TerraFirma’s semi-autonomous construction equipment Courtesy: TerraFirma As SpaceX‘s Elon Musk sells investors on a space economy with life beyond Earth, a two-year-old construction startup founded by two of the company’s former engineers is positioning itself for the future of interplanetary infrastructure. TerraFirma on Tuesday said it raised $115 million in a funding round with investments…
Shares of SpaceX slipped for a second trading day on Monday, bringing Elon Musk‘s company closer to its $135 initial public offering price just days after making its entrance into the Nasdaq-100. Now through its first month as a public company, the stock has been volatile since its June 12 debut, and is down about…
Elon Musk and Sam Altman criticized each other in new posts on X, highlighting the billionaires’ long-standing tussle over OpenAI’s evolution. Musk and Altman helped to start OpenAI in 2015 as a nonprofit artificial intelligence research lab alongside a band of engineers and scientists. In 2018, Musk left OpenAI’s board after donating tens of millions…
Master | Moment | Getty Images Chip stocks have had a blistering rally over the past year as investors bet on the semiconductor sector’s central role in the global AI infrastructure buildout. But renewed volatility around chip stocks has sparked a debate if this is a sign of broader concern about AI demand. In interviews…
SK Hynix rose 13% in its first day of trading on Nasdaq, closing at $168.01, as U.S. investors jumped at the opportunity to get a stake in South Korea’s second-most valuable company. The stock is trading under the ticker symbol SKHYV, and will switch to SKHY as of Tuesday. The stock opened at $170 and…
Greg Brockman, president of OpenAI, arrives at a federal courthouse as the trial in Elon Musk’s lawsuit over OpenAI’s for-profit conversion continues, in Oakland, California, May 6, 2026. Manuel Orbegozo | Reuters There’s a new second-in-command at OpenAI. Greg Brockman, the company’s president, is officially responsible for OpenAI’s most important and profitable projects after Fidji…
The Apple Park campus stands in this aerial photograph taken above Cupertino, California, U.S., on Wednesday, Oct. 23, 2019. Sam Hall | Bloomberg | Getty Images Apple on Friday sued OpenAI in federal court in Northern California, alleging trade secret theft, saying that the artificial intelligence lab took the iPhone maker’s intellectual property in order…
Anduril CEO Brian Schimpf said the defense tech company is in no hurry to go public given the current market conditions. “We define a successful IPO as our investors got a good return three years from actually going out,” Schimpf told CNBC’s Julia Boorstin at the Allen & Co. Sun Valley Conference on Thursday. “A bad…
A judge has approved a $1.5 million fine levied against Elon Musk to settle a US Securities and Exchange Commission lawsuit despite there being “significant misrepresentations” about it. U.S. District Judge Sparkle Sooknan said her court would accept the settlement, Bloomberg reported Wednesday, which cited him court opinion. Sooknan’s approval settles a lawsuit filed by…
OpenAI Ceo Sam Altman speaks to journalists after meeting with US House Minority Leader Hakeem Jeffries on Capitol Hill in Washington, DC, on June 3, 2026. Brendan Smialowski | AFP | Getty Images OpenAI said it will publicly release its GPT-5.6 Sol, Terra and Luna models on Thursday, roughly two weeks after the artificial intelligence…
