HiddenLayer, an AI security company, has raised $100 million in Series B funding led by Delta-v Capital. Participants include Ten Eleven Ventures, Morgan Stanley, M12, and Booz Allen Ventures. The Austin-based firm secures agentic, generative, and predictive AI applications. It will use the capital to expand its enterprise platform, including Agentic Runtime Security and Agent Harness Security, which protects autonomous coding agents at runtime. HiddenLayer's annual recurring revenue grew more than tenfold, and it signed over 50 new platform customers across sectors including banking, pharmaceuticals, and US defence. The company supports a frontier model provider serving more than 700 million weekly users. HiddenLayer's research team holds 39 granted patents and 65 pending patents in adversarial detection and model protection. The firm recently appointed Mike Gesnaldo as chief revenue officer.

Manulife Financial Corporation reveals its plans for a $750 million public offering of subordinated notes, aimed to strengthen regulatory capital.

Elon Musk predicts SpaceX could reach approximately $3.5 trillion in annual revenue by 2033, seven years ahead of Morgan Stanley's forecast for 2040. The estimate extends Musk's earlier $1 trillion projection for 2030. SpaceX has never published official revenue targets in any filing. The company booked $18.67 billion in 2025, meaning Musk's projection requires roughly 92% annual growth for eight consecutive years. SpaceX's AI unit grew 247% to $2.56 billion last quarter, whilst Starlink subscribers doubled to 12 million. Of $18.4 billion in second-quarter capital spending, $15.8 billion went to AI development. The company estimates its addressable AI market at $26.5 trillion. SpaceX stock trades near $141, approximately 38% below its June peak, valuing the company at roughly $1.91 trillion.