OpenAI has confidentially filed for an IPO with the U.S. Securities and Exchange Commission, potentially marking one of the largest public market debuts. Valued at over $850 billion, OpenAI is preparing to go public possibly in the fourth quarter of 2025, while still weighing the timing. The company faces strong competition from rivals like Anthropic and SpaceX, which have also filed for IPOs recently. OpenAI aims to expand its AI products and enterprise business as it transitions into a new phase focused on making advanced AI accessible and affordable for all users.
The Procure Space ETF (UFO) has jumped about 32% in the past month and 165% over the past year, fueled by gains in small commercial space companies like Virgin Galactic. The ETF focuses on companies deriving most revenue from space activities, making...
Wall Street faces a critical week with key events including the US Consumer Price Index report expected to show rising inflation, Apple's annual developer conference focusing on AI updates, and the highly anticipated SpaceX IPO aiming to raise $75 bi...
Major AI and tech companies like Amazon, Microsoft, Google, and Meta plan to spend $725 billion on capital expenditures in 2026, requiring significant debt and equity raises. Additionally, upcoming large AI IPOs such as SpaceX and Anthropic will seek...
The iShares Ethereum Trust ETF (ETHA) fell 11.35% on June 5, 2026, driven by a sharp decline in Ethereum's price and broader macroeconomic factors. A strong US payroll report pushed Treasury yields higher, increasing the opportunity cost of holding n...
SpaceX has secured a $920 million per month deal with Google for access to around 110,000 GPUs and related computing resources from October 2026 to June 2029. This agreement, similar to a prior $1.25 billion per month deal with Anthropic, supports Sp...
