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SpaceX Warns Space Data Centers May Not Be Commercially Viable in IPO Filing
SpaceX disclosed in its IPO registration filing that its orbital AI data center project may prove commercially unviable due to high technical complexity and unproven technologies.
Anthropic Shares in Short Supply: Buyers Offer $2B While OpenAI Stock Loses Appeal
Anthropic has become the hottest stock on the secondary market for private companies, while OpenAI shares trade at a discount. Meanwhile, SpaceX prepares for a record-breaking IPO valued at over $2 trillion.
Telegram Fully Repays $1 Billion in Convertible Bonds Issued in 2021
Telegram has completed repayment of its five-year convertible bonds issued in March 2021. Founder Pavel Durov confirmed the milestone, noting the messenger reached profitability in 2024.
Gemini Lawsuit: Investors Sue Winklevoss Brothers Over Hidden IPO Pivot
Gemini investors have filed a class-action lawsuit accusing the exchange's founders and executives of misleading shareholders during and after the company's IPO, alleging the leadership concealed a radical pivot in business strategy.
Kraken Shelves IPO Plans Indefinitely Amid Deteriorating Market Conditions
Crypto exchange Kraken has put its IPO on hold just four months after announcing the plan. The decision comes as difficult market conditions weigh on the crypto sector.
Nvidia CEO Hints at Ending Investments in OpenAI and Anthropic
Jensen Huang said Nvidia's recent $30 billion investment in OpenAI could be its last, citing the AI startup's upcoming IPO. A similar fate likely awaits the company's $10 billion stake in Anthropic.
Circle Reports $2.7B Annual Revenue as USDC Circulation Surges 72%
Circle posted $2.7 billion in total revenue and reserve income for 2025, beating analyst expectations. USDC in circulation reached $75.3 billion, and CRCL shares jumped 26%.
Gemini Exchange Faces Crisis After IPO Amid Crypto Market Turmoil
Gemini exchange lost 85% of its market cap post-IPO, cut 25% of staff, and exited three regions. What went wrong for the Winklevoss empire?
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