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Industry

SpaceX record IPO nears as liquidity pressure concerns emerge

Demand for SpaceX\'s initial public offering is nearing four times the offering size, fueling analysis that it is tightening liquidity in cryptocurrencies and U.S. technology stocks. Reuters, cited by Cointelegraph, reported more than $250 billion of demand as the company seeks to raise $75 billion, implying a $1.8 trillion valuation if completed. Some analysts say funds may be rotating into IPO subscriptions, though they see the move as temporary.

AI & Enterprise

OpenAI considers mega data centre in Ohio backed by Nvidia

OpenAI is seeking to lease a 10-gigawatt AI data centre in the U.S. state of Ohio, a move that could rank among the largest single-site AI computing infrastructure investments if completed. Discussions are based on funding support from Nvidia. The proposed location is the former Portsmouth gas diffusion plant site in Pike County. OpenAI’s Stargate project has secured about 7 gigawatts across seven sites as of September 2025.

AI & Enterprise

LG CNS to pursue humanoid deployment at LX Pantos Cheongna logistics center

LG CNS said on June 11 it signed a memorandum of understanding with logistics company LX Pantos to build a robot-based next-generation smart logistics system. The companies plan to build an automation system at LX Pantos\' Mega Wise Cheongna logistics center, linking humanoid and shuttle robots and verifying end-to-end automation from picking to sorting and shipment. They will use LG CNS platforms for robot training and operations and deploy robots from Dexmate and LG CNS.