Good evening, this is Markets Desk with the stories moving the conversation tonight.
Triller, the cash-strapped media startup whose employees say they haven't been paid in nearly a year and haven't heard from management in months, is now pursuing a four hundred eleven million dollar position in SpaceX. The move raises serious questions about fiduciary priorities when your own workforce is effectively abandoned.
Shifting to the IPO pipeline, OpenAI has confidentially filed its prospectus with the Securities and Exchange Commission, but sources close to the process say no investor roadshow meetings have been scheduled and no timeline has been set. The company itself acknowledged it may be a while before shares hit the public market, suggesting this listing remains firmly in the early innings.
And in California politics with real tax-policy implications, the Service Employees International Union Healthcare Workers West is pushing forward with a ballot measure that would impose a one-time five percent tax on individuals whose net worth exceeds the billionaire threshold. Governor Gavin Newsom opposes the state approach, arguing instead for a federal billionaire tax paired with a national public equity fund giving every American a stake in the country's largest artificial intelligence companies.
That's the tape. Markets Desk, signing off the floor.
