SpaceX targets $1.5 trillion valuation in potential June IPO
SpaceX is reportedly eyeing a June IPO to raise at least $50 billion, aiming for a $1.5 trillion valuation to fund its Starship rocket development.
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390 storiesAllbirds to close nearly all its physical stores by February
Allbirds is closing almost all of its physical stores by the end of February, leaving just two U.S. outlet locations and two full-price stores in London open.
Amazon shifts retail strategy as it cuts 16,000 corporate roles
Amazon is cutting 16,000 corporate jobs, its second major reduction in three months, while simultaneously pivoting its physical retail strategy toward Whole Foods expansion.
Shadowfax shares fall on market debut amid client concentration fears
Shadowfax shares fell about 9% on its market debut, as investors weighed concerns about the logistics firm’s heavy reliance on a small group of large e-commerce clients.
Amazon to close branded stores, focus on Whole Foods expansion
Amazon is closing its branded Amazon Go and Amazon Fresh stores to prioritize Whole Foods expansion and licensing its "Just Walk Out" technology to third parties.
Pinterest to cut workforce by less than 15% to focus on AI
Pinterest plans to lay off less than 15% of its workforce by late September, reallocating resources toward AI-focused roles and products.
Vinod Khosla disavows partner Keith Rabois’ ICE shooting remarks
Khosla Ventures founder Vinod Khosla and partner Ethan Choi publicly disavowed partner Keith Rabois’ comments regarding an ICE shooting, raising questions about potential cap table fallout.
Tesla kills Autopilot as regulatory pressure mounts
Tesla has discontinued its Autopilot system amid regulatory scrutiny, while the National Transportation Safety Board has launched an investigation into Waymo robotaxis for safety violations.
Bending Spoons: the $11 billion firm behind Vimeo’s layoffs
Milan-based Bending Spoons, now valued at $11 billion, is aggressively acquiring tech firms like Vimeo, where it recently initiated sweeping layoffs amid reports of a potential IPO.
Apple hits record 9% market share in India as sales grow
Apple shipped about 14 million iPhones in India in 2025, capturing a record 9% market share even as the broader smartphone market remained largely flat.
OpenAI's Sam Altman plans India visit for AI summit
OpenAI CEO Sam Altman is planning a mid-February visit to India, where the company is planning to host closed-door meetings alongside the India AI Impact Summit 2026.
Anduril to build 1.18 million sq ft campus in Long Beach
Anduril is expanding its Southern California footprint with a new 1.18 million square foot campus in Long Beach, which is expected to eventually support about 5,500 jobs.
OpenAI reorganizes leadership to combat declining enterprise share
OpenAI has appointed Barret Zoph to lead enterprise sales as it attempts to reverse a decline in market share against competitors like Anthropic and Google.
Vimeo begins global layoffs following Bending Spoons acquisition
Vimeo is laying off a large portion of its global staff following its $1.38 billion acquisition by Italian tech conglomerate Bending Spoons.
General Motors shifts production to U.S. factory in Kansas
General Motors is shifting vehicle production from China and Mexico to a U.S. factory in Kansas, citing new tariff policies and the end of federal EV tax credits.
General Fusion to go public via $1B SPAC merger
General Fusion will go public via a SPAC merger valuing the company at about $1 billion, aiming to secure up to $335 million to reach scientific breakeven by 2028.
Under Armour investigates data breach claims
Under Armour is investigating a potential data breach after a ransomware group claimed responsibility, though the company disputes the scale of sensitive information compromised.
PhonePe updates IPO filing as major investors prepare to exit
PhonePe has updated its IPO prospectus, with Tiger Global and Microsoft planning full exits while Walmart retains its majority stake in the Indian payments company.
Blinkit chief to lead Eternal as Deepinder Goyal shifts focus
Deepinder Goyal is stepping down as CEO of Eternal, handing the role to Blinkit chief Albinder Dhindsa as the company pivots toward its quick-commerce division.
Amagi Media Labs shares slide in India market debut
Amagi Media Labs raised about $196 million in an Indian IPO, with shares sliding in their debut as the company pushes to move broadcasters to the cloud.