Geothermal startup Fervo Energy said Monday it expects to raise up to $1.3 billion in its initial public offering. If shares sell at the top of their $21 to $24 price target, the company would be valued at up to $6.5 billion. This is more than double that of Fervo was reportedly looking for Earlier…
Tim Cook plans to step down from his CEO post in September, Handing over the reins to hardware chief John Ternes. Turnus may be inheriting one of the most enduring businesses in technology, but he’s also stepping into a very different ecosystem than the one Cook has spent decades shaping. The 30% cut of the…
Nuclear startup Initially the company expected growth approximately $800 million. The stock is expected to begin trading on the Nasdaq exchange on Friday under the ticker XE. x-energy is building small modular reactors capable of generating electricity or delivering heat to industrial processes. The company has struck a deal with Dow to provide heat and…
Cerebras, a producer of chips that run artificial intelligence models, will file to go public on Friday, two people familiar with the matter told CNBC. The people spoke on condition of anonymity, in order to discuss internal matters. Cerebras declined to comment. For years, Cerebras sought to sell chips to companies, but it has begun…
Sarah Friar, CFO of OpenAI, speaking on CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland on Jan. 21st, 2026. Oscar Molina | CNBC OpenAI plans to reserve a portion of shares for individual investors in what’s expected to be a blockbuster initial public offering. Chief Financial Officer Sarah Friar told CNBC that…
The stock market finally lifted higher this week, buoyed by optimism that the Iran war would end sooner rather than later. The S & P 500 and Nasdaq Composite both snapped their five-week losing streaks Thursday during the holiday-shortened trading week. The broad-market index rose 3.4% and the tech-heavy gauge advanced 4.4%. The Dow Jones Industrial…
SpaceX headquarters is shown in Hawthorne, California, U.S. June 5, 2025. Daniel Cole | Reuters Elon Musk’s SpaceX has confidentially filed for an IPO with the Securities and Exchange Commission, sources told CNBC’s David Faber, bringing Elon Musk’s rocket company one step closer to what’s expected to be a record public offering. Bloomberg was first…
SoftBank has taken a new $40 billion loan to help meet its $30 billion commitment to invest in OpenAI as part of the AI model maker. Record-breaking $110 billion increase last monthJapanese group said on friday. The most important thing is that the loan is unsecured and has a tenure of 12 months, which means…
The National Stock Exchange (NSE) building in Mumbai, India, on Wednesday, Dec. 10, 2025. Dhiraj Singh | Bloomberg | Getty Images Global volatility is threatening a pipeline of multibillion-dollar stock market listings in India, the world’s busiest IPO market. Payments app PhonePe’s move on Monday to halt its listing plans has underscored a growing strain…
Japan’s leading mobile payment app PayPay Allegedly Postponed its US IPO due to market volatility and recent conflict in the Middle East. The company was planning to release its IPO price range on Monday, March 2. According to a Bloomberg report, PayPal was aiming for a valuation of at least ¥1.5 trillion ($10 billion). PayPay…
