EngineAI, a Chinese maker of humanoid robots, has filed confidentially for an initial public offering in Hong Kong, Bloomberg reported on Friday, citing people familiar with the matter. The Shenzhen-based startup is working with China International Capital Corp and Citic Securities on the possible share sale. The company is only three years old. It raised […]
Mistral is in funding talks to raise about €3bn ($3.5bn) at a valuation of roughly €20bn, Bloomberg reported on Friday, citing people familiar with the discussions. That would nearly double the price investors put on Europe’s leading AI startup just months ago. The talks are early, and the terms could change. The valuation may even […]
SpaceX rang the Nasdaq opening bell on Friday, marking its Nasdaq debut as a public company with the largest IPO on record. It did so in typical fashion. Hours earlier, a Falcon 9 rocket had launched a batch of Starlink satellites into orbit. “What other company would do something like that on the day it […]
A SpaceX-Tesla merger has moved from rumour toward roadmap. On the day SpaceX began trading, the people around Elon Musk stopped waving the idea away. SpaceX President Gwynne Shotwell did the floating. Asked about merger chatter by CNBC, she said a tie-up “might make Elon’s life a little easier.” She added that “there are synergies […]
Founders Fund’s SpaceX bet has become one of the great venture trades. Peter Thiel’s firm put around $600m into the rocket company. At the IPO price, that stake is worth more than $50bn. That is roughly an 80-fold return. Few venture bets have ever paid out on this scale. The figure comes from Bloomberg. Founders […]
The Current Series E is in. The New York neobank raised $80m, led by Springcoast Partners, at a $1.5bn valuation. That headline hides the real story. In 2021, Andreessen Horowitz valued Current at $2.2bn. The new round sits about a third below that peak. So this is a down round. It is also, the company […]
Dreame Technology, a Chinese maker of robotic vacuum cleaners, lawn mowers, and pool cleaners, is considering a Hong Kong initial public offering as soon as next year, according to Bloomberg. The company is working with advisers and could raise several hundred million dollars. The potential listing would add to a surge of Chinese tech companies choosing Hong […]
SpaceX begins trading on Nasdaq today under the ticker SPCX after raising $75 billion in the largest initial public offering ever completed. The previous record holder, Saudi Aramco’s 2019 listing, raised $29.4 billion, making SpaceX’s offering roughly 2.5 times larger. A regulatory filing on Friday confirmed that Japanese investors accounted for $2.2 billion of the […]
BlackRock submitted an order to buy at least $5 billion in SpaceX shares ahead of Friday’s debut, the Wall Street Journal reported. That single order is nearly as large as the entire $5.5 billion Cerebras IPO, the biggest of 2026 so far. SpaceX has told banks it will not budge from its $135 per share […]
THEKER, the Barcelona-based AI robotics company, has raised €73 million ($85 million) in a Series A to scale its generalist factory robots across industrial production environments. The round was led by CRV, with participation from Samsung, LVMH, Cathay Innovation, 20VC, Henkel Ventures, Korelya, and Bright Pixel Capital. It marks Samsung’s first-ever investment in a Spanish […]
