Bending Spoons IPO Spotlights Scavenger Hunt

The July 4 long weekend is just days away, which means this week should be quiet on the news front. But we can expect more drama coming out of the Washington-AI industry wrangling—with the increasing competitiveness of Chinese AI models raising the stakes.

Meanwhile, the trajectory of SpaceX shares will be worth watching. A Friday report on Bloomberg that SpaceX’s recently issued bonds were trading down suggests investor confidence in Elon Musk’s rocket-and-cloud firm isn’t what it could be. Aside from that, there is one news event scheduled that might be worth watching—the public debut on Wednesday of Bending Spoons, the Italian scavenger of discarded digital businesses. In just the past year, it has bought AOL, Vimeo and Eventbrite.