OpenAI has lost more than a dozen executives since the start of 2026, and the latest departure — Chris Malone, the company’s head of data centers — has put the leadership exodus back in the spotlight. Malone, who joined in March 2024, left last week, according to a report from TechCrunch. OpenAI attributed the move […]
OpenAI has named Dali Rajic, former president and chief operating officer of cloud security firm Wiz, as its new chief revenue officer, replacing Denise Dresser after just nine months in the role. The appointment, announced Monday in a blog post by OpenAI president Greg Brockman, is the latest in a series of leadership changes that […]
Brad Lightcap, one of OpenAI’s longest-serving executives, announced Tuesday that he is leaving the artificial intelligence company to “start something new,” marking the latest high-profile departure as the firm prepares for an initial public offering of industry-wide significance. In an internal message shared publicly, Lightcap told OpenAI staff it was “bittersweet to share that I’ll […]
South Korean memory chip giant SK Hynix filed plans Monday to sell nearly 17.8 million shares in a U.S. initial public offering, opening a direct route for American investors to bet on the same AI-driven demand that has lifted rival Micron to a trillion-dollar valuation. SK Hynix plans to sell nearly 17.8 million American depositary […]
Former Tether chief investment officer Richard Heathcote is seeking to sell a portion of his 1.26% stake in the stablecoin issuer, according to a Bloomberg report citing sources familiar with the matter. The planned transaction could provide a rare public window into ownership of Tether, one of the most profitable and privately held companies in […]
Former Sequoia Capital managing partner Roelof Botha has joined SpaceX’s board of directors, the company disclosed in a Securities and Exchange Commission filing on Wednesday. The appointment fills an existing vacancy and comes less than a week after SpaceX completed the largest initial public offering in history. Former Sequoia Capital managing partner Roelof Botha has […]
SpaceX began trading on the Nasdaq on June 12, 2026, in the largest initial public offering in history. The company priced 555.6 million shares at $135 each, raising $75 billion and making CEO Elon Musk the world’s first trillionaire on paper. By 2:30 pm ET on its first full day of trading, shares had climbed […]
SpaceX is set to go public on Friday with a $75 billion stock offering that is reportedly deeply oversubscribed, with some institutional investors committing as much as $10 billion for a piece of Elon Musk’s empire. But beneath the excitement lies a sobering reality: the company’s bankers have valued it at nearly $1.8 trillion, a […]
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