Anthropic plans to preserve the authority of its Long-Term Benefit Trust, a small outside group that appoints most of its board, even as it pursues a public listing that could value the AI company at up to $2 trillion. The trust, currently chaired by Neil Buddy Shah and including Ben Bernanke and Richard Fontaine, holds no shares but has already selected four of Anthropic's seven directors, including Reed Hastings and Vas Narasimhan.
Oura, the Finland-founded, San Francisco-based maker of health-tracking smart rings, has filed paperwork with the SEC to go public on Nasdaq. The company has built a leading position in the wearable ring market as it moves toward becoming a publicly traded stock.
Smart-ring maker Oura revealed financial details as part of its move toward going public, showing it has become profitable. The company reported 74% revenue growth for the nine months ending in June compared with the prior year.
Moonshot AI, a Chinese artificial intelligence startup, has confidentially submitted an IPO application to the Hong Kong stock exchange, according to people familiar with the matter. Details on the size of the offering or timing were not disclosed.
SB Energy, a data center infrastructure company backed by SoftBank, Nvidia and OpenAI, has filed for an initial public offering with the SEC. The filing discloses net losses of about $3.2 billion for the first half of 2026 against roughly $139 million in revenue, mostly from its legacy energy business, while none of its planned AI data centers are yet operational.
Shein Global Holdings finally went public via a Hong Kong listing after previous attempts to list in New York and London fell through. Shares dropped as much as 9% in early trading before clawing back to roughly their IPO price by the end of the session.
DeepSeek, the AI lab founded by Liang Wenfeng, has relied on his hedge fund High-Flyer Quant for early funding and computing power, but is now courting outside investors as its needs expand. Meanwhile, High-Flyer's affiliates have taken sizable pre-IPO stakes in Chinese hard-tech firms like memory chipmaker CXMT and robotics company Unitree, even as volatility in AI and chip stocks has hit the fund's returns.
Chris Malone, who led OpenAI's data center operations, has exited the company. His departure adds to a growing list of senior executives leaving OpenAI as it accelerates infrastructure spending and moves toward a possible IPO.
Fervo Energy is launching its first utility-scale power plant, aiming to prove that enhanced geothermal technology can produce reliable, round-the-clock clean energy at commercial scale. The project follows a period in which geothermal has lagged far behind solar and wind as a share of the renewable energy mix.
Smart ring maker Oura is said to be planning a U.S. IPO as soon as next month, aiming to raise up to $3 billion at a valuation exceeding $16 billion, according to Bloomberg. That figure would nearly double the $10.9 billion valuation the company received in its September Series E round, with existing investors expected to sell a significant portion of shares in the offering.
A financial disclosure shows President Trump bought as much as $50,000 in SpaceX shares on June 23, two weeks after the company's IPO. The purchase came after shares had already dropped from highs above $200 to the mid-$150s, and by Monday's close the stock had fallen further to its $135 IPO price, potentially leaving Trump's stake at a loss.
Shein Global Holdings, the fast-fashion company founded in China and now headquartered in Singapore, is preparing to go public on the Hong Kong stock exchange next month. The IPO comes after the company shifted away from earlier plans for a US or London listing, and it is expected to price well below the valuation once floated for those attempts.
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