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BlackRock ordered $5 billion in SpaceX shares as IPO demand hit $250 billion, nearly 4x oversubscribed

BlackRock submitted an order to buy at least $5 billion in SpaceX shares ahead of Friday’s debut, the Wall Street Journal reported. That single order is nearly as large as the entire $5.5 billion Cerebras IPO, the biggest of 2026 so far. SpaceX has told banks it will not budge from its $135 per share […]

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SpaceX’s IPO is expected to mint 4,000 new millionaires, from engineers to cafeteria workers

More than 4,000 current and former SpaceX employees are expected to become millionaires when the company begins trading on Nasdaq this week, according to an analysis by Hill.com. Of those, approximately 400 are projected to hold stakes worth $100 million or more. The wealth creation will not be limited to engineers and executives. SpaceX has […]

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India froze Starlink approvals over Iran fears, days before SpaceX’s record IPO

India has effectively frozen the approvals Starlink needs to begin commercial operations in the country. Security agencies under India’s Ministry of Home Affairs withheld final clearances after SpaceX allowed Starlink access inside Iran despite not having a licence to operate there, Bloomberg reported. The timing is awkward: SpaceX’s IPO, expected to raise $75 billion at […]

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SpaceX’s $75 billion IPO is massively oversubscribed, with single investors placing $10 billion orders

SpaceX’s initial public offering has attracted institutional orders for multiple times the available shares, according to people familiar with the matter. Multiple investors have individually placed orders of $10 billion or more. Banks leading the deal told investors on Tuesday that demand increased further after management meetings, and the offering was described as well oversubscribed. […]

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An ex-scooter founder raised $5M to build AI data centres in orbit, where the sun never sets

AI is running out of power, and out of places to put it, on Earth. A Los Angeles startup wants to solve both problems by leaving the planet. Orbital, a space-infrastructure company building AI data centres in low Earth orbit, has raised a $5mn oversubscribed pre-seed round led by a16z speedrun, with a long list […]

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