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OpenAI has confidentially filed to go public at a reported valuation between US$730 billion and US$850 billion, even after losing about US$44 billion last year.

SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its initial public offering, according to people familiar with the matter, as Elon Musk rejects another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal. The rocket, satellite and artificial intelligence company aims to sell 555.6 million shares in the offering, the people said. Deliberations are ongoing and details of the IPO could still change before the terms are disclosed as soon as Wednesday, or even during the marketing process, they said, asking not to be identified as the information isn't public. The move adds to the unconventional aspects of a deal that's set to be the biggest ever listing. We get reaction from George Ferguson, Senior Aerospace Analyst for Bloomberg Intelligence.

Elon Musk's SpaceX is negotiating to pay razor-thin fees to Wall Street firms handling its IPO but banks are still likely to rake in about $500 million from the record-setting market debut. Musk's space and artificial-intelligence conglomerate is negotiating to pay less than 0.75% for the $75 billion it aims to drum up in an initial public offering this month, according to people with knowledge of the matter. Even at that low spread, it will likely amount to one of the biggest fee events ever for Wall Street firms that arrange public listings. The lead banks  Goldman Sachs Group Inc. and Morgan Stanley  are positioned to take in a bigger share of the fee pool than the other 21 brokers involved. For more, we speak with Sri Natarajan, Chief Wall Street Correspondent for Bloomberg News.

Anthropic PBC pulled ahead of OpenAI with its confidential IPO filing Monday, as the free-spending artificial intelligence startups battle for a fundraising edge that's set to determine who will win the ultimate battle for computing power. The oneupmanship in the firms' private funding rounds, and now their progress toward going public, isn't just about bragging rights. The risk for both firms is that the first to tap the US market's unparalleled depth and liquidity will gain an immediate advantage in securing access to the chips, data centers and talent needed to build their AI models. With Elon Musk looking to turbocharge SpaceX's nascent AI offerings by strapping them to a hyperscaler with a chipmaker joint venture and doing an IPO, OpenAI and Anthropic can't risk falling behind. Bloomberg Intelligence's Matthew Bloxham takes a closer look.

Australian unmanned aerial vehicle manufacturer Boresight lodges an $8M IPO prospectus with the ASX.

Anthropic PBC is considering going public as soon as in October, according to people familiar with the matter, as the artificial intelligence company races with rival OpenAI Inc. to hold an initial public offering. Ed Ludlow of Bloomberg Tech reports.

L1 Group (ASX:L1G) announced the opening of the initial public offering for its new investment vehicle, L1 Gold Fund (ASX:LGF).

NYSE Group Inc. President Lynn Martin says geopolitical risks and global conflicts like the current one in Iran are unlikely to stop companies from going public. She spoke to Bloomberg Television on Tuesday at the Bloomberg Invest conference in New York. "And if you're a good company, you can always go public."

It's been a turbulent year so far for the IPO market. In just one week, both Clear Street and Liftoff postponed plans to go public, citing market conditions. But Solv Energy, owned by the private equity firm American Securities, went ahead and completed its IPO, raising $513 million dollars. Michael Fisch, the Founder and CEO of American Securities joined Bloomberg Open Interest to talk about the debut and the broader dealmaking environment.