BlackRock Weighs $10B Investment in SpaceX IPO, Microsoft’s GitHub Alarm, Genspark COO on AI Apps

The tech industry faces a week of significant developments, headlined by Google’s I/O conference, Meta’s upcoming layoffs, and NVIDIA’s quarterly earnings. SpaceX’s potential IPO remains a focal point, with BlackRock reportedly considering a $5 billion to $10 billion investment, signaling strong institutional demand despite existing stakes held by other major firms. Meanwhile, Microsoft’s GitHub struggles with service outages and rising competition from AI coding tools like Cursor and Claude Code, prompting an urgent overhaul of its pricing and infrastructure. GenSpark co-founder Wen Sang highlights the company’s "mixture of agents" architecture, which leverages over 70 AI models to automate knowledge work. Data from The Information’s generative AI database reveals that 89% of revenue in the sector is concentrated within OpenAI and Anthropic, underscoring the dominance of model labs over application-layer startups.