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Founders Fund, Andreessen Poised for Record Returns From SpaceX IPO
Founders Fund, Andreessen Poised for Record Returns From SpaceX IPO A small number of firms are set to net tens of billions of dollars in returns from SpaceX’s initial public offering at a nearly $1.8 trillion valuation, marking one of the most significant windfalls in venture capital history. Founders Fund, a venture firm led by Musk’s longtime associate Peter Thiel, owns a roughly 3% stake in SpaceX after investing $600 million in the company over several rounds dating back nearly 20 years.
OpenAI Backs AI Startup Fielding Compliance, Underwriting Tasks
OpenAI Backs AI Startup Fielding Compliance, Underwriting Tasks Poetic, an artificial intelligence startup, is emerging from stealth with $50 million in funding from OpenAI and other investors to help businesses streamline complex tasks, ranging from insurance underwriting to financial compliance. OpenAI, Kleiner Perkins and Peter Thiel’s Founders Fund have also backed the startup, Poetic is set to announce on Wednesday. The company is now valued at $500 million.
Block Trade King Simon Sadler Takes the Stand in Segantii Trial
Simon Sadler, chief investment officer and founder of Segantii Capital Management Ltd., returns to the District Court following a break in Hong Kong, China, on Monday, May 11, 2026. Segantii — once one of Asia’s top hedge funds — as well as its founder Sadler and former trader Daniel La Rocca are on trial for allegedly using confidential inside information to sell shares in Esprit Holdings Ltd.
From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards
For nearly two decades, some of the world's most prominent investors quietly accumulated stakes in SpaceX while the rocket maker remained largely off-limits to the public markets. Now, with Elon Musk's company seeking a valuation of roughly $1.8 trillion in its initial public offering, those early bets are poised to generate some of the largest paper gains in venture capital history. Among the biggest beneficiaries are veteran stock picker Ron Baron, Cathie Wood's Ark Invest and mutual fund...
After cutting ties with California, Peter Thiel’s Family Office pays record rent
Peter Thiel’s family office has signed a lease at Miami’s 830 Brickell office tower. The PayPal founder has reportedly agreed to pay about $250 per square foot for nearly 18,200 square feet of office space. The deal is being described as the highest-priced office lease signed in Miami-Dade County to date and comes months after Thiel expanded his presence in South Florida and distanced key business operations from California.
'Spain has talent; the challenge is funding and solving problems'
At Ibiza Tech Forum 2026, Pilar Carrato explains why scale, financial discipline and exits are vital for Spanish startups, and shows founders how to turn ideas into success. The startup ecosystem is facing a crucial reality check at the Ibiza Tech Forum 2026. Beyond big ideas and technological disruption, the viability of any early-stage project depends on its financial architecture and on its capacity to scale.
You Weren't Meant to Have a Boss (2008)
March 2008, rev. June 2008 Technology tends to separate normal from natural. Our bodies weren't designed to eat the foods that people in rich countries eat, or to get so little exercise. There may be a similar problem with the way we work: a normal job may be as bad for us intellectually as white flour or sugar is for us physically.
Tech billionaires are spending unprecedented sums in California races. Experts say it’s the tip of the iceberg
From Google co-founder Brin spending $66m to fight a billionaire tax to Google and Meta funding a joint Super Pac, Silicon Valley is engaged in an existential fight for its political power at homeTech billionaires have shelled out hundreds of millions of dollars ahead of the 2 June primary election in California, in an unrivaled attempt to influence who gets to run the state that Silicon Valley calls home. The industry has used a cover-all-bases approach, funding candidates and ballot...
Tech billionaires are spending unprecedented sums in California races. Experts say it’s the tip of the iceberg
From Google co-founder Brin spending $66m to fight a billionaire tax to Google and Meta funding a joint Super Pac, Silicon Valley is engaged in an existential fight for its political power at homeTech billionaires have shelled out hundreds of millions of dollars ahead of the 2 June primary election in California, in an unrivaled attempt to influence who gets to run the state that Silicon Valley calls home. The industry has used a cover-all-bases approach, funding candidates and ballot...
Tributes paid to MOBO Awards founder and cultural pioneer Kanya King, dead at 57
MOBO Awards founder Kanya King championed Black musicians' contribution to British culture and funded the first Music Of Black Origin awards in 1996. Heartfelt tributes have been posted, remembering her as a "visionary" and "a pioneer" who "changed the face of culture and music.” The MOBO Organisation has announced that British entrepreneur and cultural pioneer Kanya King, who founded the annual music award which honours achievements in “music of Black origin”, has died aged 57.