Anduril CEO Brian Schimpf said the company is not rushing to go public, warning that IPOs during hype cycles can lead to poor returns. Despite soaring demand for defense tech driven by increased military spending, Anduril and other firms face what Schimpf calls "crazy high valuations." The company recently doubled its valuation to $61 billion but prefers to stay private to scale its AI-powered defense systems. This cautious approach reflects broader skepticism about current market pricing for tech IPOs, including those in AI and space sectors.
NIRI Florida has announced its Board of Directors for the 2026-2027 term, with Charlotte Murnan appointed as President. The board includes professionals from various companies, focusing on growing membership and delivering valuable programming for in...
7th Avenue, a Los Angeles-based modern furniture brand, has opened its first showroom on Long Island at Walt Whitman Shops in Huntington Station, New York. This 1,206-square-foot experiential space allows customers to try and customize modular sofas ...
SK Hynix, a trillion-dollar South Korean chipmaker, will start trading on Nasdaq under the ticker SKHY on July 10, marking its first US listing. Following this, GraniteShares will launch two ETFs on July 13: a 2x long ETF (SKUU) and a 2x short ETF (S...
OpenAI has introduced the GPT-5.6 model family, featuring Sol as its flagship, along with Terra and Luna as balanced and low-cost options respectively. This new lineup aims to improve performance in coding, knowledge work, and cybersecurity while red...
Northern Trust Corporation reported a 14% revenue increase and 43% EPS growth in Q1 2026, driven by higher servicing fees and net interest income. The company benefits from strong secular demand for custodian services and maintains a 100% payout rati...
