BlackRock has discussed investing $5 billion to $10 billion in SpaceX’s initial public offering next month, people familiar with the matter said. The massive order, for an offering that could raise as much as $75 billion, would represent a vote of confidence in Elon Musk’s company from the world ...

Welcome, Weekenders! In this newsletter:• The Big Read: Why Trump officials and VCs love a nuclear power startup’s brute-force approach• Biotech: The case of the disappearing embryo startups• Plus, Recommendations—our weekly pop culture picks: “Are We Doomed?” “Steve Jobs in Exile” and “Lord of ...

future of the technology at SynBioBeta, a major gathering of the biotech world scheduled for earlier this month in San Jose, Calif. As the discussion’s moderator, I felt eager to hear more from them about their science and how they might commercialize it. The only problem: By the time the ...

SpaceX plans to list on the Nasdaq stock exchange as soon as June 12, Reuters reported on Friday. That would represent a slightly accelerated schedule for the space and AI company’s IPO, which had previously been slated for later in June. SpaceX also plans to make its IPO prospectus public as soon as Wednesday, the report said. SpaceX’s choice of Nasdaq is a victory for the stock exchange,

OpenAI is combining teams working on ChatGPT, its Codex coding product and its API into one organization, pressing ahead on its more streamlined strategy despite the prolonged medical leave of top executive Fidji Simo. OpenAI president Greg Brockman will lead the new product strategy, with Thibault Sottiaux—who had previously worked on Codex—leading core product and platform teams, OpenAI said

President Trump traded millions of dollars worth of technology stocks since the start of 2026, new disclosures released on Thursday show. In a report filed with the U.S. Office of Government Ethics, Trump revealed that he bought and sold shares of companies including Nvidia, Palantir and Oracle. The disclosures came amid the Trump administration’s trip to China, where tech CEOs including

Bill Ackman’s Pershing Square has bought a stake in Microsoft, Ackman said in a post on X Friday, arguing that the company’s nearly 15% share slide so far this year has been driven by investors who “underestimate the resilience” of its Office 365 software and growth of its newer Copilot AI software. Ackman did not say Pershing’s exact Microsoft stake, which he said Pershing began building in

On a cloudy day in late March, Isaiah Taylor, the 27-year-old founder and chief executive of Valar Atomics, a Hawthorne, Calif.–based nuclear energy startup, led me into a large black tent at the Utah San Rafael Energy Lab in the middle of the Utah desert. Dozens of construction workers and ...

Anothropic published a new paper on Friday that calls for the U.S. to make sure China’s access to advanced chips is restricted, in the same week when President Donald Trump is in Beijing on a high-stakes state visit to China. In the paper, entitled “2028: Two Scenarios for Global AI Leadership,” Anthropic said if the U.S. loosens its restrictions on China’s access to compute, China could

U.S. Trade Representative Jamieson Greer said in an interview with Bloomberg TV on Friday that U.S. chip export controls were “not a major topic of discussion” at the bilateral meeting between U.S. President Donald Trump and Chinese President Xi Jinping “We did not talk about chip export controls at the meeting,” Greer said in the interview. Even though Washington has eased its

Brent Mayo, head of data center capital markets at advisory firm Newmark, has left the firm and told people he is joining investment firm DigitalBridge, according to two people with knowledge of the move. At Newmark, which specialized in commercial real estate, Mayo was a part of its digital infrastructure deals, including working on a $7 billion loan from JPMorgan Chase tied to one of

Dragoneer, Greenoaks, Sequoia Capital and Altimeter Capital have agreed to co-lead a $30 billion round of funding into Anthropic at a $900 billion valuation before the money, according to a person with knowledge of the discussions. The investment nearly triples its last valuation of $350 billion fetched in a fundraising in early February. Investors have circled Anthropic after its blistering

Lawyers for Elon Musk, OpenAI and Microsoft delivered closing statements Thursday in their courtroom battle, setting the stage for jury deliberations next week. A lawyer for Musk argued that it was OpenAI’s 2023 deal with Microsoft that violated OpenAI’s charitable mission, in part by taking on more investment than in previous deals and allowing the caps on investors’ potential returns to

OpenAI bought Weights.GG, a small startup that made an AI voice-cloning tool called Replay, in January, according to a person familiar with the acquisition. A half dozen employees joined OpenAI, which bought the startup’s intellectual property but does not plan to integrate the startup’s product. Weights.GG had raised $4 million from investors including Kleiner Perkins. Earlier this year,

This was quite the day. OpenAI is jumping up and down about its unhappiness with Apple (it’s doubtful Tim Cook is shaking in his boots). Big telecom threw down the gauntlet to Elon Musk and Amazon (not that they should worry). We get to both news items lower down. But first…the AI trade on Wall ...

Earlier this morning we published exclusive returnson some of the biggest investors in AI chip designer Cerebras, whose shares surged in their first day of trading. The offering represents welcome cash for investors after they’ve seen initial public offerings get delayed year after year.Tiger ...

Figma stock rose more than 8% in after hours trading as the design-software firm reported accelerating revenue growth for the first quarter. Revenue for the three months that ended March 31 rose 46% to $333 million, higher than the 40% jump in the previous quarter and the 38% increase in the period before that. Part of that growth flows from Figma’s move in early March to enforce limits on

Carmine Di Sibio, the former CEO of consulting firm EY, is joining Microsoft as a new board director, Microsoft announced Thursday. Di Sibio’s appointment expands Microsoft’s board to 13 members, the company said. Di Sibio previously spent more than 24 years at EY, ultimately serving as its CEO and chairman from 2019 to 2024, during which the company reported an uptick in consulting revenue

Cerebras’ shares surged in their trading debut Thursday, showing that public investors are willing to look past unusual financial risks for companies tied to the AI infrastructure boom. That’s a striking reception for a company that does not look like the clean software listings investors used ...

A key piece of crypto legislation passed the Senate Banking Committee on Thursday, moving one step closer to becoming law and handing a win to the crypto industry in a political battle against the banking lobby. The crypto market structure bill, called the Clarity Act, would set clear rules for crypto issuance, trading and custody and give different financial regulators specific areas of