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Saudi Contractor MGC Said to Postpone $799 Million Riyadh IPO

The entrance to the Saudi Stock Exchange in Riyadh. Photographer: Mohammed Almuaalemi/Bloomberg

Bloomberg Markets 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

OpenAI Confidentially Files for IPO on the Heels of SpaceX and Anthropic

OpenAI has filed confidential paperwork for an initial public offering, the company announced on Monday, kicking off what could be a monthslong process toward debuting on a US stock exchange. The move makes it the third company to file for what could be a trillion-dollar IPO this year. Tech companies pursuing the most powerful AI models, including publicly traded giants Alphabet, Amazon, Meta, and Microsoft, are hungry for tens of billions dollars each to build out more data centers and...

Wired 1d ago

Elon Musk’s SpaceX eyes $1.77tn valuation ahead of historic IPO

Elon Musk’s SpaceX eyes $1.77tn valuation ahead of historic IPO Texas-based rocket company announces plans to sell shares at $135 apiece, aiming to raise approximately $75bn. Elon Musk’s rocket company SpaceX is targeting a valuation of nearly $1.77 trillion in its blockbuster initial public offering (IPO), paving the way for the largest stock market debut in history. In a filing with the US Securities and Exchange Commission on Wednesday, SpaceX said that it plans to sell 555.6 million...

Al Jazeera 6d ago

Anthropic files for IPO before OpenAI as trillion-dollar startups race to go public

Artificial intelligence startup Anthropic said Monday it filed for an initial public stock offering, a surprise start to the race between it and OpenAI to be the next trillion-dollar AI startup to hit the public markets. The filing, which is currently confidential as the Securities and Exchange Commission reviews it, comes earlier than expected as the Claude AI maker looks to beat its primary rival to fresh funding. Both companies were previously expected to begin trading in the fall.

NBC News 9d ago

AI companies are barreling toward huge Wall Street debuts. A look at the biggest players

AI companies are barreling toward huge Wall Street debuts. A look at the biggest players Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations - Bookmark Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations. From Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to...

The Independent World 6d ago

The €3trn question: Can markets handle SpaceX, OpenAI and Anthropic all at once?

Three of the most valuable companies ever created are going public within months of each other. The combined value of SpaceX, OpenAI and Anthropic could reach $4 trillion (€3.44trn). Wall Street is excited but also nervous.

Euronews 2d ago

SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire

SpaceX's IPO is set to be the biggest ever and could make Elon Musk a trillionaire Andrew Zinin Lead Editor SpaceX says it plans to raise up to $75 billion when it goes public this month, setting the stage for the largest-ever stock market debut and putting Elon Musk on course to becoming the world's first trillionaire. The company, formally known as Space Exploration Technologies Corp., said Wednesday it will sell 555.6 million shares at $135 a piece in an initial public offering. The...

Phys.org 6d ago

SpaceX sets IPO price, valuing company at $1.75tn ahead of record debut

The company said on Wednesday that it plans to list its shares at $135 each. The offering would value SpaceX at around $1.77tn (€1.56tn), making it one of the world's most valuable listed companies and potentially the largest IPO in history. SpaceX says it plans to raise up to $75 billion (€66bn) in its long-awaited stock market debut, a move that would make it the largest initial public offering (IPO) on record and significantly boost the wealth of founder Elon Musk, potentially making him...

Euronews 6d ago

Netanyahu orders Iran strikes despite Trump claiming ‘I call all the shots’ | First Thing

Direct exchange of fire between warring nations in apparent defiance of Trump was in response to an Israeli attack on Beirut, and breaks April’s ceasefire. Plus: incredible pictures of the Beatles’ final tour of the USDon’t already get First Thing in your inbox? Sign up hereGood morning.

The Guardian World 2d ago