Doug Krisner

The initial public offering for SpaceX is well oversubscribed.

We are told banks leading this offering are expected to stop taking orders from institutional investors on Wednesday after the market closes in New York at 4 p.m.

Wall Street time.

Here is Matt with Heiler.

He is head of late stage growth at Wellington Management.

That is Matt Witheyler.

He is head of late-stage growth at Wellington Management.

SpaceX is looking to raise about $75 billion in this IPO, which would in turn value the company at around $1.8 trillion.

And that is news when you want it.

With Bloomberg News Now, I'm Doug Krisner, and this is Bloomberg.

News when you want it.

With Bloomberg News Now, I'm Doug Krisner.

OpenAI has filed confidentially for an initial public offering.

The company is looking to join AI rivals in tapping public markets to fund ambitious growth plans.

We are told OpenAI is working with Goldman Sachs and Morgan Stanley on a potential listing as soon as this fall.

However, deliberations are ongoing and details of the IPO plan could change.

Here is Bloomberg's Michael Haitha.

That is Bloomberg's Michael Haitha.

Today, Apple unveiled the next generation of its artificial intelligence platform.

This new system includes an overhauled Siri digital assistant, including a standalone Siri app with a more chatbot-like interface.