Stocks Cheer Fed Cut, Oracle Drags Tech | The Asia Trade 12/11/25

Medra has successfully raised $52 million to enhance its capabilities in drug discovery through the use of artificial intelligence-powered robots, aiming to establish one of the largest autonomous laboratories in the United States. This funding will allow Medra to accelerate its research and development efforts in the pharmaceutical sector.

Oracle's shares have plunged following a significant increase in the company's artificial intelligence spending, which has reached $15 billion. Analyst Alex Zukin from Wolfe Research suggests that this decline is more about a 'timing mismatch' rather than fundamental issues with the company itself.

Rivian has announced a significant investment in developing its own AI chip and a new lidar system, aiming to enhance its capabilities towards achieving driverless autonomy. This strategic move was reported by Bloomberg TV’s Ed Ludlow, highlighting Rivian's commitment to advancing its technology in the competitive electric vehicle market.

SpaceX is reportedly targeting an initial public offering (IPO) in 2026, aiming to raise over $30 billion, which would set a record for the largest IPO in history. This announcement comes as the company prepares to sell insider shares that could value it at up to $800 billion, reflecting strong investor confidence in its future prospects.

Will Whitehorn, chair of Seraphim Space and former chairman of Virgin Galactic, stated that SpaceX's decision to go public will create significant changes within the space industry, particularly affecting its suppliers. This perspective was shared during an interview on Bloomberg Tech with Ed Ludlow.

SpaceX is reportedly advancing plans for an initial public offering (IPO) in 2026, aiming to raise significantly more than $30 billion, potentially marking one of the largest IPOs in history. This information was shared by Phil Haslett, co-founder of EquityZen, during an interview on Bloomberg Tech.

Mark Zuckerberg is taking a hands-on approach at Meta Platforms Inc., directing a shift towards a money-making artificial intelligence model. This pivot comes as the company reassesses its financial priorities amidst ongoing scrutiny of its metaverse investments.

Nu Quantum, a British startup specializing in networking infrastructure for quantum computers, has successfully raised $60 million in a Series A funding round, marking one of the largest such rounds in the UK. This influx of capital is attributed to the ongoing artificial intelligence boom, which is driving investments in advanced technologies. CEO Carmen Palacios-Berraquero highlighted the significance of this funding in an interview with Bloomberg's Tom Mackenzie.