SpaceX, Elon Musk’s rocket maker and artificial intelligence company, set a price for its initial public offering on Wednesday of $135 a share, which would value it at $1.77 trillion and crown it the largest I.P.O. ever. At that price, SpaceX would raise $74.4 billion from the offering, and its valuation would be more than…
Robinhood CEO Vlad Tenev is touting the success of the fintech’s new Ventures Fund I, which allows retail investors to invest in private tech companies like Stripe, Oura, Databricks, OpenAI, and others, through a publicly-traded fund listed on the NYSE. “We had something like over 150,000 retail investors participate in the IPO, so it’s quite…
Geothermal startup Fervo Energy said Monday it hopes to raise up to $1.3 billion in its initial public offering. The company would be valued at up to $6.5 billion if shares sell at the top of its $21 to $24 price target. That’s more than twice what Fervo had reportedly been seeking earlier this year…
Tech companies are racing to build out infrastructure that can further drive the automation boom. Now, Japanese multinational SoftBank reportedly plans to create a new company designed to automate the creation of that infrastructure. SoftBank is putting together a new business called Roze AI, the Financial Times originally reported. Roze would seek to make data…
Is it time for MrBeast to hit the New York Stock Exchange? Three years ago, the idea of a YouTuber with a $1.5 billion valuation left some onlookers incredulous — but Beast Industries ended up raising at a $5 billion valuation last year. Now, we’re asking a bigger question: would you buy stock in a…
Meesho, an Indian e-commerce rival to Amazon and Walmart-owned Flipkart, is set to launch a roughly $606 million IPO marked by token sell-downs from early backers and no sales from big names such as SoftBank and Prosus, signalling investor conviction in India’s booming online retail market at a time when tech shareholders globally have been…
Navan, the corporate travel and expense platform, finished its first day of trading on the Nasdaq on Thursday down 20% from its $25 IPO price, resulting in a valuation of approximately $4.7 billion for the 10-year-old company. The company was the first to use a new SEC rule that allows public listings during a government…
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