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thenextweb
Founders Fund put $600M into SpaceX. The IPO just turned it into $50bn.

Founders Fund’s SpaceX bet has become one of the great venture trades. Peter Thiel’s firm put around $600m into the rocket company. At the IPO price, that stake is worth more than $50bn. That is roughly an 80-fold return. Few venture bets have ever paid out on this scale. The figure comes from Bloomberg. Founders […]<br /> This story continues at The Next Web [...]

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Destination
Orbital AI data centers could work, but they might ruin Earth in the process

At the start of the month, Elon Musk announced that two of his companies — SpaceX and xAI  — were merging, and would jointly launch a constellation of 1 million satellites to operate as orbital d [...]

Match Score: 105.05

venturebeat
Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure

Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 I [...]

Match Score: 97.09

Destination
SpaceX has reportedly filed for the biggest IPO in history

SpaceX has reportedly taken the step many onlookers have long expected: filing paperwork to hold an initial public offering (IPO) on the stock market and become a publicly traded company. Rumors had l [...]

Match Score: 87.61

Destination
The FAA is grounding SpaceX's Starship after its latest explosion

The Federal Aviation Administration is ordering SpaceX to conduct a mishap investigation into what caused the company's Starship rocket to explode mid-flight on January 16. Until the FAA approves [...]

Match Score: 69.06

Destination
Boeing Starliner astronauts finally head home, nine months later

Eight days. That’s how long Boeing Starliner’s mission — its first flight test with crew aboard — was supposed to last. But this mission has been singular in almost every way, and astronauts B [...]

Match Score: 67.85

Destination
Banks working on the SpaceX IPO reportedly have to subscribe to Grok

Cutthroat capitalism sure does bring out the best in humanity. Take, for example, Elon Musk. He reportedly set a condition for banks, law firms, auditors and advisors who want to work on the SpaceX IP [...]

Match Score: 64.87

thenextweb
Data-centre developer Switch in talks to raise at $50bn-plus valuation

Switch is trying to raise money at a valuation that would have looked implausible for a data-centre developer a few years ago. The Las Vegas company is in talks to raise billions of dollars at a valua [...]

Match Score: 62.08

thenextweb
Blue Origin commits another $600m to its Florida campus

Project Horizon adds an 830,000-square-foot upper-stage factory at Cape Canaveral, weeks before SpaceX’s record IPO and a month after the April New Glenn payload mishap. Blue Origin will spend $600m [...]

Match Score: 61.75

Destination
SpaceX and Cursor strike partnership that might end in a $60 billion acquisition

SpaceX and AI company Cursor have struck a new partnership that could see the owner of X buy the AI company for $60 billion later this year. "SpaceXAI and  @cursor_ai  are now working closely t [...]

Match Score: 61.46