SoftBank’s SB Energy Files for IPO, Targeting $7 Billion Raise
SB Energy, the data center and energy infrastructure company controlled by SoftBank, filed for an initial public offering with the U.S. Securities and Exchange Commission on September 1, aiming to…
SpaceX Sets Starship Flight 14 for Sept. 15 in Bid for Orbital Flight
SpaceX has scheduled the 14th test flight of its Starship rocket for September 15, according to an announcement on September 1, setting up the vehicle’s first attempt at a full…
a16z Expands Growth Fund to $8.5 Billion, Doubling Down on AI
Andreessen Horowitz, one of Silicon Valley’s most influential venture firms, has expanded its fifth growth fund to $8.5 billion, adding $1.75 billion to the $6.75 billion the fund raised at…
Italian Buyout Firm Nextalia Closes 1.1 Billion Euros, Shunning the AI Crowd
The fundraising memo made no mention of artificial intelligence. For Nextalia, the Milan-based private equity firm, that was the point. The firm said this month that its second flagship buyout…
Anthropic’s Fundraising Swells Past SpaceX’s $86 Billion Haul
The term sheet was already enormous. Then it got bigger. Anthropic’s latest fundraising round will raise more than the $86 billion SpaceX collected in its stock market debut earlier this…
Nvidia Puts $3.5 Billion Into MediaTek Convertibles
The first batch of RTX Spark laptops sold out within days. ASUS and MSI units were snapped up in preorders, and both makers scrambled to place follow-on orders with their…
HBM Spot Prices Hit Five Times Contract Levels as AI Demand Surges
In the memory market’s spot trade, where chips are bought for immediate delivery at whatever the market will bear, the price of HBM has gone vertical. Korea Economic Daily reported…
SpaceX Pays $220 Million to Take 444 Acres Out of Brownsville’s Hands
Around 11 p.m. on Saturday, the Brownsville City Council voted unanimously to cut 444 acres out of the city. The land, adjacent to SpaceX’s Starbase launch site on the Texas…
AWS Gives Students a Year of Free Cloud Training in $500 Million Push
The pitch to college students is the same one the industry makes to its own engineers: learn the cloud, and the cloud will pay for itself. AWS launched its Student…
OpenAI to Halt Cursor Model Supply After SpaceX Deal
OpenAI told SpaceX this week that it will stop supplying models to Cursor, the AI coding tool SpaceX agreed to buy in June for $60 billion in stock. The cutoff…
