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June 12, 2026, 12:30 PM
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memeorandum
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| CNBC: |
SpaceX makes Nasdaq debut at $150 after pricing its shares at $135, giving it a market cap of $1.9T; Elon Musk becomes the world's first trillionaire — SpaceX shares soared on Friday as trading commenced on the Nasdaq, driving the rocket company's valuation above $2 trillion.
More: Paul Krugman, The Information, Reuters, Associated Press, CNBC, TechCrunch, Bloomberg Law, Gizmodo, Wall Street Journal, Proactive, Axios, Washington Examiner, Global Banking & …, Benzinga, Tech Times, Yahoo Finance, Newser, New York Times, The Tech Portal, CoinDesk, Mediaite, The Independent, and New York Post
X: @levie, @sriramk, @danprimack, @binarybits, and @bizcarson
| Reuters: |
SpaceX's trading debut will be a test of the “Musk premium”, the force behind Tesla's $1T+ valuation, and a gauge of investor appetite ahead of upcoming AI IPOs — SpaceX (SPCX.O) is set to begin trading on Nasdaq on Friday after investors poured $75 billion into the world's biggest IPO ever …
More: Nasdaq, Business Today, CoinDesk, Reuters, GeekWire, Mercury News, Barron's Online, Bloomberg, Forbes, Al Jazeera, Daily Mail, Fast Company, Business A.M, The Register, NewsMax.com, Yahoo Finance, Business Insider, Wall Street Journal, CNBC, Newser, Blockonomi, Axios, Benzinga, Bloomberg Law, The Week, and Semafor. Bluesky: @westernbirding.com
| Bailey Lipschultz / Bloomberg: |
SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each, giving it a market value of $1.77T — SpaceX has made history with the biggest-ever IPO, launching it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world's first trillionaire.
More: Reuters, SpaceX, TechCrunch, Benzinga, Inc, Bloomberg, NPR, Bloomberg Law, Associated Press, Decrypt, Fortune, New York Times, Variety, Los Angeles Times, Forbes, Fox Business, Washington Post, Financial Times, Yahoo Finance, Business Insider, Tech Times, The Merkle News, ABC, El País, Austin American-Statesman, Just Jared, The Sun, Wall Street Journal, MacDailyNews, Fast Company, CBS News, Semafor, The Next Web, Proactive, TESLARATI, New York Magazine, Pulse 2.0, GB News, Seoul Economic Daily, Times of India, Arabian Business, CBC News, Hindustan Times, The Irish News, The Indian Express, Telegraph, The Hill, Wired, The Neuron, ZeroHedge News, The Tech Portal, Forbes Middle East, The American Bazaar, Futurism, The Crypto Times, Coinpedia Fintech News, Verdict, ABC News, Watcher Guru, Capacity, Blockonomi, The Wrap, Business Today, South China Morning Post, Axios, Zeteo, HotAir, Mediaite, The Business Times, RedState, The Deep View, Yahoo Finance, NBC News, UPI, SiliconANGLE, crypto.news, CNBC, Agence France-Presse, Motley Fool, The Straits Times, The Asia Business Daily, Bloomberg, Chamath Palihapitiya, and The Japan Times
X: @chamath, @danprimack, @spacex, @danprimack, @jason, @litcapital, @biancoresearch, @eastdakota, @andrewcurran_, @jimstewartson, @elonmusk, @katie_roof, @leadlagreport, @rmac18, @garymarcus, @lexnfx, @corytv, and @leevalueroach. LinkedIn: Pascal Duval
Bluesky: @larryneufeldsk, @polycrisisnow, @zaratustra, @kimmasters, and @breakify
Forums: r/news, r/Anticonsumption, r/offbeat, r/Economics, r/news, r/worldnews, and r/SpaceXBets
| Bloomberg: |
More: TechCrunch, Forbes, The Next Web, Silicon Republic, Benzinga, Sourcery, Associated Press, and San Francisco Business Times. X: @danprimack
| Wall Street Journal: |
More: Crunchbase News, Forbes, Wall Street Journal, Barchart.com, Wired, Yahoo Finance, The Daily Upside, Deseret News, The Next Web, Washington Post, Axios, and New York Times. Bluesky: @marypcbuk
| Cecilia Kang / New York Times: |
Google sues Chinese cybercrime network Outsider Enterprise, accusing it of using Gemini AI to create fake websites and scam hundreds of thousands of Americans — Google warned that artificial intelligence had supercharged the problem of online scams.Andria Lo for The New York Times| Jaspreet Singh / Reuters: |
Meta confirms that a widespread outage is affecting its services, including Facebook and Instagram — Facebook-parent Meta (META.O) said on Friday that users were having trouble accessing the social media company's services. — “We're aware people are currently having trouble accessing our services.
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X: @andymstone and @thebobpony
| Lorenzo Franceschi-Bicchierai / TechCrunch: |
Oracle warns customers of a critical PeopleSoft flaw after ShinyHunters claimed breaches of 100+ organizations using PeopleSoft; Oracle has not issued a patch — Oracle warned its corporate customers that there is a critical-rated vulnerability in its PeopleSoft software … | Christopher Dring / The Game Business: |
Q&A with Xbox Chief Strategy Officer Matthew Ball about returning to console-exclusive releases, how using in-game ads could offset development costs, and more — ‘If Xbox can turn things around, the whole industry can,’ says Ball — Listen now on Apple, Spotify or YouTube
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X: @shinobi602, @kotaku, @gameoverthirty, and @ashenone_vi
Bluesky: @danhon.com and @klobrille
Forums: r/windowscentral, r/gaming, r/LastStandMedia, r/Games, r/PS5, and r/xbox
| New York Times: |
How Chinese manufacturers are dominating the humanoid robot supply chain in pace and price, even as the industry struggles to find a purpose for such robots — China's lead in humanoid robots was evident at last month's Humanoids Summit, a robotics conference in Tokyo.Videos by Qilai Shen and Hiroko Masuike
Bluesky: @dmnd.me
| Wall Street Journal: |
Companies with rising AI costs are increasingly using tools that tap cheaper models, including some from China, putting pricing pressure on OpenAI and Anthropic — Startups and tech giants alike are mixing and matching AI models to avoid the premium prices charged by industry leaders
More: New Republic, Fierce Network, Euronews, Understanding AI, Decrypt, and Semafor. Bluesky: @carlquintanilla
| Luc Cohen / Reuters: |
Sam Bankman-Fried loses his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of FTX — Sam Bankman-Fried lost on Friday his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded.| Reuters: |
Sources: Nvidia has told Chinese clients that its new Vera CPUs for AI data centers could be available as soon as August and that they can begin placing orders — Nvidia (NVDA.O) has told Chinese clients that its new “Vera” central processors for AI data centres could be available as soon …
More: Tom's Hardware, The Information, The Next Web, Benzinga, Blockonomi, and Tech in Asia
| FinSMEs: |
New York City-based Current, which manages a consumer fintech platform, raised an $80M Series E at a $1.5B valuation led by Springcoast Partners — Current, NYC-based provider of a consumer fintech platform, raised $80M in Series E equity financing, at a $1.5 Billion valuation.
More: Current, The Next Web, Coverager, and The SaaS News
| The Information: |
Anthropic is blindsiding its business partners by launching potentially competitive products with little warning, changing its pricing model, lying, and more — Weeks before Anthropic in April revealed Claude Design, an AI tool for creating designs and software application prototypes … | Kanoko Matsuyama / Bloomberg: |
Memory chipmaker Kioxia replaces Toyota as Japan's largest company by market value; Kioxia's shares surged 7.6% on Friday, lifting its market cap above ~$274B — Memory chipmaker Kioxia Holdings Corp. replaced Toyota Motor Corp. to become Japan's largest company by market value …
More: The Straits Times, Seoul Economic Daily, and Tech in Asia
| Bloomberg: |
Sources: French startup Mistral AI is in talks to raise ~€3B at a ~€20B valuation; it was last valued at €11.7B during a funding round in September 2025 — French startup Mistral AI is in talks to raise around €3 billion ($3.5 billion) at a valuation of roughly €20 billion …
More: Sifted, The Next Web, and The Decoder
| Christina Kyriasoglou / Bloomberg: |
Infineon plans to open a €5B chip factory in Germany backed by EU subsidies, its largest single investment, on July 2 as Europe seeks to boost chip production — Infineon Technologies AG is preparing to open its largest single investment, a €5 billion ($5.8 billion) … | Jon Brodkin / Ars Technica: |
Ted Cruz and Ron Wyden introduce the JAWBONE Act, which would let Americans sue US officials who try to coerce broadcasters or platforms into censoring speech — US Senators Ted Cruz (R-Texas) and Ron Wyden (D-Ore.) today introduced the JAWBONE Act, a proposed law that could fuel lawsuits …
More: Inside Radio, TheDesk.net, United States Senate, ACLU, U.S. Senate Committee …, Knight First Amendment …, The Foundation …, Reason, Americans for Tax Reform, The Verge, Roll Call, and Public Knowledge
X: @glukianoff, @carolyniodice, @glukianoff, @glukianoff, @patterico, @nicoperrino, @benbrodydc, @spencekjell, @prestonjbyrne, @thefireorg, and @adamthierer. Forums: Ars OpenForum
| Kenneth Shepard / Kotaku: |
Niantic Spatial says Pokémon Go data is “not part of” its deal with spatial AI company Vantor, after concerns that game data could be used for military drones — The company says it no longer receives data from the monster-catching app after Niantic was acquired by Scopely
More: Ars Technica, The Guardian, Gameranx, IGN, and Android Authority
Bluesky: @knoebel and @pokejungle
Forums: Hacker News and Slashdot
| Kayla Cobb / The Wrap: |
MrBeast hits 500M subscribers on YouTube, a record for the platform — The creator is the first to ever reach this milestone — MrBeast has broken yet another record. Jimmy Donaldson, aka MrBeast, hit 500 million subscribers on YouTube Friday, becoming the first creator ever to reach that amount.| Ivan Mehta / TechCrunch: |
Hyderabad, India-based Equal AI, which makes an eponymous AI-powered call screening app, raised a $30M Series B led by Prosus Ventures and Tomales Bay Capital — In India, consumers receive a lot of calls every day, ranging from spam and scams to delivery people and financial service companies trying to contact them.
More: The Economic Times, VCCircle, Livemint, Fortune India, Inc42, Entrackr, The Next Web, and Tech in Asia
| Carl Franzen / VentureBeat: |
Xiaomi releases MiMo Code V0.1.0, an open-source AI coding assistant that it says outperforms Claude Code on agentic coding and software engineering benchmarks — Xiaomi's MiMo AI team has open-sourced MiMo Code V0.1., a terminal-native AI coding assistant that the Chinese electronics giant … Sponsor Posts
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Zoho:
Zoho Mail Admin Console: A complete overview — You just got added as an admin for your company's Zoho Mail account. Someone from IT sends you a link, you log in, and there it is, a full console with everything …
Zoho Mail Admin Console: A complete overview — You just got added as an admin for your company's Zoho Mail account. Someone from IT sends you a link, you log in, and there it is, a full console with everything …
IDrive:
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Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Grit:
Ex-Twitter CEO on Why AI Needs a New Internet | Parag Agrawal
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Lenny's Podcast:
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Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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