Anthropic is in talks to rent servers powered by Microsoft-designed chips amid rising demand for its AI services, The Information reported. In January, Microsoft unveiled the second generation of its in-house AI chip, Maia 200. Anthropic recently committed to spending $200 billion on Google Cloud services and computing chips over the next five years, as per reports.

Manus co-founders are looking to raise about $1 billion (over ₹9,600 crore) to comply with China's order to unwind Meta's acquisition of the AI startup, Bloomberg reported. The founders are discussing a funding round ⁠that would value the company at a level to ​match Meta's $2 billion deal. China blocked the acquisition in April 2026 citing national security concerns.

Quick commerce platform Zepto plans to launch its ₹11,000-crore IPO in July, stated reports. The Bengaluru-based startup, which secured approval from SEBI earlier this month for its maiden public issue, is now expected to submit its Updated Draft Red Herring Prospectus to the regulator. Zepto is aiming to list on the stock exchanges before July 31, added the reports.

Antonio Gracias, an Indian-origin investor and a longtime ally of Elon Musk, could make $128 billion (₹12 lakh crore) if SpaceX hits a $2 trillion valuation in its IPO. Gracias, along with his private investment firm Valor Equity Partners, controls a 7.3% stake in SpaceX, according to a filing. This makes Gracias the second-largest holder in SpaceX after Musk himself.

Elon Musk's xAI reported an operating loss of $6.36 billion (over ₹61,300 crore) in 2025, a surge of about 308% from $1.56 billion in 2024, SpaceX's IPO filings show. However, the company's revenue rose 22% YoY to $3.2 billion in 2025. xAI reported a $2.47-billion loss in 2026's first quarter, up 163.9% from the same quarter of the previous year.

Elon Musk's SpaceX is betting on five futuristic businesses to justify its blockbuster IPO valuation. These include Earth-to-Earth transit in 30 minutes, orbital manufacturing hubs, space tourism and asteroid mining. The company also plans to handle logistics and build the infrastructure needed to establish permanent human settlements on the Moon and Mars.

SpaceX, which recently filed IPO papers in US, said the process of identifying and recruiting Elon Musk's successor with the combination of skills and experience possessed by him could be lengthy and uncertain. "There can be no assurance that we would be able to attract or retain a suitable replacement in a timely manner or at all," SpaceX added.

The IPO papers filed by SpaceX for the world's largest IPO have revealed deep losses at the space-tech startup led by Elon Musk. The papers also reveal Musk's overarching control of SpaceX and his massive compensation plan tied to colonising Mars. They showed that xAI dragged SpaceX's profits and that Anthropic would pay $1.25 billion to Musk's startup every month.

OpenAI is preparing to confidentially file for a US initial public offering (IPO) in the coming weeks, Reuters reported. The ChatGPT-maker is aiming to go public as early as September and is ​working with Goldman Sachs and Morgan Stanley on a draft IPO prospectus. This development comes just a few days after OpenAI defeated Elon Musk in a recent trial.

Anthropic's revenue is set to more than double to $10.9 billion in April-June as it sees an "explosive rate of growth", WSJ reported. The Claude-maker disclosed the number to investors amid an ongoing funding round that's likely to make it more valuable than OpenAI. Anthropic, which wasn't expecting profits till 2028, is now set to record its first-ever profitable quarter.