Mach Industries’ Series C raised a question that $300 million and a $1.8 billion valuation can obscure but not quite answer: can a three-year-old defence startup running six simultaneous weapons programmes actually deliver on all of them? The Huntington Beach, California company, founded in 2023, closed the round earlier this month, with Infinite Capital and Ribbit Capital leading and Bedrock Capital, Sequoia Capital, and Khosla Ventures participating, according to TechCrunch’s Series C report. The company has now raised roughly $485 million in total. That figure includes a $100 million Series B closed in June 2025 at a $470 million valuation,…
Author: Funke Adeyemi
Funke Adeyemi
Funke Adeyemi spent a decade in corporate banking and fintech before moving to business journalism. She started in trade finance at a major UK bank, moved to a payments company scaling into African markets, and spent her last role leading partnerships at a cross-border remittance platform. She writes about business strategy, fintech, digital banking, and the corporate news that moves markets. She is interested in how companies actually make money rather than how they describe making money in investor presentations. Funke lives in South London. She reads earnings calls the way other people listen to podcasts, and finds them about as reliable.
The Anthropic export control order landed on a Friday evening: at 5:21 p.m. ET on 12 June 2026, the Commerce Department’s Bureau of Industry and Security, under the signature of Commerce Secretary Howard Lutnick, directed Anthropic to suspend all access to its two most advanced models, Fable 5 and Mythos 5, for any foreign national anywhere in the world, including Anthropic’s own foreign-national staff. Anthropic’s response was blunt: without a way to verify every user’s nationality in real time, the only workable option was to pull both models entirely. When Amazon Made the Call That Started It All The chain…
Meredith Whittaker’s position on AI chatbots is unambiguous: they are tools, not confidants, and treating them as anything else carries real privacy costs. The Signal president made that argument in a Bloomberg interview published on 19 June 2026, conducted by Mishal Husain, in which she set out her objections to how the technology industry frames its AI products. ‘These are not your friends. These are not conscious beings. These are not sentient interlocutors,’ Whittaker said, responding to a question about the privacy implications of chatbots such as ChatGPT and Claude. Why Meredith Whittaker Distrusts AI Chatbots for Real Thinking Whittaker…
The iOS 27 new features announced at Apple’s WWDC this month extend well beyond the Siri and Apple Intelligence headlines, touching Maps, Wallet, Apple Pay, Music, Podcasts, iCloud, and Fitness+ in ways that will quietly reshape how millions of people use their iPhones every day. iOS 27 New Features: Apps and Services Overhauled Start with Apple Maps. The company has refreshed ‘Flyover,’ its immersive 3D city-view feature, with more detailed visuals and smoother navigation. A new ‘Local Lists’ function lets users browse trending recommendations for restaurants, attractions, and local spots directly inside Maps, a move that puts Apple in more…
Kyber, a Paris-based startup building real-time device control infrastructure for robots, drones, and remote systems, has raised $5 million in a seed round led by Lightspeed Venture Partners, with OVNI Capital and Kima Ventures participating alongside the lead, a round that amounts to approximately €4.3 million at current exchange rates. The company was founded by Jean-Baptiste Kempf, who built VLC, the ubiquitous open-source media player, before serving as CTO at cloud gaming startup Shadow. That biography is not incidental to what Kyber does. The Technology Behind Kyber’s Real-Time Device Control Kyber’s core product is an SDK that synchronises video, audio,…
Snowflake, MongoDB and Walmart are the Wall Street analyst picks drawing fresh conviction this week, as Bank of America, Tigress Financial and KeyBanc each reiterate buy ratings amid geopolitical uncertainty that has left many investors reluctant to commit. The common thread across all three: AI tailwinds meeting durable structural advantages. Snowflake: A Guidance Raise and a $6 Billion Cloud Commitment Bank of America analyst Koji Ikeda reiterated his buy rating on Snowflake (SNOW) and maintained a price target of $300, grouping the company among what he calls the “Fab Five” of infrastructure software, alongside Datadog, JFrog, MongoDB and Twilio. Snowflake’s…
The Buffett-Musk moat debate, which flared in 2018 during a Tesla earnings call, has never quite gone away, and Berkshire Hathaway’s latest quarterly results offer fresh evidence for one side of it.It started when an investor asked Elon Musk why Tesla had opened its Supercharger network to rival carmakers. The question carried an implicit compliment: the infrastructure would take years and millions of dollars to replicate. Musk was unmoved. Moats, he said, were ‘lame… sort of quaint in a vestigial way.’ Innovation pace, not competitive barriers, was ‘the fundamental determinant of competitiveness.’Warren Buffett, speaking at the Berkshire Hathaway shareholders meeting…
SpaceX proxy stocks are unwinding fast, and the selloff is telling traders more about positioning mechanics than about the underlying companies. EchoStar dropped 14% on Friday. AST SpaceMobile fell nearly 13%. Virgin Galactic Holdings surrendered all of Thursday’s gain with a 34% loss. The real thing had arrived: SpaceX’s initial public offering, priced at $135 a share. Why SpaceX Proxy Stocks Moved in the First Place The logic behind the proxy trade was never complicated. SpaceX was private, and most investors had no direct route in. So money flowed to the next best thing: companies with SpaceX equity stakes, launch…
SpaceX options trading demand, even before a single contract changes hands, is already moving markets. The IPO is set to price at $135 a share, and the ripple effects are visible across a cluster of listed proxies whose recent gains have more to do with investor impatience than their own fundamentals. SpaceX Options Trading Demand and the Proxy Play Problem ‘There’s a ton of short-dated call buying in these names as a way to get long SpaceX,’ said Danny Kirsch, head of options trading at Piper Sandler, speaking by phone. ‘I have no doubt part of it is retail demand…
SpaceX IPO investors who got in early, and stayed patient, are now staring at some of the largest paper gains in the history of private markets. The rocket maker filed a confidential draft registration statement with the Securities and Exchange Commission (SEC) on 1 April 2026, the first formal step toward what ARK Invest describes as potentially the largest IPO in the history of capital markets. The company is targeting a Nasdaq listing as early as June 2026. According to ARK Invest’s official IPO guide, SpaceX is seeking a valuation of $1.75 trillion and aims to raise up to $75…
