… Topics AI , big tech , FAANG , In Brief , Startups , TC Related AI Lovable says it has hit $500M in annualized revenue, with 1 million new projects a week AI OpenAI files confidentially for IPO, following Anthropic AI Apple bets cheaper AI will woo small developers Latest in Startups In Brief It’s … …
… But more Anthropic employees may cash out or sell larger stakes as part of the IPO process, turning tens or even hundreds of paper millionaires and billionaires into real ones. …
… SpaceX now tells prospective investors in the IPO that data center buildouts are constrained by the “availability of power and water at economically feasible prices.” The company goes on to say that “significant water resources may be required for cooling large-scale data center operations.” Water … …
Anthropic Inks Massive SpaceX Compute Deal Ahead of $2 Trillion IPO by Tim Sweezy — Thursday, May 21, 2026, 11:32 AM EDT The AI race continues to heat up, as NVIDIA announces its $81.6 billion revenue report for the first quarter of its fiscal 2027 period, and OpenAI expected to file for its own IP… …
… SpaceX has been busy with M&A, acquiring Musk’s AI company xAI last year, and recently entering into a deal with Cursor that includes an option to buy the startup for $60 billion in stock following the IPO. …
… It’s the second energy stock offering to receive a warm welcome in the last few weeks, with nuclear startup X-energy raising $1 billion in its own upsized IPO. …
… There is an undeniable amount of hype around AI, with SpaceX about to go public, OpenAI and Anthropic rumored to be considering IPOs, and billions of dollars being raised to build data centers. …
… The timing of OpenAI's public offering marks a sprint to tap into public capital and set Wall Street's valuation rules for the entire AI sector. A major bottleneck in the AI race is compute power -- physical servers, chips, and data centers required to train and power AI models and systems.
… Anthropic's major rival, ChatGPT maker OpenAI, is expected to follow suit soon . The frenzied IPO race reflects the market's eagerness to cash in on its trillion-dollar bets, as AI companies rush to secure the massive funding needed to survive. …
… As it is listed as another “future market,” there is little detail about how SpaceX plans to tackle this idea. Total control Make no mistake, this is Elon Musk’s company. Per the filing, Musk will be the CEO, CTO, and chairman of the SpaceX board after the IPO. …
