Morningstar estimated that the value of Elon Musk-led SpaceX's shares is $63, a 53% discount to the $135 value assigned to them in the world's largest-ever IPO. Morningstar created 'moonshot', 'no go' and 'minimum viable product' scenarios for SpaceX's plan to put AI data centres in space. It gave the scenarios a 7%, 43% and 50% chance of happening, respectively.

Founders Fund, the venture capital firm led by Peter Thiel, invested about $600 million in SpaceX through multiple funding rounds spread over nearly two decades. At SpaceX's IPO price of $135 per share, that holding is now worth more than $50 billion, according to Bloomberg. The IPO values SpaceX at $1.77 trillion, making it the US' seventh most-valued company.

SpaceX raised $75 billion through the sale of shares priced at $135 each ahead of its stock market debut on Friday. The offering values the company at nearly $1,800,000,000,000 ($1.8 trillion). Already the world’s richest person, Elon Musk is expected to become the first individual with a net worth exceeding $1 trillion if the company’s shares perform strongly after listing.

Jeff Bezos' new AI startup Prometheus has secured fresh funding at a valuation of $41 billion. The company raised $12 billion from investors including JPMorgan, Goldman Sachs, BlackRock and Bezos. The startup develops AI models and tools to support the design and manufacturing of products across industries such as computing and aerospace. It currently has about 150 employees.

The Karnataka government has approved four innovation and biotech initiatives worth ₹27.19 crore to boost startups, research and deeptech. It includes a startup accelerator in Mangaluru, an industry-academia partnership programme, development of a neurosurgery-focused surgical robot, and expansion of biotechnology and genome-editing infrastructure. It aims to support innovation and development.

Bengaluru-based space startup SatSure Analytics secured a ₹24.6 crore grant from the country's space regulator to develop AI models for Earth observation. It is among the three startups selected by the Indian National Space Promotion and Authorisation Centre (IN-SPACe) for funding under its Technology Adoption Fund scheme. SatSure was shortlisted for funding after a multi-stage evaluation process.

OpenAI on Thursday said it will acquire Ona, a startup that offers secure cloud environments for AI agents to access tools, systems and context. The company said Ona's technology will help its coding assistant Codex handle longer-running tasks and support wider deployment of AI agents. Ona's team will join OpenAI's Codex division after the deal closes.

SpaceX revealed that it'll sell 55.56 crore shares at $135/share (nearly ₹12,900) to raise $75 billion (₹7.15 lakh crore) in the biggest share debut of all time. The IPO values SpaceX at $1.77 trillion, making it US' seventh most-valued company. The IPO of SpaceX, which warned investors it may not be profitable in future, will launch on Friday (US time).

OpenAI is looking into significantly reducing prices for tokens on its AI models as it faces competition from rival AI firm Anthropic, the Wall Street Journal reported, citing sources. The firm is reportedly planning the price reduction in anticipation of similar cuts by Anthropic. OpenAI CEO Sam Altman earlier said that rising AI costs were a "huge issue".

Tata Consultancy Services (TCS) and AI firm Anthropic on Thursday announced a partnership to drive enterprise AI scaling. As part of the partnership TCS will provide its 50,000 employees across engineering, finance, legal and marketing with access to Anthropic's Claude. TCS will also establish a dedicated unit to develop AI expertise around the Claude family of models through early access.