… That would easily surpass the $29.4 billion IPO record set by Saudi Aramco in 2019. Wednesday's filing also revealed that the company collected $4.69 billion in revenue in the first quarter of 2026 while recording a net loss of $4.28 billion. …
… Musk's SpaceX, which merged with xAI earlier this year, filed for an IPO in April. …
… Both Goldman Sachs and Morgan Stanley have been assisting OpenAI in drafting IPO documentation and may file it with regulators as soon as Friday, according to The Journal. On Monday, a jury dismissed all claims in Elon Musk's lawsuit against Altman , which paved the way for IPO talks. …
… Bloomberg reported that the structure of the Cursor deal is partly because an outright acquisition now could further complicate the planned IPO -- already a nightmare of filings and paperwork. …
… The biggest underlying story is SpaceX's plans to go public, potentially the largest IPO in stock market history. In a filing dating back to April, SpaceX says it wants to raise $75 billion, surpassing Saudi Aramco's previous record of $29.4 billion in 2019. …
… The IPO could value the company at $1.75 trillion, enough to make CEO Elon Musk the first-ever trillionaire. …
… The American-Starlink partnership comes just days after SpaceX's filing for an initial public offering . …