TECH

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Elon Musk just broke the stock market, in the best possible way. SpaceX priced its initial public offering at $135 a share Wednesday, raising $75 billion in the largest stock market debut in history, with the total potentially climbing to $86 billion if underwriters exercise their full option. Trading opens Friday on the Nasdaq, and Wall Street is already salivating.

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NASA has officially declared its MAVEN spacecraft dead, ending a decade-long mission to study the atmosphere of Mars. The space agency confirmed the end of the mission on Wednesday following six months of radio silence. Launched in 2013, the orbiter went silent in early December after passing behind the red planet, with telemetry indicating that a rapid spin destabilized its orbit and completely drained its onboard batteries.

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Apollo Global Management and Blackstone have finalised a landmark $35 billion financing package tied to Anthropic's artificial intelligence infrastructure, in what ranks among the largest private credit transactions ever assembled in the technology sector.

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The San Francisco-based fintech firm, which provides banking services to startups and early-stage businesses, has raised $200 million in a Series D funding round at a $5.2 billion valuation, CNBC has learned exclusively. That figure represents a 49% jump from its previous round just 14 months ago, a striking leap at a time when much of the fintech sector remains in a prolonged slump.

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OpenAI said Monday that it has filed a confidential S-1 to offer its stock on public markets, a move that comes a week after rival Anthropic made a similar filing. The ChatGPT maker posted on X that it has not set a timing for an IPO and warned it could be some time, saying there are things the company can do more easily as a private firm.

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Google is returning to the smart glasses market this autumn, more than a decade after the failure of Google Glass. The new wearable features a camera integrated into the frames and speakers in the arms, allowing users to interact directly with Google’s ChatGPT artificial intelligence. The device is designed to provide a hands-free interface for AI-driven tasks and environment-based interactions.

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Meta Platforms on Wednesday launched an AI-powered business agent designed to handle day-to-day commercial operations on behalf of companies, marking the social media giant's most direct challenge yet to established enterprise AI players like OpenAI, Anthropic and Google.

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Microsoft CEO Satya Nadella testified on Monday in the ongoing legal battle over the control of OpenAI. Nadella is the third high-profile figure to take the stand in three weeks, following testimony from Elon Musk and OpenAI President Greg Brockman. The lawsuit, initiated by Musk, alleges that the creators of ChatGPT abandoned their original non-profit mission in favor of self-enrichment, a claim that OpenAI's leadership denies.