SpaceX has finally made the contents of its IPO filing public, weeks ahead of what is expected to be the largest IPO ever and one that will make Musk the CEO, CTO, and Chairman of the board.
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Wednesday, May 20, 2026
xAI burned $6.4B last year. SpaceX’s IPO filing shows why the spending is far from over
SpaceX's IPO filing reveals xAI lost $6.4 billion in 2025 while planning a massive Grok expansion — offering the first public look at Elon Musk's AI financials and more details about his ambitions.
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Clouted wants to take the guesswork out of making short videos go viral
The video clipping startup raised a $7 million seed round led by Slow Ventures.
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Nvidia posts another record quarter, reveals $43 billion of holdings in startups
Nvidia announced another record revenue figure after market close on Wednesday, but forecasted that revenue growth would slow in the following quarter.
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Musk’s xAI is being sued over its data center generators. Now, it’s buying $2.8B more.
Elon Muks's xAI said it will buy $2.8 billion worth of natural gas turbines over the next three years, according to SpaceX's IPO filing.
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Jeff Bezos, you were so close to making a good point
"Why is a nurse in Queens who makes $75,000 a year paying more than $1,000 a month in taxes?" Bezos said Wednesday morning on CNBC. "That's $1,000 that could help with rent, or groceries, or anything."
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Customers say Trump Mobile is leaking their personal information
Trump Mobile is leaking customers’ email and home addresses, but has not responded to people alerting the company of the data exposure, according to two YouTubers who said they verified that their leaked data is authentic.
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AI search startups are blowing up
AI search has quietly become one of the most attractive targets in consumer AI.
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Stability AI releases a new audio model that can create six-minute songs
Stability Audio 3.0 small model can run on-device and generate two-minute long tracks
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Intuit to lay off over 3,000 employees to refocus on AI
In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company's corporate structure, and deliver better AI products.
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Startup Battlefield 200 applications close in one week: Window to nominate and apply for the most promising startups ends May 27
Startup Battlefield 200 applications close May 27. Pitch at TechCrunch Disrupt, get investor access, win $100K, plus more scaling perks. Nominate an early-stage founder or submit your startup here.
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NanoClaw creator turns down $20M buyout offer, raises $12M seed instead
NanoCo, the company behind OpenClaw alternative NanoClaw, has raised a $12 million seed after a viral launch, the founders tell TechCrunch.
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GitHub says hackers stole data from thousands of internal repositories
The code hosting giant GitHub said it was investigating a breach, but said there was no evidence of customer data theft.
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Figma adds an AI assistant to its collaborative canvas
Figma's new AI assistant will be first available on Figma Design
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Quartermaster is building a maritime hive mind
The Arlington, Virginia-based startup has raised $42 million to equip ships with sensors that blow the current AIS tech out of the water.
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