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Elon Musk’s SpaceX acquires AI startup xAI, targets $1.25 trillion IPO

Elon Musk just pulled his biggest corporate move yet, folding his artificial intelligence startup xAI into SpaceX as the combined company lines up for what could become one of the largest IPOs in history. In a blog post published Monday, […]

The post Elon Musk’s SpaceX acquires AI startup xAI, targets $1.25 trillion IPO first appeared on Tech Startups.

SpaceX’s IPO could open the floodgates — and secondaries are booming in the meantime

To unpack what SpaceX’s IPO chatter means, how private liquidity works before a debut, and what investors are looking for in today’s pre-IPO giants, we spoke with Greg Martin, managing director at Rainmaker Securities, a broker-dealer specializing in secondary share transactions for late-stage private companies.

Uber is literally in the driver’s seat when it comes to AV bets

Self-driving truck startup Waabi’s billion-dollar fundraise isn’t just about trucks.   The deal, for $750 million up front plus another $250 million from Uber tied to deployment milestones, marks a major expansion into robotaxis for the company founded by former Uber AI chief Raquel Urtasun. It also feels like another chip from Uber on the autonomous vehicle roulette table. With more […]
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