BusinessMeta Considers Multi‑Billion Dollar Share Sale to Fund AI AmbitionsMeta Platforms is weighing a significant equity raise, potentially worth tens of billions of dollars, to finance large-scale artificial intelligence investments as rival tech firms pursue major capital-raising moves.3 min read
BusinessThree mega IPOs — SpaceX, OpenAI and Anthropic — loom as markets recall mixed post-listing returnsSpaceX, OpenAI and Anthropic are preparing IPOs that would eclipse recent offerings in size.2 min read
BusinessS&P Dow Jones Keeps S&P 500 Eligibility Rules Unchanged, No Special Treatment for SpaceX or AnthropicS&P Dow Jones Indices said it will not alter the eligibility rules for inclusion in the S&P 500, rejecting calls to fast-track very large newly public companies such as SpaceX or Anthropic.2 min read
BusinessLovable locks in customers via Google Cloud and Wiz partnerships as coding models advanceStockholm-based Lovable struck a multiyear agreement with Google Cloud to expand access to Anthropic's Claude and Google's Gemini, list an agent in Google’s enterprise marketplace, and have its code scanned in real time by Wiz.2 min read
BusinessChatGPT reaches 1 billion monthly users — conversion to paying customers is the next testSensor Tower estimates that ChatGPT surpassed 1 billion global monthly active users in May, the fastest any app has ever reached that milestone.2 min read
BusinessGoldman Sachs projects SpaceX AI revenues could surge by 2030, underpinning $1.78T IPO valuationGoldman Sachs models indicate SpaceX's artificial intelligence unit could grow from $3.2 billion in 2025 to $322 billion by 2030, driving a projected company revenue rise to $474 billion the same year and supporting a $1.78 trillion IPO valuation.3 min read
BusinessVanguard's S&P 500 ETF VOO Tops $1 Trillion as Passive Flows AnticipatedVanguard's S&P 500 ETF, VOO, became the first exchange-traded fund to surpass $1,000 billion in assets under management, after quadrupling its size since 2022.3 min read
BusinessBroadcom’s weaker-than-expected AI-chip outlook triggers steep sell-off and sector-wide declinesBroadcom shares plunged in extended trading after the company issued weaker-than-expected guidance for its AI-chip business, wiping more than $200 billion off its market value.3 min read
BusinessSK Hynix plans US ADR offering as AI-driven memory demand tightens marketSouth Korea's SK Hynix is moving forward with plans to issue American Depositary Receipts (ADRs) by 2026 to broaden its investor base, amid robust AI-driven demand that has pushed its market value past $1 trillion.2 min read
BusinessCrowdStrike beats quarterly estimates modestly but shares tumble after hoursCrowdStrike modestly exceeded Wall Street expectations for revenue and adjusted EPS in its latest quarter, yet its shares fell more than 10% in after-hours trading as the results failed to fully meet the high investor optimism.3 min read
BusinessKodesage raises $6.6M seed round led by VentureFriends with angel backers including Mario Götze and Christian SzegedyHungarian-founded Kodesage closed a $6.6 million seed round led by Greece-based VentureFriends, with participation from PortfoLion and angel investors including Christian Szegedy and World Cup winner Mario Götze.3 min read
BusinessSuno's surge and Spotify's pivot as AI-generated music reshapes the industrySuno announced over $400 million in fresh funding, lifting its valuation to $5.4 billion amid rapid expansion of AI-generated music.3 min read
