising revenue rose more than 151% year-over-year to ₹16.4 billion (about $171 million) in fiscal 2026, outpacing the company’s 104% increase in operating revenue to ₹115.5 billion (around $2.4 billion). While grocery deliveries remain Zepto’s core business, the faster growth of its advertising arm points to a broader shift in how the startup makes money — a strategy Amazon pioneered, turning its marketplace into one of the world’s most profitable ad businesses by selling visibility to the same merchants competing on its platform. Founded in 2021 by Stanford dropouts Aadit Palicha and Kaivalya Vohra, Zepto has grown into one of India’s fastest-growing startups, competing with Zomato-owned Blinkit and Swiggy’s Instamart in the country’s …

OpenAI Confirms Confidential IPO Filing, With Big Stakes for the AI Boom

OpenAI Confirms Confidential IPO Filing, With Big Stakes for the AI Boom

Published by skeptic

OpenAI, perhaps the best-known company in the booming artificial intelligence market, filed confidentially on Monday for an initial public offering. Although there’s no date yet for the company’s public offering, this is a much-anticipated move, and according to The New York Times, an OpenAI IPO “could be one of the largest public offerings to hit Wall Street.” “We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it,” OpenAI said in a statement posted on X on Monday afternoon. “We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it’s a complicated set of trade-offs and this gives us the option to go public sooner if that ends up being best.” Filing confidentially means that, while OpenAI has likely begun the IPO process and submitted documents to the Securities and Exchange Commission, the details remain private. It’s different from a public filing, where the company’s prospectus and financial information are available for …

Instant View: Anthropic IPO filing ratifies Wall Street’s AI obsession

Instant View: Anthropic IPO filing ratifies Wall Street’s AI obsession

Published by Sam Flores

NEW YORK, June 1 : AI giant Anthropic said on Monday it has confidentially filed for a U.S. initial public offering, teeing up a watershed moment for Wall Street’s AI frenzy. Tech stocks continue to lead the Nasdaq Composite and S&P 500 in a record-breaking market rally, while Elon Musk’s SpaceX is set to price its IPO this month and Anthropic rival OpenAI, led by Sam Altman, is waiting on deck. MARKET REACTION: U.S. stocks were mixed on Monday afternoon, with the Nasdaq up 0.3 per cent, the S&P 500 up 0.1 per cent and the Dow industrials off 0.3 per cent. Salesforce rose 10 per cent on Monday, following a report that its stake in Anthropic is valued at $5 billion. COMMENTS: MATT KENNEDY, SENIOR STRATEGIST AT RENAISSANCE CAPITAL, NEW YORK:”It’s true that many private tech unicorns have sat on the sidelines waiting for an IPO market that would grant them their desired valuations. That is not the case with Anthropic and other “elite” AI developers.” “Virtually any private round Anthropic raised would have …

SpaceX Listed Grok’s ‘Spicy’ Mode as a Risk in Its IPO Filing

SpaceX Listed Grok’s ‘Spicy’ Mode as a Risk in Its IPO Filing

Published by skeptic

SpaceX warned investors that AI features such as Grok’s “Spicy” and “Unhinged” modes, which allow the chatbot to generate raunchy image or voice responses with fewer safety filters, could expose the company to regulatory scrutiny and reputational damages, according to a filing submitted Wednesday as part of the company’s planned initial public offering. As of December, SpaceX had set aside $530 million for potential litigation losses, some of which could stem from ongoing complaints filed against its AI unit over sexualized imagery generated by its Grok chatbot. The disclosures show how SpaceX took on new financial and reputational risks when it acquired Elon Musk’s artificial intelligence startup xAI in February, a deal which sent the rocket maker’s private valuation soaring to over $1 trillion. In the filing, SpaceX repeatedly claims that xAI’s mission is to develop “truth-seeking artificial intelligence.” In practice, that has often meant launching AI features with minimal guardrails. While Grok’s free-wheeling nature is often framed by Musk as a selling point, it has landed xAI in hot water with regulators. Disclosing potential …

SpaceX IPO filing brings Musk’s interplanetary ambitions to Wall Street

SpaceX IPO filing brings Musk’s interplanetary ambitions to Wall Street

Published by Sam Flores

May 20 : As Elon Musk’s SpaceX races toward what could be the largest IPO in history, its filing delivers a rare mix of hard financial data and bold ambitions of exploring the frontiers of space. The filing’s references to lunar missions and Mars settlement echo the popular space-age futuristic themes of “The Martian” and “Interstellar,” while grounding those ambitions in the more familiar language of commercial space development. The company identified asteroid mining, in-orbit manufacturing and energy production on the moon and Mars as potential future opportunities, even though these ventures appear nowhere near feasibility. The language in the filing at times veered from conventional corporate disclosure to warnings of existential peril. “We do not want humans to have the same fate as dinosaurs,” the company said, as it made a case for interplanetary travel. The part-balance-sheet, part-science-fiction nature of the paperwork is just one of several signs that show how unprecedented SpaceX’s IPO truly is, in terms of size, ambition and business model. It is also consistent with Musk’s public persona. The billionaire …

The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center

The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center

Published by skeptic

SpaceX, the aerospace company founded by Elon Musk 24 years ago, has finally made its IPO filing public. And once the company goes public, Musk will be at its center as CEO, CTO, and Chairman of the board. The hefty filing, posted after markets closed Wednesday, shows a company that has developed far beyond its initial pursuit of reusable rockets — although its long-term mission to create a multi-planetary species remains intact. SpaceX is now a technology conglomerate working on satellites and AI, and has become one of the world’s most valuable private companies. When it goes public later this year on the Nasdaq exchange, it will become one of the most valuable publicly-traded companies. (Nvidia currently holds the crown with a market cap of $5.4 trillion.) SpaceX has chosen the ticker “SPCX” for the listing. The regulatory filing, known as an S-1, offers the most vivid and financially illuminating public dissection of SpaceX’s business to date. And it comes just weeks ahead of what’s expected to be the largest IPO ever, both in terms …

SpaceX IPO Filing Reveals Anthropic Is Paying Billion a Year to Access Its Data Centers

SpaceX IPO Filing Reveals Anthropic Is Paying $15 Billion a Year to Access Its Data Centers

Published by skeptic

Anthropic has agreed to pay SpaceX $1.25 billion per month through May of 2029 for access to cloud computing infrastructure, a long-awaited US regulatory filing revealed on Wednesday. In other words, Anthropic will be sending a rival artificial intelligence lab roughly $15 billion a year, an extraordinary sum that demonstrates how access to compute has become one of the defining bottlenecks in the race to develop advanced artificial intelligence. Anthropic and SpaceX announced a deal earlier this month that gives the Claude developer access to GPUs at Colossus and Colossus II, a pair of data centers straddling Tennessee and Mississippi with more than one gigawatt of computing power. SpaceX had rushed to build the facilities for its xAI unit, which develops the Grok AI chatbot, but Musk said his company didn’t need all of their computing capacity in the end. Terms of the deal had not been previously disclosed. Anthropic is paying an unspecified reduced fee for May and June before the $1.25 billion per month rate takes effect, SpaceX said in its S-1 regulatory …