Tech

SpaceX made history on Friday with the largest initial public offering ever recorded, pricing shares at $135 and watching them rocket more than 19% on their first day of trading on the Nasdaq under the ticker SPCX. Shares opened at $150, surged past $160 shortly after the bell, and closed around $161.11, valuing Elon Musk's space and AI infrastructure company at approximately $1.77 trillion. The offering raised roughly $75 billion, instantly making Musk, who retains more than

A new analysis circulating on Wall Street this week is putting fresh scrutiny on just how concentrated the stock market's gains have become. According to figures cited by the Wall Street Journal, the ten largest companies in the S&P 500 now represent nearly 40% of the index's total value — and every single one of them has a direct connection to artificial intelligence. The finding underscores a theme that strategists have been flagging for months: the broad market's performan

AI company Anthropic announced late Friday that it has disabled access to its two most advanced models, Fable 5 and Mythos 5, after receiving a government directive citing national security concerns. In a blog post, the company said it received a letter from the US government at 5:21 p.m. ET on Friday instructing it to suspend access to both models for any foreign national, whether located inside or outside the United States, including the company's own foreign-national emplo

Prometheus, the industrial AI startup co-led by Amazon founder Jeff Bezos, announced this week that it has raised $12 billion in a new funding round at a valuation of $41 billion, bringing its total funding to more than $18 billion in just over a year. Investors in the round include JPMorgan Chase, Goldman Sachs, BlackRock, DST Global, and Arch Venture Partners, alongside Bezos himself, who was also the largest backer of the company's initial $6.2 billion raise when it launch