Tech news picked on 2026-05-23
What SpaceX's $1.75 Trillion IPO Reveals: How to Read the Next Round in the AI Hegemony Race
- SpaceX filed for a Nasdaq listing valued at $1.75 trillion, with xAI's $6.4 billion loss for 2025 disclosed as is.
- Though it is a space company's listing document, it is interesting that the money is actually flowing towards Grok's expansion.
- Note that Musk will hold 85.1% voting power through a dual-class structure.
- The method of not hiding losses and explaining what these losses result in can be a useful reference for founders.
Cerebras IPO surges 108% on first day, signaling AI inference chip market breaking Nvidia's monopoly
- Cerebras rose 108% on Nasdaq's first day from an offering price of $185 to $385.
- In 2024, its IPO was once stalled due to CFIUS review and it was operating at a loss, but in 2025 it posted first profit with $510 million in revenue.
- This signals that inference chip options beyond Nvidia are emerging, though for small AI services, the impact will likely be felt more on API and cloud inference pricing than on chips.
- Check now whether it's structurally possible to change suppliers.