OpenAI is considering a 2027 IPO delay after Sam Altman rejected any valuation below $1 trillion, sending SoftBank’s market cap down $38 billion on the news.
Category: Markets
Posted inMarkets
Eli Lilly climbs 7% as EU regulators back Jaypirca across all CLL treatment lines
Shares in Eli Lilly rose 7.13% to $1,208.12 on June 26 after the EMA’s committee recommended approving pirtobrutinib for chronic lymphocytic leukemia across all treatment lines.
Posted inMarkets
SK Hynix targets $29 billion Nasdaq listing to fund AI memory expansion
South Korea’s SK Hynix filed to list ADRs on Nasdaq on 10 July, seeking to raise roughly $29 billion in what would rank among the largest US share offerings on record.
Posted inMarkets
Micron guides Q4 revenue to $50 billion as AI memory demand outruns supply
Micron reported Q3 FY2026 revenue of $41.46 billion — smashing guidance by $8 billion — and guided Q4 to $50 billion as AI memory demand outpaces chip supply.
Posted inMarkets
KOSPI tumbles nearly 10% as South Korea’s AI semiconductor rally cracks
South Korea’s KOSPI fell 9.99% on June 23, triggering a circuit breaker absent since the 2020 COVID crash, as SK Hynix and Samsung each lost more than 12% in a single session.
Posted inMarkets
Coinbase lists Anthropic and OpenAI pre-IPO perpetuals as $1.8 trillion AI IPO wave looms
Coinbase launched Anthropic and OpenAI pre-IPO perpetuals on June 22, giving non-US traders a public route to bet on AI labs valued at a combined $1.817 trillion.
Posted inMarkets
SpaceX stock falls 18% from its record high as IPO euphoria cools
SpaceX stock (SPCX) has retreated 18% from its $225.64 all-time high as rate-hike fears and the $60 billion Cursor acquisition weigh on the post-IPO rally.
Posted inMarkets
Crypto platforms promised SpaceX IPO access. No shares were delivered.
Binance, Bybit, Bitget, and MEXC refunded hundreds of millions in customer funds after their SpaceX tokenized stock campaigns collapsed on IPO day, exposing the limits of blockchain equity access.
Posted inMarkets
Oil rebounds toward $80 as Iran-US talks in Geneva collapse without a signing
Brent crude settled near $80 on June 19 after Washington pulled Vice President Vance from planned Iran talks in Switzerland, reviving uncertainty over whether the 14-point ceasefire deal will hold.
Posted inMarkets
Intel stock leaps 10.6% as Trump announces Apple chip manufacturing deal
Intel shares jumped 10.6% on June 18 after President Trump announced Apple and Intel would work together on US chip design and manufacturing.