The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.

The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […]

Equal AI said that its AI-powered call assistant now has over a million monthly active users.

SpaceX alumni Andrew Redd is betting the ocean has vast amounts of untapped geothermal energy.

AI coding agent startup Niteshift has raised a $7 million seed round from a who's who of angels. It's betting companies will want power over, not lock-in with model makers.

The funding round was led by Norwest, with participation from S Capital VC, Cerca Partners, and Oceans Ventures. Snowflake Ventures also participated as a strategic investor.

A Los Angeles-based startup has raised $5 million to fund an in-orbit computing demonstration next year, ahead of plans to deploy more than 100,000 orbital data centers to meet surging demand for AI infrastructure.

The post Orbital raises $5 million to join orbital data center race appeared first on SpaceNews.

Ambrosia Energy wants to build power plants in less than 12 months while undercutting natural gas. It hopes to build gigawatts' worth by 2030.

Instead of spending a year raising a formal venture fund, the Sabertooth VC founder used a captive network of LPs to invest in startups like Anthropic, Anduril, and SpaceX.

SAN FRANCISCO – NewOrbit Space, a UK startup developing satellites for very low Earth orbit (VLEO), has raised $18.5 million in a Series A investment round. With the funding, announced […]

The post UK startup NewOrbit raises $18.5 million in Series A round appeared first on SpaceNews.

Once rare beasts, billion-dollar startups are multiplying across new orbital markets.

The post Rounding up the space unicorns appeared first on SpaceNews.

Apex has raised more than $200 million to expand in-house satellite production capabilities, announcing a funding round June 5 it says nearly doubled the four-year-old manufacturer’s valuation to $2.3 billion.

The post Satellite maker Apex’s valuation rises to $2.3 billion after latest $200 million raise appeared first on SpaceNews.

ChatGPT goes with heartwarming retro vibes to sell a product that has become a source of concern for most Americans.

It's difficult to know the true state of the Russian economy, both because the country's financial reporting is sparse and because official figures are unreliable. But things probably aren't great.

This week, Sweden's minister of foreign affairs, Maria Malmer Stenergard, shared her country's assessment that the Russian economy has likely contracted over the last five years amid the war in Ukraine. Inflation is also high, and international sanctions have cost Russia $450 billion since the onset of the war in February 2022. Russia's economy is currently smaller than that of Texas, Stenergard said.

By most measures, then, the economy is not in tip-top shape. Moreover, the war is draining a large amount of the country's financial resources, with defense spending reaching a post-Soviet record of about 7 percent of government spending.

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One super PAC is allied with Anthropic. The other is tied to OpenAI. They’re both spending millions to influence this year’s elections.

What an A.I.-generated video of the former reality TV star teaches us about the future of political ads.

There is a certain kind of discomfort that comes from flipping through old magazines from the 1960s and 1970s. Not because they feel foreign, but because they don’t, entirely. The clothes changed. The hairstyles changed. The alcohol ads, though, reveal something rawer about that era than almost anything else on the page. They were weird […]