Apple and Microsoft are now both worth more than $4T
This is the first time Apple’s market capitalization has crossed the $4 trillion mark, making it the third company to ever cross the milestone after Nvidia and Microsoft.
In Brief
Electric aircraft startup Beta Technologies seeks to raise $825M in IPO
If the company attracts investors at the top of its announced range, it will have a valuation of about $7.2 billion.
Navan plows ahead with IPO during shutdown, aims for $6.45B valuation
The corporate travel management company is moving forward under SEC rules that allow companies in IPO limbo to proceed at their own risk during the shutdown.
Rivian is redesigning the R2 SUV’s door handles for better safety
The change comes after employees and customers reportedly voiced concerns.
Frank founder Charlie Javice sentenced to 7 years in prison for defrauding JPMorgan Chase
The fintech startup had been acquired by JPMorgan Chase in 2021 for $175 million. The bank later accused Frank of lying about its customer base.
Tesla asks EPA not to roll back emissions rules as Trump calls climate change a ‘con job’
The company’s regulatory policy team is trying to clean up a mess that CEO Elon Musk spent $300 million to help create.
Zoox asks federal regulators for exemption to launch a commercial robotaxi service
The exemption would allow the Amazon-owned autonomous vehicle company to commercially deploy its custom-built robotaxis, which lack traditional controls like pedals and a steering wheel.
Nvidia unveils new GPU designed for long-context inference
Nvidia’s relentless development cycle has resulted in enormous profits for the company, which brought in $41.1 billion in data center sales in its most recent quarter.