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SpaceX IPO filing shows billions in AI losses, a $2 trillion valuation target, and turbine spending that signals more data center conflicts ahead
SpaceX has filed for what could be the largest IPO ever, targeting a valuation of up to $2 trillion. The filing reveals xAI losses of $6.36 billion in 2025 and an Anthropic compute deal worth $15 billion per year. Elon Musk secures 85.1 percent of voting power through dual-class shares, effectively making him impossible to outvote.<br /> The article SpaceX IPO filing shows billions in AI los [...]
Ex-Tesla AI chief Andrej Karpathy shares four tips for AI startups competing with OpenAI
Karpathy sees Cursor as proof that a new category of AI applications is emerging. Startups shouldn't try to compete with the large language model labs head-on. Instead, they should focus on becoming specialists for vertical markets.<br /> The article Ex-Tesla AI chief Andrej Karpathy shares four tips for AI startups competing with OpenAI appeared first on The Decoder. [...]
European startup founders are working longer hours than you might think
Despite recent claims that European startups aren’t working hard enough, new research shows the continent’s founders are putting in serious shifts to turn their ideas into successful businesses. A survey of 128 founders by early-stage VC firm Antler found that three-quarters of them work more than 60 hours weekly, with 19% exceeding 80 hours. German founders emerged as Europe’s hardest wor [...]
