IPOs

A company backed by Nvidia has withdrawn its planned initial public offering, a move being read as a sign that enthusiasm for artificial intelligence stocks may have limits. The pullback suggests even AI-associated firms are finding it difficult to secure public-market backing, raising questions about whether investor appetite for the sector is cooling after a long stretch of elevated valuations.

French entrepreneur Anthony Bourbon has launched a new series explaining how ordinary investors can back early-stage technology companies like OpenAI, Anthropic and SpaceX before they go public. The first episode covers access routes to private tech investments, such as startup equity and funds, a topic growing in popularity as the biggest gains in AI and space companies happen before stock market listings.

Elon Musk has pledged to offer Starlink satellite internet at affordable prices in India, days before Mukesh Ambani's Reliance Jio launches a record-breaking IPO. The timing sets up a fresh clash between the two billionaires over India's telecom and broadband market, where Jio dominates and Starlink has been seeking regulatory approval to operate.

Elon Musk is promoting SpaceX's Starlink as an affordable way to bring internet access to India, timing his pitch just before Mukesh Ambani's Reliance Jio initial public offering. The move sets up a direct clash between the satellite internet service and Jio, which dominates India's telecom market, as both vie for hundreds of millions of potential customers in the world's most populous country.

Following SpaceX going public, analysts at The Motley Fool have published projections for what a $1,000 investment in each of five space-related stocks could be worth by 2030. The piece taps into renewed investor interest in the space sector, with retail investors weighing which companies stand to benefit most from the industry's expected growth over the rest of the decade.