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Musk pledges a SpaceX share to each American child in 2027

Elon Musk says he will give one of his SpaceX shares to every child in America in 2027, CNBC reported through Techmeme. At SpaceX's $146.03 Friday closing price, the proposed gift would be valued at approximately $10.5B.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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AI Capital
AI Capital

Tenstorrent raises $1.5 billion at $6.2 billion valuation

AI chip startup Tenstorrent has raised $1.5 billion in a funding round that values the company at $6.2 billion, according to a statement provided to Bloomberg News. The financing follows takeover interest in the company earlier th...

Capital Science
Capital Science

Nouscom closes €120 million financing for cancer vaccine trial

Swiss biotech Nouscom has closed a €120 million ($135 million) Series D financing to take its NOUS-209 cancer vaccine through a pivotal clinical trial, pharmaphorum reported. M Ventures and Revelation Partners led the round, with ...

Capital
Capital

Even Healthcare raises $50 million to expand Bengaluru hospitals

Even Healthcare has raised $50 million in an all-equity Series B led by Khosla Ventures, with participation from Alpha Wave, TechCrunch reports. The Indian startup says the round values it at $300 million, triple its valuation 18 ...

Capital AI
Capital AI

Abby Care raises $82M Series C led by Transformation Capital

Abby Care raised an $82M Series C led by Transformation Capital, Fortune reported. The company operates a clinically led platform that uses AI to train and certify family caregivers. The financing adds capital to a business provid...

Infrastructure
Infrastructure

SK hynix launches 2 trillion won financing program for chip suppliers

SK hynix has launched a 2 trillion won ($1.5 billion) financing program with four banks and the Korea Trade Insurance Corporation to help domestic semiconductor suppliers borrow at preferential rates, the company said Monday. A si...