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OpenAI’s Sam Altman says it would be ‘ill-advised’ to go public in 2026
While OpenAI has filed confidentially for an IPO, the company will not be going public this year, according to CEO Sam Altman.
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Unitree IPO oversubscribed more than 5,000 times as investors pile into humanoid robotics
Unitree Robotics’ initial public offering has reportedly been oversubscribed more than 5,000 times as investors scramble for shares in one of China’s best-known humanoid robot manufacturers. The Hangzhou-based company priced its IPO at 150.8 yuan ($22.4) per share, raising approximately $900 million and giving Unitree a valuation of around $9 billion, according to CNBC. Demand […]
Unitree targets $9 billion valuation in landmark IPO as humanoid robot race accelerates
Chinese robotics company Unitree has priced its initial public offering at a valuation of approximately $9 billion, becoming the country’s first mainland-listed humanoid robot manufacturer and highlighting growing investor interest in AI-powered robotics despite rising geopolitical tensions. The Hangzhou-based company said it has priced its Shanghai STAR Market IPO at 150.8 yuan ($22.34) per share, […]
Unitree expects first-half revenue growth as demand for humanoid robots accelerates
Chinese robotics company Unitree Technology expects strong revenue growth in the first half of 2026 as demand for humanoid robots and embodied AI continues to increase, according to reports by DigiTimes and AFP. The company expects first-half revenue of about CNY1.1 billion ($156 million), representing year-on-year growth of between 35.6 percent and 45.4 percent, the […]
Before SpaceX IPO, investors in China secretly acquired stakes
A businessman with ties to Chinese military contractors was among the overseas investors who acquired stakes in SpaceX while it was still a private company. An entity linked to the Qatari royal family also took a stake.
The new details come from a private investor list obtained by ProPublica that sheds light on a particularly delicate issue for Elon Musk’s rocket company: which people in countries like China bought into the company, and how. SpaceX built its business off sensitive US government work like making spy satellites for the Pentagon. While there is no ban on Chinese investment in US military contractors, such investment is heavily regulated.
In a sign of its sensitivity to the concerns, SpaceX barred investors from China and Hong Kong from buying shares in its initial public offering last week due to “regulatory and compliance risks,” Bloomberg reported. The US government alleges that China has a strategy of using investments in sensitive industries for espionage and to get access to cutting-edge technology.
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