Z.ai shares fell more than 10% after the Chinese AI company announced a $5 billion fundraising round, its second major capital raise in two months.
11:03 PMCNBC2 stories from 2 sources
Sunday, September 13, 2026
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Low-profile venture capital firm Vy Capital has become one of SpaceX’s largest shareholders, with a stake valued at about $40 billion.
12:00 AMFinancial Times11:03 PMCNBC
Z.ai shares tumble over 10% after $5 billion fundraising, its second major raise in two months
Summary
Z.ai shares fell more than 10% after the Chinese AI company announced a $5 billion fundraising round, its second major capital raise in two months.
The market treated the new funding as a negative signal despite the cash injection. The
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The selloff shows that scale alone is no longer enough to reassure investors in China's costly AI race.
12:00 AMFinancial Times
Musk’s secretive backer builds $40bn SpaceX stake
Summary
Low-profile venture capital firm Vy Capital has become one of SpaceX’s largest shareholders, with a stake valued at about $40 billion.
The size of Vy Capital’s position makes it a major beneficiary of SpaceX’s rising private
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Vy Capital’s stake gives a little-known investor substantial exposure to one of the world’s most valuable private companies.
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