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Primary rounds, IPO updates, fundamentals, major product updates and contracts.

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ElevenLabs logo
ElevenLabs
Primary round

ElevenLabs Raises $500 Million Funding Round

ElevenLabs has raised $500 million in a new funding round, marking a major capital raise for the voice AI startup.

Source: MSN

SpaceXProduct Updates

SpaceX Prepares to Transition Away from Falcon 9 Rocket

SpaceX is beginning to move on from the Falcon 9, the world's most successful rocket, signaling a strategic shift in its launch vehicle lineup.

Source: Ars Technica

Scale logo
Scale
Contracts

Scale AI Secures $500 Million Defense Department Contract

Scale AI, backed by Meta, has won a $500 million deal with the U.S. Department of Defense, marking a major government contract for the AI data company.

Source: Bloomberg.com

Kalshi logo
Kalshi
Product Updates

Hyperliquid Enters Prediction Market Space, Targeting Kalshi and Polymarket

Hyperliquid has announced its entry into the prediction market space, positioning itself as a direct competitor to Kalshi and Polymarket in the rapidly growing $240 billion predictions market.

Source: TipRanks

OpenAI logo
OpenAI
Product Updates

OpenAI Fast-Tracking AI Phone for 2027 Launch

OpenAI is reportedly fast-tracking development of its own AI-powered smartphone, targeting a 2027 launch. The move signals OpenAI's ambition to expand into consumer hardware beyond software and cloud services.

Source: 9to5Mac

Lambda logo
Lambda
Product Updates

Lambda Declines to Adopt Google TPUs as GPU Cloud Competition Intensifies

Lambda, alongside Nebius and CoreWeave, has declined to adopt Google's tensor processing units (TPUs) despite Google's push to expand TPU availability beyond its own cloud infrastructure. The move highlights ongoing competition among GPU cloud providers over hardware choices.

Source: theinformation

Anduril logo
Anduril
Product UpdatesContracts

Anduril and Impulse Space Develop Space-Based Interceptors for Golden Dome

Anduril is partnering with satellite startup Impulse Space to develop space-based interceptor technology for President Trump's planned Golden Dome missile defense shield.

Source: bloomberg-tech

OpenAI logo
OpenAI
IPO & M&AProduct Updates

OpenAI Discusses Spinning Out Robotics and Hardware Divisions Ahead of IPO

OpenAI has reportedly held discussions about spinning out its robotics and hardware divisions as it prepares for a potential IPO, signaling a possible restructuring of its business units.

Source: WSJ

OpenAI logo
OpenAI
IPO & M&A

Index Funds and Stock Indexes Adapt to Include Private Giants Like OpenAI and SpaceX

Index funds and major stock indexes are restructuring to capture exposure to high-profile private companies like OpenAI and SpaceX, reflecting growing investor demand for pre-IPO access to top AI and tech firms.

Source: Seeking Alpha

OpenAI logo
OpenAI
IPO & M&AProduct Updates

OpenAI Discusses Spinning Out Robotics and Hardware Divisions Ahead of IPO

OpenAI has reportedly held discussions about spinning out its robotics and hardware divisions as it prepares for a potential IPO, signaling a possible restructuring of its business units.

Source: WSJ

Kalshi logo
Kalshi
IPO & M&A

Kalshi Valued Higher Than Polymarket as Investors Weigh Crypto Ties

Fortune reports that investors are valuing Polymarket at a discount relative to Kalshi, with Polymarket's crypto ties cited as a potential factor weighing on its valuation compared to its archrival.

Source: Fortune

Ripple logo
Ripple
Product UpdatesIPO & M&A

Ripple CEO Warns Crypto Legislation Window Is Critical, Confirms No IPO Plans

Ripple CEO Brad Garlinghouse stated that the next two weeks are critical for crypto legislation while also confirming that Ripple has no IPO plans despite processing $13 trillion in payments.

Source: The Block

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