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ARTIFICIAL INTELLIGENCE
AI is crushing startup valuations for companies that raised before ChatGPT existed
More than 220 former unicorns have lost their billion-dollar status as venture capital concentrates in a handful of AI giants, leaving pre-2023 startups stranded between inflated valuations and a market that has moved on
INVESTORS AND FUNDING
SpaceX’s first employee just raised $500 million for the company that moves satellites once rockets put them in the wrong orbit
Impulse Space, founded by Tom Mueller and backed by Founders Fund, hit a $4.26 billion valuation with its Series D as it builds “space tugs” for commercial and military customers, including Trump’s Golden Dome shield
BUSINESS
Palo Alto Networks shareholders have rejected executive pay seven times, and the CEO still earns nearly $100 million
Nikesh Arora’s compensation package is the most opposed in the S&P 500, but the votes are non-binding and the stock is up 800% since he took over. The 442-to-1 CEO-to-worker pay ratio tells the rest of the story.
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