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SpaceX’s CFO Is the Quiet VIP of a Wild IPOThe Big Read

SpaceX’s CFO Is the Quiet VIP of a Wild IPO

Over the last few months, SpaceX’s chief financial officer, Bret Johnsen, has been trying to pull off an intense two-part challenge: Fold xAI into SpaceX—the biggest merger ever—and then take the combined company public at $75 billion in the largest IPO ever. Johnsen, 57, has gotten it done by keeping his customary cool. Inside SpaceX, colleagues say he’s less prone to getting worked up than other executives like CEO Elon Musk and President Gwynne Shotwell, and compared to those...

Exclusive: Tesla Pushes Roadster Demo to August

It’s the latest delay for the unveiling of Tesla’s first vehicle debut in nearly two years.

Reid Hoffman to Depart Microsoft Board

Microsoft said Hoffman will continue to serve on its board until its next annual shareholder meeting.

Nvidia CEO Returns to South Korea as AI Memory Runs Short

Jensen Huang’s second visit in seven months shows South Korea’s growing importance to Nvidia as booming AI demand strains supplies of memory chips

U.S. Officials Said to Discuss Taking Stakes in AI Companies

Discussions are preliminary and details are in flux, the publication Notus reported.

S&P 500 Won’t Make Change That Would Have Fast-Tracked SpaceX

The changes would almost certainly have helped SpaceX, as well as other highly-valued IPO candidates Anthropic and OpenAI, join the S&P 500 faster.

Brian Chesky in Talks to Back New AI Lab

The lab will aim to develop models with a possible design focus, according to a Bloomberg report.

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Exclusive: Nadella Rebukes Microsoft Executive’s Plan to Make Users “Addicted” to AI Agents

Nadella's message came in response to media reports about a leaked Microsoft memo advocating to “make people addicted” to its new AI agent.

Bipartisan AI Regulatory Framework Released That Would Override Some State Rules

Reps. Jay Obernolte (R-Calif.) and Lori Trahan (D-Mass.) unveiled the bill on Thursday.

Pinterest Commits to Using Trainium Chips, Spend $4 Billion with AWS

Pinterest will use the AI chips to power its visual discovery engine

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