SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each, giving it a market value of $1.77T  —  SpaceX has made history with the biggest-ever IPO, launching it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world's first trillionaire.

Q&A with Xbox Chief Strategy Officer Matthew Ball about returning to console-exclusive releases, how using in-game ads could offset development costs, and more  —  ‘If Xbox can turn things around, the whole industry can,’ says Ball  —  Listen now on Apple, Spotify or YouTube

Adobe reports Q2 revenue up 13% YoY to $6.62B, vs. $6.46B est., and raises its annual forecasts; CFO Dan Durn is leaving for Marvell; ADBE drops 5%+ after hours  —  Adobe (ADBE.O) raised its annual revenue and profit forecasts on Thursday, but the sudden exit of CFO Dan Durn added to concerns …

Jeff Bezos' Prometheus, which is building AI models for physical tasks, raised a $12B Series B at a $41B valuation, following a $6.2B Series A  —  Prometheus, the industrial AI startup led by Jeff Bezos and former Google exec Vik Bajaj, today will announce that it's raised $12 billion in Series B funding at a $41 billion valuation.

Waymo launches Waymo Premier, a $30-per-month membership program offering perks like skipping the line, 10% cashback, and five free ride cancellations per month  —  Waymo is launching a loyalty program called Waymo Premier, which will offer frequent robotaxi riders a number of perks in exchange for $29.99 per month.

Coinbase launches an AI agent that can execute trades and pay for premium research; users can give it access to their main account or have it operate separately  —  As AI agent traffic surpasses human traffic on the internet, companies working in commerce and finance are building tools …

Ted Cruz and Ron Wyden introduce the JAWBONE Act, which would let Americans sue US officials who try to coerce broadcasters or platforms into censoring speech  —  US Senators Ted Cruz (R-Texas) and Ron Wyden (D-Ore.) today introduced the JAWBONE Act, a proposed law that could fuel lawsuits …

Europol says it has dismantled the AudiA6 crypto mixing service, which allegedly laundered $380M+ for ransomware actors and others between 2022 and 2025  —  Law enforcement has dismantled the “AudiA6” cryptocurrency service allegedly used by ransomware actors and other cybercriminals to launder more than $380 million.

OpenAI acquires Ona, which offers cloud services to support AI agents, and plans to bring Ona's team into its Codex effort; terms of the deal were not disclosed  —  OpenAI has agreed to acquire Ona, a startup that offers cloud services to support artificial intelligence agents …

Agentic workplace startup Genspark raised a $100M Series B extension at a $2.6B post-money valuation, up 63% in just three months; it has raised $645M+ to date  —  Agentic workplace startup Genspark raised $100 million in Series B extension funding at a $2.6 billion post-money valuation, co-founder Wen Sang tells Axios Pro exclusively.

Former a16z GP John O'Farrell criticizes the AI industry and his ex-partners for spending hundreds of millions to fight regulation, calling it “a huge mistake”  —  I first came to America from Ireland in 1984, as a young engineer about to attend business school.

Sources: Shenzhen-based humanoid robot manufacturer EngineAI has filed confidentially for a Hong Kong IPO; the company was last valued at $1.5B in April 2026  —  Chinese robotics startup EngineAI has filed confidentially for a Hong Kong initial public offering, according to people familiar with the matter …

Analysis: assuming API pricing, the $200/month Claude Max and ChatGPT Pro plans offer up to ~$8,000/month and ~$14,000/month worth of tokens, respectively  —  Recently, we purchased one of each Anthropic/OpenAI subscription plan and randomly ran long horizon coding tasks until we exhausted the weekly limit. It's widely believed that a $200/month plan maxes out at ~$2000/month worth of tokens (assuming API pricing). However, we found [image]

Nesto, a Montreal-based mortgage and finance tech startup, raised a CA$302M Series E at a CA$1.47B valuation to expedite deployment of its lending platform  —  Montréal-based digital mortgage lender wants to speed up approvals using AI.  —  Montréal-based online mortgage lender Nesto …

An interview with Grindr CEO George Arison on turning the dating app into a “global gayborhood” hub with services for HIV treatment, hotel bookings, and more  —  Madonna made a surprise appearance in Times Square last week, promoting her latest album, Confessions II.

Canadian challenger bank Koho raised a CA$130M Series E at a CA$1.33B valuation, up from $800M in 2023, as it nears obtaining a Canadian banking license  —  FinTech firm passes 2.5 million users as it navigates “final stages” of acquiring banking licence.  —  Canadian challenger bank Koho Financial …

Zelle owner EWS says it plans to expand the payment service later in 2026 to India, its first international market, and create its own USD-backed stablecoin  —  Peer-to-peer payment service Zelle will expand to India later this year, the payment service's first international market since …

How Anthropic is blindsiding business partners by launching potentially competitive products with little warning, changing pricing, and more  —  Weeks before Anthropic in April revealed Claude Design, an AI tool for creating designs and software application prototypes, it asked firms including Figma …

Anthropic, OpenAI, and other AI startups have announced major London expansions over the past year, as the city emerges as a deep AI talent pool outside the US  —  A slew of U.S. Big Tech and AI companies are racing to expand in London as they look to take advantage of the city's deep talent pools amid …

Polish lawmakers pass legislation imposing prison sentences of up to five years for “trash streaming” of violent crimes, gambling promotion, and more  —  Polish lawmakers voted on Thursday to crack down on so-called ‘trash streaming’, imposing jail terms of up to five years …

A teardown reveals the Trump Mobile T1 is a gold-painted HTC U24 Pro with some small changes, including memory and storage from Micron instead of SK Hynix  —  In case you missed it, there is now a Trump phone.  Yes, really.  And this week, we got to take it apart.

Xiaomi releases MiMo Code V0.1.0, an open-source AI coding assistant that it says outperforms Claude Code on agentic coding and software engineering benchmarks  —  Xiaomi's MiMo AI team has open-sourced MiMo Code V0.1., a terminal-native AI coding assistant that the Chinese electronics giant …