SPACEX IPO WINDFALL FLOWS TO MUSK AND INNER CIRCLE
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Elon Musk holds the largest stake in SpaceX by billions of shares and stands to gain the most from a potential IPO. The company's other major shareholders are also longtime Musk associates.
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SK Hynix, Nvidia's largest RAM supplier, raised $26.5 billion in its Wall Street IPO Friday, becoming the largest foreign company debut on record. The South Korean chipmaker opened at $170 per share.
Malaysia is implementing an age verification requirement for social networks effective June 1, prohibiting users under 16 from accessing major platforms.
Chancellor Rachel Reeves will announce a new 'skills compact' on Tuesday committing major financial firms to retrain thousands of workers for the AI era. The initiative targets companies including Barclays and Lloyds.
Johannes Heidecke, OpenAI's head of safety, is leaving the company following an internal reorganization. The departure marks a shift in the AI firm's safety leadership structure.