Africa's Markets, Startups & Money Moves — Updated Daily

Satlyt Raises $8 Million to Run AI on Satellites

The Kenyan American engineer previously worked in Google’s cloud computing business before a brief stint at SpaceX’s Starlink communications network in 2024. His experiences convinced him that there was untapped potential for computers in space.

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SpaceX’s Starship Rocket Reaches Earth Orbit for the First Time

The company’s mega-rocket launched into space from South Texas early Monday morning and the take off ticked all the early checkboxes for a successful launch. But shortly after the upper stage of the spacecraft separated, it lost one of its six Raptor engines.

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Tech Giants Launch an AI Safety Initiative Focused on Open Models

Nvidia and a host of tech giants on Monday launched a new artificial intelligence safety initiative focused on open models, as the fallout from a cyberattack committed by rogue OpenAI models continues

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China’s State-Owned Space Company Successfully Launch a Long March Orbital Rocket

China’s state-owned space company successfully launched a Long March orbital rocket and landed the booster on a seagoing recovery vessel, making it the second country to achieve the feat.

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NASA Hires Relativity Space to Build a Spacecraft

Relativity Space—a rocket maker acquired by former Google executive chair Eric Schmidt last year after stumbling on the path to orbit—might just beat SpaceX to Mars.

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SpaceX to Acquire AI Coding Startup Cursor

SpaceX has agreed to acquire AI coding startup Cursor in a $60 billion stock deal, just a few days after the space company’s historic IPO

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Everything You Need to Know About SpaceX IPO

SpaceX is the world’s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk.

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SpaceX Prices Its 555.6 Million Shares at $135 Each

SpaceX priced its 555.6 million shares at $135 each, the company said in an update on its website. That makes SpaceX officially the largest IPO in history

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SpaceX Plans to Market Its IPO at a Fixed Price

Elon Musk's SpaceX is planning to set a fixed price of $135 per share ahead of officially marketing its initial public offering, the company said in a filing with the Securities and Exchange Commission

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VC Firm 137 Ventures Secures Funds to Back Startups “With the Potential for Significant Market Impact”

VC firm 137 Ventures announced Thursday that it has raised more than $700 million across two new growth-stage funds to back startups “with the potential for significant market impact.”

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SpaceX Files Confidentially With Securities and Exchange Commission Ahead of IPO

SpaceX, the technology conglomerate founded by Elon Musk, reportedly filed disclosures confidentially with the U.S. Securities and Exchange Commission ahead of an initial public offering.

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SpaceX Considering a Dual-Class Share Structure in Its Planned IPO

SpaceX is considering a dual-class share structure in its planned initial public offering (IPO) this year, according to people familiar with the matter

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