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SpaceX sends Starship rocket into orbit for first time ever

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SpaceX sends Starship rocket into orbit for first time ever

A crucial day for SpaceX: Elon Musk's aerospace outfit launched Starship early Monday, getting the rocket into orbit for the first time. The test flight — Starship's 14th overall — could prove vital to SpaceX's future, which the company is building in large part around Starlink, its biggest and only profitable business. The launch carried more than two dozen new Starlink V3 satellites into space. Last month, Musk said, "It’s not out of the question that at some point, Starlink will deliver a majority of the world’s internet."

3 min read A Admin

SpaceX reached one of the most important milestones in the history of its Starship program early Monday, successfully sending the enormous rocket into orbit for the first time. The achievement came during Starship’s 14th integrated test flight and marked a...

Oura targets $2.2B in US listing for smart rings

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Oura targets $2.2B in US listing for smart rings

Oura, the Finnish maker of health-tracking smart rings, plans to raise up to $2.2 billion in an initial public offering, according to a Monday filing with the U.S. Securities and Exchange Commission. An IPO at that price would value the company — which has sold millions of rings and counts over five million paying subscribers — as high as $14.1 billion. Despite growing revenue, Oura's losses surpassed $900 million in the last year. Its Nasdaq listing is seen as a test of investor appetite for wearables.

3 min read A Admin

Oura is preparing for one of the biggest consumer technology IPOs of the year, with the Finnish smart-ring maker and its shareholders seeking to raise as much as $2.2 billion in a U.S. offering. The listing will give public-market investors a chance to bet...

OpenAI won't go public in 2026, Sam Altman says

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OpenAI won't go public in 2026, Sam Altman says

fety first, OpenAI CEO Sam Altman tells NCCapital in a new interview, confirming that the ChatGPT maker won't make its market debut before the year ends. Altman and other industry leaders are contending with concerns emanating from technological advancements that allowed OpenAI's agents to hack Hugging Face's platform in July. Earlier Saturday, Altman expressed his agreement with Anthropic's Dario Amodei, who declared the need for developers to slow the pace of frontier AI model releases due to the potential for "serious" harm to humans.

2 min read A Admin

OpenAI CEO Sam Altman Says Safety Comes First as Company Rules Out 2026 IPO OpenAI CEO Sam Altman is putting safety at the forefront of the company's strategy as the artificial intelligence industry confronts growing concerns about the capabilities of...

SpaceX investors free to unload $101B in stock amid slump

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SpaceX investors free to unload $101B in stock amid slump

SpaceX faces a major test as $101 billion in insider stock becomes tradable Thursday. Over 900 million shares will become available, more than doubling the roughly 639 million available now. The phased, nine-stage lockup structure aims to soften potential selling waves but adds complexity for investors who are still holding on to SpaceX shares, which now sit below the $135 IPO price and have plunged since June. "We're in uncharted waters," one investment manager tells WebNovare. With additional unlocks through December, trading conditions will likely remain unsettled.

1 min read A Admin

SpaceX faces a significant test on Thursday as $101 billion worth of insider stock becomes eligible for trading. More than 900 million shares will enter the market, more than doubling the approximately 639 million shares currently available. The company...