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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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09.12.25 - 02:12
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Saudi Arabia Didn′t Learn Anything From China′s ′Ghost Cities′ (ZeroHedge)
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Saudi Arabia Didn't Learn Anything From China's 'Ghost Cities'
Authored by Stefan Barti via TheDailyEconomy.org,
You can't build a castle on sand, and you can't build a city on assumptions. Saudi Arabia unveiled The Line in January 2021 as a perfect, linear utopia stretching 170 kilometers across the desert. Three years later, the castle is already sinking.
When Crown Prince Mohammed bin Salman announced The Line on January 10, 2021, he promised a radical reimagining of urban life. “We need to transform the concept of a conventional city into that of a futuristic one.”
Tucked into the upper corner of the kingdom's Tabuk province, the city would run like a ruler through the Neom region, housing nine million people, the population of Austria, within just 34 square kilometers, all powered by renewable energy. It imagines a world where every need sits within a five-minute walk, yet one can cross the entire city in twenty minutes. But even in a country wealthy enough to seed rain...
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