SpaceX Files Confidential IPO for Potential $1.75 Trillion Valuation
SpaceX filed confidential IPO paperwork targeting a $1.75 trillion valuation for June 2026. The rocket company plans to raise up to $75 billion in what would be history’s largest public offering.
Oracle Cuts 491 Jobs in Washington as AI Bills Hit Tech
Oracle cut 491 Washington jobs on March 31, 2026, with zero warning to fund AI infrastructure. Part of 25,000 global cuts as companies trade human capital for data centers in the AI gold rush.
OpenAI Kills Sora App After Burning $1 Million Daily
OpenAI killed Sora after burning $1 million daily while users crashed from 1 million to under 500,000. The Disney partnership worth $1 billion never materialized.