All posts tagged: IPO

The Download: plastic’s problem with fuel prices, and SpaceX’s blockbuster IPO

The Download: plastic’s problem with fuel prices, and SpaceX’s blockbuster IPO

Published by skeptic

3 Iran has struck Amazon’s cloud business in Bahrain again It promised to hit US companies only yesterday. (FT $) + Other targets include Google, Microsoft, Apple, and Nvidia. (CNBC) + AWS data centers in Bahrain were also hit last month. (Reuters $)  4 OpenAI was secretly behind a child safety campaign group It pushed for age verification requirements for AI. (The San Francisco Standard $) + OpenAI had backed the legislation as a compromise measure. (WSJ $) + Coincidentally, Sam Altman heads a company providing age verification. (Engadget)  5 Anthropic is scrambling to limit the Claude Code leak It’s trying to remove 8,000 copies of the exposed code from GitHub. (Gizmodo) + An executive blamed the leak on “process errors.” (Bloomberg $) + Here’s what it reveals about Anthropic’s plans. (Ars Technica) + AI is making online crimes easier—and it could get much worse. (MIT Technology Review)  6 A new Russian “super-app” aims to emulate China’s WeChat And give the Kremlin new surveillance powers. (WSJ $)  7 America’s AI boom is leaving the rest of the world behind  And it’s concentrating power and wealth in a handful of companies. (Rest of World)  8 Chinese chipmakers have claimed nearly half the country’s market Nvidia’s lead is shrinking rapidly. (Reuters $)  9 The first quantum computer to break …

SpaceX Files for IPO

SpaceX Files for IPO

Published by José Betancourt

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech Following months of rumors, Bloomberg reports that Elon Musk’s space company SpaceX has confidentially filed for an initial public offering, bringing it one step closer to what could easily be the single-biggest listing in history. Inside sources told the broadcaster that the company had submitted a draft IPO registration to the US Securities and Exchange Commission, while trying to keep the plans under wraps. A confidential listing allows companies to make changes ahead of a filing based on regulator feedback. The paperwork puts the company on track for a June listing, sources told Bloomberg. That means it likely has yet to set a number of shares and price range. Nonetheless, the scale of the offering could be absolutely enormous, with the latest estimates suggesting SpaceX could be going public with a valuation of north of $1.75 trillion. The news comes two months after Musk’s embattled AI startup xAI was folded into the rocket manufacturer, highlighting its ambition to …

SpaceX files confidentially for IPO in mega listing potentially valued at .75 trillion, report says

SpaceX files confidentially for IPO in mega listing potentially valued at $1.75 trillion, report says

Published by skeptic

SpaceX, the technology conglomerate founded by Elon Musk, reportedly filed disclosures confidentially with the U.S. Securities and Exchange Commission ahead of an initial public offering. SpaceX could seek a valuation of $1.75 trillion, according to Bloomberg, which cited anonymous sources. Under SEC rules, a private company can file its IPO registration statement confidentially 15 days before it begins marketing its shares to public investors, allowing it to receive feedback from the agency in private. The company has also lined up an unusually large number of 21 banks to manage the mega IPO, internally codenamed “Project Apex,” Reuters reported Tuesday. The company expects to raise $75 billion, which would make it the largest IPO in history, far beyond oil giant Saudi Aramco’s $29 billion listing in 2019. SpaceX has raised an estimated $10 billion as a private company. Founded in 2002, SpaceX is the world’s leading space company, flying a fleet of reusable rockets and spacecraft, and operating a 10,000-satellite communications network, Starlink. Musk brought Silicon Valley culture to the staid world of space contracting and disrupted the …

Allbirds is selling for million. It raised nearly 10 times that amount in its IPO.

Allbirds is selling for $39 million. It raised nearly 10 times that amount in its IPO.

Published by skeptic

Allbirds, the wool sneaker brand that became a kind of unofficial uniform for the Silicon Valley set, has agreed to sell all of its assets and intellectual property to American Exchange Group for $39 million — which is roughly one-tenth of the $348 million it raised in its 2021 IPO and a fraction of the more than $4 billion valuation it briefly commanded on its first day of trading. The deal still needs shareholder approval and is expected to close in the second quarter, with proceeds distributed to stockholders sometime in the third quarter. Shares jumped 36% on the news in after-hours trading. The stock had closed Monday at $2.98, giving the company a market cap of $24.5 million — meaning the $39 million sale price actually represented a premium to where shares were already trading. The 11-year-old brand’s fall has been well-documented. After going public, Allbirds expanded aggressively into physical retail and adjacent product categories — leggings, jackets, performance running shoes — that didn’t connect with its core customers. Losses stacked up a a …

Why SoftBank’s new B loan points to a 2026 OpenAI IPO

Why SoftBank’s new $40B loan points to a 2026 OpenAI IPO

Published by skeptic

SoftBank has taken on a new $40 billion loan to help it cover its $30 billion commitment to invest in OpenAI as part the AI model maker’s record-breaking $110 billion raise last month, the Japanese conglomerate said on Friday. Most striking is that the loan is unsecured and has a 12-month term, meaning it must be repaid or refinanced by next year. This could be a signal that the lenders believe OpenAI’s highly anticipated public listing will indeed come later this year, as some markets outlets, like CNBC, have reported. The loan is provided by JPMorgan Chase, Goldman Sachs and four Japanese banks. Since OpenAI’s IPO is bound to be one of the largest listings ever, if it does happen this year, that would presumably give SoftBank the liquidity to settle the debt in such a short time span. SoftBank’s new $30 billion investment in OpenAI brings its total bet on the ChatGPT’s maker to over $60 billion. Source link

Memory chip giant SK hynix could help end ‘RAMmageddon’ with blockbuster US IPO

Memory chip giant SK hynix could help end ‘RAMmageddon’ with blockbuster US IPO

Published by skeptic

SK hynix, a South Korean memory chip giant already listed on the KOSPI, is laying the groundwork for a potential U.S. listing that could reportedly raise an estimated $10 billion to $14 billion. The company announced this week that it has confidentially filed a Form F-1 with the listing, targeting the second half of 2026. But the real question isn’t just how much it can raise: it’s whether a U.S. listing could increase its trading value as one of the most critical players in the AI chip supply chain. Despite its critical role in high-bandwidth memory (HBM), a key component powering AI systems from companies like Nvidia, the stock has historically traded at a discount to global peers, according to a Seoul-based semiconductor analyst. It’s got a market cap of around $440 billion, but its valuation multiples remain below those of U.S.-listed semiconductor firms, raising questions about whether geography, rather than fundamentals, is partly driving the gap. The move is widely seen as an effort to increase its valuation to match global peers like Micron. …

Musk Targets Retail Investors For Up To 30% Of SpaceX’s IPO Shares

Musk Targets Retail Investors For Up To 30% Of SpaceX’s IPO Shares

Published by Jenni Sidey

Elon Musk is planning a highly unconventional IPO for SpaceX, aiming to make it one of the largest public offerings ever, with a target raise in the tens of billions, according to the Wall Street Journal. Instead of relying solely on the standard investor roadshow, he is considering bringing investors directly to SpaceX sites, where they could tour facilities and potentially witness rocket launches—turning the pitch into an immersive experience designed to build excitement and demand. A central part of the strategy is reshaping who gets access to shares. Musk wants to allocate a much larger share of the IPO to retail investors—possibly a third or more—far above the typical allocation. He is also exploring giving priority access to loyal supporters, such as Tesla shareholders and individuals who have backed his other ventures, reinforcing his pattern of rewarding his existing base. The WSJ writes that at the same time, SpaceX may depart from traditional IPO rules around insider selling. Some early investors could be required to hold their shares longer than usual to help stabilize …

Imminent SpaceX IPO Filing Ignites Rally Across Space-Linked Stocks

Imminent SpaceX IPO Filing Ignites Rally Across Space-Linked Stocks

Published by Jenni Sidey

News that SpaceX may file an initial public offering prospectus with the Securities and Exchange Commission this week or next sparked a rally across SpaceX-linked names, satellite broadband providers, space transportation firms, and even publicly traded closed-end funds that hold private SpaceX shares. The Information reports that SpaceX is set to file an IPO prospectus with the SEC this week or next, with plans for shares to begin trading on U.S. exchanges sometime in June. Wall Street advisers expect the offering to be the largest ever in the U.S., generating $75 billion for the space company leading the world’s rocket race and propelling the U.S. to the number one spot. The company’s final valuation and deal size would be set closer to the listing, but as of right now, the total market capitalization is north of $1 trillion. Bankers are expected to pitch the SpaceX IPO to clients around three themes: its rocket-launch business, which has become a revenue driver; its rapidly expanding Starlink satellite internet business; and its prospects as a provider of orbital …

Robinhood’s startup fund stumbles in NYSE debut

Robinhood’s startup fund stumbles in NYSE debut

Published by skeptic

Retail investors are famously locked out of the startup world. Robinhood is attempting to change that by allowing the general public to invest in a portfolio of what it calls “some of the most exciting private companies operating today.” To do this, the company that pioneered the commission-free brokerage model has secured access to eight startups—including Databricks, Stripe, Mercor, and Oura—grouping them into a vehicle called Robinhood Ventures Fund I. The fund, which also includes Ramp, Airwallex, Revolut, and Boom, set out last month with an ambitious $1 billion target, but demand for this novel way of investing in private companies was lower than expected. On Thursday, Robinhood announced the fund had raised $658.4 million — which could reach $705.7 million if underwriters exercise their full allotment. The shares, priced at $25 in the offering, began trading on Friday and closed the day at $21, a 16% decline. RVI’s reception on Wall Street stands in stark contrast to another attempt to give individual investors exposure to buzzy startups. When Destiny Tech100 — a publicly traded, …

Jensen Huang says Nvidia is pulling back from OpenAI and Anthropic, but his explanation raises more questions than it answers

Jensen Huang says Nvidia is pulling back from OpenAI and Anthropic, but his explanation raises more questions than it answers

Published by skeptic

At the Morgan Stanley Technology, Media and Telecom conference in downtown San Francisco Wednesday, Nvidia CEO Jensen Huang said his company’s recent investments in OpenAI and Anthropic are likely to be its last in both, saying that once they go public as anticipated later this year, the opportunity to invest closes. It could be that simple. While firms sometimes pile into companies until practically the eve of their public debut in search of more upside, Nvidia is minting money selling the chips that power both companies — it’s not like it needs to goose its returns by pouring even more money into either one. Nvidia, for its part, isn’t offering much elaboration. Asked for comment earlier today following Huang’s remarks, a spokesman pointed TechCrunch to a transcript from the company’s fourth-quarter earnings call, where Huang said all of Nvidia’s investments are “focused very squarely, strategically on expanding and deepening our ecosystem reach,” a goal its earlier stakes in both companies have arguably met. Still, a few other dynamics might also explain the pullback, including the …