SpaceX Said to Pursue 2026 IPO, Raising Far Above $30 Billion

Stocks in Asia reacted positively to the Federal Reserve's recent interest rate cut, signaling optimism in the market. However, Oracle's disappointing earnings report has cast a shadow over the technology sector, highlighting the challenges faced by tech companies amid fluctuating economic conditions. Bloomberg's coverage from Tokyo and Singapore provides insights into these developments.

SpaceX, after years of resisting a public offering, is now preparing to go public, potentially targeting an initial public offering (IPO) in 2026. This shift comes amid plans to sell insider shares that could value the company at up to $800 billion, reflecting a significant change in strategy for the aerospace giant.

SpaceX is reportedly targeting an initial public offering (IPO) in 2026, aiming to raise over $30 billion, which would set a record for the largest IPO in history. This announcement comes as the company prepares to sell insider shares that could value it at up to $800 billion, reflecting strong investor confidence in its future prospects.

Will Whitehorn, chair of Seraphim Space and former chairman of Virgin Galactic, stated that SpaceX's decision to go public will create significant changes within the space industry, particularly affecting its suppliers. This perspective was shared during an interview on Bloomberg Tech with Ed Ludlow.

Laura Martin, a senior entertainment analyst at Needham & Co., discussed the competitive bids from Paramount and Netflix for Warner Bros. Discovery, highlighting the implications for regulatory approval and the entertainment industry. Paramount has made a hostile bid of $30 per share, while Netflix's agreement to acquire Warner Bros. is valued at approximately $72 billion.

SpaceX, led by Elon Musk, is poised to significantly influence the private market with a potential valuation of $2.9 trillion, as it prepares for a public offering that could set new records. This development comes amid strong investor interest and confidence in the aerospace sector, particularly as SpaceX is also set to offer insider shares that could value the company at $800 billion.

Mark Zuckerberg is taking a hands-on approach at Meta Platforms Inc., directing a shift towards a money-making artificial intelligence model. This pivot comes as the company reassesses its financial priorities amidst ongoing scrutiny of its metaverse investments.

A Los Angeles-based startup, Quilter, has achieved a significant milestone by using artificial intelligence to design a fully functional Linux computer consisting of 843 parts, completing the task in just one week. This process typically requires nearly three months of skilled engineering labor. The project, known as Project Speedrun, resulted in a computer that successfully booted on its first attempt with minimal human intervention.