Microsoft said Microsoft Cloud annualized revenue exceeded $168 billion in fiscal 2025, up 23%. GitHub Copilot revenue rose more than 60% quarter on quarter as the company expanded usage-based pricing, supporting growth in its commercial cloud business. Overall revenue growth accelerated to 17.8%, while net margin reached 40.3%, a three-year high.

Anthropic confidentially submitted a draft IPO registration statement on June 1 and could list after the SEC completes its review. Its annualized revenue run rate climbed from $14 billion in February to more than $47 billion in May, while its private valuation rose from $380 billion to $965 billion over the same period. Investors are discussing an IPO valuation of $2 trillion-plus, though some view the upside beyond something approaching $1 trillion as limited.

On Aug. 6, SpaceX’s lockup expired for up to 911.5 million shares, a potential release valued at about $105 billion. That day, the SpaceX-tracking fund SPCX rose 6.14% on volume about 3.4 times its usual level, then added 15.8% in the next session and closed back above its $135 IPO price on Aug. 10. The fund later fell 3.76%, even as insider-trading data show only 17% of companies see insider selling during the unlock window.

AI company Anthropic is preparing an initial public offering in October, with shareholders seeking a valuation of more than $2 trillion. Investors point to a sharp rise in annualized revenue run rate, from about $1 billion at the end of 2024 to $47 billion in May. They project the run rate will reach $100 billion to $120 billion by December, according to the Financial Times. In late May, a $65 billion private round valued the company at $965 billion.

“The Odyssey” has become the first major commercial film shot entirely on IMAX large-format cameras, helping lift IMAX shares 30%. The U.S. Federal Aviation Administration certified Boeing’s 737 MAX-7, ending a decade-long review and sending Boeing shares up 8% on the day. Both developments mark significant company-specific business milestones that bolstered investor confidence in product commercialization and regulatory prospects.

Alibaba on Monday released Qwen3.8-Max, its largest and most powerful AI model to date, with 2.4 trillion total parameters. The model supports a context window of up to 1 million tokens and uses a sparse MoE design that activates 95 billion parameters per inference. After the announcement, Alibaba shares rose 4.5% in U.S. premarket trading and 7% in Hong Kong.

The Federal Aviation Administration has carried out unannounced inspections of Boeing and ordered an urgent recheck of 31,000 737 MAX seats after it warned improper installation could cause seats to separate from their tracks in an emergency. Boeing has also withdrawn its request for a regulatory exemption related to the MAX-7. The moves follow an Alaska Airlines incident in which a door plug blew out, and investigators said the aircraft was missing key bolts.

MicroStrategy, referred to in the article as Strategy, sold 1,638 bitcoin last week for $104.7 million to increase its cash reserves. The company previously disclosed a $101.3 million bitcoin purchase in June at an average price of $65,332, while bitcoin has fallen to a three-week low. Following the sale, Strategy shares fell sharply, and analysts cautioned against buying.

Yum China (YUMC) reported second-quarter results with total revenue of $3.1 billion, up 13% year on year, helped by a net 560 store openings, and said it is optimistic about the rest of the year. The update pushed its Hong Kong-listed shares to a near three-and-a-half-month high and lifted its U.S.-listed shares to a near three-month high. The move was driven by company-specific earnings momentum, directly affecting Yum China’s stock.