SpaceX's stock surged following its IPO debut on Nasdaq, rising about 35% since it began trading last week. On Tuesday, shares climbed as much as 15%, pushing SpaceX's market capitalization beyond Amazon's $2.66 trillion and briefly above Microsoft's $2.93 trillion, making it the fourth-largest company globally by market cap. Elon Musk highlighted the company's mission to make life multi-planetary during the IPO event. The stock's momentum reflects strong investor confidence, though some gains were later trimmed.
Odyssey, an AI startup specializing in world models that simulate physical environments, raised $310 million in a Series B funding round, reaching a $1.45 billion valuation. The round was led by Natural Capital with participation from Amazon, AMD Ven...
Amazon's AI chief Peter DeSantis announced the company's goal to compete with leading AI labs like OpenAI and Anthropic on frontier AI models within the next year. Although Amazon's current models, including its latest Nova2, aren't yet at the cuttin...
In 2026, major tech companies like Alphabet, Meta, Amazon, and Microsoft are raising tens of billions through equity and debt to finance unprecedented AI infrastructure spending exceeding $700 billion. Operating cash flow growth lags far behind capit...
Amazon's AI executive Peter DeSantis predicts the first commercially useful small-scale quantum computers will appear within five to seven years. He explained that quantum computers will solve specific problems beyond the reach of classical computers...
The combined market capitalization of AI service providers reached $7.3 trillion, vastly surpassing the total addressable market (TAM) for AI services, which was $43.7 billion in 2025. This results in an extremely high revenue multiple of 162X, indic...
