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May 18, 2026
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Supported by
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Welcome back! SpaceX plans to list on Nasdaq as soon as June 12. OpenAI reorganizes its product teams around its new unified-app strategy. New disclosures show President Trump traded millions of dollars worth of technology stocks since the start of 2026.
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SpaceX plans to list on the Nasdaq stock exchange as soon as June 12, Reuters reported on Friday. That would represent a slightly accelerated schedule for the space and AI company’s IPO, which had previously been slated for later in June. SpaceX also plans to make its IPO prospectus public as soon as Wednesday, the report said. SpaceX’s choice of Nasdaq is a victory for the stock exchange, which had been competing with the New York Stock Exchange for the listing. The Information has previously reported many
details about SpaceX’s financials ahead of the IPO, including a net loss of nearly $5 billion on $18.5 billion in revenue last year, figures that include the SpaceXAI division it absorbed in February. The upcoming public prospectus would likely include new details including updated financials for the beginning of 2026.
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OpenAI is combining teams working on ChatGPT, its Codex coding product and its API into one organization, pressing ahead on its more streamlined strategy despite the prolonged medical leave of top executive Fidji Simo. OpenAI president Greg Brockman will lead the new product strategy, with Thibault Sottiaux—who had previously worked on Codex—leading core product and platform teams, OpenAI said in announcing the changes Friday. Nick Turley, who led product development for ChatGPT, is now focusing on OpenAI’s strategy for business users. OpenAI gave no timeline for the return of Simo, its CEO of AGI deployment, who has been on leave since early April for a chronic medical condition. “Many have asked me about Fidji’s health,“ Brockman said in a note to staff Friday. “She continues to do everything she can to get back on her feet as she battles a serious relapse of her chronic condition, but she and I have been working together extremely closely on this reorg and we’re fully aligned. We can’t wait to have her back.” The changes come as OpenAI faces intensifying competition from Anthropic, which this week picked investors to co-lead a new $30 billion investment round that would value it at $900 billion—leapfrogging OpenAI in valuation. Google is also expected to announce new AI products at its annual developer conference, Google I/O, next week.
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President Trump traded millions of dollars worth of technology stocks since the start of 2026, new disclosures released on Thursday show. In a report filed with the U.S. Office of Government Ethics, Trump revealed that he bought and sold shares of companies including Nvidia, Palantir and Oracle. The disclosures came amid the Trump administration’s trip to China, where tech CEOs including Nvidia’s Jensen Huang and Apple’s Tim Cook accompanied the president. The disclosures show that Trump made more than a dozen purchases and
sales of Nvidia shares from January through March. That included a purchase listed between $500,001 and $1,000,000 in early January, a week before the administration approved sales of Nvidia artificial intelligence chips to China. Trump traded dozens of other tech companies, including Meta, Alphabet, Apple, Tesla, Uber and Amazon, as well as shares of the crypto companies Coinbase and MARA Holdings. A spokesperson for the Trump Organization said Trump’s investments were handled “by third-party financial institutions with sole and exclusive authority over all investment decisions” and that neither the president nor his family “plays any role in selecting, directing, or approving specific investments.”
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Bill Gates’ charitable trust has sold all of its Microsoft stock and no longer owns any shares in the company, it disclosed Friday. The Gates Foundation Trust reported that it had sold around $3 billion worth of Microsoft stock in the first quarter of 2026. Gates, who is the sole trustee of the fund, is the latest major shareholder to dump his Microsoft position. The company’s stock is down more than 10% so far this year, and the British hedge fund TCI recently said it was selling its entire $8 billion stake on fears that new AI software from the likes of OpenAI and
Anthropic could disrupt Microsoft’s core software business. Meanwhile, Bill Ackman’s Pershing Square took the opposite tack, saying Friday that it built a $2 billion Microsoft stake in the first quarter because it believes those fears are overblown. Gates has said he plans to wind down his charitable trust over the next 20 years and sell all of its stock by then. It’s unknown if Gates himself still owns any Microsoft stock.
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OpenAI bought Weights.GG, a small startup that made an AI voice-cloning tool called Replay, in January, according to a person familiar with the acquisition. A half dozen employees joined OpenAI, which bought the startup’s intellectual property but does not plan to integrate the startup’s product. Weights.GG had raised $4 million from investors including Kleiner Perkins. Earlier this year, OpenAI released new voice audio models. These should aid its eventual release of an AI-powered device, The Information previously reported. The New York Times earlier reported on the
acquisition.
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