News & Updates
The latest news and updates from companies in the WLTH portfolio.
Anthropic accidentally exposes system behind Claude code
Anthropic PBC inadvertently released internal source code behind its popular artificial intelligence-powered Claude coding assistant, raising questions about the security of an AI model developer that has built its brand on prioritizing safety. "Earlier today, a Claude Code release included some internal source code. No sensitive customer data or credentials were involved or exposed," Anthropic said in an emailed statement late Tuesday. "This was a release packaging issue caused by human error, not a security breach." The accidental release marked Anthropic's second security slip-up in a matter of days, compromising approximately 1,900 files and 512,000 lines of code related to Claude Code -- an agentic coding tool that runs directly inside developer environments. Last week, Fortune separately reported that Anthropic had been storing thousands of internal files on a publicly accessible system, including a draft blog post that detailed an upcoming model known internally as both "Mythos" and "Capybara." The exposures couldn't come at a worse time for Anthropic, which was declared by the US government a supply chain risk earlier this year and is fighting the designation in court. The company has warned that the labeling could cost it billions in lost revenue. The latest accidental release involving Claude Code first came to light in a post on the social media platform X that purported to share a link to the code and garnered more than 30 million views. The leak has touched off thousands of posts online by people saying they've scoured the code. Some have claimed they've unearthed yet-to-be-released features, as well as quirks in the existing Claude Code system. Several experts raised concerns about potential security vulnerabilities. "Attackers can now study and fuzz exactly how data flows through Claude Code's four-stage context management pipeline and craft payloads designed to survive compaction, effectively persisting a backdoor across an arbitrarily long session," AI cybersecurity firm Straiker said in a blog post. For its part, Anthropic said it's "rolling out measures to prevent this from happening again." In February, Anthropic raised $30 billion in a massive funding round that valued the company at $380 billion, including the money raised, roughly doubling its prior valuation. The company landed itself in the spotlight that same month for releasing a series of products that sent the shares of everything from legal services companies to software and cybersecurity firms plunging on fears of widespread disruption. (Updates with additional context on court case in fourth paragraph)
SpaceX IPO buzz lifts aerospace shares on spillover bets
April 1 : Shares of aerospace companies jumped on Wednesday as investors bet that Elon Musk-owned SpaceX's confidential filing for an initial public offering would be a catalyst for the sector's next growth phase. Musk's company confidentially filed for a U.S. IPO on Wednesday and is eyeing a potential valuation of more than $1.75 trillion, Reuters reported, citing a person familiar with the matter. Shares of Rocket Labs and Planet Labs gained 5.8 per cent and 9.6 per cent, respectively, while Intuitive Machines added 10.5 per cent and Howmet Aerospace climbed 3.4 per cent. Planet Labs has gained over 56 per cent this year, while shares of Intuitive and Howmet rose 26 per cent and 16.3 per cent, respectively. "It isn't unusual for the entire sector to rally because some investors will interpret the announcement of the IPO as very positive for that type of industry and the timing is also coincidental with the launch this evening of the U.S. space escapade," said Peter Andersen, founder of Andersen Capital Management. NASA is set to launch four astronauts as soon as Wednesday evening on a 10-day flight around the moon. Musk's electric-vehicle company Tesla added 2.6 per cent, while satellite communications company EchoStar, which owns SpaceX shares, added 4.8 per cent. Exchange Traded Funds (ETFs) tracking the aerospace sector such as Ark Space & Defense Innovation and Procure Space also climbed 2.9 per cent and 4.8 per cent, respectively. Both the funds have more than doubled in value since 2023. The listing comes when investor enthusiasm for the space sector has surged, driven by falling launch costs, expanding satellite networks and growing interest in data center infrastructure in orbit. SpaceX's planned debut is set to generate massive interest among retail investors for the sector. Musk is mulling allocating as much as 30 per cent of the company's shares to individual investors, Reuters reported.
Anthropic scrambles to contain self-inflicted leak of valuable AI code
Anthropic has been scrambling to contain a self-inflicted mess after it accidentally leaked a treasure trove of internal code that powers one of its most valuable artificial intelligence tools, according to reports. The code serves as instructions for Claude Code, an AI agent app that developers and businesses pay top dollar to use to program and build applications of their own. Anthropic's competitors and hoards of startups and developers now have the goods to essentially clone features of Claude Code -- a shortcut to reverse-engineering them, the Wall Street Journal noted. By Wednesday morning, Anthropic representatives had used a copyright takedown request to get more than 8,000 copies and adaptations of the source code removed that developers had shared on programming platform GitHub. The leak of "some internal source code" didn't expose any customer information or data, a spokesman for Anthropic told news outlets. The secret inner mathematics of the company's pricey AI models reportedly weren't revealed, either. "This was a release packaging issue caused by human error, not a security breach. We're rolling out measures to prevent this from happening again," the spokesman said. The Post has sought comment from Anthropic. Still, the leak revealed information that helps the company stay ahead of competitors, including tools and instructions for getting its AI models to work as coding agents, according to the Journal. The leak also gives hackers fresh ammunition as they hunt for ways to exploit Claude Code software or use its model to launch cyberattacks. The snafu reportedly began Tuesday, when Anthropic updated its AI tool. Like most proprietary software, Claude's source code is usually scrambled and unintelligible. But this time, the company posted a file to GitHub that linked back to code that outsiders could download and interpret. The folly was spotted by a user on social media site X, and word spread from there. The leak sets Anthropic back both in terms of its safety reputation and in the cutthroat battle for enterprise customers where maintaining an innovation edge is paramount. The setback comes as Anthropic has been fighting the Department of War in court after being blacklisted earlier this year. Last week, Anthropic won an injunction that halted its designation as a "supply-chain risk." The growing popularity of Claude Code helped Anthropic ink a recent funding deal that valued the company at $380 billion ahead of a possible public offering this year.
OpenAI raises $122 Billion, aims to build unified AI Superapp to rival Anthropic
The Superapp will bring together ChatGPT, Codex, browsing tools, and AI agents into a single experience. OpenAI has raised a massive $122 billion funding round, taking its valuation to $852 billion. The company says the money will be used to expand infrastructure, improve AI models, and support global growth. The announcement also revealed OpenAI's most ambitious project yet - building a unified AI superapp that combines all of its tools into one seamless platform. CEO Sam Altman explained that the challenge is no longer intelligence but usability. People don't want to juggle multiple apps for different tasks; they want one system that understands their needs and completes tasks automatically. What Will Superapp Do? The superapp will bring together ChatGPT, Codex, browsing tools, and AI agents into a single experience. Instead of treating these as separate products, OpenAI wants them to function like parts of one system. The idea is simple: users give one instruction, and the AI handles everything in the background. For example, instead of searching flights, comparing prices, writing emails, and saving details separately, the AI would complete the entire workflow. OpenAI calls this an "agent-first" approach, where the AI doesn't just answer questions but takes action -- moving across apps, handling data, and executing tasks. The company believes this will make AI far more useful in everyday life, especially for non-technical users. Funding and Market Impact The $122 billion round was co-led by SoftBank, with participation from Andreessen Horowitz, D. E. Shaw Ventures, Amazon, and Nvidia. OpenAI already serves over 900 million weekly users, including more than 50 million subscribers, and generates around $2 billion in monthly revenue. The company hopes that by turning its tools into one powerful app, users will adopt it at home, eventually bringing it into workplaces. If successful, the superapp could challenge platforms like Gmail, GitHub, Google Search, and productivity apps such as Notion or Excel. READ MORE: Google now lets you change Gmail users; Here's how you can change yours
Musk's SpaceX files for largest ever IPO with 21-bank syndicate: reports
The news: Elon Musk's SpaceX has filed confidentially with the US Securities and Exchange Commission for what is expected to be the biggest IPO in history, putting the company on track for a June listing that according to reports could raise as much as USD75 billion ($108.1 billion) dwarfing Saudi Aramco's USD29 billion record debut in 2019. The numbers: Bloomberg has previously reported the company could seek a valuation of more than USD1.75 trillion, after acquiring Musk's AI startup xAI in a deal that valued the enlarged entity at USD1.25 trillion. Reuters separately reported the listing, which is internally codenamed Project Apex, has enlisted at least 21 banks in one of the largest underwriting syndicates assembled in recent years. Those banks include Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup serving as lead bookrunners and 16 banks in smaller roles including Barclays, Deutsche Bank, UBS, Macquarie, Mizuho and Royal Bank of Canada.
SpaceX lines up 21 banks for mega IPO, code-named project Apex - The Economic Times
SpaceX is preparing for a massive initial public offering. The rocket company is collaborating with over 20 banks for its upcoming stock market debut. This listing, codenamed Project Apex, is anticipated in June. Experts estimate SpaceX could be valued at a staggering $1.75 trillion. This move signals a significant event for Wall Street and the aerospace industry.
Elon Musk's SpaceX could lead a wave of jumbo IPOs after reportedly making this key move
SpaceX reportedly filed confidential IPO paperwork, setting the stage for a listing as soon as June SpaceX was most recently valued at $1.25 trillion in the private market. SpaceX seems to be getting a step closer to a blockbuster initial public offering. Elon Musk's aerospace firm has submitted its draft IPO registration to the U.S. Securities and Exchange Commission, Bloomberg News reported, citing people familiar with the matter. That should put it on track for a June listing that could lead a trio of mega-IPOs expected soon. OpenAI and Anthropic are other major private companies that could soon test public-market appetites. A representative for SpaceX didn't immediately respond to a request for comment. Confidentially filing IPO paperwork has become popular since it was introduced 14 years ago. Robinhood Markets (HOOD) and Krispy Kreme (DNUT) opted to file confidentially. So did Uber Technologies (UBER) and Lyft (LYFT). See: Nasdaq paves the way for SpaceX and OpenAI to quickly join a premier index after IPOs There are a few benefits to going this route. For one, companies get feedback from regulators before the public is allowed to view their financial information. The process also helps reduce lawsuits, frivolous or otherwise, which can negatively impact IPO proceeds, according to a 2020 study. SpaceX, valued at $1.25 trillion following its recent acquisition of Musk's xAI, is reportedly seeking a $1.75 trillion valuation. The company is aiming to raise as much as $75 billion, far more than what Saudi Aramco hauled in through a $29.4 billion fundraise in 2019. "They've been the best company I've ever worked with in 45 years," EchoStar CEO Charles Ergen, whose firm has a deal to acquire up to $11 billion worth of SpaceX stock, said on a March 2 earnings call. "I don't think any amount of valuation is probably crazy there." The massive valuation stand in contrast to SpaceX's relatively meager financials. The company brought in an estimated $15 billion of revenue in 2025 and $7.5 billion in earnings before interest, taxes, depreciation and amortization, according to PitchBook. By contrast, Musk's Tesla (TSLA) generated $94 billion in sales last year. Read: SpaceX's stock could trade like Tesla 'on steroids' after its IPO, analyst says The funding SpaceX could secure is crucial for achieving Musk's ambitious goals, which range from developing an enormous satellite constellation that could power artificial intelligence to colonizing the moon and an ambitious chip-making collaboration with Tesla. Analysts say SpaceX's orbital data center and chipmaking plans could easily cost trillions of dollars to pull off. See: 'Do you believe in Elon?': Musk tests Tesla investors' faith with an expensive chip-making plan The company also needs to continue developing Starlink, a satellite-communications business that accounts for most of SpaceX's revenue, and rebuilding xAI. All of xAI's co-founders not named Elon Musk have reportedly left the company, which Musk said was "not built right." Ross Nordeen, the last of the group, exited xAI over the weekend. SpaceX's plans are largely reliant on Starship, a mega-rocket capable of carrying dozens of satellites with every launch. Musk wants SpaceX to eventually launch a Starship every hour, on the hour, but the vehicle is still in the testing phase. The debut launch of the third-generation Starship is expected for sometime this month. Don't miss: You can invest in SpaceX before its IPO - but should you? -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.
SpaceX files securities documents to go public: source
Elon Musk's SpaceX has bold ambitions, including solar-powered, satellite-based data centers to develop and run future AI models - Copyright AFP/File Brendan SMIALOWSKI Elon Musk's SpaceX has filed confidential papers with US securities regulators for what could be the largest-ever public stock offering, a source familiar with the matter told AFP on Wednesday. The filing puts SpaceX on track to list on a public exchange by July, according to the Wall Street Journal, which cited people familiar with the matter. SpaceX did not immediately respond to a request for comment. Officials at the Securities and Exchange Commission declined comment. US media have reported that the IPO could be valued at a whopping $75 billion or more for a venture with stratospheric ambitions. The IPO looks set to blow past the biggest public offering on record from 2019, when the oil group Saudi Aramco raised $25.6 billion. SpaceX, which dominates the space launch market with its reusable rockets, is owned by Musk alongside several investment funds and tech companies including Google's parent Alphabet. The company's rockets vastly reduce the cost of putting satellites into orbit. SpaceX is also the owner of the Starlink satellite constellation. In February, Musk announced that SpaceX was taking over his artificial intelligence outfit xAI, a step in the billionaire's plan to use SpaceX's rockets to launch solar-powered, satellite-based data centers to develop and run future AI models.
SpaceX files confidentially for IPO, targeting June listing
Investing.com -- SpaceX has filed confidentially for an initial public offering with the US Securities and Exchange Commission, according to a report from Bloomberg News, citing people familiar with the matter. The filing puts Elon Musk's rocket, satellite and AI company on track for a June listing. The company submitted its draft IPO registration to the SEC, the people said, requesting anonymity as the information is not public. The planned offering would mark the first of three anticipated mega-IPOs, ahead of OpenAI and Anthropic PBC. SpaceX could seek a valuation exceeding $1.75 trillion in the IPO. If completed, the listing would represent the largest IPO on record. Related articles SpaceX files confidentially for IPO, targeting June listing Retail activist Randian Capital joins push for overhaul at Snap
Car flipped on Darlington road sparking traffic chaos as police hunt fleeing driver
A car flipped and crashed, sparking traffic chaos in Darlington as police hunt for a driver who fled the scene. Officers were called to Haughton Road on Wednesday (April 1) after a crash just before 3pm left a white Vauxhall Corsa on its roof. Dramatic pictures show the car with smashed windows while officers block the road. Durham Police said the driver and passenger are believed to have fled the scene and witnesses are now asked to contact officers. One grandmother, who wished to remain anonymous, said: "I think the car was coming along the road and clipped the back of the silver car and overturned. (Image: DURHAM POLICE) "The person that was driving then got out and ran off." The 65-year-old, who has lived on the road since 1998, added: "It happened just before 3pm. "My son had been on the phone to me and the next thing I heard was a bang and I looked out and thought, 'that's not the way to park a car!'" There were two sections of police activity along the road, one near the Throstlenest Avenue junction and the other opposite the Spar petrol garage. (Image: NORTHERN ECHO) A police van was blocking access to Haughton Road from near the flipped car while another police car blocked off Haughton Road from the roundabout. The incident has sparked significant traffic on roads close to the roundabout. A force spokesperson said: "Police were called just before 2.55pm today (April 1) following a collision in which a car overturned on Haughton Road, in Darlington. "The car was reported to have clipped another car before rolling onto its roof. "The driver and passenger are believed to have fled the scene of the incident - anyone with information that could help identify them should call Durham Constabulary on 101, quoting incident number 259 of April 1."
Anthropic's Claude AI Writes Full FreeBSD Kernel Exploit in Four Hours
Expert Warning: Security researchers warn that AI-driven exploit development is compressing the window between public vulnerability disclosure and working attacks from weeks to hours. Anthropic's Claude AI autonomously developed two working remote root exploits for a FreeBSD kernel vulnerability, each succeeding on its first attempt after roughly four hours of compute time. A technical write-up published April 1 revealed how researcher Nicholas Carlini stepped away from his keyboard and returned to find the AI had solved six distinct technical problems without human assistance. The resulting exploits can compromise any unpatched server in under a minute. A stack buffer overflow tracked as CVE-2026-4747 in FreeBSD's RPCSEC_GSS authentication module was patched on March 26. FreeBSD's security advisory credits "Nicholas Carlini using Claude, Anthropic" for uncovering the flaw. While AI tools have found software bugs for years, autonomously writing a kernel-level remote code execution exploit with root shell access was considered beyond machine capability until now. Carlini, who works with Anthropic's Frontier Red Team, has since used Claude to generate 500 validated high-severity vulnerabilities. Inside , FreeBSD copies an RPCSEC_GSS credential body into a 128-byte stack buffer without checking that the payload fits the 96 bytes of usable space after a 32-byte fixed header. Because the vulnerable module handles authentication for FreeBSD's kernel-level NFS server, the flaw is reachable over the network via port 2049/TCP. Any user with a valid Kerberos ticket, even an unprivileged one, can trigger it. Moreover, FreeBSD's advisory notes that exploitation does not require the client to authenticate itself first, lowering the bar further. Enterprises running NFS servers with Kerberos infrastructure such as Active Directory or FreeIPA face direct exposure, and no workaround is available for systems with the module loaded. Going from advisory to working root shell required Claude to solve six distinct technical problems autonomously. Claude devised a 15-round shellcode delivery strategy: round one makes kernel memory executable by calling , 13 rounds write shellcode 32 bytes at a time into a known kernel BSS address, and the final round writes the last 16 bytes and jumps to the entry point. Each round kills one NFS worker thread via , keeping the server alive between packets. FreeBSD spawns eight NFS threads per CPU, so the exploit requires a machine with two or more CPU cores to survive all 15 rounds. Several missing kernel mitigations simplified the path. FreeBSD 14.x lacks KASLR, leaving the kernel base at a fixed, predictable address. Furthermore, FreeBSD 14.x lacks stack canaries for integer arrays, and the overflowed buffer is typed as . Combined, these gaps gave Claude a clear route to control execution flow without defeating randomization or detection mechanisms that modern Linux and Windows kernels employ. On a fully hardened kernel, Claude would have needed to chain additional bypass techniques, adding complexity that could have exceeded the model's capabilities. When initial stack offsets proved wrong, Claude sent De Bruijn patterns, read kernel crash dumps, and corrected the return address offset from byte 168 to byte 200. After gaining kernel-mode execution at ring 0, Claude created a new process via , replaced it with using , and cleared the flag. Stale debug registers inherited from FreeBSD's DDB debugger then crashed the child process, prompting Claude to add one more fix: clearing DR7 before forking. After 15 RPCSEC_GSS overflow packets delivered over approximately 45 seconds, the exploit achieves root shell access. In a second variant, Claude wrote a public key to instead of spawning a reverse shell, shortening the attack to six rounds. FreeBSD's patch adds a single bounds check before the call. In contrast to the sophistication of the attack, the fix required just one line of code. Fuzzers such as AFL and syzkaller have been uncovering kernel vulnerabilities for over a decade, but turning a raw advisory into a complete weaponized exploit was a task reserved for skilled human researchers until now. Written in Python using the module, Claude's exploit represents a qualitative shift in what autonomous AI systems can accomplish in offensive security. "Each new AI capability is usually met with 'AI can do Y, but only humans can do X.' Well, for X = exploit development, that line just moved." Carlini's operation alarmed independent security researchers well beyond the FreeBSD case. His process involves a trivial bash script that loops over source files, asking Claude Code to find exploitable vulnerabilities. Beyond the kernel exploit, the pipeline has already produced a SQL injection vulnerability in Ghost CMS. Building on this, security researcher Thomas Ptacek argued on his blog that the implications extend far past any single vulnerability. Ptacek noted that Carlini's approach requires no specialized exploit development knowledge, just access to an AI model and a list of source code repositories. "We're living in the last fleeting moments where there's any uncertainty that AI agents will supplant most human vulnerability research." Meanwhile, at RSAC 2026, former Facebook CSO Alex Stamos warned that AI agents could soon reverse-engineer patches into working exploits within a day of release, coining the phrase "Patch Tuesday, exploit Wednesday." According to Stamos, large foundation model companies are sitting on thousands of unverified bugs they lack the capacity to verify or patch. Separately, penetration testing firm Armadin reported finding RCE vulnerabilities or data leakage paths in every application it tested for a Fortune 150 client. Ptacek's and Stamos's warnings converge on the same conclusion: when a bash script and an AI model can replicate work that previously required a team of specialized researchers working for weeks, the cost of generating exploits drops toward zero while the cost of defending against them remains high. That asymmetry favors attackers, who need only one working exploit, over defenders, who must patch every vulnerable system across their entire infrastructure. AI-assisted vulnerability research has been accelerating for years. In April 2024, a University of Illinois study showed GPT-4 could exploit known security flaws at high success rates. By October 2024, the Vulnhuntr tool was using Claude to uncover zero-day bugs in Python codebases. The following month, Google's Big Sleep agent found an exploitable bug in SQLite. In March 2026, AI security startup AISLE independently discovered all 12 zero-day vulnerabilities in OpenSSL's January security patch. Claude's FreeBSD kernel exploit marks a jump from application-level bugs to operating system internals, a materially harder category that demands deep kernel knowledge. However, each step in this progression expanded what AI could target: from known vulnerabilities in web applications, to zero-days in widely used libraries, to kernel-level code running at the highest privilege level. Claude's exploit did not just find a bug; it built the full attack chain from advisory to root shell, a capability that compounds the risk posed by each prior advance. Stamos acknowledged that exploit finding has gone exponential but noted that automated shellcode generation bypassing modern processor protections is likely six months to a year away. FreeBSD's missing KASLR and stack canaries made this particular target easier than hardened production systems, but the trajectory is clear. Administrators running affected FreeBSD versions should apply patches immediately. Carlini's 500-vulnerability pipeline signals that the window between public advisory and working exploit is shrinking from weeks to hours. For every enterprise security team still scheduling kernel patches on a monthly cycle, the calculus has changed.
Rocket Lab Stock Rises As SpaceX IPO Filing Reignites Space Sector Optimism - Rocket Lab (NASDAQ:RKLB)
Rocket Lab shares are powering higher. What's driving RKLB stock higher? SpaceX IPO Could Reignite Investor Appetite Across Public Space Stocks The filing matters for Rocket Lab because it can push investors to reassess the value of the few established public companies already offering direct exposure to launch, spacecraft manufacturing and broader space infrastructure. If SpaceX is moving closer to the public markets, traders may start rotating into existing listed names like Rocket Lab as a way to gain exposure to the sector ahead of any blockbuster offering. CNBC also said SpaceX has become NASA's biggest launch partner and could seek what may be a record IPO, which raises the profile of the entire space industry in public markets. Mynaric Deal Expands Rocket Lab's Push Into Next-Generation Space Systems The move higher also lands after Rocket Lab said earlier this week that it secured German regulatory approval to acquire Mynaric AG, a laser-communications technology provider. The company said the deal should strengthen its capabilities across launch services, spacecraft manufacturing and satellite components, while helping scale production and ease supply constraints in laser communications. Recent RSI Action Suggests Balanced Momentum For RKLB Rocket Lab's RSI has mostly stayed in the neutral range over the past six months, with periodic spikes into overbought territory near 70-75 and a brief dip into oversold levels around 30. More recently, RSI has stabilized in the mid-range, suggesting balanced momentum with no strong overbought or oversold signal driving the stock. Wall Street Stays Positive On Rocket Lab Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $67.73. Recent analyst moves include: Wells Fargo: Initiated with Equal-Weight (Target $60.00) (Apr. 1) Clear Street: Initiated with Buy (Target $88.00) (Mar. 19) Cantor Fitzgerald: Overweight (Maintains Target $85.00) (Mar. 13) RKLB Shares Climb Wednesday Afternoon RKLB Price Action: Rocket Lab shares were up 4.92% at $67.38 at the time of publication on Wednesday, according to Benzinga Pro data. Image: Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
SpaceX has filed confidentially for IPO ahead of AI rivals
SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn't public. The filing puts it on track for a June listing, which would make SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. A representative for SpaceX didn't immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75 trillion, people familiar with the matter have said. The company acquired Musk's artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25 trillion. In a confidential filing, companies can receive feedback from the regulator and make changes before the information becomes public. Details of the offering including the number of shares to be sold and the price range are expected to be disclosed in a later filing. A listing for SpaceX would raise as much as $75 billion, Bloomberg News has reported. At that size, it would dwarf the current record holder, Saudi Aramco's $29 billion debut in 2019. SpaceX is telling prospective IPO investors to expect briefings from company executives this month, people familiar with the matter have said. The so-called testing-the-waters investor meetings would potentially include more detail that would support its valuation target. The company has lined up Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley for senior roles on the IPO, people familiar with the matter have said, and has added more banks to the lineup. SpaceX is also working with international banks, who are looking after taking IPO orders in specific regions, with Citigroup coordinating their roles, people familiar with the matter have said. Barclays Plc is in charge of the UK and Deutsche Bank AG and UBS Group AG are working on European orders, they said. Royal Bank of Canada is managing share orders from Canada, Mizuho Financial Group Inc. is working on Asia orders and Macquarie Group Ltd. is focused on Australia, Bloomberg News has reported. The company is considering a dual-class share structure in the listing that would potentially give insiders such as Musk extra voting power to dominate decision making. The IPO is expected to have a large retail component, with SpaceX potentially allocating as much as 30% of the offering to small investors, a person familiar with the matter has said. The world's most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit. The company is focused on building out a base on the moon before pursuing its long-held mission of sending humans to Mars, Musk has said. SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of thousands of satellites that serves millions of customers. The company's rocket launch program and Starlink satellites generate the majority of revenue, approaching $20 billion in 2026, with xAI likely to generate less than $1 billion, according to Bloomberg Intelligence.
SpaceX has filed confidentially for IPO ahead of AI rivals
SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing. The company submitted its draft IPO registration to the US Securities and Exchange Commission, the people said, asking not to be identified as the information isn't public. The filing puts it on track for a June listing, which would make SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. A representative for SpaceX didn't immediately respond to a request for comment. SpaceX could seek a valuation in the IPO of more than $1.75 trillion, people familiar with the matter have said. The company acquired Musk's artificial intelligence startup xAI in a deal that valued the enlarged entity at $1.25 trillion. In a confidential filing, companies can receive feedback from the regulator and make changes before the information becomes public. Details of the offering including the number of shares to be sold and the price range are expected to be disclosed in a later filing. A listing for SpaceX would raise as much as $75 billion, Bloomberg News has reported. At that size, it would dwarf the current record holder, Saudi Aramco's $29 billion debut in 2019. SpaceX is telling prospective IPO investors to expect briefings from company executives this month, people familiar with the matter have said. The so-called testing-the-waters investor meetings would potentially include more detail that would support its valuation target. The company has lined up Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley for senior roles on the IPO, people familiar with the matter have said, and has added more banks to the lineup. SpaceX is also working with international banks, who are looking after taking IPO orders in specific regions, with Citigroup coordinating their roles, people familiar with the matter have said. Barclays Plc is in charge of the UK and Deutsche Bank AG and UBS Group AG are working on European orders, they said. Royal Bank of Canada is managing share orders from Canada, Mizuho Financial Group Inc. is working on Asia orders and Macquarie Group Ltd. is focused on Australia, Bloomberg News has reported. The company is considering a dual-class share structure in the listing that would potentially give insiders such as Musk extra voting power to dominate decision making. The IPO is expected to have a large retail component, with SpaceX potentially allocating as much as 30% of the offering to small investors, a person familiar with the matter has said. The world's most prolific rocket launcher, SpaceX dominates the space industry with its Falcon 9 rocket that lifts satellites and people to orbit. The company is focused on building out a base on the moon before pursuing its long-held mission of sending humans to Mars, Musk has said. SpaceX is also the industry leader in providing internet services from low-Earth orbit through Starlink, a system of thousands of satellites that serves millions of customers. The company's rocket launch program and Starlink satellites generate the majority of revenue, approaching $20 billion in 2026, with xAI likely to generate less than $1 billion, according to Bloomberg Intelligence.
SpaceX registers to take rocket maker public in blockbuster IPO, Bloomberg News reports
April 1 (Reuters) - Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, setting the stage for what could become the largest stock market listing on record, Bloomberg News reported on Wednesday. A public listing at a potential valuation of more than $1.75 trillion would signal that space exploration has moved from speculative venture to a mainstream investment theme. SpaceX's growth has been driven by its reusable rockets and the Starlink satellite internet network. The filing comes after SpaceX merged with Musk's artificial intelligence startup xAI in a deal that valued the rocket company at $1 trillion and the developer of the Grok chatbot at $250 billion. Musk, the world's richest person, runs a sprawling business empire that spans electric vehicles at Tesla, space launch, satellite broadband, AI and social media. "Investors could use a sum-of-the-parts analysis, but, like with Tesla, SpaceX's valuation could very much fluctuate wildly based off how much the public believes in Musk's vision," said Angelo Bochanis, data and index associate at Renaissance Capital, a provider of IPO-focused research and ETFs. "So far, investors seem to be clamoring for any sort of exposure to SpaceX." LARGEST IPO EVER The Starbase, Texas-headquartered firm could seek to raise more than $50 billion in the IPO, handily surpassing the 2019 flotation of Saudi Aramco, which remains the largest IPO on record. A blockbuster SpaceX debut could jolt the IPO market back to life after years of subdued activity, with market participants expecting strong demand from both retail and institutional investors, some drawn by Musk's brand and others seeking exposure to SpaceX's fast-growing space and satellite businesses. SpaceX is the world's most valuable privately held company, based on the valuation implied by its merger deal with xAI. The rocket startup was last valued at about $800 billion in a secondary share sale independently. Several other high-profile startups, including ChatGPT maker OpenAI and rival Anthropic, are also said to be weighing large IPOs, setting up a broader test of investor appetite for new listings. Many large startups have remained private for longer, tapping deep pools of capital in private markets, but a listing by a company such as SpaceX could encourage more of them to pursue public offerings. 'MUSKONOMY' A listing would deepen analyst and investor scrutiny of "Muskonomy" -- the billionaire's sprawling business empire and intertwined fortunes -- bringing renewed focus to how his companies are financed, governed and valued across markets.
Anthropic Could Trigger a 'Machine Speed Cyberwar.' Buy CrowdStrike Stock to Profit.
The CrowdStrike logo on an office building by bluestork via Shutterstock Amidst significant volatility, CrowdStrike (CRWD) stock has trended higher by 9% in the last 52 weeks. But this provides investors with an incomplete picture from the perspective of stock price action. Back in November 2025, CRWD stock touched a high of $566.90. From that level, the stock has seen a steep correction of 31%, largely on the back of an overreaction to the impact of AI on the cybersecurity industry. As market participants analyze these developments, however, it's relatively clear that CrowdStrike will continue to grow and create value. According to Wedbush, the growth in AI has translated into a major catalyst for the cybersecurity industry. CrowdStrike already has AI security as an integral part of its Falcon platform. Wedbush estimates that cybersecurity will likely be 10% of IT budgets in the coming years from 5% currently. This will benefit industry leaders like CrowdStrike, Palo Alto Networks (PANW), and Zscaler (ZS), among others. Wolfe Research also recently upgraded CrowdStrike to an "Outperform" rating with a price target of $450 on the back of AI benefits. As markets look beyond the initial knee-jerk reaction for CRWD stock, there seems to be potential for growth and stock upside. Founded in 2011 and headquartered in Austin, Texas, Crowdstrike provides cybersecurity solutions both in the United States and internationally. The company claims to have one of the most advanced cloud-native platforms for the protection of endpoints and cloud workloads, identity and data. Currently, CrowdStrike offers 33 cloud modules on its Falcon Platform through the SaaS model. CrowdStrike ended the fourth quarter with a record annual recurring revenue (ARR) of $5.25 billion, which was higher by 24% on a year-over-year (YOY) basis. Importantly, during the year, the company achieved $1 billion in net new ARR. With an ever-expanding market for cybersecurity products, CrowdStrike is positioned for sustained growth. For calendar year 2026, the company expects the total addressable market to be $149 billion. Further, the TAM is expected to expand to $325 billion by the end of the decade. Despite this swelling opportunity, CRWD stock has declined by 21% in the last six months. With impending benefits from AI growth, CRWD stock seems attractive. For fiscal 2027, CrowdStrike provided healthy ARR guidance of $6.5 billion. Further, the company expects total revenue of $5.9 billion. A free cash flow margin in the range of 34% to 38% will ensure strong financial flexibility for organic and acquisition-driven growth. It's worth noting that the company already announced two acquisitions in early 2026 (Seraphic and SGNL). With healthy cash flows, further acquisitions are likely. At the same time, CrowdStrike has guided for research and development expenses in the range of 15% to 20% of the revenue. Continued platform innovation will ensure that ARR swells further in the coming years. Another important point to note is that, for Q4 2026, the company reported 66% revenue from the United States. On the other hand, Asia Pacific revenue accounted for just 11% of total revenue. Accordingly, there is ample scope for growth in emerging markets like Asia, Latin America, and Africa. Based on 48 analysts with coverage, CRWD stock has a consensus "Moderate Buy" rating. While 32 analysts have a "Strong Buy" rating, three analysts have a "Moderate Buy," 12 analysts have a "Hold" rating, and one analyst believes that the stock is a "Strong Sell." The mean price target of $491.48 represents potential upside of about 25% from current levels. Further, the most bullish price target of $706 suggests that CRWD stock could climb 70% from here. All told, Crowdstrike stock remaining sideways in the last 52 weeks seems like a good buying opportunity. With analysts expecting earnings growth of 2,625% for fiscal 2027 and 67% for fiscal 2028, the stock is likely to breakout in the upside.
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MP News: Chaos Hits Chickpea Procurement In Bhikangaon
Bhikangaon (Madhya Pradesh): Poor logistics and technical glitches disrupted chickpea procurement in Bhikangaon, leaving farmers stranded and produce exposed. Nearly 650 quintals of chickpea purchased over the past two days are lying in the open as authorities have not arranged transport to move the stock to warehouses. More than 25 vehicles remained stuck in the mandi throughout the day, adding to farmers' distress and financial burden. Server slowdowns and repeated technical failures disrupted biometric verification, delaying bill generation for many farmers. Farmers said they are incurring extra freight charges and overnight expenses due to the delays. The Marketing Society deployed additional guards to prevent theft amid the chaos. Tehsildar Ravindrasinh Chauhan visited the mandi to inspect the situation and assured that he would report the issues to senior officials. Farmers, including Lokesh Kanhaiyalal and Radheshyam, highlighted hardships caused by failed biometric verification and transport shortages. Elderly and ailing farmers waited for hours, while others spent thousands of rupees on additional costs. Farmers urged authorities to streamline server operations and ensure timely transport to prevent further losses.
SpaceX IPO in June? Expected Valuation Could Top $1.75 Trillion
SpaceX is reportedly expected to go public as soon as June, with multiple news outlets pointing to a potential valuation that could exceed $1.75 trillion. No official filing or company announcement has confirmed the listing, but a trail of reporting from Bloomberg, the Financial Times, and Reuters has steadily built the case that Elon Musk's space venture is moving toward a public market debut that would rank among the largest IPOs in history. On January 28, 2026, Reuters reported that the Financial Times said SpaceX was weighing a mid-June IPO aiming to raise as much as $50 billion at roughly a $1.5 trillion valuation. Reuters noted at the time that it could not independently verify the Financial Times report and that SpaceX did not respond to a request for comment. A month later, on February 27, 2026, Reuters reported that Bloomberg said SpaceX could seek an IPO valuation of more than $1.75 trillion and could file confidentially as soon as March. Reuters added that its own sources indicated an IPO was likely in June, but that plans could still change and the listing could be delayed. The June timeline and the valuation target are expectations based on anonymous-source reporting, not confirmed facts. No public SEC registration statement or official SpaceX press release has locked in either figure. Separately, TechCrunch reported that SpaceX's December 2025 secondary sale implied an approximately $800 billion valuation, meaning the reported IPO target would represent more than a doubling from the last known private-market price. Musk himself offered indirect confirmation in December 2025, posting on X that journalist Eric Berger's SpaceX IPO reporting was accurate. Source: @elonmusk on X That post is the closest thing to an official statement from SpaceX leadership, though it does not specify a date, valuation, or deal structure. A valuation above $1.75 trillion would place SpaceX among the five or six most valuable companies on any global exchange at the time of listing. For context, that figure exceeds the current market capitalizations of most major financial institutions and all but a handful of technology firms. The earlier reported target of roughly $1.5 trillion was already unprecedented for a company going public. The upward revision to more than $1.75 trillion, according to unconfirmed Bloomberg reporting cited by Reuters, suggests that investor appetite in private secondary markets has continued to grow. A potential capital raise of up to $50 billion would be the largest IPO in history by proceeds, surpassing Saudi Aramco's 2019 listing. That scale of capital formation in a single event would draw attention from every corner of the institutional investment world. The jump from the approximately $800 billion December secondary-sale valuation to a potential IPO north of $1.75 trillion also signals how much of the expected value hinges on Starlink, SpaceX's satellite internet division. Starlink's recurring revenue model gives public-market investors a more familiar framework for valuation than rocket launches alone. A SpaceX listing at this scale would likely pull significant capital allocation attention away from other growth-stage investments. Institutional funds preparing to participate in a $50 billion raise would need to rebalance positions across technology, aerospace, and high-growth allocations. The broader effect on risk appetite is harder to predict but worth watching. Mega-IPOs historically signal confidence in equity markets, and a successful SpaceX debut could encourage other large private technology companies to accelerate their own public listings. At a time when Federal Reserve officials have warned about supply shocks and inflation risks, a blockbuster IPO would test whether investor enthusiasm can coexist with tighter monetary conditions. For crypto markets specifically, the connection is indirect but real. Large technology IPOs tend to amplify risk-on sentiment across speculative asset classes. When institutional capital flows toward high-growth equity bets, retail and crossover investors often show increased appetite for digital assets as well. The recent expansion of crypto trading access, including eToro securing a New York crypto license to expand trading across 48 U.S. states, positions the digital asset market to absorb spillover interest if a SpaceX IPO fuels broader enthusiasm. However, the relationship is correlational, not causal. A SpaceX IPO would not directly move token prices, and readers should not treat the listing as a crypto catalyst without additional evidence. The gap between reported expectations and a completed IPO remains wide. A confidential filing, which Bloomberg reported could come as early as March, would not be publicly visible and would still require SEC review before any shares trade. Market conditions are the most obvious variable. Equity markets in mid-2026 face uncertainty around interest rate policy, with recent employment data keeping open the possibility that the Fed could hold rates steady or even raise them. A sharp equity selloff between now and June could force SpaceX to delay or reprice the offering. Regulatory scrutiny adds another layer. SpaceX operates in a sector with significant government contracts and national security implications. Any IPO filing would face detailed review of related-party transactions, government dependency, and Musk's role across multiple companies including Tesla and X. Reuters itself noted that plans could still change and that the listing could be delayed. The history of large anticipated IPOs includes numerous examples of companies that postponed or restructured offerings in response to shifting conditions. Valuation expectations are also subject to revision. The reported jump from $1.5 trillion to more than $1.75 trillion over the course of a single month shows how fluid the numbers remain before a formal price range is set. Final pricing will depend on investor demand during the roadshow, which has not been publicly scheduled. When is SpaceX expected to go public? Multiple reports point to June 2026 as the target window. Reuters reported in February that sources indicated a June listing was likely, but also cautioned that the timeline could shift. No official date has been announced. What valuation is being reported? Bloomberg, as cited by Reuters, reported that SpaceX could seek a valuation exceeding $1.75 trillion. An earlier Financial Times report had placed the target at roughly $1.5 trillion. Neither figure has been confirmed by SpaceX. Has SpaceX filed with the SEC? As of early April 2026, no public SEC registration statement for a SpaceX IPO has appeared. Bloomberg reported that a confidential filing could have been submitted as early as March, but confidential submissions are not publicly visible until at least 15 days before a roadshow begins. How much could SpaceX raise? The Financial Times report cited by Reuters indicated the IPO could raise as much as $50 billion, which would make it the largest IPO by proceeds in history. Why does this matter for broader markets? A listing at this scale would be the largest technology IPO ever and could significantly influence institutional capital allocation, risk sentiment across equities, and appetite for high-growth investments in the months surrounding the offering. Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
SpaceX files confidentially for IPO, eyes June listing at $1.75 trillion valuation
The offering could value SpaceX at more than $1.75 trillion and raise up to $75 billion, making it the biggest IPO on record. SpaceX has confidentially filed for an initial public offering, moving Elon Musk's rocket and satellite company closer to what could become the largest listing in history, according to a Bloomberg report. The filing is the clearest step yet in an IPO process that had already been signaled through earlier reports on timing, bank mandates, and fundraising targets. Bloomberg reported in late February that SpaceX was weighing a confidential filing as soon as March and could seek a valuation of more than $1.75 trillion. It later reported that Citigroup had joined Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley in senior underwriting roles, before saying last week that the company was discussing an IPO that could raise about $75 billion. The latest report says SpaceX has now submitted draft registration documents to the US Securities and Exchange Commission, putting the company on track for a possible June listing. That filing comes just weeks after Musk combined SpaceX with xAI in an all-stock deal that valued SpaceX at $1 trillion and xAI at $250 billion, creating an enlarged entity valued at $1.25 trillion. If completed near the reported size, the offering would eclipse Saudi Aramco's $29 billion 2019 debut by a wide margin. SpaceX generated about $8 billion in profit on as much as $16 billion in revenue last year, with Starlink serving as a major growth engine as the company expands beyond launch services into satellite internet and artificial intelligence-related infrastructure.
SpaceX Files Confidentially for IPO, Reports Say
Elon Musk is officially taking SpaceX public, Bloomberg reported on Wednesday. SpaceX filed confidentially for an IPO with the U.S. Securities and Exchange Commission, according to the outlet, citing people familiar with the matter. A confidential filing helps the company seek regulatory approval first before presenting the information to public scrutiny. That means information is still unavailable on SpaceX's financials and the price range it's gunning for with the IPO until the SEC makes it public. SpaceX could be seeking a valuation of more than $1.75 trillion, the sources told Bloomberg, which would make the public offering one of the largest IPOs in history. The company is expecting to raise more than $75 billion in the offering, according to a recent The Information report. If all goes as expected, that would place it among a small group of IPOs worldwide to have raised more than $20 billion and shatter the previous record set by oil giant Saudi Aramco, which raised $29.4 billion in 2019. The company, which as of February is the amalgamation of both SpaceX and xAI, is reportedly on track for a June listing on the stock market. A Reuters report from this week said that it was working with a whopping 21 different banks for the IPO. Musk founded SpaceX in 2002. Roughly 20 years later, he founded xAI in 2023 with a group of 11 engineers, all of whom had left as of this past weekend, as Musk undertakes an organizational restructuring after merging the AI company with SpaceX. Currently, SpaceX is the largest private space company in the U.S., but the IPO would have make-or-break implications for more than just the space industry. It is also deeply linked to AI hype, and not just through xAI's Grok. SpaceX is planning to use the IPO to fund its incredibly expensive plans to put data centers in space. Musk announced the company's first major steps towards achieving that goal earlier this month. In February, SpaceX filed an FCC application to launch an orbital data center constellation of up to 1 million Starlinks. Musk's two companies, SpaceX and Tesla, are planning to build a giant chip factory in Austin, Texas, to make inference chips for Tesla's cars and robots, and high-powered chips to be used in space. The plan will put significant financial strain on the company that previously reported that it is shelling out more than $20 billion this year, without factoring in the giant chip factory it’s building in Texas or its solar factory projects. SpaceX is also only the first of three major AI-related IPOs expected this year. Rival AI giants Anthropic and OpenAI are also both reportedly planning to go public later this year. Investors are already visibly more wary of AI hype and the large financial commitments from tech giants, with even a once stock-driving event like Nvidia's GTC causing only a small move in the company's shares in March. How these three IPOs will actually be received by the market later this year will likely either save the AI trade or be the nail in its coffin.
