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SpaceX overtakes Amazon to become world’s fifth most valuable company
Elon Musk’s firm briefly reached $2.97tn valuation days after its IPO following purchase of AI coding startup Cursor SpaceX has overtaken Amazon to become the world’s fifth most valuable company days after its stock market debut. The milestone came as Elon Musk’s company agreed to buy the startup behind the AI-powered coding app Cursor for…
As the tech mega-IPO race heats up, has OpenAI missed its moment?
With rivals racing to market to raise ‘eye-popping sums’, the spotlight is now on the AI sector’s one-time ‘poster child’ A year is a long time in AI. Just 12 months ago, Sam Altman was predicting his company OpenAI would build a super intelligence and fundamentally remake society. Now the boss of the ChatGPT developer…
Musk’s SpaceX courts retail investors as it aims for record-breaking stock market flotation
Elon Musk’s aerospace to AI company will host summer event to try to convince buyers it is worth $2tn Business live – latest updates SpaceX will kick off the marketing for its highly anticipated stock exchange debut by hosting an event in June for 1,500 retail investors, as executives set out to convince buyers that…
OpenAI thought to be preparing for $1tn stock market float
ChatGPT developer is considering filing for an IPO by the second half of 2026, according to reports OpenAI is reportedly gearing up for a stock market listing valuing the company at $1tn (£760bn) as soon as next year, in what would be one of the biggest ever initial public offerings. The developer behind the hit…