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.

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 …

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

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  —  OpenAI has agreed to acquire Ona, a startup that offers cloud services to support artificial intelligence agents, part of a bid by the AI developer to make its technology more useful for businesses.

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 …