Author: TechBrunch

One Elon Musk business could be a major investment by another Elon Musk business. According to a report from the Wall Street Journal, which cites investors close to SpaceX, the company has agreed to invest $2 billion in Musk's AI startup Xai. The investment reportedly will be part of a $5 billion share hike announced by Morgan Stanley at the end of June (along with another $5 billion in debt). This is SpaceX's first investment in Xai and will be one of the biggest investments in another company. According to WSJ, SpaceX is already using Starlink Internet Services' power customer…

TechCrunch All Stage 2025 is almost here. In two days, the doors open at the Sova power plant in Boston. If you're a founder or investor, this is the last shot of them locking the lowest ticket price before they disappear at the door. This is not your average startup meeting. TC All Stage is where high-growth startups can be sharper, faster and more funded in just one day. Whether you're pre-seeding or preparing for an IPO, this is the room you're in. Save up to $475 will be here until the event begins at 7:30am on July 15th, so…

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In just three days, founders, investors and operators are flooded with Boston's Sova power plant. For all stage 2025 TechCrunch, if you haven't grabbed the pass yet, this is the final window to lock the lowest available price and save up to $475. Whether you're a first-time founder or a scaling stage executive, TC All Stage offers real-world strategies and connections to move the needle. It's not a theory, it drives traction. This day's founder summit is built for momentum. Leave tools, frameworks and connections that will drive your startup forward. A fundraising session that addresses what works in today's…

There is an old-fashioned crisis management strategy where you say nothing and wait for your anger to pass. For Sequoia Capital, this strategy worked pretty well this week. Partner Sean Maguire initially weathered criticism of inflammatory social media posts, but that first digging quickly cooled. Now, some seem to think that Maguire's rebellious attitude may strengthen his position. Business Insider actually called it “good for trading flow.” It is a controversy as a competitive advantage. However, there are real risks to Sequoia's calculated gambling. Another provocative post from Maguire, colliding with the wrong nerve, political wind change, or escalating outcomes,…

Paragon, an Israeli spyware company that claims to operate as an “ethical” surveillance vendor, faced scrutiny earlier this year when Italy was arrested using Paragon's tools to spy on the phones of two journalists. Paragon responded by separating Italy from its surveillance products, becoming the first spyware company to reveal one of its customers following product misuse. Now, Paragon may face a new ethical dilemma. That's whether the ice agent can use that spyware. The $2 million one-year contract Paragon signed with US Immigration and Customs Enforcement (ICE) in September 2024 is still under review and has not yet been…

Sarah Smith, founder and managing partner of the Sarah Smith Fund of the same name, announced the final closing of Fund I of $16 million on Thursday. Smith launched the fund of the same name in 2022 and is a solo Grand Prix. She said she was “unstood” that AI can unlock it for companies like her, solo, and the next generation. “I can't imagine ventures any other way right now,” she said. “I think it still requires team effort to build a company, but I think early stage investments are most common solo.” She appreciates how quick decisions can…

Medium CEO Tony Stubblebine announced Friday that the publishing platform has remained profitable since August last year, when it first achieved the milestone. In the post, Stubblebine detailed what it takes to achieve this goal. This includes a combination of product changes, investor restructuring, renegotiation loans, office space removal, layoffs and other difficult cost-saving measures. His posts delve deep into what a startup needs to achieve a transformation and the tough choices it has to make. According to Stubblebine, the company lost $2.6 million a month when it joined in 2022. They also lost subscribers, lost investors' funds, and lacked…

The US cybersecurity agency CISA says it is actively leveraging the security flaws of the widely used Citrix products, which hackers are only giving other federal departments a day to patch their systems. Security researchers have called the bug “Citrix Bleed 2” for similarities to the 2023 security flaw in Citrix Netscaler, a networking product that large companies and governments rely on to enable staff to remotely access apps and other resources on their internal networks. Like previous bugs, Citrix Bleed 2 is remotely exploited to extract sensitive credentials from affected Netscaler devices, allowing hackers to access a wider network.…

Bitcoin hit a new all-time high of $118,900 on Friday after surpassing its previous record of $113,822 on Thursday. At the time of writing, Bitcoin costs around $117,400. This is an important milestone for Bitcoin. This highlights its revival, higher than the roughly $76,000 low in early April. It fell nearly $49,000 in August last year. Some analysts believe that if they reach $150,000 it will cause a purchase frenzy. It is important to note that Bitcoin, like most cryptocurrencies, can be unpredictable. No one is sure what will happen next. Several factors that have contributed to the surge in…