OpenAI To Delay Its IPO?

OpenAI leaned toward delaying its IPO to 2027 rather than budge from Altman's $1T valuation, rattling tech stocks. The government had OpenAI stagger GPT-5.6's release over security concerns. Microsoft hiked Xbox prices again, and SpaceX teased a Starlink mobile network.

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Sources: OpenAI leans toward holding off its IPO until 2027 after warnings that Sam Altman's desired $1T valuation may not be met in current market conditions (nytimes.com/2026/06/25/technology/openai-ipo-a…) (The New York Times)

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Sources: Sam Altman told staff the US government asked OpenAI to stagger the release of GPT-5.6 over security concerns, approving "access customer by customer" (theinformation.com/articles/trump-administrati…) (The Information)

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Microsoft says the price of Xbox consoles will increase on August 1 by $100 for 512GB models and $150 for 1TB models, the third price increase since 2025 (kotaku.com/xbox-price-increase-2026-tariffs-bu…) (Kotaku)

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Sources: SpaceX COO Gwynne Shotwell told investors during an IPO roadshow SpaceX may launch a Starlink mobile product and build its own terrestrial US network (ft.com/content/42af0f15-3aa9-49b7-b429-4a39540…) (FT)

Longreads

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How Chicago is betting on quantum computing, including turning the site of its former US Steel mill into a campus, after largely missing the digital revolution (wsj.com/tech/chicago-missed-the-tech-boom-quan…) (WSJ)

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As China's working-age population shrinks, consensus is growing that China must embed embodied AI robots into as many tasks as possible, as soon as possible (ft.com/content/c8731833-10ca-4a12-bfe4-8ebb258…) (FT)

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