Welcome to Startups Weekly — Haj’s weekly roundup of everything you can’t miss from the world of startups. sign up here to receive in your inbox every Friday. In a twist that shocks absolutely no one and delights arsonists who like to see money burn, Elon Musk’s latest venture, xAI, has attracted $6 billion in … Read more
Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. Saudi Arabia is selling about $12 billion worth of shares in its national oil company, Saudi Aramco, as the kingdom seeks additional capital for its sovereign wealth fund. The Saudi government will sell at least 1.545 … Read more
Leading online food delivery groups in Europe and the US have racked up more than $20 billion in combined operating losses since going public, after a fierce battle for market share. Shares in Deliveroo, Just Eat Takeaway, Delivery Hero and DoorDash — the four largest independent, publicly listed food delivery companies in the U.S. and … Read more