SpaceX prices largest IPO ever at $135 per share

Joby Aviation is acquiring Dayton, Ohio-based defense contractor Resonant Sciences for $500 million, financed through $450 million in cash and $50 million in equity. The deal, expected to close in early 2027, positions Resonant as Joby's dedicated defense division while the company's commercial air taxi business continues separately. The acquisition reflects Joby's strategic expansion into military markets alongside its consumer aviation ambitions.

Manus, an AI startup acquired by Meta, announced Tuesday it will return to operating as an independent company following a Chinese government order in April to unwind the deal. The reversal marks a significant setback for Meta's AI acquisition strategy and reflects growing regulatory scrutiny of foreign tech acquisitions in China. The company said it is close to finalizing the separation.

Anthropic has partnered with Macquarie Asset Management and Singapore's GIC sovereign wealth fund to form a new entity that will develop, operate, and lease AI data centers. The partnership aims to support demand for Anthropic's Claude models, with initial focus on U.S. data centers. This move signals Anthropic's commitment to securing dedicated infrastructure as AI model demand grows.

Applied Compute, a one-year-old startup founded by ex-OpenAI researchers, is in talks to raise funding at a $3 billion valuation, more than double its $1.3 billion valuation from four months ago. The company helps enterprises run and customize open-source AI models with proprietary data. The funding round reflects strong revenue growth, with Applied Compute generating approximately $50 million in annualized revenue, nearly four times its November level.