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SpaceX lines up Wall Street banks as Musk eyes blockbuster IPO

US aerospace tech company reportedly held talks last year over private share sale that values business at $800bnElon Musk’s SpaceX is reportedly lining up four Wall Street banks to help the company list on the stock market as investors prepare for an expected rush of US tech listings.SpaceX is considering Bank of America, JP Morgan, […]

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‘I’m picking winners’: UK business secretary takes activist approach to economic growth

AI evangelist Peter Kyle wants to scale up businesses, attract overseas investors and look out for UK’s poorer regionsThe UK business secretary, Peter Kyle, has said he is “betting big” and “picking winners” as the government takes direct stakes in growing businesses to boost economic growth.Speaking at the World Economic Forum in Davos, where he

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Dispatch from Davos: hot air, big egos and cold flexes

This story first appeared in The Debrief, our subscriber-only newsletter about the biggest news in tech by Mat Honan, Editor in Chief. Subscribe to read the next edition as soon as it lands. It’s supposed to be frigid in Davos this time of year. Part of the charm is seeing the world’s elite tromp through the

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Ubisoft cancels projects and announces restructure in fight to stay competitive

Video game publisher to cancel Prince of Persia remake and close studios after several difficult yearsThe video game publisher behind the Assassin’s Creed series has cancelled six projects including a remake of Prince of Persia: The Sands of Time as it fights to stay competitive in the global gaming market.Ubisoft announced a sweeping reorganisation and

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Exclusive: Cambio Lands $18M At $100M Valuation For AI-Powered Commercial Real Estate Software

Cambio, a startup that has built AI-powered commercial real estate software for institutional investors, has raised $18 million in a Series A round at a $100 million valuation, it tells Crunchbase News exclusively. Maverick Ventures led the financing, which included participation from Y Combinator, Adverb and angel investors from OpenAI, Anthropic and Notion, among others. Founded in

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The year of the ‘hectocorn’: the $100bn tech companies that could float in 2026

OpenAI, Anthropic, SpaceX and Stripe are rumoured to be among ten of the biggest companies considering IPOsYou’ve probably heard of “unicorns” – technology startups valued at more than $1bn – but 2026 is shaping up to be the year of the “hectocorn”, with several US and European companies potentially floating on stock markets at valuations

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Rollout of AI may need to be slowed to ‘save society’, says JP Morgan boss

Jamie Dimon warns of civil unrest but Nvidia’s Jensen Huang argues tech will create rather than destroy jobsJamie Dimon, the boss of JP Morgan, has said artificial intelligence “may go too fast for society” and cause “civil unrest” unless governments and business support displaced workers.While advances in AI will have huge benefits, from increasing productivity

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