Techmeme
May 20, 2026, 10:20 PM

Top News

Bloomberg:
SpaceX files publicly for its IPO, choosing Nasdaq to make its debut under the symbol SPCX; Elon Musk's shares give him 85.1% of the voting power in the company  —  SpaceX filed publicly for what stands to be the largest-ever initial public offering, revealing billions in losses …
Ina Fried / Axios:
SpaceX S-1: Anthropic is paying SpaceX $1.25B/mo. until May 2029 under their compute deal; Anthropic says it's expanding the deal to include Colossus 2 capacity  —  Anthropic is paying SpaceX $1.25 billion per month through May 2029 as part of the massive compute deal the companies signed earlier this month.
New York Times:
Filing: SpaceX reports 2025 revenue of $18.7B, up 33% YoY, a $4.9B loss, vs. a $791M profit in 2024, and $20.7B in capital expenditures, up from $11.2B  —  Mr. Musk's rocket and satellite maker disclosed its financial performance as it prepares to go public in what is set to be one of the largest offerings to date.
Wall Street Journal:
Sources: OpenAI is preparing to file confidentially for an IPO as early as Friday; the company plans to be ready to go public as early as September  —  The artificial-intelligence giant is working with bankers at Goldman Sachs and Morgan Stanley  —  ChatGPT-maker OpenAI has been working …
Nvidia Newsroom:
Nvidia reports Q1 revenue up 85% YoY to $81.62B, vs. $78.86B est., Data Center revenue up 92% to $75.2B, and announces an $80B share repurchase program  —  - Record revenue of $81.6 billion, up 85% from a year ago  — Record Data Center revenue of $75.2 billion, up 92% from a year ago
OpenAI:
OpenAI says an internal general-purpose reasoning model has disproved the Erdős unit distance conjecture, a central problem in discrete geometry posed in 1946  —  For nearly 80 years, mathematicians have studied a deceptively simple question: if you place nnn points in the plane …
Berber Jin / Wall Street Journal:
In disclosures to investors, Anthropic says it expects to generate $10.9B in revenue in Q2, vs. $4.8B in Q1, and turn a $559M operating profit, its first ever  —  The startup expects a 130% revenue surge to $10.9 billion in the June quarter and its first operating profit, defying skeptics of the AI boom
Reuters:
Internal memo: Intuit is laying off ~17% of its workforce, or ~3,000 employees worldwide, to streamline operations and sharpen its focus on key bets, like AI  —  Intuit (INTU.O) is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus …
Katie Paul / Reuters:
Internal memo: Mark Zuckerberg told employees that he does not expect more company-wide layoffs this year  —  Meta (META.O) CEO Mark Zuckerberg told employees in an internal memo on Wednesday that he does not expect more company-wide layoffs this year, according to a copy of the memo seen by Reuters.
Tom Warren / The Verge:
Internal memo: Xbox hires game industry analyst Matthew Ball as chief strategy officer, and names Scott Van Vliet, who led Azure AI infrastructure, as Xbox CTO  —  The second major Xbox leadership changes this month. … Microsoft has recruited game industry analyst Matthew Ball as Xbox chief strategy officer.
Jacob Passy / Wall Street Journal:
Airbnb says it is adding luggage storage, airport pickups, car rentals, grocery delivery, and thousands of boutique and independent hotels to its platform  —  Platform ramps up hotel-booking options, car rentals and AI-enabled features, expecting World Cup to drive record use
The Guardian:
Granta and the Commonwealth Foundation say they can't determine yet if AI was used to write a prize-winning short story after critics pointed to signs of AI use  —  Granta publisher says ‘perhaps we never will know’ true authorship of work that won Commonwealth prize
Sergiu Gatlan / BleepingComputer:
GitHub confirms ~3,800 internal repositories were breached after one of its employees installed a malicious VS Code extension; TeamPCP claims responsibility  —  GitHub has confirmed that roughly 3,800 internal repositories were breached after one of its employees installed a malicious VS Code extension.
Reuters:
Samsung Electronics and its South Korean labor union reach a preliminary pay deal; the union says it has suspended a general strike and put the deal to a vote  —  Samsung Electronics (005930.KS) and its South Korean labour union reached a preliminary pay deal on Wednesday …
Todd Bishop / GeekWire:
S. “Soma” Somasegar, who led Microsoft's Developer Division for 12 years as part of his 27-year tenure at the company before leaving in 2015, has died at age 59  —  S.  “Soma” Somasegar, a fixture in the Seattle tech community who led Microsoft's Developer Division as part …
The Register:
Cloud provider Railway says Google Cloud suspended its account without cause, resulting in an outage; in 2024, GCP deleted an Australian pension fund's account  —  PaaS platform Railway says Google temporarily suspended its account on Wednesday without cause, inducing a major outage.
Hugh Son / CNBC:
Mercury, which provides banking services to startups, raised a $200M Series D led by TCV at a $5.2B valuation, up from $3.5B in March 2025  —  Mercury, a fintech firm that provides banking services to startups, has raised $200 million in funding at a $5.2 billion valuation, CNBC has learned exclusively.

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Earlier Picks

Mariella Moon / Engadget:
Jemima McEvoy / The Information:
Nan Ransohoff / Nan's Substack:
John Timmer / Ars Technica:
Luz Ding / Bloomberg: