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SpaceX’s $2 trillion IPO crowns Elon Musk as world’s first trillionaire

SpaceX went public on Nasdaq on June 12, 2026, debuting at $155 per share and closing above $161, which lifted its market value to roughly $2.1 trillion. The offering made Elon Musk the first individual whose net worth exceeded $1 trillion, and highlighted the company’s dominant position in launch services and satellite broadband.

Also developing:

  • Expensify completes $7.3M share buyback, signaling confidence in its SaaS growth
  • Amazon trims product titles to 75 characters and will auto‑rewrite longer titles with AI
  • Anthropic disables access to Fable 5 and Mythos 5 to comply with government directive

By the numbers: Cypress Creek Energy secures $3.5B financing for Arkansas solar and battery megaproject

DOJ clears $111 bn Paramount‑Warner merger, but challenges loom

The U.S. Department of Justice approved Paramount Skydance’s $111 billion acquisition of Warner Bros. Discovery, finding no need for divestitures. The deal is expected to generate $6 billion in synergies, yet it still faces a UK competition investigation and possible state‑level antitrust lawsuits in the United States.

Also developing:

  • Salesforce AI revenue soars 205% as stock slides to 52‑week low
  • Mexican fintech Clip secures $500 million round, valuation tops $2.5 billion
  • ARK Invest adds $20 million to Cellares Series D, backing automated cell‑therapy factories

By the numbers: Berkshire Hathaway invests $10 billion in Alphabet's private placement

SpaceX IPO fuels market rally, adds $75 billion to Musk’s portfolio

SpaceX’s long‑awaited IPO raised $75 billion, lifting U.S. major indices as the Dow closed at 51,207, the S&P 500 at 7,431 and the Nasdaq at 25,889. The market boost was further supported by optimism around a tentative Iran‑U.S./Israel nuclear framework.

Also developing:

  • BSP tightens vetting rules for virtual asset service providers
  • Analysts flag Palantir, Microsoft and ServiceNow as top SaaS buys amid sell‑off
  • Vornado closes on 49% stake in Park Avenue Plaza valued at $1.1 billion

By the numbers: Partners Group secures $650M in commitments for $1.5B real estate secondaries programme

MIAA Secures NAIA Terminal 3 Site in $857 Million Deal

The Manila International Airport Authority bought the 61‑hectare NAIA Terminal 3 property from the Bases Conversion and Development Authority for P48 billion (≈$857 million). The transaction includes a P10 billion (≈$179 million) down‑payment spread over 15 years and ends a 25‑year lease that cost P180 million annually. Ownership now shifts to MIAA, giving it long‑term control of the airport asset.

Also developing:

  • SEC warns of illegal online lenders masquerading as licensed firms
  • OpenAI says it is engaging constructively with state attorneys general
  • REMORA proposes €50 million autonomous CubeSat swarm to study asteroids

By the numbers: Parabilis Medicines IPO raises $2.4B

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