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SpaceX employee group creates low-fee wealth management option with Choreo for post-IPO

A group of current and former SpaceX employees who joined forces to manage their post-IPO wealth has created a new, low-fee advisory option with Choreo, according to people familiar with the agreement. The employee group has more than 100 members and represents potential wealth of between $1 billion and $5 billion, according to the people, who spoke on the condition of anonymity to discuss confidential agreements. What began as an informal chat forum focused on philanthropy has grown into a...

CNBC 1d ago

OpenAI wants a trillion-dollar debut. Here's how it stacks up against history's biggest IPOs

OpenAI wants a trillion-dollar debut. Here's how it stacks up against history's biggest IPOs CNA takes a look at the five biggest IPOs in history and how the companies are faring. SINGAPORE: From artificial intelligence giants to private space companies, some of the world's most valuable firms are inching closer to the stock market.

Channel News Asia 1d ago

Google will pay SpaceX $920M per month for compute

SpaceX has lined up another compute deal ahead of its historic IPO, this time with Google. The company announced the deal in a regulatory filing on Friday. Under the terms of the deal, Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to “approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.”

Hacker News 4d ago

How SpaceX President Gwynne Shotwell has achieved Musk's lofty ambitions

How SpaceX President Gwynne Shotwell has achieved Musk's lofty ambitions June 8 : When SpaceX goes public on Friday with what is expected to be a record-setting IPO, it will cap two decades of founder and CEO Elon Musk's ambition to transform rocketry, satellite communications and humanity’s reach into space. Each step of the way, there has been a guiding hand largely out of view: the company's president, Gwynne Shotwell, who has spent 24 years focused on building and selling SpaceX through...

Channel News Asia 2d ago