Walmart-backed PhonePe shelves IPO as global tensions rattle markets
PhonePe has paused its planned IPO, delaying a major liquidity event for investors including Tiger Global and Microsoft.
IPO
Jensen Huang says Nvidia is pulling back from OpenAI and Anthropic, but his explanation raises more questions than it answers
Nvidia CEO Jensen Huang said Wednesday that his company’s investments in OpenAI and Anthropic will likely be its last — but his explanation may not tell the whole story.
SpaceX’s IPO could open the floodgates — and secondaries are booming in the meantime
To unpack what SpaceX’s IPO chatter means, how private liquidity works before a debut, and what investors are looking for in today’s pre-IPO giants, we spoke with Greg Martin, managing director at Rainmaker Securities, a broker-dealer specializing in secondary share transactions for late-stage private companies.
Uber is literally in the driver’s seat when it comes to AV bets
Self-driving truck startup Waabi’s billion-dollar fundraise isn’t just about trucks. The deal, for $750 million up front plus another $250 million from Uber tied to deployment milestones, marks a major expansion into robotaxis for the company founded by former Uber AI chief Raquel Urtasun. It also feels like another chip from Uber on the autonomous vehicle roulette table. With more […]
How Sequoia-backed Ethos reached the public market while rivals fell short
The profitable life-insurance platform was one of the first major tech companies to test the 2026 public markets.
SpaceX is coming to the public markets, and secondaries are already on fire
paceX is reportedly lining up four major Wall Street banks for a 2026 IPO that could provide the reset the market needs. The company just completed a tender offer at an $800 billion valuation, and secondary market demand is through the roof. If SpaceX goes public anywhere near its rumored $1.5 trillion valuation, it could trigger an IPO cascade for other late-stage unicorns like OpenAI, Stripe, and Databricks. Watch as Equity host Rebecca Bellan […]
