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…
Damage at the site of a launchpad after an uncrewed Blue Origin New Glenn rocket exploded during a test at the Cape Canaveral Space Force Station in Cape Canaveral, Florida, May 29, 2026. Joe Skipper | Reuters Blue Origin CEO Dave Limp said the company is “not rebuilding the same pad” where one of its…
Dario Amodei, co-founder and chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Prakash Singh | Bloomberg | Getty Images The Trump administration’s crackdown on Anthropic’s leading artificial intelligence models is looking like a gift to the country’s top adversary in the AI race: China…
An exclusive look inside GE Vernova‘s largest gas turbine plant in Greenville, South Carolina, offers fresh evidence that the artificial intelligence boom is going strong. Inside, engineers are working alongside factory workers to speed up production of this complex machine. The company hired 200 workers last year, and 300 more are expected to start working…
OpenAI hasn’t yet held pre-IPO meetings to discuss potential pricing and demand, or outlined an official timeline for the listing, according to people familiar with the company’s plans. Those meetings to test the waters with investors will likely start once the artificial intelligence company has a better sense of timing, said the people, who asked…
Elon Musk is eyeing the acquisition of Mesh Optical Technologies, a startup founded last year by three former SpaceX engineers that is developing hardware for faster data center communications. potential acquisition, which was revealed in a Federal Trade Commission filing and first of all Reported by Bloombergconfirmed that the agency has expedited its antitrust review….
In a world riven by oppression and conflict, one injustice rises above all else: Elon Musk is not currently a trillionaire. When? SpaceX goes public Earlier this month, Musk became the first person in the world billionaire. He announced in a triumphant lap-slash-speech that he wished to take us all to the Moon, Mars and…
New information has emerged about Valor Equity Partners Fund VII, which last year filed paperwork With the US Securities and Exchange Commission to begin raising capital. bloomberg Reported on Wednesday The fund is targeting at least $2.5 billion of capital, a portion of which has already been set aside for further investment in SpaceX. This…
