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This week, the White House got nearly every major tech CEO in one room — Zuckerberg, Bezos, Musk, and Anthropic’s Dario Amodei among them — to sign an AI safety pledge that President Donald Trump called “morally binding.” Trump also signed an executive order officially rebranding AI as “super intelligence,” and meanwhile, Meta and OpenAI are putting friendlier faces on their AI products, even as the biggest money…
Oura, the smart ring maker, has filed to go public. The filing with the Securities and Exchange Commission on Thursday shows that Oura’s revenue has jumped substantially in the past year. The company went from $697 million in revenue during the nine-month period that ended June 30 last year to $1.2 billion during the corresponding…
Oura, the smart ring maker, with offices in San Francisco and Finland, is reportedly planning to raise up $3 billion as soon as next month in a U.S. IPO that values the more than 900-person company at north of $16 billion, according to Bloomberg. The outlet adds that investors are expected to sell a major…
IQM, a full-stack quantum company out of Finland, went public on the Nasdaq Thursday via a SPAC merger at a valuation of about $1.9 billion. But share prices didn’t pop. They spent most the day below the IPO price — a lukewarm welcome. SPAC mergers are often not immediately popular with retail investors these days….
AOL is public again — sort of. Its owner Bending Spoons, the 13-year-old Italian company that has been quietly acquiring beloved but ailing internet brands for the past decade, went public on the Nasdaq today, opening at an over $18 billion valuation, with the stock then popping 40% by market close. Headquartered in Milan, Bending…
Earlier this year, shares of traditional SaaS companies tumbled amid investor fears that software built with AI could eventually displace those businesses. Despite such concerns, Bending Spoons, a company that acquires and revitalizes stagnating but well-known tech firms, saw its shares surge in its market debut. It closed at $40.50 on Wednesday, nearly 40% above…
Micromobility company Lime has raised $167 million in its IPO. The nine-year-old scooter and bike company, which is backed by Uber, sold 6.68 million shares at $25 each, at the mid-point of its $24 to $26 price range. Shares started trading on the Nasdaq stock exchange under the ticker “LIME” on Wednesday afternoon, jumping around…
SpaceX briefly passed Amazon to become the fifth-most valuable company in the world, and nearly eclipsed Microsoft, before the company’s shares pared back those gains before the market closed Tuesday. The newly public company’s stock had already climbed 20% on Monday — its first full day of trading. Tuesday’s news that SpaceX was acquiring AI…
SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and, of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing quite compared to its initial public offering. Everyone seemed…
Elon Musk is now the world’s first trillionaire after SpaceX’s public markets debut on Friday, according to Bloomberg News. The SpaceX founder and CEO owned roughly $860 billion worth of the rocket company’s stock after it was priced at $135 per share just ahead of the IPO. Combined with his stake in Tesla, and the…