Tech Roundup: SpaceX IPO Filing, Google Fights Ruling, Waymo Hits Brakes
SpaceX Eyes Historic IPO
SpaceX has filed its S-1 registration documents with the SEC, revealing plans for a public offering that could become the largest IPO in American history, with the company projecting a total addressable market of $28 trillion. Read more: SpaceX files to go public, and the math requires a little faith
SpaceX Launches Starship V3
SpaceX successfully launched its upgraded Starship V3 for the first time, though the company lost the booster during the return phase of the mission. Read more: SpaceX launches Starship V3 for the first time, but loses booster on return
AI Startups Under Scrutiny Over Revenue Metrics
Venture capital investors and startup founders are manipulating Annual Recurring Revenue figures to make AI companies appear more financially successful than they are, with both parties often aware of the inflated numbers. Read more: How VCs and founders use inflated 'ARR' to crown AI startups
Google Appeals Search Monopoly Ruling
Google has officially filed its appeal of the federal ruling that declared it an illegal search monopolist, arguing the decision improperly bypassed legal protections and that it won in the marketplace "fair and square." Read more: Google appeals search monopoly ruling, says it won business 'fair and square'
Binance Sanctions Violations Alleged
The Wall Street Journal reports that Iran allegedly continued using cryptocurrency exchange Binance to funnel billions of dollars, potentially to fund military activities, despite international sanctions targeting the country. Read more: Iran reportedly funneled billions through Binance to fund its military
Waymo Pauses Freeway Driving
Waymo has suspended freeway driving across all of its US markets due to safety concerns related to construction zones, while also pausing service in Atlanta, Georgia, and San Antonio, Texas, over issues with flooded roads. Read more: Waymo suspends freeway driving amid safety concerns