Apple announced that CEO Tim Cook will leave his position on September 1 after more than a decade at the helm of the company. The startup Project Prometheus, backed by Jeff Bezos, is close to raising $10 billion at a valuation of $38 billion. These and other topics are covered in our review of key events by the morning of April 21.
Tim Cook is stepping down as CEO of Apple, with John Ternus set to take over the company.
Apple announced that CEO Tim Cook will step down on September 1 after over a decade at the helm and will transition to the role of chairman of the board, reports Yahoo Finance. He will be succeeded by senior VP of hardware engineering John Ternus. Cook called leading Apple "the greatest privilege" and expressed confidence in his successor.
Ternus has been with Apple since 2001 and has led hardware engineering since 2013. He has been involved in key product launches, including the iPhone and Mac, and is known for his attention to detail: in one project, he insisted on changes to even the smallest details, such as screw design, to meet the company's standards, the publication notes.
Bezos's AI startup Project Prometheus is close to raising $10 billion at a $38 billion valuation.
Jeff Bezos's AI lab is close to finalizing a deal to raise around $10 billion in a new funding round that values the startup Project Prometheus at $38 billion, reports the Financial Times citing sources. The deal could close soon, although final terms have yet to be finalized. Investors include JPMorgan and BlackRock.
The project focuses on developing AI solutions for engineering and manufacturing — from computers and cars to aerospace technology. Bezos is among the early investors and is participating in fundraising alongside co-founder and CEO Vikram Bhadra. Other co-founders — Shergill Ozair and William Gass — have not commented on the deal.
Amazon is investing up to $25 billion in Anthropic.
Amazon has agreed to invest up to $25 billion in Anthropic beyond the already invested $8 billion, strengthening its partnership in AI infrastructure development, reports CNBC. Of this amount, $5 billion will be invested immediately, with up to $20 billion contingent on achieving commercial milestones.
The deal is based on Anthropic's latest valuation of $380 billion. As part of the agreement, the company commits to spending over $100 billion on AWS technologies from Amazon over the next 10 years and to using Trainium chips for training Claude models, the channel reports.
SpaceX is trying to win Wall Street over ahead of its IPO with three days of meetings with analysts.
SpaceX is holding closed two-day meetings with analysts this week, aiming to secure support from Wall Street ahead of one of the most anticipated IPOs in history, reports Reuters. The company is hosting experts at its key sites — the Starbase launch facility in Texas and a data center in Tennessee — where it presents its business, strategy, and outlook. Some analysts, according to agency sources, have already received confidential materials related to SpaceX's IPO registration statement, although the document contains limited distribution information.
The offering could take place as early as the end of June: SpaceX aims to raise about $75 billion and achieve a valuation of around $1.75 trillion. As part of the preparation, the company will also hold a separate session to review the financial model, allowing analysts to formulate forecasts and recommendations for investors.
The IPO of Nvidia's supplier became the largest in Hong Kong in 2026.
Shares of Chinese Victory Giant Technology surged by 60% at the start of trading following the largest IPO in Hong Kong this year. The company, which supplies circuit boards for Nvidia, priced its shares at 209.88 Hong Kong dollars (HKD), reaching as high as 306.8 HKD during trading, according to CNBC. Victory Giant raised around 20.1 billion HKD ($2.57 billion) in the offering — the largest IPO in Hong Kong in the past seven months.
A strong debut reflects growing investor interest in tech listings in Hong Kong, despite market volatility due to the Middle East conflict, the channel notes. In the first quarter of 2026, companies raised 109.9 billion HKD through IPOs — almost six times more than the previous year. Other notable listings on the Hong Kong Stock Exchange include Montage Technology, MiniMax, and Manycore Tech, whose shares also surged on the first trading day.
What's happening in the markets
— The broad Japanese index Topix rose 0.1% on April 21, while Nikkei 225 gained 1.2%.
— The Hong Kong Hang Seng index rose by 0.1%, while the CSI 300 index of mainland China fell by 0.4%.
— In South Korea, the Kospi index increased by 2.3%, while Kosdaq remained almost unchanged.
— The Australian S&P/ASX 200 fell by 0.2%.
— Futures on the S&P 500 rose by 0.2%, Nasdaq Composite futures increased by 0.3%. Dow Jones Industrial Average contracts were up by 0.1%.
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