PayPal has filed to establish a state bank in Utah, with a clear focus on lending to small businesses. The fintech giant says it’s already provided $30 billion in loans since 2013, but becoming a bank would streamline the process and cut out middlemen.
Samsung’s follow-up to its Galaxy Ring is hitting major roadblocks. Sluggish sales and a nasty patent fight with market leader Oura are forcing a rethink of the launch timeline.
Venture capital in 2025 was a tale of two extremes. AI companies hoovered up a record share of mega-rounds, while traditional mid-stage deals got squeezed out. The entire funding landscape is being reshaped.
A new cybersecurity startup, Dux, has launched with a $9 million seed round. Its platform uses “AI-workers” to continuously analyze which vulnerabilities are actually exploitable and find the fastest path to fix them.
The pioneer of the robot vacuum is hitting the reset button. iRobot has filed for Chapter 11 bankruptcy and will be acquired by China’s Picea Robotics. Your current Roomba should keep working, but the brand’s future is now a huge question mark.
A deep dive into iRobot’s history shows how the company that invented the robotic vacuum cleaner failed to capitalize on its early lead. Now, with its sale to Amazon in jeopardy, its future is uncertain.
According to a shareholder letter, SpaceX is gearing up for a potential public offering next year. A new secondary share sale values the company at a massive $800 billion, driven by Starlink’s growth and Starship progress.
A startup called Overview Energy is developing satellites to beam solar power to Earth 24/7. Meanwhile, satellite maker K2 Space just raised a huge round at a $3 billion valuation. The space tech boom is getting real.
Prediction market Kalshi is launching its tokenized event trading directly inside the Phantom crypto wallet. This comes as the company, now valued at $11 billion, sees record trading volume and faces down regulatory challenges in multiple states.
Cybersecurity firm Netskope just reported its first quarterly results since going public, and the numbers are strong. Revenue jumped 33% to $184.2 million, beating Wall Street expectations, while the company is landing major new customers on its SASE platform.
