Loren Grush / Bloomberg:
Internal message: SpaceX has authorized an insider share sale at $421/share, valuing the company at ~$800B, and said it's preparing for a possible IPO in 2026  —  SpaceX has authorized an insider share sale that values Elon Musk's rocket and satellite maker at about $800 billion …

The holidays have a way of sneaking up on us. One minute you're trick-or-treating with your kids, and the next you're panic shopping in a Buc-ee's gift aisle. But it doesn't have to be that way. With the right cheat sheet, you can keep the holiday spirit high and stress levels low. Fortunately, we did […]

Rachyl Jones / Semafor:
Singapore-based ChemLex raised a $45M funding round led by Granite Asia to build an AI-powered, automated chemistry lab to accelerate drug discovery  —  Singapore-based ChemLex raised $45 million to build out its autonomous chemistry lab with hopes it can speed drug discovery and therapy development …

Bloomberg:
Sources: Intel is in advanced talks to acquire AI chip startup SambaNova for about $1.6B including debt; the deal could come together as soon as next month  —  Intel Corp. is in advanced talks to acquire artificial intelligence chip startup SambaNova Systems Inc. for about $1.6 billion including debt …

Andrew Welsch / Barron's Online:
Automated digital wealth management company Wealthfront's stock closed up 1.36% in its Nasdaq debut, valuing it at ~$2.7B, after raising $486M in its IPO  —  Wealthfront stock trades on the Nasdaq under the ticker symbol WLTH.  Its IPO priced at the top of its expected range.