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OpenAI IPO Filing May Come As Soon As Friday: WSJ
Barrons.com79d agoneutral
OpenAI IPO Filing May Come As Soon As Friday: WSJ

ChatGPT parent OpenAI is working with bankers in preparation for filing an initial public offering that could arrive in the coming days or weeks, The Wall Street Journal reported, citing people familiar with the matter. The Journal, citing unnamed sources, reported that bankers at Goldman Sachs Morgan Stanley and other institutions have been helping OpenAI draft an IPO prospectus that it plans to file confidentially with regulators soon, and could be as soon as Friday. News Corp owner of The Wall Street Journal and Barron’s, has a content-licensing partnership with OpenAI.

SpaceX IPO set to bolster space ETFs: What it means for investors
Yahoo Finance Video79d agoneutralVIDEO
SpaceX IPO set to bolster space ETFs: What it means for investors

The much-anticipated IPO of Elon Musk's SpaceX (SPAX.PVT) could be coming to the launch pad as early as this June, with the public debut of the private space operator adding rocket fuel to related funds and the space economy as a whole. ETF.com president Dave Nadig goes over the ETFs that will benefit the most from SpaceX's mega-IPO event, the broad market exposure to the non-profit going public, and the institutions already engaging with the space funds.

Chipotle CEO shares a secret menu tip with customers
TheStreet79d agoneutral
Chipotle CEO shares a secret menu tip with customers

Social media sites such as Instagram and Reddit are full of food hacks and tips for getting the most out of eating out. Especially for places like Chipotle, where diners go for a bowl instead of a burrito, or get a tortilla on the side to stretch a single order. The goal is simple: get the ...

OpenAI Prepares to File for IPO Within Days or Weeks
The Wall Street Journal79d agoneutral
OpenAI Prepares to File for IPO Within Days or Weeks

OpenAI has been working with bankers to prepare to file for an IPO in the coming days or weeks, the Journal reported. Goldman Sachs, Morgan Stanley and other banks have been helping the ChatGPT maker on a draft prospectus it plans to file confidentially with regulators soon, possibly as early as Friday, people familiar with the matter said.

OpenAI Is Preparing to File for an IPO Very Soon
The Wall Street Journal79d agoneutral
OpenAI Is Preparing to File for an IPO Very Soon

ChatGPT-maker OpenAI has been working with bankers to prepare to file for an initial public offering in the coming days or weeks, according to people familiar with the matter. Bankers at firms including Goldman Sachs and Morgan Stanley have been helping the artificial-intelligence giant on a draft IPO prospectus it plans to file confidentially with regulators soon, possibly as early as Friday, some of the people said. The goal is for OpenAI, led by Sam Altman, to be ready to go public as early as September, some of the people said.

Intel shares rise on reports of Tenstorrent acquisition talks
Proactive79d agoneutral
Intel shares rise on reports of Tenstorrent acquisition talks

Intel Corp (NASDAQ:INTC, XETRA:INL) shares moved higher on Wednesday following reports that the company has shown early-stage interest in acquiring AI-chip startup Tenstorrent. According to Bloomberg, Tenstorrent has been working with investment banks to evaluate strategic options and has...

Red Cat Shares Rise Following Quaze Technologies Acquisition (RCAT)
InvestorsHub79d agoneutral
Red Cat Shares Rise Following Quaze Technologies Acquisition (RCAT)

Red Cat Holdings (NASDAQ:RCAT) shares gained 3% on Wednesday after the company completed its acquisition of Quaze Technologies, a Québec-based developer specializing in wireless power transfer systems for unmanned platforms. Quaze will continue operating as an independent business unit within Red Cat while advancing its wireless power technology for integration across the company’s product ecosystem.

See How SpaceX Is About to Eclipse Every Other Blockbuster IPO
The Wall Street Journal79d agoneutral
See How SpaceX Is About to Eclipse Every Other Blockbuster IPO

SpaceX already defies the law of gravity. The rocket maker is looking to raise as much as $80 billion or more in its initial public offering, making it the biggest ever in terms of funds raised. If its market value at offering reaches $1.71 trillion, that would top the previous record for valuation of a newly public company, set in 2019 by the Saudi Arabian Oil Co., known as Aramco.

Big Questions We’ll Be Looking to Answer in SpaceX’s IPO Filing
The Wall Street Journal79d agoneutral
Big Questions We’ll Be Looking to Answer in SpaceX’s IPO Filing

How does SpaceX make its money? SpaceX makes its money from subscriptions to its Starlink satellite internet service, rocket launches to put satellites and astronauts in space, as well as national security contracts to build and launch satellites. Who are SpaceX’s largest investors?

Netflix Refocuses On Ads And AI As Acquisition Talk Cools
Simply Wall St.79d agoneutral
Netflix Refocuses On Ads And AI As Acquisition Talk Cools

Netflix (NasdaqGS:NFLX) is shifting focus away from a potential acquisition of Warner Bros. Discovery and toward expanding its advertising, AI-driven content, and consumer products initiatives. The company is putting more emphasis on its global ad-supported tier, AI capabilities including the acquisition of Ben Affleck's InterPositive, and new consumer product categories. Netflix, with a recent share price of $89.33, is leaning into its existing scale and technology stack rather than...

Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says
Reuters79d agoneutral
Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says

May 19 () - Goldman Sachs is expected to secure the much-coveted lead left position in Elon Musk's rocket and satellite maker SpaceX's ‌initial public offering, a source familiar with the matter told ‌on Tuesday. The position refers to the bank that holds the most senior and prominent role ​among all the underwriters of an IPO deal.

Exclusive: Goldman to Take Lead-Left Banking Position on SpaceX IPO
The Wall Street Journal79d agoneutral
Exclusive: Goldman to Take Lead-Left Banking Position on SpaceX IPO

Goldman Sachs is expected to be named lead banker on SpaceX's initial public offering, according to people familiar with the matter. Morgan Stanley is also a lead banker, though Goldman is expected to take the coveted lead-left position on the IPO prospectus, expected to be made public as early as Wednesday. The role is surprising given Elon Musk’s close ties to Morgan Stanley.

What the Musk–Altman legal battle means for OpenAI, SpaceX IPOs
Yahoo Finance Video80d agoneutralVIDEO
What the Musk–Altman legal battle means for OpenAI, SpaceX IPOs

OpenAI's (OPAI.PVT) Sam Altman was not found liable for Tesla (TSLA) CEO Elon Musk's claims, due to clear-cut statute-of-limitations issues. Yahoo Finance's Julie Hyman and Jake Conley discuss the impacts on OpenAI's and SpaceX's (SPAX.PVT) upcoming initial public offerings (IPOs).