OpenAI plans to hold a portion of its shares specifically for retail investors when it goes public, following strong demand from individuals in its recent funding round. CFO Sarah Friar emphasized the importance of broad participation and trust in AI, drawing parallels to Tesla and SpaceX's retail investor models. The company, valued at $852 billion, is considering an IPO possibly as soon as Q4 2026 and aims to balance equity with other funding methods like convertible debt. Enterprise customers now make up 40% of OpenAI's revenue, expected to equal consumer revenue by the end of 2026, highlighting the company's growth and strategy in AI compute investments.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
