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AI & Enterprise

AI giants’ $3 trillion IPO tsunami raises liquidity fears as some draw crypto parallels

A possible concentration of initial public offerings by mega AI companies such as SpaceX, OpenAI and Anthropic is fueling concerns about a large liquidity drain from U.S. markets. Estimates put their combined valuation at up to $3 trillion, implying $432 billion to $576 billion in fundraising if 20 percent of shares trade. Analysts also flag limited free float and lockup structures, drawing comparisons with past crypto token listings.

Industry

Air-inflated wing cargo drone completes initial test flights

French aerospace startup Celeste Ecoplyers has completed initial flight tests of an experimental cargo drone using air-inflated fabric wings. The company conducted short takeoff tests of its dAS10 platform at Le Havre airport in France. It said the aircraft flies using aerodynamic lift, with air pressure used only to maintain wing structure. The brief low-altitude flights confirmed controlled flight, but the company did not disclose verified payload data. Further testing and adjustments are underway.

AI & Enterprise

Fasoo renames to FasooAI to reinforce identity as AX support company

Fasoo is changing its corporate name to FasooAI as it shifts more fully toward supporting AX, or AI innovation, for customers. The company approved the name change at its 26th annual general meeting on Monday. It said the new name reflects its vision of moving beyond its position in global data security and management to help customers with AX. Fasoo has expanded into AI offerings, including an enterprise LLM and privacy solutions, and is preparing global AX support through a planned U.S. unit merger.