SpaceX is raising $75 billion by selling 555.6 million shares at $135 each in the largest IPO on record, valuing the company at $1.77 trillion ahead of its Nasdaq debut Friday under ticker SPCX. The offering highlights Musk's control, Starlink profitability amid heavy AI spending, and ongoing losses that make the bet largely a wager on the founder.

Betting on SpaceX at the IPO price is largely a wager on Elon Musk, as the firm burns cash and generates far smaller revenue than trillion-dollar peers.
https://x.com/SpaceX/status/2065154746810327356
The 54-year-old would become the world's first trillionaire.
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Seattle startup funding dropped about 40% in the first half of 2026 while AI money flowed elsewhere, alongside a court loss for Kalshi, Impinj's 10-year Nasdaq milestone, and a local flip-phone detox trial. The developments highlight shifting venture dynamics, legal hurdles for prediction markets, corporate endurance, and growing interest in reducing smartphone reliance.
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