News & Updates
The latest news and updates from companies in the WLTH portfolio.
Starship isn't launching today. When SpaceX targets flight 12 now
Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. SpaceX's massive Starship rocket isn't launching today. For the second time since billionaire Elon Musk's commercial spaceflight company announced the next target launch date for the world's largest rocket, the flight test has been postponed another 24 hours. SpaceX is now eyeing May 21 to debut a next-generation version of its gargantuan Starship, which is being developed for trips to the moon and Mars. The new Starship prototype, known as Version 3, is now looming more than 400 feet tall on a launch pad in South Texas after SpaceX on Tuesday, May 19, fully stacked both stages of the rocket. Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. Is Starship launching today? SpaceX delays flight test another 24 hours SpaceX is now working toward a Starship launch Thursday, May 21, the company announced. The 90-minute launch window for Starship's 12th flight test is set to open at 6:30 p.m. ET. The new target date comes after SpaceX has already once delayed the launch by 24 hours after originally indicating that it was working toward a May 19 launch of the world's largest rocket. No reasons have been given for either delay. In a sign that liftoff is imminent, SpaceX also shared photos of the Starship's upper and lower stages being stacked on the launch pad at Starbase, SpaceX's company town and headquarters in Texas near the U.S.-Mexico border. What is Starship? World's largest rocket bound for moon, Mars Standing at more than 400 feet tall when fully stacked, Starship is regarded as the world's largest and most powerful rocket. SpaceX is developing the rocket to be a fully reusable transportation system, meaning both the rocket and vehicle can return to the ground for additional missions. In the years ahead, a lunar lander configuration of Starship will be critical to NASA's ambitions of returning astronauts to the moon under its Artemis program. Musk additionally dreams of sending humans aboard Starship to colonize Mars. Closer to home, Starship is designed to carry larger versions of the company's Starlink internet satellites and other payloads to Earth orbit. See photos of Starship rocket launches What is flight 12? SpaceX to debut Version 3 (V3) of Starship At 407 feet tall, the next-generation Starship due to launch will be the largest version of the vehicle SpaceX has ever built. If all goes to plan, that prototype, known as Version 3 (V3,) will be the one to reach orbit and be capable of refueling midflight - a capability that will allow for distant missions into space. Similar to previous designs, the fully integrated spacecraft is composed of both a 236-foot-tall lower-stage booster known as Super Heavy, as well as a 171-foot-tall upper stage simply called Starship. Powered by 33 of SpaceX's Raptor-class engines, the booster provides the initial burst of thrust at liftoff, while the vehicle is where the crew and cargo would ride in orbit after the stages separate. The main objective of the flight test, as SpaceX explained online, is simply to test both new pieces of hardware "in the flight environment for the first time." Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at [email protected]
Starship isn't launching today. When SpaceX targets flight 12 now
Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. SpaceX's massive Starship rocket isn't launching today. For the second time since billionaire Elon Musk's commercial spaceflight company announced the next target launch date for the world's largest rocket, the flight test has been postponed another 24 hours. SpaceX is now eyeing May 21 to debut a next-generation version of its gargantuan Starship, which is being developed for trips to the moon and Mars. The new Starship prototype, known as Version 3, is now looming more than 400 feet tall on a launch pad in South Texas after SpaceX on Tuesday, May 19, fully stacked both stages of the rocket. Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. Is Starship launching today? SpaceX delays flight test another 24 hours SpaceX is now working toward a Starship launch Thursday, May 21, the company announced. The 90-minute launch window for Starship's 12th flight test is set to open at 6:30 p.m. ET. The new target date comes after SpaceX has already once delayed the launch by 24 hours after originally indicating that it was working toward a May 19 launch of the world's largest rocket. No reasons have been given for either delay. In a sign that liftoff is imminent, SpaceX also shared photos of the Starship's upper and lower stages being stacked on the launch pad at Starbase, SpaceX's company town and headquarters in Texas near the U.S.-Mexico border. What is Starship? World's largest rocket bound for moon, Mars Standing at more than 400 feet tall when fully stacked, Starship is regarded as the world's largest and most powerful rocket. SpaceX is developing the rocket to be a fully reusable transportation system, meaning both the rocket and vehicle can return to the ground for additional missions. In the years ahead, a lunar lander configuration of Starship will be critical to NASA's ambitions of returning astronauts to the moon under its Artemis program. Musk additionally dreams of sending humans aboard Starship to colonize Mars. Closer to home, Starship is designed to carry larger versions of the company's Starlink internet satellites and other payloads to Earth orbit. See photos of Starship rocket launches What is flight 12? SpaceX to debut Version 3 (V3) of Starship At 407 feet tall, the next-generation Starship due to launch will be the largest version of the vehicle SpaceX has ever built. If all goes to plan, that prototype, known as Version 3 (V3,) will be the one to reach orbit and be capable of refueling midflight - a capability that will allow for distant missions into space. Similar to previous designs, the fully integrated spacecraft is composed of both a 236-foot-tall lower-stage booster known as Super Heavy, as well as a 171-foot-tall upper stage simply called Starship. Powered by 33 of SpaceX's Raptor-class engines, the booster provides the initial burst of thrust at liftoff, while the vehicle is where the crew and cargo would ride in orbit after the stages separate. The main objective of the flight test, as SpaceX explained online, is simply to test both new pieces of hardware "in the flight environment for the first time." Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at [email protected]
Starship isn't launching today. When SpaceX targets flight 12 now
Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. SpaceX's massive Starship rocket isn't launching today. For the second time since billionaire Elon Musk's commercial spaceflight company announced the next target launch date for the world's largest rocket, the flight test has been postponed another 24 hours. SpaceX is now eyeing May 21 to debut a next-generation version of its gargantuan Starship, which is being developed for trips to the moon and Mars. The new Starship prototype, known as Version 3, is now looming more than 400 feet tall on a launch pad in South Texas after SpaceX on Tuesday, May 19, fully stacked both stages of the rocket. Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. Is Starship launching today? SpaceX delays flight test another 24 hours SpaceX is now working toward a Starship launch Thursday, May 21, the company announced. The 90-minute launch window for Starship's 12th flight test is set to open at 6:30 p.m. ET. The new target date comes after SpaceX has already once delayed the launch by 24 hours after originally indicating that it was working toward a May 19 launch of the world's largest rocket. No reasons have been given for either delay. In a sign that liftoff is imminent, SpaceX also shared photos of the Starship's upper and lower stages being stacked on the launch pad at Starbase, SpaceX's company town and headquarters in Texas near the U.S.-Mexico border. What is Starship? World's largest rocket bound for moon, Mars Standing at more than 400 feet tall when fully stacked, Starship is regarded as the world's largest and most powerful rocket. SpaceX is developing the rocket to be a fully reusable transportation system, meaning both the rocket and vehicle can return to the ground for additional missions. In the years ahead, a lunar lander configuration of Starship will be critical to NASA's ambitions of returning astronauts to the moon under its Artemis program. Musk additionally dreams of sending humans aboard Starship to colonize Mars. Closer to home, Starship is designed to carry larger versions of the company's Starlink internet satellites and other payloads to Earth orbit. See photos of Starship rocket launches What is flight 12? SpaceX to debut Version 3 (V3) of Starship At 407 feet tall, the next-generation Starship due to launch will be the largest version of the vehicle SpaceX has ever built. If all goes to plan, that prototype, known as Version 3 (V3,) will be the one to reach orbit and be capable of refueling midflight - a capability that will allow for distant missions into space. Similar to previous designs, the fully integrated spacecraft is composed of both a 236-foot-tall lower-stage booster known as Super Heavy, as well as a 171-foot-tall upper stage simply called Starship. Powered by 33 of SpaceX's Raptor-class engines, the booster provides the initial burst of thrust at liftoff, while the vehicle is where the crew and cargo would ride in orbit after the stages separate. The main objective of the flight test, as SpaceX explained online, is simply to test both new pieces of hardware "in the flight environment for the first time." Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at [email protected]
Starship isn't launching today. When SpaceX targets flight 12 now
Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. SpaceX's massive Starship rocket isn't launching today. For the second time since billionaire Elon Musk's commercial spaceflight company announced the next target launch date for the world's largest rocket, the flight test has been postponed another 24 hours. SpaceX is now eyeing May 21 to debut a next-generation version of its gargantuan Starship, which is being developed for trips to the moon and Mars. The new Starship prototype, known as Version 3, is now looming more than 400 feet tall on a launch pad in South Texas after SpaceX on Tuesday, May 19, fully stacked both stages of the rocket. Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. Is Starship launching today? SpaceX delays flight test another 24 hours SpaceX is now working toward a Starship launch Thursday, May 21, the company announced. The 90-minute launch window for Starship's 12th flight test is set to open at 6:30 p.m. ET. The new target date comes after SpaceX has already once delayed the launch by 24 hours after originally indicating that it was working toward a May 19 launch of the world's largest rocket. No reasons have been given for either delay. In a sign that liftoff is imminent, SpaceX also shared photos of the Starship's upper and lower stages being stacked on the launch pad at Starbase, SpaceX's company town and headquarters in Texas near the U.S.-Mexico border. What is Starship? World's largest rocket bound for moon, Mars Standing at more than 400 feet tall when fully stacked, Starship is regarded as the world's largest and most powerful rocket. SpaceX is developing the rocket to be a fully reusable transportation system, meaning both the rocket and vehicle can return to the ground for additional missions. In the years ahead, a lunar lander configuration of Starship will be critical to NASA's ambitions of returning astronauts to the moon under its Artemis program. Musk additionally dreams of sending humans aboard Starship to colonize Mars. Closer to home, Starship is designed to carry larger versions of the company's Starlink internet satellites and other payloads to Earth orbit. See photos of Starship rocket launches What is flight 12? SpaceX to debut Version 3 (V3) of Starship At 407 feet tall, the next-generation Starship due to launch will be the largest version of the vehicle SpaceX has ever built. If all goes to plan, that prototype, known as Version 3 (V3,) will be the one to reach orbit and be capable of refueling midflight - a capability that will allow for distant missions into space. Similar to previous designs, the fully integrated spacecraft is composed of both a 236-foot-tall lower-stage booster known as Super Heavy, as well as a 171-foot-tall upper stage simply called Starship. Powered by 33 of SpaceX's Raptor-class engines, the booster provides the initial burst of thrust at liftoff, while the vehicle is where the crew and cargo would ride in orbit after the stages separate. The main objective of the flight test, as SpaceX explained online, is simply to test both new pieces of hardware "in the flight environment for the first time." Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at [email protected]
Starship isn't launching today. When SpaceX targets flight 12 now
Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. SpaceX's massive Starship rocket isn't launching today. For the second time since billionaire Elon Musk's commercial spaceflight company announced the next target launch date for the world's largest rocket, the flight test has been postponed another 24 hours. SpaceX is now eyeing May 21 to debut a next-generation version of its gargantuan Starship, which is being developed for trips to the moon and Mars. The new Starship prototype, known as Version 3, is now looming more than 400 feet tall on a launch pad in South Texas after SpaceX on Tuesday, May 19, fully stacked both stages of the rocket. Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. Is Starship launching today? SpaceX delays flight test another 24 hours SpaceX is now working toward a Starship launch Thursday, May 21, the company announced. The 90-minute launch window for Starship's 12th flight test is set to open at 6:30 p.m. ET. The new target date comes after SpaceX has already once delayed the launch by 24 hours after originally indicating that it was working toward a May 19 launch of the world's largest rocket. No reasons have been given for either delay. In a sign that liftoff is imminent, SpaceX also shared photos of the Starship's upper and lower stages being stacked on the launch pad at Starbase, SpaceX's company town and headquarters in Texas near the U.S.-Mexico border. What is Starship? World's largest rocket bound for moon, Mars Standing at more than 400 feet tall when fully stacked, Starship is regarded as the world's largest and most powerful rocket. SpaceX is developing the rocket to be a fully reusable transportation system, meaning both the rocket and vehicle can return to the ground for additional missions. In the years ahead, a lunar lander configuration of Starship will be critical to NASA's ambitions of returning astronauts to the moon under its Artemis program. Musk additionally dreams of sending humans aboard Starship to colonize Mars. Closer to home, Starship is designed to carry larger versions of the company's Starlink internet satellites and other payloads to Earth orbit. See photos of Starship rocket launches What is flight 12? SpaceX to debut Version 3 (V3) of Starship At 407 feet tall, the next-generation Starship due to launch will be the largest version of the vehicle SpaceX has ever built. If all goes to plan, that prototype, known as Version 3 (V3,) will be the one to reach orbit and be capable of refueling midflight - a capability that will allow for distant missions into space. Similar to previous designs, the fully integrated spacecraft is composed of both a 236-foot-tall lower-stage booster known as Super Heavy, as well as a 171-foot-tall upper stage simply called Starship. Powered by 33 of SpaceX's Raptor-class engines, the booster provides the initial burst of thrust at liftoff, while the vehicle is where the crew and cargo would ride in orbit after the stages separate. The main objective of the flight test, as SpaceX explained online, is simply to test both new pieces of hardware "in the flight environment for the first time." Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at [email protected]
Starship isn't launching today. When SpaceX targets flight 12 now
Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. SpaceX's massive Starship rocket isn't launching today. For the second time since billionaire Elon Musk's commercial spaceflight company announced the next target launch date for the world's largest rocket, the flight test has been postponed another 24 hours. SpaceX is now eyeing May 21 to debut a next-generation version of its gargantuan Starship, which is being developed for trips to the moon and Mars. The new Starship prototype, known as Version 3, is now looming more than 400 feet tall on a launch pad in South Texas after SpaceX on Tuesday, May 19, fully stacked both stages of the rocket. Here's the latest on the 12th-ever flight test for Starship, a mission SpaceX refers to as flight 12. Is Starship launching today? SpaceX delays flight test another 24 hours SpaceX is now working toward a Starship launch Thursday, May 21, the company announced. The 90-minute launch window for Starship's 12th flight test is set to open at 6:30 p.m. ET. The new target date comes after SpaceX has already once delayed the launch by 24 hours after originally indicating that it was working toward a May 19 launch of the world's largest rocket. No reasons have been given for either delay. In a sign that liftoff is imminent, SpaceX also shared photos of the Starship's upper and lower stages being stacked on the launch pad at Starbase, SpaceX's company town and headquarters in Texas near the U.S.-Mexico border. What is Starship? World's largest rocket bound for moon, Mars Standing at more than 400 feet tall when fully stacked, Starship is regarded as the world's largest and most powerful rocket. SpaceX is developing the rocket to be a fully reusable transportation system, meaning both the rocket and vehicle can return to the ground for additional missions. In the years ahead, a lunar lander configuration of Starship will be critical to NASA's ambitions of returning astronauts to the moon under its Artemis program. Musk additionally dreams of sending humans aboard Starship to colonize Mars. Closer to home, Starship is designed to carry larger versions of the company's Starlink internet satellites and other payloads to Earth orbit. See photos of Starship rocket launches What is flight 12? SpaceX to debut Version 3 (V3) of Starship At 407 feet tall, the next-generation Starship due to launch will be the largest version of the vehicle SpaceX has ever built. If all goes to plan, that prototype, known as Version 3 (V3,) will be the one to reach orbit and be capable of refueling midflight - a capability that will allow for distant missions into space. Similar to previous designs, the fully integrated spacecraft is composed of both a 236-foot-tall lower-stage booster known as Super Heavy, as well as a 171-foot-tall upper stage simply called Starship. Powered by 33 of SpaceX's Raptor-class engines, the booster provides the initial burst of thrust at liftoff, while the vehicle is where the crew and cargo would ride in orbit after the stages separate. The main objective of the flight test, as SpaceX explained online, is simply to test both new pieces of hardware "in the flight environment for the first time." Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at [email protected]
Anthropic's latest hire led AI at Tesla, worked at OpenAI and received high praise from Elon Musk
Meanwhile, ahead of SpaceX's major IPO, Musk is tying that company more tightly to the AI lab Andrej Karpathy, who Elon Musk once called "arguably the #2 guy" in computer vision, is joining Anthropic. Tesla's former head of artificial intelligence, Andrej Karpathy, is joining Anthropic - while his old boss, Elon Musk, ties SpaceX more tightly to the AI startup. "I think the next few years at the frontier of LLMs will be especially formative," Karpathy, who was also a founding team member at OpenAI, said in a statement on Tuesday. "I am very excited to join the team here and get back to [research and development]." Karpathy has joined Nick Joseph's pretraining team, responsible for the large-scale training runs that gives the Claude large language model its core knowledge and capabilities, according to Anthropic. He'll be starting a team focused on using Claude to accelerate pretraining research. While at OpenAI, Karpathy worked on deep learning for generative-AI models and deep reinforcement learning. In June 2017, he was hired by Tesla (TSLA) CEO and OpenAI co-founder Elon Musk to help develop the electric-vehicle company's Autopilot driver-assistance feature. At the time, Musk called Karpathy "arguably the No. 2 guy" in the world in computer vision, according to email correspondence made public as part of Musk's recent lawsuit against OpenAI. In addition to leading the computer-vision team at Tesla, Karpathy also briefly worked on Tesla's Optimus humanoid robot program. See more: Anthropic and OpenAI are following Palantir's playbook as they seek to grow AI usage Karpathy remained at Tesla until 2022, shortly after layoffs hit the Autopilot unit. He later returned to OpenAI for a short stint and then launched an AI education startup called Eureka Labs. On Tuesday, he said he plans to resume his work on education "in time," without providing additional details. Karpathy's move to Anthropic comes shortly after Musk's SpaceX announced a deal to provide Anthropic's AI labs with computing power from its Colossus 1 data center in Tennessee. Anthropic also said it was interesting in working with SpaceX to "develop multiple gigawatts of orbital AI compute capacity." The deal marked a change of heart for Musk, who had earlier claimed that Anthropic's AI was racist and accused the company of hypocrisy. He said this month that he now thinks the Claude chatbot will "probably be good" and that no one he met at Anthropic set off his "evil detector." Anthropic, recently valued at $380 billion, on Monday said it had acquired the popular developer-tool startup Stainless. On Tuesday, Anthropic also announced a "global alliance" with KPMG that gives the consulting firm's more than 276,000 employees access to Claude. See more: Anthropic has 'unprecedented' demand - and it's leaning on Amazon for support Both Anthropic and SpaceX, along with OpenAI, are expected to pursue initial public offerings in the near future. SpaceX is expected to file paperwork for its IPO as soon as this week. -William Gavin This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
Who is Andrej Karpathy? OpenAI cofounder and one of AI's most influential figures joins Anthropic
"Personal update: I've joined Anthropic. I think the next few years at the frontier of LLMs will be especially formative," Karpathy wrote on X. "I am very excited to join the team here and get back to R&D. I remain deeply passionate about education and plan to resume my work on it in time." Anthropic said that he will be a part of their pretraining team, which is responsible for large-scale testing of Claude. According to a Business Insider report, he will report to Nicholas Joseph, another former OpenAI employee. Born in Czechoslovakia (now Slovakia), he moved to Canada with his family at the age of 15. (Also read: Tech Tonic | Musk v. Altman, and a reality of bickering adults holding AI's keys) He completed his Computer Science and Physics bachelor's degrees at University of Toronto in 2009, and obtained a master's degree from the University of British Columbia in 2011. Karpathy received a PhD from Stanford University in 2015 under the supervision of Fei-Fei Li. His PhD focused on convolutional/recurrent neural networks and their applications in computer vision, natural language processing and their intersection. He later left the company to join Tesla as Director of AI, where he led the Autopilot computer vision team. In 2023, Karpathy returned to OpenAI for a second stint. During the brief leadership crisis involving CEO Sam Altman, he publicly backed Altman. However, he left OpenAI again in February 2024 and later went on to launch Eureka Labs, a company focused on AI-driven education. Karpathy has been called one of the most important figures in AI and appeared on Time Magazine's 100 Most Influential People in AI list in 2024. Interestingly, he is also the person who coined the term "vibe coding" to describe how AI tools use natural language prompts to build apps and write code.
The Thinking Machine That Google and Anthropic will Ship Together
Five trillion dollars of compute cannot buy what Sundar and Dario will build: the blueprint based on math inside First of all, don't be scared of the math here. You will get it, because I will use intuitive plots and animations to show you which math the big names are using to build the first true thinking machine. Yes, you read that right: thinking AI, not just another LLM parroting something that only looks similar on the surface. How important is the new math the research labs at the big names are already working on? Important enough that if you read our previous article here, you already know the answer: where cognition and AI meet, mathematics is not a tool, it is the battlefield. Until now, AI has behaved as if intelligence can be squeezed out of flat embeddings, bigger datasets, and enough GPU violence. That is the industry's favorite superstition. But cognition is not a bag of vectors. It is a layered architecture of dependencies, transformations, transport, constraints, memory, inference, and self-correction. Let's start with the math ingredients in the recipe Anthropic and Google are using to build a...
Google Takes On Anthropic's Mythos With New AI Security Agent CodeMender
"Leveraging Agent Platform capabilities and advanced Gemini models, CodeMender autonomously identifies vulnerabilities within your code. It then recommends precise fixes, securely tests them, and can apply patches and necessary changes across dependent systems, with your approval. This entire process automates secure deployment while ensuring your developers retain control," the company said in a blog post.
SpaceX contractor dies at rocket company's Texas HQ
A SpaceX contractor died last week while working at the rocket's company headquarters in Starbase, Texas, according to the local county sheriff's office. The Cameron County Sheriff Department said Monday it responded to the fatal incident, but didn't disclose details about the identity of the victim or cause of the apparent workplace accident on May 15. The sheriff's office referred all further questions to the company. Space Exploration Technologies, more commonly known as SpaceX, didn't immediately respond to a request for comment. The Occupational Safety and Health Administration said that it's investigating the incident. The rocket and satellite company is preparing for the launch of its next-generation Starship rocket as soon as May 20, a crucial test for a vehicle central to CEO Elon Musk's ambitious plans to establish data centers in space, a moon base and the eventual colonization of Mars. SpaceX is simultaneously preparing to enter the public markets in the coming weeks and is targeting a valuation of $2 trillion dollars in what would be the largest-ever initial public offering. It could file for the IPO as soon as later this week, Bloomberg has reported.
Live coverage: SpaceX to launch 24 Starlink satellites on Falcon 9 rocket launch from Vandenberg SFB
SpaceX is preparing to launch its Falcon 9 rocket from Vandenberg Space Force Base Tuesday night to send a batch of its Starlink satellites into low Earth orbit. The mission, dubbed Starlink 17-42, will add another 24 broadband internet satellites to a constellation of spacecraft that consists of more than 10,000 spacecraft. More than 600 of those satellites support direct-to-device capabilities. Liftoff from Space Launch Complex 4 East is scheduled for 7:38 p.m. PDT (10:38 p.m. EDT / 0238 UTC). The rocket will fly on a south-southwesterly trajectory upon leaving the pad. Spaceflight Now will have live coverage beginning about 30 minutes prior to liftoff. SpaceX will launch the mission using the Falcon 9 first stage booster with the tail number B1103. This will be its second launch after flying the Starlink 17-35 mission on April 6. The booster was previously assigned to the NROL-172 mission, but was swapped for B1097 prior to launch. SpaceX didn't offer an explanation for the swap. A little more than eight minutes after liftoff, B1103 will target a landing on the drone ship 'Of Course I Still Love You.' If successful, this will be the 197th landing on this vessel and the 612th booster landing to date.
Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says
May 19 (Reuters) - Goldman Sachs is expected to secure the much-coveted lead left position in Elon Musk's rocket and satellite maker SpaceX's initial public offering, a source familiar with the matter told Reuters on Tuesday. The position refers to the bank that holds the most senior and prominent role among all the underwriters of an IPO deal. Both Morgan Stanley and Goldman will be serving as the lead bankers on the IPO prospectus, which could be released as soon as Wednesday, the source said. Goldman declined to comment when contacted by Reuters, while SpaceX and Morgan Stanley did not immediately respond. Morgan Stanley, which has advised Musk for years, took Tesla public in 2010, alongside Goldman Sachs, which was the lead left underwriter, and others. SpaceX's debut comes at a pivotal moment for the IPO market that has rebounded after struggling over the past couple of years due to volatility fueled by U.S. tariff policy and geopolitical uncertainty. The space firm is likely to target raising about $75 billion at a valuation of roughly $1.75 trillion, which would make it the biggest stock market flotation of all time, Reuters has previously reported. The $1.75 trillion target represents a significant step up from the $1.25 trillion combined valuation of SpaceX and Musk's artificial intelligence startup xAI, when they merged in February. SpaceX is aiming to list its shares as early as June 12 and has picked the Nasdaq as the trading venue for its blockbuster market debut, Reuters exclusively reported last week. Bank of America, Citigroup and JPMorgan are also among the banks slated to lead the highly anticipated listing, with 16 other banks in smaller roles spanning institutional, retail and international channels. The Wall Street Journal first reported about Goldman's lead left role earlier on Tuesday. (Reporting by Juby Babu in Mexico City and Echo Wang in New York; Editing by Shinjini Ganguli)
Colossal Hatches Chicks, Cracks the Egg Problem for Giant Bird De‑Extinction
Colossal Biosciences has re-engineered the egg. The company's shell-less artificial egg system is shown alongside a developing embryo and one of the chicks successfully hatched from the 3D-printed incubation device. Colossal says the platform could support future conservation efforts and the de-extinction of giant birds such as the South Island Giant Moa. [Image: Colossal Biosciences] The eggs Colossal Biosciences ultimately hopes to hatch may one day be the size of basketballs. That challenge is driving one of the company's most unusual engineering projects yet: building a shell-less egg. The Dallas-based de-extinction startup announced it has successfully hatched live chicks using a 3D-printed shell system designed to support full avian embryo development outside a natural eggshell -- a technology Colossal says could eventually enable the return of giant extinct birds such as the South Island Giant Moa. After decades of failed attempts by researchers to culture bird embryos outside their natural shells, Colossal says its new artificial egg system avoids one of the biggest historical problems: the need for pure-oxygen environments that could damage DNA and complicate long-term development. Instead, the company said its shell-less platform uses a bioengineered silicone-based membrane that mimics the gas exchange of a natural eggshell under normal atmospheric conditions. The 3D-printed lattice shell is designed to regulate oxygen, humidity, and temperature while remaining compatible with standard commercial incubators. The engineering challenge becomes more complicated as eggs scale up in size. During a recent lab tour, Colossal researchers said South Island Giant Moa eggs were estimated to be about eight times the volume of an emu egg -- well beyond the capacity of any living avian surrogate. "We're working with our exogenous development group to develop an artificial egg that will be able to accommodate Moa," one Colossal scientist said during the tour. "Every new scalable system for de-extinction is ultimately a biology problem wrapped in an engineering problem," Ben Lamm, Colossal's co-founder and CEO, said in a statement. "The artificial egg is a perfect example." Lamm said restoring species such as the South Island Giant Moa requires more than reconstructing ancient genomes and editing primordial germ cells, or PGCs. "It requires building an entirely new incubation system where no surrogate exists and scales in ways that ordinary biology simply doesn't," he said. Lamm called the artificial shell system "a major milestone" for Colossal and "a foundational technology" for the company's de-extinction efforts. "This is what multidisciplinary science makes possible -- bringing together biology, materials science, and engineering to solve one of nature's most elegant systems," he said. The 3D-printed lattice shell was designed for eventual transition to injection molding for low-cost, high-volume production. The shell size can be adjusted, with additional versions already under development that exceed the dimensions of any available surrogate species, Colossal said. Researchers first attempted shell-less avian culture in the 1980s, but earlier systems required large volumes of pure oxygen, which Colossal said caused DNA damage and affected long-term animal health. Those systems also were incompatible with standard commercial incubators and difficult to scale for conservation or industrial use. "We've created a novel shell-less culture system that is fully scalable and biologically accurate," said Andrew Pask, Colossal's chief biology officer. "It's a new system designed for long-term, healthy avian embryo development." The result, the company said, is a system compatible with standard commercial incubators, manufacturable at scale, and adaptable to eggs of different sizes. Pask said the platform is designed to operate independently of surrogate species while scaling across different egg sizes. "The artificial egg gives us that platform: controlled, scalable, and completely independent of a surrogate," he said. "It's species-agnostic, size-scalable, and unlocks entirely new pathways -- from rescuing endangered birds with low hatch success to enabling de-extinction where no surrogate exists." "We designed it with one priority," Pask added: "Producing healthy animals that can thrive, not just hatch." Beyond conservation and de-extinction, Colossal said the platform could also have applications in biotechnology research involving genome-edited birds. The company said the system's transparent, modular design allows continuous access to developing embryos during incubation, which could support gene-editing workflows used in areas such as therapeutic protein production and other forms of avian biotech research. "Any field that needs precise, scalable access to developing avian embryos now has a tool that didn't exist before," Lamm said. Track Dallas-Fort Worth's business and innovation landscape with our curated news in your inbox Tuesday-Thursday.
Goldman Sachs to be named lead banker in SpaceX IPO- WSJ By Investing.com
Investing.com-- Goldman Sachs (NYSE:GS) is expected to be named lead banker on SpaceX's behemoth initial public offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Morgan Stanley (NYSE:MS) is also a lead banker, but Goldman is expected to take the lead-left position in the IPO prospectus, which could be made public as early as Wednesday, the WSJ report said. Get more breaking news on the SpaceX IPO by subscribing to InvestingPro Bloomberg and Reuters reported similar developments. Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C) and JPMorgan Chase & Co (NYSE:JPM) also appeared in alphabetical order on the preliminary prospectus, reports said. SpaceX is expected to price its IPO as soon as June 11, with the Elon Musk-led space company aiming to raise up to $75 billion at a valuation of $1.75 trillion- making it the largest IPO in history.
Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says
May 19 (Reuters) - Goldman Sachs is expected to secure the much-coveted lead left position in Elon Musk's rocket and satellite maker SpaceX's initial public offering, a source familiar with the matter told Reuters on Tuesday. The position refers to the bank that holds the most senior and prominent role among all the underwriters of an IPO deal. Both Morgan Stanley and Goldman will be serving as the lead bankers on the IPO prospectus, which could be released as soon as Wednesday, the source said. Goldman declined to comment when contacted by Reuters, while SpaceX and Morgan Stanley did not immediately respond. Morgan Stanley, which has advised Musk for years, took Tesla public in 2010, alongside Goldman Sachs, which was the lead left underwriter, and others. SpaceX's debut comes at a pivotal moment for the IPO market that has rebounded after struggling over the past couple of years due to volatility fueled by U.S. tariff policy and geopolitical uncertainty. The space firm is likely to target raising about $75 billion at a valuation of roughly $1.75 trillion, which would make it the biggest stock market flotation of all time, Reuters has previously reported. The $1.75 trillion target represents a significant step up from the $1.25 trillion combined valuation of SpaceX and Musk's artificial intelligence startup xAI, when they merged in February. SpaceX is aiming to list its shares as early as June 12 and has picked the Nasdaq as the trading venue for its blockbuster market debut, Reuters exclusively reported last week. Bank of America, Citigroup and JPMorgan are also among the banks slated to lead the highly anticipated listing, with 16 other banks in smaller roles spanning institutional, retail and international channels. The Wall Street Journal first reported about Goldman's lead left role earlier on Tuesday. (Reporting by Juby Babu in Mexico City and Echo Wang in New York; Editing by Shinjini Ganguli)
How Big Could SpaceX And Anthropic Get? The Latest Prediction Market Bets Size Up Pre-IPO Valuations.
Data from Nasdaq Private Market, an investment platform for private company shares, will determine how the bets are resolved. There's a new way to trade buzzy IPO hopefuls before they go public. Prediction markets operator Polymarket debuted a smattering of event contracts that let traders speculate on the valuations of popular private companies including Anthropic, Neuralink, OpenAI and SpaceX, whether they go public or not. That means bettors can put money on whether an AI company will be worth $3 trillion by the end of the year, or a fraction of that -- potentially creating new signals investors can use to determine which direction a company's valuation is going. For example, Anthropic reportedly agreed to a $30 billion fundraising round to close as soon as this month that will value the company at $900 billion. A recent check shows that Polymarket traders are betting that that figure will balloon to $1 trillion by December 31. Meanwhile, bettors are pricing in roughly 90% odds that SpaceX by June 30 will be worth somewhere between $1.5 trillion and $1.75 trillion, which would be in line with the the reported $1.75 trillion valuation it is said to be seeking in an IPO coming soon. The tricky part is settling a bet on a private company valuation, without relying on its most recent fundraising valuation or waiting for it to go public and start trading. That's where Nasdaq Private Market, an investment platform for private company shares and a Polymarket partner, comes in. The firm, which keeps track of private companies' funding rounds, secondary trading in them, as well as other market factors, will be the final arbiter of those event contracts if the company in question remains private by the end of the bets' specified terms. It publishes an estimate of private company valuations at 1 p.m. ET daily -- last putting Anthropic's valuation at $923 billion, and SpaceX's at $1.4 trillion.
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Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says By Reuters
May 19 (Reuters) - Goldman Sachs is expected to secure the much-coveted lead left position in Elon Musk's rocket and satellite maker SpaceX's initial public offering, a source familiar with the matter told Reuters on Tuesday. The position refers to the bank that holds the most senior and prominent role among all the underwriters of an IPO deal. Both Morgan Stanley and Goldman will be serving as the lead bankers on the IPO prospectus, which could be released as soon as Wednesday, the source said. Goldman declined to comment when contacted by Reuters, while SpaceX and Morgan Stanley did not immediately respond. Morgan Stanley, which has advised Musk for years, took Tesla public in 2010, alongside Goldman Sachs, which was the lead left underwriter, and others. SpaceX's debut comes at a pivotal moment for the IPO market that has rebounded after struggling over the past couple of years due to volatility fueled by U.S. tariff policy and geopolitical uncertainty. The space firm is likely to target raising about $75 billion at a valuation of roughly $1.75 trillion, which would make it the biggest stock market flotation of all time, Reuters has previously reported. The $1.75 trillion target represents a significant step up from the $1.25 trillion combined valuation of SpaceX and Musk's artificial intelligence startup xAI, when they merged in February. SpaceX is aiming to list its shares as early as June 12 and has picked the Nasdaq as the trading venue for its blockbuster market debut, Reuters exclusively reported last week. Bank of America, Citigroup and JPMorgan are also among the banks slated to lead the highly anticipated listing, with 16 other banks in smaller roles spanning institutional, retail and international channels. The Wall Street Journal first reported about Goldman's lead left role earlier on Tuesday.
Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says
May 19 (Reuters) - Goldman Sachs is expected to secure the much-coveted lead left position in Elon Musk's rocket and satellite maker SpaceX's initial public offering, a source familiar with the matter told Reuters on Tuesday. The position refers to the bank that holds the most senior and prominent role among all the underwriters of an IPO deal. Both Morgan Stanley and Goldman will be serving as the lead bankers on the IPO prospectus, which could be released as soon as Wednesday, the source said. Goldman declined to comment when contacted by Reuters, while SpaceX and Morgan Stanley did not immediately respond. Morgan Stanley, which has advised Musk for years, took Tesla (TSLA.O), opens new tab public in 2010, alongside Goldman Sachs, which was the lead left underwriter, and others. SpaceX's debut comes at a pivotal moment for the IPO market that has rebounded after struggling over the past couple of years due to volatility fueled by U.S. tariff policy and geopolitical uncertainty. The space firm is likely to target raising about $75 billion at a valuation of roughly $1.75 trillion, which would make it the biggest stock market flotation of all time, Reuters has previously reported. The $1.75 trillion target represents a significant step up from the $1.25 trillion combined valuation of SpaceX and Musk's artificial intelligence startup xAI, when they merged in February. SpaceX is aiming to list its shares as early as June 12 and has picked the Nasdaq as the trading venue for its blockbuster market debut, Reuters exclusively reported last week. Bank of America, Citigroup and JPMorgan are also among the banks slated to lead the highly anticipated listing, with 16 other banks in smaller roles spanning institutional, retail and international channels. The Wall Street Journal first reported about Goldman's lead left role earlier on Tuesday. Reporting by Juby Babu in Mexico City and Echo Wang in New York; Editing by Shinjini Ganguli Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * Government * Securities Enforcement * ADAS, AV & Safety * Sustainable & EV Supply Chain
Goldman Sachs Set To Be Named Lead Left Underwriter For Spacex IPO- Reuters By Investing.com
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