All posts tagged: IPO

Robot week in China: A record IPO, a US ban & an industry admitting machines aren’t ready – yet

Robot week in China: A record IPO, a US ban & an industry admitting machines aren’t ready – yet

Published by Parlour News

The World Robot Conference opened in Beijing on August 19, drawing more than 300 domestic firms showing over 2,000 exhibits and launching upwards of 150 new products, according to figures by the organisers. Humanoids displayed at the conference in Beijing. The five-day event is China’s biggest annual showcase for a sector in which the country now dominates production, and in which, one of its best-known makers pulled off one of the most talked-about technology listings of the year. Shares in Unitree Robotics, the Hangzhou-based firm founded in 2016 by Wang Xingxing, soared as much as 629% in their trading debut on the Shanghai Stock Exchange’s Star Market on Wednesday. An initial public offering had raised around 6.1 billion yuan ($904 million) and was more than 8,000 times oversubscribed by retail investors, Reuters reported. Also Read | Humanoid Robots, a new Gemini and OpenAI’s house of disorder Priced at 150.80 yuan a share, the stock closed 460% higher at 845 yuan on debut day, according to the Associated Press. It fell 11% the next day as …

Elon Musk Becomes World’s First Trillionaire After Historic SpaceX IPO

Elon Musk Becomes World’s First Trillionaire After Historic SpaceX IPO

Published by Webster

Elon Musk’s fortune has crossed a line no individual has reached before. SpaceX’s Nasdaq debut pushed Musk’s estimated net worth above $1 trillion after shares rose 19% on their first day of trading. The milestone reflects both the scale of SpaceX’s new public valuation and Musk’s unusually concentrated stakes across Tesla, SpaceX, and other ventures. Musk was already the richest man on the planet before the SpaceX IPO, with a net worth more than three times that of the next-closest individual, Larry Page, the co-founder of Google. He is the only one among the 10 wealthiest billionaires to derive a large portion of his net worth from multiple companies. While Musk will not be able to access a large portion of his net worth, he can borrow against his shares to raise billions of dollars in cash for future acquisitions or investments. It may not be the end of Musk’s net worth growth either, with a Tesla pay package that could award him $1 trillion if he meets key objectives and the company’s valuation surpasses …

Express News Quiz: Ram Charan, space industry IPO & ghost of the grasslands | puzzles and games News

Express News Quiz: Ram Charan, space industry IPO & ghost of the grasslands | puzzles and games News

Published by Parlour News

2 min readUpdated: Jun 12, 2026 10:58 PM IST Welcome to The Indian Express’ weekly news quiz. Your pit stop for fun, curiosity, and a dash of healthy challenge. Think of it as a treasure hunt through the week’s biggest headlines, where 10 carefully crafted questions await you. All you need is a sharp mind, a quick eye on the timer, and perhaps a little bit of luck on your side. Crack the answers, chase the score, and remember anything above 80 is truly brag-worthy. Ready? Take a deep breath, dive in, and let’s see where your knowledge carries you this week! Before you try our other games, a look at the rich stories that couldn’t make it into the quiz this week:  ‘To live, it is not enough to be alive’: Marjane Satrapi believed one could die of ‘sadness’, just like her great uncle in Chicken with Plums | Mahua Moitra interview: ‘When people like Saayoni turn, who do you trust?’ | Express News Quiz: How well do you know this week’s headlines? Take …

OpenAI files for US IPO after Anthropic as AI giants head to public markets | World News

OpenAI files for US IPO after Anthropic as AI giants head to public markets | World News

Published by Parlour News

ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said on Monday, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom. OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. “It may be a while because there are things we want to do that are likely easier as a private company,” it said in a statement. Reuters had reported that the AI giant is targeting a valuation of up to $1 trillion in a stock market debut that could come as early as September. At that valuation, OpenAI would set the stage for a trio of trillion-dollar-valuation companies ⁠debuting rapidly, ​which together are seen as the most consequential test of investor appetite for high-growth technology stocks in the last 10 years. Elon Musk’s SpaceX was the first off the block, filing for an IPO that would rank as the largest in history if completed, with the company pursuing a …

AI Upgrades, Security Flaws, and SpaceX’s Record IPO Define the Week in Tech

AI Upgrades, Security Flaws, and SpaceX’s Record IPO Define the Week in Tech

Published by Webster

AI kept moving closer to the device, the workflow, and the boardroom this week, with OpenAI, Google, Microsoft, Anthropic, Nvidia, and Zoom pushing smarter assistants and on-device tools while security researchers kept finding new ways for those same systems to go sideways. Add in major Android and web server flaws, AI-enabled scams, and SpaceX’s record IPO plans, and the message was clear: tech’s next era is arriving fast, carrying both productivity gains and a suspiciously large number of blinking warning lights. Top news AI assistants and on-device intelligence take center stage OpenAI introduced Dreaming V3, a new memory system for ChatGPT that integrates past chat details into user profiles. The update doubles storage for Plus and Pro users and adds privacy-focused features like Temporary Chats. While the system enhances personalization, it also raises new privacy concerns as ChatGPT surpasses one billion monthly users. Google DeepMind launched Gemma 4 12B, a 12-billion-parameter multimodal AI model that runs entirely on devices with 16 GB of RAM. Capable of processing text, images, audio, and video offline, Gemma 4 …

SpaceX Sets 5 IPO Price at .77T Valuation

SpaceX Sets $135 IPO Price at $1.77T Valuation

Published by Webster

SpaceX has set its IPO price at $135 per share, putting Elon Musk’s rocket and satellite company on track for one of the largest public listings ever. At that price, SpaceX would raise about $75 billion by selling 555.6 million shares and reach a valuation near $1.77 trillion. The company is expected to list on Nasdaq under the ticker SPCX. According to CNBC’s report on the updated filing, the offering would make SpaceX one of the most valuable public companies in the US if shares trade near the proposed price. MarketWatch reported that proceeds could rise to $85.7 billion if underwriters exercise their option to buy additional shares. SpaceX heads toward a record listing The planned offering would far exceed the current IPO record set by Saudi Aramco in 2019. Business Insider reported that Aramco raised $29 billion in that listing, less than half of SpaceX’s base offering. The filing puts a fresh market price on a company built around rockets, satellites, broadband connectivity, and AI infrastructure. SpaceX’s launch business remains central to its identity, …

SpaceX IPO Filing Ties AI Growth to Water Access

SpaceX IPO Filing Ties AI Growth to Water Access

Published by Webster

Water has always been part of the data center equation. SpaceX is now telling investors it could shape how fast its AI plans grow. The company has added water access to the list of risks investors may need to weigh before its public debut. According to TechCrunch, SpaceX added language to an amended IPO filing warning that data center expansion depends not only on power, processors, construction timelines, and materials, but also on access to water at workable prices. SpaceX says water access could affect data center growth SpaceX told investors that data center buildouts are constrained by the “availability of power and water at economically feasible prices,” according to TechCrunch. The company also said, “significant water resources may be required for cooling large-scale data center operations.” SpaceX warned that water scarcity, drought, competition for local water resources, or regulatory limits could restrict cooling capacity, raise costs, delay expansion, or require alternative cooling methods that may be more expensive or less available. For SpaceX’s IPO pitch, the disclosure helps connect its AI plans to the …

‘Not in our culture or nature’: Why Karan Johar refused to go for Dharma Productions’ IPO | Bollywood News

‘Not in our culture or nature’: Why Karan Johar refused to go for Dharma Productions’ IPO | Bollywood News

Published by Parlour News

4 min readNew DelhiMay 27, 2026 08:20 AM IST Karan Johar sold 50 percent stake of Dharma Productions to Adar Poonawalla in 2024 and in a recent interview, Karan shared that way before this, he was once encouraged to go for an IPO for his company, but he decided against it. Dharma Productions was started by Karan’s father, producer Yash Johar, and the filmmaker said that before his passing, Yash told his son to never go for an IPO as it was “not in our culture or nature.” Karan was in conversation with the YouTube channel The BarberShop with Shantanu where he was discussing his brand Tyaani Jewellery. Talking about Dharma, Karan shared that it took him many years to get to a point where he could sell a stake in his film company, and even then, he was wary of many things. “It took me so many years to sell some stake in Dharma. I took it to a point, but I am still actively working and giving my be-all and end-all to that …

OpenAI defeats Musk in lawsuit over nonprofit mission, removing IPO obstacle | Technology News

OpenAI defeats Musk in lawsuit over nonprofit mission, removing IPO obstacle | Technology News

Published by Parlour News

A US jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence company not liable to the world’s richest person for having allegedly strayed from its original mission to benefit humanity. In a unanimous verdict, the jury in Oakland, California, federal court said Musk brought his case too late. The jury deliberated less than two hours. The three-week trial had widely been seen as a critical moment for the future of OpenAI and artificial intelligence generally, both in how it should be used and who should benefit from it. The verdict simplifies the path for OpenAI to proceed with a possible initial public offering that could value the business at $1 trillion. But OpenAI’s public face, Chief Executive ⁠Sam Altman, must ​also address the challenges to his reputation from some extremely personal testimony during the trial, including multiple witnesses describing him as a liar. Musk said he will appeal, repeating his claim that Altman and OpenAI President Greg Brockman viewed OpenAI as a means to great wealth. “Altman & …

Maharashtra governmrnt clears Mahavitaran overhaul with agri split and IPO roadmap

Maharashtra governmrnt clears Mahavitaran overhaul with agri split and IPO roadmap

Published by Webster

In a major policy decision, the Maharashtra government, CM Devendra Fadnavis has approved a comprehensive financial and structural overhaul of Mahavitaran. The move is aimed at improving efficiency, reducing losses and supporting the state’s ambition of becoming a “USD 1 trillion economy.” A government resolution issued by the Industry, Energy, Labour and Mining Department outlines a new roadmap for the state’s largest power distribution company, which serves around 3.5 crore consumers. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link