General Intuition, the New York-based AI startup building foundation models that teach agents to reason through space and time, is in talks to raise approximately $300 million, according to sources familiar with the matter. The round would value the company at just over $2 billion and follows a $134 million seed raised eight months ago […]
Guardian readers in the US share concerns about how the SpaceX IPO and AI boom affect their retirement accounts
Elon Musk became the world’s first trillionaire last week after SpaceX debuted on the stock market with a valuation of $1.77tn.
Millions of Americans could soon become indirect investors in SpaceX and other emerging AI-focused companies as US markets increasingly shift toward AI-driven investments.
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The massive short position highlights skepticism about SpaceX's valuation, potentially increasing market volatility and testing crypto's role in IPOs.
The post Trader VBVIT builds largest SpaceX short position at $29M appeared first on Crypto Briefing.
SpaceX's valuation plunge highlights the volatility of high-growth tech stocks and the risks of inflated market caps amid shifting investor sentiment.
The post SpaceX loses $490B in value, shares drop 20% in 48 hours appeared first on Crypto Briefing.
Baseten's rapid valuation growth highlights the increasing demand for AI infrastructure, signaling a shift towards open-source model optimization.
The post Baseten raises $1.5B in new funding round, valuation soars to $13B appeared first on Crypto Briefing.
Cap Labs' batch auction for its CAP governance token drew 1,002 bids and $16.4 million in commitments, clearing at $0.011 per token for a $106 million fully diluted valuation.
Odyssey's growth and strategic partnerships could accelerate advancements in AI-driven simulations, impacting industries reliant on complex modeling.
The post Odyssey secures $1.45B valuation with $310M raise backed by Amazon appeared first on Crypto Briefing.
Anthropic ended May by overtaking OpenAI in business market share for the first time, according to data from Ramp, with AI subscriptions rising to 41% against OpenAI’s 39.5%. The milestone coincided with a $65 billion raise at a near-trillion-dollar valuation and the confidential filing of IPO paperwork off the back of its first profitable quarter. […]
Binance has launched tokenized SpaceX shares as trading demand pushes the company’s valuation above $3 trillion and drives a surge in SpaceX-linked crypto products. According to a June 12 announcement from Binance, the exchange has listed SPCXB, a tokenized version…
SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion all-stock deal, just days after completing the largest IPO in history, which raised nearly $86 billion and debuted the company at a $1.7 trillion valuation. Since going public on Friday, SpaceX stock has climbed from its IPO price of $135 to more […]
SpaceX's IPO surge highlights market exuberance but raises concerns about overvaluation risks, potentially impacting investor confidence.
The post SpaceX IPO surges 63% after Friday’s NASDAQ listing, briefly pushing valuation near $2.9 trillion appeared first on Crypto Briefing.
Ripple's investment in Flutterwave could significantly enhance Africa's digital payments landscape, fostering economic growth and innovation.
The post Ripple invests in Flutterwave as payments firm hits $3.2B valuation appeared first on Crypto Briefing.
SpaceX's rapid valuation surge highlights market volatility and investor optimism, but its financial losses pose significant long-term risks.
The post SpaceX overtakes Amazon in premarket trade valuation as shares climb past $212 appeared first on Crypto Briefing.
Elon Musk’s net worth climbed to roughly $1.3 trillion as SpaceX shares extended a blistering post-listing rally toward a $3 trillion valuation. The surge followed the largest initial public offering (IPO) in history and widened Musk’s lead as the richest person on the planet. SpaceX Rally Pushes Musk Past $1.3 Trillion Musk’s fortune rose by […]
SpaceX's rapid valuation surge highlights investor confidence in space tech, but high revenue multiples pose risks if growth expectations falter.
The post SpaceX reaches $2.5T valuation after blockbuster IPO, becomes sixth largest public company appeared first on Crypto Briefing.
SpaceX’s market value has climbed past $2.43 trillion on the second day of its Nasdaq debut, pushing the stock far beyond several pre-listing valuation estimates and cementing its place among the world’s most valuable public companies. According to Yahoo Finance…