SpaceX Valuation Reaches $350 Billion

SpaceX

The company’s valuation has climbed to $350 billion following a secondary share sale. The share price rose from $112 to $185 per share. SpaceX and its investors agreed on a $1.25 billion transaction to buy shares from existing shareholders. "SpaceX reduced the amount of shares it bought back from employees to allow new investors to join as shareholders," Musk said.

Chainalysis

Chainalysis has acquired Hexagate, a leading provider of web3 security solutions that prevent threats like cyberattacks, hacks, and financial risks. Using machine learning models, Hexagate analyzes suspicious blockchain transactions in real time. Its clients include Coinbase and Consensys.

Anduril

Anduril, previously announcing a collaboration with OpenAI, has now partnered with Palantir and Archer. The partnership with Palantir aims to address challenges in integrating AI into national security systems. Palantir’s cloud platform will be adapted for training AI models for national security purposes. Archer and Anduril will jointly develop a hybrid vertical take-off and landing aircraft under a U.S. Department of Defense program.

Cohere

The Canadian AI startup Cohere will focus on creating custom models for enterprise users instead of larger foundational models. This strategic shift was outlined in a letter to investors. "What we’re hearing from customers is that they don’t just need bigger models that can do everything. They need models specifically designed for their use cases," said Nick Frosst, co-founder of Cohere, in an interview with Reuters.

Animoca Brands

Animoca Brands has announced its business results for Q2 and Q3 2024. By the end of November 2024, the company recorded a 40% increase in the value of its crypto assets and a twofold growth in revenue from trading activities. On December 16, 2024, MOCA Coin was listed on South Korean exchanges Upbit and Bithumb, with a 24-hour trading volume exceeding $2 billion.

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