Rivian lays off staff as it targets 2027 profitability
Rivian is laying off hundreds of workers, representing less than 2% of its staff, as the company continues to restructure while aiming for profitability by 2027.
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462 storiesSpaceX goes public in record-breaking $85.7 billion offering
SpaceX has completed the largest IPO in history, raising $85.7 billion and acquiring Cursor for $60B, while pushing Elon Musk’s wealth to more than $1,000,000,000,000.
Plaud hits $100M ARR as AI hardware sales top 2 million units
Plaud has topped $100 million in annualized revenue run rate after selling more than 2 million AI-powered notetaker devices, validating its "post-screen" hardware strategy.
Robinhood layoffs omit AI as a justification
Robinhood is laying off 10% of its full-time staff, or about 290 people, as part of a restructuring effort that notably avoids citing AI as a primary driver.
SpaceX IPO raises $85.7 billion, valuation tops $2 trillion
SpaceX’s IPO raised $85.7 billion, pushing the company’s valuation to more than $2 trillion and making Elon Musk the world’s first trillionaire.
The growing disconnect between AI wealth and tech layoffs
Tech companies are citing AI to justify layoffs while AI insiders generate massive wealth, creating a volatile environment that some compare to pre-2008 economic conditions.
SpaceX IPO triggers a wave of AI market debuts
SpaceX’s record-breaking IPO has triggered a market ripple effect, with AI companies like OpenAI and Anthropic potentially following with their own public market debuts.
Meta faces internal unrest in its new AI unit
Meta is reportedly facing internal unrest within its new AI unit, with employees protesting data-monitoring programs and describing the work environment as brutal and soul-crushing.
SpaceX IPO closes up 19% as market cap nears $2.3 trillion
SpaceX shares closed 19% higher on their first day of trading, pushing the company’s market capitalization to nearly $2.3 trillion and making Elon Musk the world's first trillionaire.
SpaceX S-1 filing hints at potential Tesla merger
SpaceX has amended its S-1 registration document to include merger language, fueling speculation among some observers about a potential future combination with Tesla.
SpaceX valuation tops $2 trillion in public market debut
SpaceX’s public market debut pushed its valuation past $2 trillion, making Elon Musk the world’s first trillionaire while causing record-breaking traffic on the Robinhood trading platform.
Elon Musk becomes the world's first trillionaire after SpaceX IPO
Elon Musk has become the world's first trillionaire, with his on-paper wealth reaching more than $1,000,000,000,000 following the public market debut of SpaceX.
SpaceX prices IPO at $135, becoming the largest in history
SpaceX has officially priced its Initial Public Offering (IPO) at $135 per share, raising $75 billion and becoming the largest public offering in history.
SpaceX IPO exposes risks in multi-layer SPV structures
SpaceX’s IPO may leave investors in multi-layer SPVs uncertain about their actual share ownership, with some potentially facing significant delays or even total loss of holdings.
Quantum Space plans $1.2 billion SPAC merger
Quantum Space plans to go public via a $1.2 billion SPAC merger, aiming to scale production of maneuverable spacecraft for the U.S. military and Space Force.
Opendoor exits India as AI reshapes offshore operations
Opendoor is shutting down its India operations, highlighting a debate over whether AI is altering the economics of offshore work.
Anthropic CEO Dario Amodei manages with just one direct report
Anthropic CEO Dario Amodei has only one direct report, delegating operational management to his co-founder to focus entirely on research and long-term strategy.
SpaceX faces regulatory friction in India over Starlink
SpaceX’s plans to launch Starlink in India could stall following government concerns regarding the company's operational control and unauthorized network access in Iran.
SpaceX prepares for $75 billion IPO amid high-stakes moonshots
SpaceX is coming to market Friday with a $75 billion offering, heavily reliant on unproven engineering feats like orbital data centers and a new chip foundry.
Lucid Motors executive Emad Dlala departs amid leadership shake-up
Lucid Motors executive Emad Dlala has departed, marking the first major leadership change since Silvio Napoli became CEO as the automaker prepares for new vehicle launches.