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SpaceX IPO fever sparks hunt for proxy plays in Asia
Reuters88d agoneutral
SpaceX IPO fever sparks hunt for proxy plays in Asia

SINGAPORE, June 9 (Reuters) - SpaceX's $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk's rocket company that are likely to benefit from the blockbuster deal. Shares of satellite and ‌rocketry-related companies worldwide have surged as everything from Starlink component manufacturers to ETFs that own private shares in SpaceX draw strong demand.

Perplexity plans 2028 IPO regardless of Anthropic or OpenAI listings, CNBC reports
Reuters88d agoneutral
Perplexity plans 2028 IPO regardless of Anthropic or OpenAI listings, CNBC reports

AI firm Perplexity is planning to go public in 2028 regardless ‌of how the market receives the listings ‌of Anthropic and OpenAI, CNBC reported on Monday, citing an interview ​with CEO Aravind Srinivas. • "Agnostic of these two companies, we were planning for something in 2028, so that still remains the case," Srinivas told CNBC ‌in an interview. • ⁠OpenAI confidentially filed for a U.S. IPO earlier on Monday, following Anthropic's filing ⁠last week.

Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology
Reuters88d agoneutral
Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology

SpaceX CEO Elon Musk said on Monday that building orbital AI data centers is not a difficult engineering challenge as the company prepares for ‌its blockbuster IPO this week. The billionaire said that much of the required technology already ‌exists in its current Starlink satellite network. "Part of what we want to convey here is that there is not some ​magic that is necessary, that doesn't exist," Elon Musk said in a video discussion released by the company.

University Endowments Are About to Strike It Big on the SpaceX IPO
The Wall Street Journal88d agoneutral
University Endowments Are About to Strike It Big on the SpaceX IPO

SpaceX is among the most widely held investments across colleges and universities, endowment executives say, likely making the rocket company’s coming IPO one of the great windfalls for American endowments. Many schools’ investments in SpaceX make up a low-single-digits percentage of their endowments. A handful of schools have outsize positions that make up a tenth or more of their endowments, unusual scenarios for institutions that typically aim to have well-diversified investment portfolios.

Investing.com88d 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
TheStreet88d 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 Business88d 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.