Jessica Rajan
Indian semiconductor startups are seeking stronger government support on market access and IP protection, The Economic Times reported. Founders warn that limited domestic funding could force them to rely on foreign investors, diluting Indian ownership. While incentives have boosted chip design capabilities, development costs, tax burdens and weak demand incentives continue to challenge the sector.
Jun 13th, 2026

Ashley Paul
Mumbai-based startup founder Joshua Salins triggered a debate online after he shared a video of a 64-year-old man whom his startup hired as an intern. "It's the best decision we've made," Salins said, as multiple users commended him and drew comparisons with Anne Hathaway-starrer 'The Intern'. Other users criticised the move, questioning why the man wasn't given a senior title.
Jun 13th, 2026

Vaishnavi Mishra
Legendary investor Peter Lynch's former assistant George Noble said SpaceX represents the kind of "hot moonshot" stock that Lynch typically stayed away from. "Peter would have looked at this [SpaceX] and bought Kellogg's [shares] instead. He would have laughed at the idea of paying $1.77 trillion for a company that loses money everywhere except one segment," Noble said.
Jun 13th, 2026

Ishaan Mukherjee
French AI startup Mistral is in talks to raise around €3 billion (over ₹33,000 crore), at a valuation of roughly €20 billion (over ₹2.2 lakh crore), Bloomberg reported. This will nearly double the startup's valuation, reported to be €11.7 billion during a funding round last September. The firm had recently signed deals with BMW and Airbus for custom AI services.
Jun 13th, 2026

Ashley Paul
The successful listing of SpaceX shares after the world's biggest IPO helped turn some of the firm's cafeteria employees into crorepatis overnight, Bloomberg reported. The IPO helped create 4,400 new crorepatis with the help of employee stock options. While SpaceX CEO Elon Musk himself became world's first trillionaire, SpaceX shares propelled at least 400 employees' wealth to over $100 million.
Jun 13th, 2026

Jessica Rajan
Gwynne Shotwell is the President and COO of SpaceX, having joined the company in 2002 as its 11th employee. A mechanical engineer by training, she helped secure a landmark NASA contract that accelerated SpaceX's growth. While Elon Musk focuses on long-term ambitions such as Mars exploration, Shotwell oversees daily operations, workforce management and commercial businesses including Starlink.
Jun 13th, 2026

Vaishnavi Mishra
Elon Musk-led SpaceX's shares debuted on Nasdaq on Friday at $135/share and jumped 19%, pushing the company's valuation past $2 trillion and making it the sixth-largest US company by market value. SpaceX now trails only Nvidia ($4.96 trillion), Alphabet ($4.40 trillion), Apple ($4.29 trillion), Microsoft ($2.88 trillion) and Amazon ($2.54 trillion). It now ranks ahead of Broadcom, Tesla and Meta.
Jun 13th, 2026

Ashley Paul
Anthropic CEO Dario Amodei told Bloomberg that the top executive leadership of the world's most-valuable AI startup reports to his sister, Daniela, instead of him. Dario said Daniela handles much of the company's day-to-day operations and reports to the startup's board of directors, adding, "It's incredibly freeing." The only person Dario directly supervises is his Chief of Staff, Avital Balwit.
Jun 13th, 2026

Jessica Rajan
E-commerce company Meesho on Friday said it will acquire community-led B2B platform Kirana Club for around ₹202 crore in an all-cash transaction. The deal includes the purchase of a 100% stake in Kirana Club and its Indian unit, Retail Pulse Labs. Meesho said the acquisition will be completed in three tranches by March 31, 2027.
Jun 13th, 2026

Ashley Paul
Anthropic globally suspended access to its most powerful AI models, Claude Fable 5 and Mythos 5, over a US government order. The order directed Anthropic to restrict the models' access for foreign nationals within and outside US over national security concerns, without specifying what those concerns were. Anthropic said government has given only "verbal evidence" of the models' narrow jailbreak.
Jun 13th, 2026

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