Developer & Business Tech Summary
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Elon Musk has confirmed that SpaceX is planning an IPO in 2026, which could potentially value the company above a trillion dollars, making Musk an 'instant trillionaire' if successful. Meanwhile, the tech sector continues to see significant investments, with a quarter-billion dollars committed to a startup designing Giga satellites, aiming to explore new possibilities in orbit.
Additionally, AI remains a focal point in the industry, highlighted by Trump’s recent executive order which proposes a national rulebook for AI, though critics warn it could lead to legal uncertainties for startups as Congress deliberates on federal regulations.
In the realm of funding, Saviynt, an AI identity security platform, was at the forefront of the week's largest funding rounds, showcasing the ongoing investor interest in security and energy sectors.