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The SpaceX IPO is a trillion-dollar gamble on the future of space

The great SpaceX IPO is looming, allowing outside investors – including regular Joe Schmoes, or retail investors – to buy a stake in one of the buzziest and most controversial companies on the planet for the first time. Depending on who you ask, it’s either the best investment opportunity you’ll see this decade or a […]

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SpaceX’s public IPO filing confirms Musk and insiders retain dominant voting control

The now-public S-1 prospectus shows Musk controls roughly 79% of SpaceX’s votes despite owning approximately 42% of its equity, a gap created by a dual-class share structure. The company is targeting a June listing at a $1.75 trillion valuation, a raise of up to $75 billion, and an unusually large 30% retail investor allocation. SpaceX’s […]

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Clarifai says it deleted 3 million OkCupid user photos and the facial-recognition models trained on them

The AI company received the photos from OkCupid in 2014 without users’ knowledge, in a data transfer that breached OkCupid’s own privacy policy. The FTC’s late March settlement with OkCupid and Match Group brought no financial penalties. Clarifai was not accused of wrongdoing. Clarifai, a Delaware-based facial-recognition AI company, has confirmed that it deleted approximately […]

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John Ternus is taking over from Tim Cook as Apple’s CEO

The multitrillion-dollar home of iPhone, Mac, and so many other tech gadgets is getting a new leader this fall, as Apple has announced that Tim Cook will be replaced as CEO on September 1st by current hardware boss John Ternus. How will we look back on Tim Cook’s legacy, and what will Apple look like […]

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Here’s how Amazon’s price fixing allegedly drove up prices everywhere

On Monday, California Attorney General Rob Bonta revealed the evidence of alleged price-fixing by Amazon. The state filed a request to the Supreme Court in February for a preliminary injunction to stop Amazon’s behavior while the lawsuit it originally filed in 2022 proceeds, and is now making that 16-page document available, “largely unredacted.” It lays […]

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Silicon Valley has forgotten what normal people want

One of the most mortifying things about knowing a lot of techies is listening to them tell me excitedly about some very important discovery that they believe they have made. Recently, I ran into an acquaintance of mine, who began talking my ear off about an amazing discovery he’d made with LLMs. Knowledge, it turns […]

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Revolut’s IPO is two years away and it’ll be in the US

The CEO of Europe’s most valuable startup gave his clearest IPO timeline yet in a Bloomberg interview, narrowing his December ‘two to three years’ estimate to ‘two years.’ It came as Revolut marked the biggest regulatory milestone in its history and filed for a US bank charter, both developments that make an eventual listing meaningfully […]

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