🚀 IPOs - SpaceX Raises $75B in Largest IPO Ever

🚀 IPOs - SpaceX Raises $75B in Largest IPO Ever

SpaceX's IPO on Nasdaq in June 2026 raised $75B, surpassing Saudi Aramco as the largest IPO ever. The IPO was priced at $135 per share, with shares closing their first trading day at $160.95, valuing the company at roughly $2.1T. This massive fundraising effort will likely fuel further innovation and expansion in the space industry.

Key Points:

• IPO Mechanics: SpaceX's IPO involved the sale of 550 million shares at $135 per share, raising $75 billion in total.

• Market Reaction: Shares closed their first trading day at $160.95, valuing the company at roughly $2.1 trillion.

• Industry Impact: The massive fundraising effort will likely fuel further innovation and expansion in the space industry.

🔗 Resources:

• Original post ↗
• SpaceX IPO
• Nasdaq
• IPO Mechanics

📈 Kaspi - Emerging Market Discount

A company in Kazakhstan managed to build the superapp that $GRAB hopes to build. Kaspi $KSPI trades at a single-digit P/E with a fat yield. However, there are good reasons for this discount, including Kazakhstan user growth being tapped out.

Key Points:

• Kaspi's Superapp: Kaspi has built a superapp that rivals $GRAB's ambitions.

• Emerging Market Discount: Kaspi trades at a single-digit P/E with a fat yield due to emerging market risks.

• User Growth: Kazakhstan user growth is tapped out, contributing to the discount.

🔗 Resources:

• Original post ↗
• Kaspi
• $GRAB
• Emerging Market Discount

📊 Interest Rates - Oaktree's Memo

In his latest memo, @HMarksOfficial discusses recent attempts to rein in long-dated government bond yields. The only sustainable solution is responding to underlying factors pushing interest rates up, even if politically uncomfortable.

Key Points:

• Interest Rate Dynamics: Long-dated government bond yields are being pushed up by underlying factors.

• Sustainable Solution: Responding to these factors is the only sustainable solution, even if politically uncomfortable.

• Memo Insights: Oaktree's memo provides valuable insights into the current interest rate landscape.

🔗 Resources:

• Original post ↗
• Oaktree's Memo
• Interest Rate Dynamics

🤖 AI - Ex Machina Ep. 2

AI could disappoint because it's much harder than we think. Or because it's much easier. That's one of the tensions @zackbogue gets into with @richardmuirhead in Ex Machina Ep. 2, alongside nuclear, tech bio, and how to tell a real technological inflection point from hype.

Key Points:

• AI Complexity: AI could be much harder or easier than we think, leading to disappointment or surprise.

• Ex Machina Ep. 2: The episode explores the complexities of AI, nuclear, tech bio, and inflection points.

• Tensions and Insights: The discussion between @zackbogue and @richardmuirhead provides valuable insights into the AI landscape.

🔗 Resources:

• Original post ↗
• Ex Machina Ep. 2
• AI Complexity

🚀 In-Game Audience Map

Recently @Variety featured Overwolf Ads and its In-Game Audience Map launch. The new features include a free planning tool that lets brands enter audience segments like "parents of young children" and see which of 5,000+ PC games they play. It's built on Gamer Grid first-party data.

Key Points:

• In-Game Audience Map: Overwolf Ads has launched an In-Game Audience Map to help brands target specific audience segments.

• Free Planning Tool: The tool allows brands to enter audience segments and see which PC games they play.

• Gamer Grid Data: The feature is built on Gamer Grid first-party data.

🔗 Resources:

• Original post ↗
• Overwolf Ads
• In-Game Audience Map

🚀 Instinct Series C

Congratulations to Noah Shinn ( @noahrshinn ) and the Instinct team on their Series C. Instinct lives in messages, uses the same tools people do, and handles everyday tasks end to end, making “just handle it” feel possible. Coatue is excited to partner with the team.

Key Points:

• Instinct Series C: Instinct has raised Series C funding to further develop its AI-powered task automation platform.

• Task Automation: Instinct's platform uses AI to automate everyday tasks, making it easier for people to focus on more important things.

• Coatue Partnership: Coatue is excited to partner with the Instinct team to help drive growth and innovation.

🔗 Resources:

• Original post ↗
• Instinct
• Series C Funding

🚀 Frontier Labs

People leaving frontier labs have seen the market's gaps from inside. The creator of Jev also helped build ChatGPT. Silicon Valley calls it an earned secret. Applies to bitcoin financial services too. @mtanguma on Final Settlement.

Key Points:

• Frontier Labs: People leaving frontier labs have gained valuable insights into the market's gaps and opportunities.

• Earned Secret: The creator of Jev and ChatGPT has gained an earned secret about the market's gaps and opportunities.

• Bitcoin Financial Services: The insights gained from frontier labs also apply to bitcoin financial services.

🔗 Resources:

• Original post ↗
• Frontier Labs
• Earned Secret

🚀 Lawdragon 500

We are pleased to share that @lawdragon_news has named 33 Wilson Sonsini attorneys to its 2027 edition of Lawdragon 500 Leading Litigators in America. Learn more about the named attorney's and view the full list: https:// wsgr.com/en/insights/wi lson-sonsini-attorneys-named-among-2027-lawdragon-500-leading-litigators-in-america.html …

Key Points:

• Lawdragon 500: Wilson Sonsini attorneys have been named to the 2027 edition of Lawdragon 500 Leading Litigators in America.

• Named Attorneys: 33 Wilson Sonsini attorneys have been recognized for their expertise and achievements.

• Full List: The full list of named attorneys can be viewed on the Wilson Sonsini website.

🔗 Resources:

• Original post ↗
• Lawdragon 500
• Wilson Sonsini

🚀 Red Queen Bio

With @WSJ and @georgia_wells we are now sharing a bit more about our work at @redqueenbio : using AI and a lot of hard wet lab work to create medicines that let us prepare for both natural and synthetic viruses in advance.

Key Points:

• Red Queen Bio: Red Queen Bio is using AI and wet lab work to create medicines that prepare for natural and synthetic viruses.

• AI and Wet Lab Work: The company is combining AI and wet lab work to develop new medicines.

• Virus Preparation: The goal is to create medicines that can prepare for both natural and synthetic viruses.

🔗 Resources:

• Original post ↗
• Red Queen Bio
• AI and Wet Lab Work

🚀 Spatial Intelligence

World Labs' Dr. Fei-Fei Li on why the 3D world and spatial intelligence are fundamentally different from language models: "Language is fundamentally a purely generated signal. There's no language out there. You don't go out in the nature and there's words written in the sky for you to read."

Key Points:

• Spatial Intelligence: Dr. Fei-Fei Li highlights the differences between spatial intelligence and language models.

• 3D World: The 3D world is fundamentally different from language models.

• Language Models: Language models are purely generated signals, whereas the 3D world is a real-world phenomenon.

🔗 Resources:

• Original post ↗
• Spatial Intelligence
• Dr. Fei-Fei Li