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Term Sheet

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Fortune’s Term Sheet newsletter covers the latest news, insights, and analysis on private equity, venture capital, start-ups, mergers and acquisitions, high-value deals, and the dealmakers behind them. Subscribe to receive Term Sheet in your inbox every weekday morning. Sign up here.
SpaceX headquarters outside
Startups & Venture
SpaceX’s first employee, Tom Mueller, thinks the historic IPO is just the beginning
By Lily Mae LazarusJune 12, 2026
A man in a suit jacket gestures with his hands.
AI
SpaceX is about to make history—and 80% of VCs won’t see a dime of it
By Amanda GerutJune 11, 2026
Geoffrey von Maltzahn and Kimberly Powell on stage at Fortune Brainstorm Tech
AI
AI drug discovery leaders warn U.S. health funding cuts risk falling behind global rivals
By Lily Mae LazarusJune 10, 2026
Exclusive: The startup that’s dressing up crypto for Wall Street raises $175 million in a round led by a16z crypto, Paradigm, and Ribbit Capital
Newsletters
Exclusive: The startup that’s dressing up crypto for Wall Street raises $175 million in a round led by a16z crypto, Paradigm, and Ribbit Capital
By Ben WeissJune 9, 2026
from left to right: Omer Gull, Yuval Itzchakov, and Yossi Torati
Cybersecurity
Why Lightspeed and Wiz’s Assaf Rappaport bet $37 million on an AI-powered cyberattacker
By Lily Mae LazarusJune 8, 2026
Trae Stephens touches his chin while speaking
Startups & Venture
Anduril’s Trae Stephens says defense tech is headed for a shakeout
By Lily Mae LazarusJune 5, 2026
Itai Ben-Zaken poses with his arms crossed while wearing a suit.
Startups & Venture
Exclusive: Investors bet $40 million on Honeycomb’s no-inspection landlord insurance AI
By Lily Mae LazarusJune 4, 2026
Jean-Denis Greze (left) with a company avatar, and Tony Vincent (right) with a company avatar.
Newsletters
Town’s AI assistants learn your life—Andreessen Horowitz and Forerunner just backed the vision with $55 million
By Lily Mae LazarusJune 3, 2026
dario
Newsletters
Anthropic’s confidential S-1 signals summer AI IPO race could heat up fast
By Allie GarfinkleJune 2, 2026
Exclusive: Mecka AI raises $60 million to train robots with human data sourced from body sensors and iPhones
Newsletters
Exclusive: Mecka AI raises $60 million to train robots with human data sourced from body sensors and iPhones
By Ben WeissJune 1, 2026
Ankur Jain smiles in a green long sleeve shirt
Banking
Ankur Jain says Bilt is building the ‘Shopify for housing’—and the company’s card is only the beginning
By Lily Mae LazarusMay 29, 2026
SpaceX CEO Elon Musk unveiling the company's new manned spacecraft in Hawthorne, Calif. on May 29, 2014. (Photo: Kevork Djansezian/Getty Images)
Newsletters
The key disclosures missing from SpaceX’s S-1
By Allie GarfinkleMay 28, 2026
hassabis
Newsletters
Demis Hassabis on his rush to ‘solve all disease’ and Isomorphic’s new $2.1 billion
By Allie GarfinkleMay 27, 2026
Ali Hussain (left) and Mike MacLennan (right) smile
AI
Exclusive: The next wave of AI drive-thrus is here—and a16z and Arc think it finally works
By Lily Mae LazarusMay 26, 2026
dario
Newsletters
‘A pressure cooker ready to explode’: The wild secondaries scramble for Anthropic shares
By Allie GarfinkleMay 22, 2026
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Most Popular
Energy
U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oilplaceholder alt text
By Sasha RogelbergAugust 17, 2026
Success
A dropout living in a trailer, he got $1 million from Peter Thiel at 19—now he's a billionaire who says the American Dream isn't deadplaceholder alt text
By Orianna Rosa RoyleAugust 18, 2026
Success
Billionaire Gen Zer dropped out of high school to launch his startup at 17—now he’s the richest self-made 25-year-old in the U.K and all of Europeplaceholder alt text
By Emma BurleighAugust 17, 2026
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