Last week, Dow Jones fell 0.2%, S&P 500 was up 0.1%, and Nasdaq composite lost 0.1%, following new all-time highs on both the latter indices Thursday. Cerebras surged 68% in its IPO debut to a US$56 billion valuation. Geothermal pioneer Fervo Energy raised nearly US$2 billion, pushing its valuation past US$10 billion. SpaceX fast-tracked its Nasdaq listing for mid-June. Anthropic lined up a US$30 billion funding round at a US$900 billion valuation. Anduril raised US$5 billion at a US$61 billion valuation. European rival Helsing is targeting a US$18 billion valuation. eBay rejected Ryan Cohen’s US$56 billion buyout offer. Microsoft projected spending over US$100 billion on OpenAI agreements. SoftBank’s Vision Fund saw a US$46 billion yearly gain driven by OpenAI’s success. OpenAI launched a US$10 billion private equity joint venture. Neocloud provider, Nebius, reported a 684% Q1 revenue surge. Cisco shares jumped 18% on robust AI networking orders. Bill Ackman built a US$2 billion Microsoft stake based on latest 13F filings, Google is exploring launching orbital data centers via SpaceX. Anthropic’s Mythos AI showed advanced hacking capabilities in UK security trials. Thrive Capital placed a US$100 million bet on Shopify, whose shares remain down nearly 40% this year. The quantum sector expanded as Photonic closed a $200 million round at a US$2 billion valuation, and Nord Quantique secured unicorn status at US$1.4 billion. UniUni neared a US$1 billion SPAC debut on the TSX, while Prime Minister Carney unveiled a National Electricity Strategy to double grid capacity by 2050. In news pertaining to Sophic clients, Intermap reported Q1 2026 results with over 80% recurring revenue driven by its AI Risk Assistant, reiterating full-year guidance of $30-35 million. Hybrid Power Solutions announced a $1.5 million private placement, and its largest-ever $1.5 million industrial order. Juno Industries’ Chairman and co-founder, Harjit Sajjan was recently on a Betakit podcast to talk about the company’s plans to be an innovation hub for defence: building, partnering, or buying technology based upon government needs.
