The upcoming IPOs for SpaceX, OpenAI and Anthropic are bringing venture capital close to its biggest-ever returns.

Forbes’ latest Midas List of top venture capital investors is fueled by these three firms, and then some. Vinod Khosla once again is the world’s top investor after writing the first institutional check for OpenAI back in 2019.

But the list also features a record 25 newcomers, including Spark Capital partner Yasmin Razavi, who led a 2023 round for Anthropic.

This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here.

Micron Technology’s latest rally made CEO Sanjay Mehrotra a billionaire as demand for memory chips used in AI servers has exploded.

Elon Musk is reportedly considering merging Tesla with SpaceX, and Wall Street expects the companies to combine after the aerospace giant’s upcoming IPO.

Tensions between the U.S. and Iran spiked again late Wednesday after the U.S. launched new strikes on a drone launch site in the region, while the Islamic Revolutionary Guard Corps claimed it had targeted an American airbase.

Robinhood users will now be able to trade stocks using AI agents, the latest of many finance companies to push AI integration. The app will allow customers to open dedicated agentic trading accounts separate from their standard accounts, enabling their AI agents to autonomously buy and sell stocks with the funds they have access to.

New York City-based startup Pace raised $46 million, giving it a $375 million valuation, to address the insurance industry’s very old........

© Forbes