SpaceX Eats xAI. OpenAI Eats Cash. Apple Reads Faces.
SpaceX and xAI merge ahead of $1.5T IPO. OpenAI raises $100B at $830B valuation. Apple pays $2B for silent speech tech startup Q.AI.
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OpenAI Wants Your Money. All of It.
OpenAI targets Q4 2026 IPO while closing a $100B pre-IPO round at $830B valuation. Amazon, Nvidia, and SoftBank lead investors in circular AI funding.
12 min read
Sam Altman stood on a stage in Seoul last month and smiled for cameras. Back in San Francisco, his finance team was quietly hiring the people you bring on when you're about to go public: a chief accounting officer named Ajmere Dale, a corporate business finance officer named Cynthia Gaylor, someone to run investor relations. The photo ops were for the press. The hires were for Wall Street.
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