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19.12.25 - 07:42
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Saudi Arabia′s 2034 World Cup stadium plans face delays and cost-cutting (The Guardian)
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Bid includes 11 new stadiums but PIF wants to cut costsArchitecture firms asked to resubmit plans, Guardian toldSaudi Arabia's construction of stadiums for the 2034 World Cup is facing delays owing to a desire from the Public Investment Fund (PIF), the kingdom's sovereign wealth fund, to scale back costs.The Guardian has been told that several architecture firms awarded contracts to build stadiums in Saudi have been asked to resubmit plans because their designs have been deemed too expensive, and contractors due to start work next year have been told the build will not begin on time. Continue reading......
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10.12.25 - 14:30
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SpaceX Reportedly Targeting 2026 IPO That Could Rival Saudi Aramco′s Historic Listing (ZeroHedge)
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SpaceX Reportedly Targeting 2026 IPO That Could Rival Saudi Aramco's Historic Listing
SpaceX is preparing a record-breaking IPO targeting a valuation of roughly $1.5 trillion, with expectations to raise $30 billion or more and debut in the second half of 2026. If the Bloomberg report is accurate, the offering would surpass Saudi Aramco's 2019 listing and become the largest public listing in history.
The report says SpaceX management and advisers are seeking a 2H26 listing that could raise more than $40 billion in stock, making it the largest IPO of all time, well above Saudi Aramco's $29 billion listing.
Current internal valuation (based on a secondary share price of around $420) already places SpaceX above $800 billion, according to the people familiar with the discussions.
Wild to look at SpaceX's valuation history.
If this chart were linear, the first 10 years would basically be invisible, even when it became a unicorn in 2010.
Years of grinding… then rocket reusability + Starlink, an...
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