ipo

Cerebras plans to sell 28 million shares at $115-$125 each, aiming for a $26.6 billion valuation. The AI chipmaker's deep ties to OpenAI include a $20 billion compute deal.

SpaceX working with 21 banks on blockbuster IPO codenamed Project Apex; Morgan Stanley, Goldman Sachs, JPMorgan, BofA, Citigroup leading syndicate; targeting $50B+ raise at $2T+ valuation, potentially largest ever market debut; Elon Musk requiring banks to buy Grok AI subscriptions to participate.

SpaceX confirms confidential IPO filing on track for June at $1.75T valuation, largest IPO ever. Morgan Stanley, Goldman Sachs, JPMorgan leading 21-bank syndicate. Elon Musk would become first person to lead two trillion-dollar public companies.

SpaceX is lining up at least 21 banks for its blockbuster IPO, assembling one of the largest underwriting syndicates in recent years. Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are serving as active bookrunners for the offering, code-named Project Apex internally.

OpenAI has closed a record $122 billion funding round at an $852 billion post-money valuation, cementing its position as the most valuable private company in history. The round includes $3 billion from retail investors for the first time, with backing from Amazon, Nvidia, Microsoft, and SoftBank.

OpenAI has discontinued Sora, its AI text-to-video generator, citing unsustainable economics and compute constraints. The company is pivoting the Sora team toward robotics research and world simulation as it prepares for a potential IPO.

OpenAI has flagged its dependence on Microsoft as a significant risk factor in investor documentation ahead of a potential IPO, highlighting the operational and competitive complexities of one of technology's most consequential partnerships.