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Investing.com110d agoneutral
OpenAI files confidentially for IPO amid tightening AI race

Investing.com -- OpenAI has confidentially submitted a draft S-1 filing to the Securities and Exchange Commission, setting up what could be one of the largest public listings in the tech sector. The company stated it chose to announce the move proactively because it expected the confidential regulatory submission to leak. Management noted that a definitive timeline for the initial public offering has not been established, warning that the process may take a while. The company indicated it still

Exclusive: Cathie Wood's Ark Invest reveals the cost of mega IPOs
TheStreet110d agoneutral
Exclusive: Cathie Wood's Ark Invest reveals the cost of mega IPOs

Wall Street is bracing for a wave of blockbuster listings. SpaceX announced in May that it would debut on Nasdaq on June 12 in what could be the largest IPO in history, with an estimated $1.75 trillion valuation. A few days later, Anthropic, the AI lab behind Claude.AI, also announced ...

OpenAI files for IPO
CNN Business110d agoneutral
OpenAI files for IPO

OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors.

Traders are pricing SpaceX 70% higher before its June 12 IPO
TheStreet110d agoneutral
Traders are pricing SpaceX 70% higher before its June 12 IPO

SpaceX won't ring the bell on Nasdaq until June 12, but crypto traders have already started betting on it. On Hyperliquid (HYPE), a synthetic contract by SPCX-USDC has started tracking the rocket maker's valuation. Hyperliquid is a decentralized crypto exchange built for perpetual ...

Bloomberg110d agoneutral
SpaceX IPO Is Said to Be Well Oversubscribed, Orders Close Wednesday

(Bloomberg) -- SpaceX’s initial public offering is well oversubscribed, according to people familiar with the matter, as demand builds for a potentially record-setting debut.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalLA Mayor Race Flips as Socialist Beats Reality TV Star PrattWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack, Imper

Apple's Revamped AI Smashes Against Down Market
Bloomberg110d agoneutralVIDEO
Apple's Revamped AI Smashes Against Down Market

Expectations are running high for Apple's Worldwide Developers Conference, where the company is expected later Monday to unveil the biggest overhaul of Siri in years, including a chatbot-style interface and deeper integration across the iPhone, iPad and Mac. Bloomberg Tech co-Host Ed Ludlow discusses his expectations for the conference and how developments in Siri could impact the rest of the AI space. He also addresses investor expectations for the upcoming SpaceX IPO.

Tesla Stock Rises Ahead of SpaceX’s Friday IPO
Barrons.com110d agoneutral
Tesla Stock Rises Ahead of SpaceX’s Friday IPO

Shares of the electric-vehicle maker were up 1.4% at $396.65 in premarket trading, while futures were up 0.4% and futures were down 0.1%. Investors are waiting to see if some investors will sell Tesla stock to buy SpaceX shares. Technical factors like that can create short-term price distortions.