Sebastian Siemiatkowski, CEO and Co-Founder of Swedish fintech Klarna, gives an interview with CNBC during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 10, 2025. Brendan Mcdermid | Reuters Klarna, the Swedish fintech firm best known for its buy now, pay later offerings, said Monday it applied…
OpenAI is leaning toward holding off its initial public offering until next year, three people involved in the company’s deliberations said, a turnabout that punctuates the uncertain future for fast-rising artificial intelligence giants. The maker of ChatGPT hired bankers and lawyers with an eye toward a public offering as soon as the third or fourth…
SpaceX, Elon Musk’s rocket and artificial intelligence company, capped the biggest-ever initial public offering by rising 20 percent in its trading debut on Friday, turning the world’s richest man into the first trillionaire and setting the stage for fast-growing A.I. companies to reach the stock market in a once-in-a-lifetime bonanza. SpaceX shares opened trading at…
Matthias Balk | Picture Alliance | Getty Images Five years ago, venture capitalists were pouring money into American startups selling everything from lingerie subscriptions to scheduling software, anointing them with billion-dollar valuations before most even turned a profit. It was a frothy era for startups, fueled by a combination of cheap money and pandemic-boosted demand….
Outside the city of Thetford Mines, Quebec, in a region that once supplied the world with asbestos, workers are drilling underground in search of an unusual and potentially vast new source of clean energy. A start-up called Vema Hydrogen has drilled two test wells into the bedrock, each 1,000 feet deep, and is starting to…
Anthony Scaramucci has said he owns shares of SpaceX. So does 2 Chainz, the rapper; Betsy DeVos, the former education secretary; and the hosts of a podcast called “Rich Habits” and more than 150 of its followers. Elon Musk’s rocket and satellite company is about to hold what could be the largest initial public offering…
Sam Sidhu, CEO of Customers Bank. Courtesy: Customers Bank Nearly half an hour into a conference call on Friday to discuss first-quarter results with analysts, Customers Bank CEO Sam Sidhu revealed something unusual — up until that point, he hadn’t actually been speaking. “The prepared remarks you heard on my behalf today were delivered by…
In January 2018, Elon Musk needed $100 million. Instead of calling a bank, he turned to SpaceX, the rocket company he founded and where he serves as chief executive. Over the next three years, Mr. Musk borrowed a total of $500 million from his company. The loan terms were significantly lower than what most banks…
