Topic

tech/startups

A collection of 8 issues

Anthropic Projected to Reach First Profitable Quarter with Revenue Doubling to $10.9B

Anthropic Eyes First Profitable Quarter Anthropic has told its investors that it is on track to achieve its first profitable quarter, with revenue projected to more than double compared to previous periods. The company expects to reach approximately $10.9 billion in revenue for the second quarter. This milestone represents

SpaceX Breaks Tradition with Financial Disclosure Ahead of June IPO

SpaceX has submitted a detailed financial filing, marking the first time the aerospace company has opened its books to public scrutiny. The move comes as SpaceX prepares for an initial public offering (IPO) scheduled for June. The company, which has historically maintained tight secrecy around its finances, appears to be

xAI's $6.4B Loss Revealed as SpaceX IPO Filing Exposes AI Spending Scale

SpaceX's IPO filing has provided the first public look at xAI's financials, revealing that Elon Musk's AI company lost approximately $6.4 billion in 2025. The disclosure comes as xAI reportedly plans a significant expansion of its Grok AI platform. The filing offers rare

Anthropic to Pay xAI $1.25 Billion Monthly for Compute Access

Deal Details Anthropic has entered into a significant compute agreement with xAI, paying $1.25 billion monthly for access to computing resources. The deal underscores the growing importance of computational power in the AI industry and the interconnected nature of AI companies despite their competitive dynamics. Industry Context The agreement

SpaceX Files for IPO in Move That Could Reshape Commercial Space Industry

SpaceX Takes Step Toward Public Markets SpaceX has formally filed its S-1 prospectus with the Securities and Exchange Commission, officially kicking off the process for what market observers are calling the largest potential initial public offering in history. The company plans to list on the Nasdaq stock exchange under the

SpaceX Makes IPO Filing Public, Paving Way for Historic Public Offering

SpaceX has made its IPO filing public, revealing details of the company's financials and plans as it prepares to go public. The filing comes weeks ahead of what market observers anticipate will be the largest IPO ever, marking a significant milestone for the aerospace company founded by Elon

OpenAI Reportedly Targeting September IPO

OpenAI Reportedly Targeting September IPO OpenAI is moving forward with plans for an initial public offering that could take place as soon as September 2026, according to reports from TechCrunch. The timing comes just a day after a federal court ruled against Elon Musk in his lawsuit that had threatened

Jury Rejects Elon Musk's Lawsuit Against OpenAI Founders

A California jury has delivered a swift verdict against Elon Musk in his lawsuit against OpenAI and its co-founders, including Sam Altman. Musk had alleged that Altman and others had betrayed OpenAI's original non-profit mission by prioritizing commercial interests, going so far as to claim Altman had "