【Current News】 The SpaceX IPO Frenzy Is Real. So Is the $41 Billion Deficit.
Retail investors are not waiting for SpaceX to list before positioning themselves. According to Vanda Research, buying in space-themed ETFs and stocks is now running at its strongest pace since 2021, fueled by anticipation ahead of SpaceX's planned June IPO. The Procure Space ETF logged record retail net buying of $6.2 million on April 30, currently sitting at $3.8 million, roughly three times stronger than prior peaks. Redwire, which makes satellite infrastructure and spacecraft components, has attracted $41.1 million in retail net buying over the past 20 trading days.
The IPO details, as reported, are extraordinary in several respects.
SpaceX is targeting a June 11 pricing and a June 12 Nasdaq listing at a $1.75 trillion valuation, which would place it just below Nvidia, Apple, Microsoft, Alphabet, and Amazon on the list of the world's most valuable public companies. Goldman Sachs is leading the deal with 21 banks behind it. Perhaps the most unusual element is the retail allocation: 30% of the float is earmarked for retail investors, compared to the standard 5 to 10% in most major IPOs.
The business case has real substance. SpaceX reported $18.7 billion in total revenue for 2025, up 33% year on year. Starlink generated $11.4 billion of that, representing 61% of total revenue. The satellite internet service has signed long-term contracts with governments, airlines, maritime operators, and enterprise customers globally.
The financial picture carries a significant caveat though. SpaceX posted a GAAP net loss of $4.28 billion in the first quarter of 2026 alone and carries an accumulated deficit of $41.3 billion. A $1.75 trillion valuation on $18.7 billion in annual revenue implies a price-to-sales multiple well above what most public market investors would consider conservative.
Lee Munson, chief investment officer at Portfolio Wealth Advisors, was direct: "I don't think you do anything on day one of the SpaceX IPO. I would love to have these companies come out, see a big pop, and then actually buy it at a much lower valuation." He also flagged the 30% retail allocation as a yellow flag, suggesting the IPO is driven more by enthusiasm than strong institutional conviction.
The tension here is straightforward. SpaceX has genuine, large-scale revenue growth and technology that is genuinely difficult to replicate. IPO proceeds are reportedly earmarked for a higher Starship launch rate, AI-powered orbital data centers, and early groundwork for a permanent lunar base. The long-term vision is credible. The near-term valuation, the losses, and the unusual retail structure are all worth sitting with before the roadshow opens the week of June 8.
https://s.tgl-group.net/95h3ae
#SpaceX #IPO #TechInvesting #SpaceStocks #CommercialSpace
Retail investors are not waiting for SpaceX to list before positioning themselves. According to Vanda Research, buying in space-themed ETFs and stocks is now running at its strongest pace since 2021, fueled by anticipation ahead of SpaceX's planned June IPO. The Procure Space ETF logged record retail net buying of $6.2 million on April 30, currently sitting at $3.8 million, roughly three times stronger than prior peaks. Redwire, which makes satellite infrastructure and spacecraft components, has attracted $41.1 million in retail net buying over the past 20 trading days.
The IPO details, as reported, are extraordinary in several respects.
SpaceX is targeting a June 11 pricing and a June 12 Nasdaq listing at a $1.75 trillion valuation, which would place it just below Nvidia, Apple, Microsoft, Alphabet, and Amazon on the list of the world's most valuable public companies. Goldman Sachs is leading the deal with 21 banks behind it. Perhaps the most unusual element is the retail allocation: 30% of the float is earmarked for retail investors, compared to the standard 5 to 10% in most major IPOs.
The business case has real substance. SpaceX reported $18.7 billion in total revenue for 2025, up 33% year on year. Starlink generated $11.4 billion of that, representing 61% of total revenue. The satellite internet service has signed long-term contracts with governments, airlines, maritime operators, and enterprise customers globally.
The financial picture carries a significant caveat though. SpaceX posted a GAAP net loss of $4.28 billion in the first quarter of 2026 alone and carries an accumulated deficit of $41.3 billion. A $1.75 trillion valuation on $18.7 billion in annual revenue implies a price-to-sales multiple well above what most public market investors would consider conservative.
Lee Munson, chief investment officer at Portfolio Wealth Advisors, was direct: "I don't think you do anything on day one of the SpaceX IPO. I would love to have these companies come out, see a big pop, and then actually buy it at a much lower valuation." He also flagged the 30% retail allocation as a yellow flag, suggesting the IPO is driven more by enthusiasm than strong institutional conviction.
The tension here is straightforward. SpaceX has genuine, large-scale revenue growth and technology that is genuinely difficult to replicate. IPO proceeds are reportedly earmarked for a higher Starship launch rate, AI-powered orbital data centers, and early groundwork for a permanent lunar base. The long-term vision is credible. The near-term valuation, the losses, and the unusual retail structure are all worth sitting with before the roadshow opens the week of June 8.
https://s.tgl-group.net/95h3ae
#SpaceX #IPO #TechInvesting #SpaceStocks #CommercialSpace
Nvidia launches DLSS 4.5 Ray Reconstruction
Nvidia introduced DLSS 4.5 Ray Reconstruction at Computex, compatible with all GeForce RTX cards including older RTX 20 series.
It uses a second-generation neural network trained on Nvidia’s supercomputer to clean up ray tracing noise by reconstructing missing pixels while combining denoising and resolution scaling.
This new engine delivers 35% more compute power and uses 20% more parameters at the same speed.
Nvidia claims it improves lighting accuracy and image stability in motion, reducing artifacts like ghosting in games such as Indiana Jones and refining screen noise effects in Alan Wake 2.
Nvidia introduced DLSS 4.5 Ray Reconstruction at Computex, compatible with all GeForce RTX cards including older RTX 20 series.
It uses a second-generation neural network trained on Nvidia’s supercomputer to clean up ray tracing noise by reconstructing missing pixels while combining denoising and resolution scaling.
This new engine delivers 35% more compute power and uses 20% more parameters at the same speed.
Nvidia claims it improves lighting accuracy and image stability in motion, reducing artifacts like ghosting in games such as Indiana Jones and refining screen noise effects in Alan Wake 2.
🚨BREAKING: 🇺🇸🇬🇧 Anthropic Takes The Lead Among Major Private AI Companies At A ~$965B Valuation, Overtaking OpenAI At ~$852B While Databricks Stands At ~$134B.
THE NEXT AI POWERHOUSES COMPANIES🚨BREAKING: 🇺🇸🇬🇧 Anthropic Takes The Lead Among Major Private AI Companies At A ~$965B Valuation, Overtaking OpenAI At ~$852B While Databricks Stands At ~$134B.
THE NEXT AI POWERHOUSES COMPANIES🚨BREAKING: 🇺🇸🇬🇧 Anthropic Takes The Lead Among Major Private AI Companies At A ~$965B Valuation, Overtaking OpenAI At ~$852B While Databricks Stands At ~$134B.
on the CapTech terminal: Kevin Warsh’s Federal Reserve will need to raise interest rates by the end of 2026 to tame the burst of inflation sparked by Donald Trump’s Iran war, leading economists said as he prepares for his first meeting as chair.
Listed on the CapTech Terminal, health tech startup AfriHealth AI in collaboration with Alkermes labs said an experimental drug improved wakefulness and reduced daytime sleepiness in people with a form of narcolepsy, a finding that suggests a promising new class of medicines could help more patients than originally expected
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One terminal. Dozens of markets. Complete control.
CapTech is officially launching on August 1st, 2026, bringing the first unified ecosystem for public and private markets to the East African region. We are bridging the gap between local opportunities and global financial standards.
✅ Real-time Analytics: Data-driven insights at your fingertips.
✅ Built-in Risk Controls: Institutional-grade security for every trade.
✅ Total Market Access: From Blue Chips and Pre-IPO to Crypto and Secondaries.
Early testers across the region are already seeing the difference:
“CapTech transformed how we access private markets and crypto—all in one secure dashboard.”
Ready to see how we are revolutionizing the East African financial landscape? Join our Live Demo TODAY at 11:00 GMT.
👉 Link in Bio
Brent oil erased all of its wartime gains after flows through the Strait of Hormuz ramped up following progress on a US-Iran peace deal..Read more on this on the CapTech Terminal
A year after a deadly ICE raid on Glass House's massive cannabis farms and months after the Trump Administration reclassified medical marijuana, Glass House is preparing to trade on the New York Stock Exchange, harvest 1 million pounds of weed and export its product all over the world.
Read more on the CapTech Terminal
Read more on the CapTech Terminal
South Korea’s president is set to unveil an ambitious plan aimed at cementing its status as a technological powerhouse, with companies led by Samsung and SK Hynix expected to announce large-scale investments. Follow along for the latest.
Read more in the CapTech Terminal
Read more in the CapTech Terminal
Warren Buffett has decided to skip his midyear donations to the Gates Foundation for the first time in two decades, as he waits for the results of a review into the organization’s links to late sex offender Jeffrey Epstein, WSJ reports.
Read more on the CapTech Terminal
Read more on the CapTech Terminal
The cryptocurrency market in Germany is expected to gain significant momentum in the coming months as millions of people will soon be able to trade virtual currencies directly through their local banks
Read more on the CapTech Terminal
Read more on the CapTech Terminal