Here's your afternoon, TNB Tech Minute for Wednesday, May 20th. I'm Julie Chang for the Wall Street Journal.

SpaceX has just filed for its long-anticipated IPO, disclosing fresh information on its business and ownership.

The company disclosed the information in an investor perspectives posted to the Securities and Exchange Commission's website. The Rocket Maker is looking to raise $80 billion or more, which would easily make it the largest IPO in history. SpaceX had a valuation of $1.5 trillion after its combination with XAI earlier this year, according to Wall Street Journal reporting.

SpaceX is now tracking to begin selling shares in mid-June, with a stock market debut on June 12th.

Meanwhile, we exclusively report that OpenAI is preparing to file for an initial public offering soon.

People familiar with the matter say bankers at firms, including Goldman Sachs Morgan Stanley have been helping the AI giant on a draft IPO prospectus it plans to file

confidentially with regulators, possibly as early as Friday. Sources say the goal is for OpenAI to be

ready to go public as early as September, but cautioned plans could still change.

The chat GPT maker recently won a legal fight with former backer Elon Musk clearing a major roadblock.

And NVIDIA has reported record sales and income, driven by surging demand for data center computing

and the astronomical rise of AI agents. Sales for the April

quarter reached more than $81.5 billion, up 85% from the year earlier period. Net income came out

to more than $58 billion for the quarter, more than three times the year earlier result, both beat

analysts' forecasts.

The chip giant also raised its guidance for the current quarter.

So far this year, Nvidia stock is up nearly 20%, making it the largest publicly listed company in the world, with a market value of nearly $5.5 trillion.

Shares were roughly flat in aftermarket trading.

And that's it for your T&B Tech Minutes. We'll have another quick tech update in the morning.