Few companies have gone public with books as unusual as OpenAI’s. At first glance, the company portrayed by the AI startup’s financial statements, reviewed by The Information, resembles a lean, low-debt software business. Its balance sheet, as at March 31, had zero debt and less than $750 ...

SpaceX’s strong first week of trading made one thing clear: Racing through its IPO at warp speed cost it nothing. The company went from initial confidential filing to listing in…

OpenAI has zero debt and just $46mn of quarterly capex. Ahead of its IPO, that suspiciously clean balance sheet is becoming the question, not the pitch.