Ipo

TL;DR OpenAI killed Sora on March 24, 2026 — app, API, and website, all gone. The move blindsided Disney, whose $1 billion partnership deal collapsed the same day. Downloads had plummeted 67% from their peak, in-app revenue barely hit $2.1 million, and OpenAI is burning $4 billion a month with an IPO on the horizon. This is what happens when an AI company tries to be everything at once and reality catches up. ...

TL;DR Bloomberg reported today that SpaceX plans to file its IPO prospectus with the SEC as early as this week. The company is targeting a $1.75 trillion valuation and could raise over $75 billion — smashing Saudi Aramco’s $29.4 billion record from 2019. This comes less than two months after SpaceX absorbed Elon Musk’s AI company xAI in the largest merger in history. If the June 2026 listing holds, retail investors will finally get a shot at buying into Starlink’s cash machine. ...