THE BRIEFING
IS ELON MUSK REALLY TAKING SPACEX PUBLIC?
Remember when Elon Musk said“ I’ m hesitant to take SpaceX public until we’ re on the way to Mars, or at least that Mars is certain”? The Red Planet is by no means certain, but the SpaceX CEO has cooled his views on an IPO process he once labelled a possible“ disaster”. Reports from Reuters, The Economic Times and more now suggest that SpaceX is proceeding with‘ Project Apex’, a major IPO involving as many as 21 banks. And, in true Elon Musk style it’ ll be big. Really big. Reuters reports SpaceX could be listed on the Nasdaq by June with a projected US $ 1.75tn valuation.
US $ 1.75tn
Predicted list price of SPACEX on Nasdaq
CREDIT: SPACEX
MICROSOFT’ S AI RESHUFFLE
CREDIT: GETTY IMAGES
Satya Nadella has ended Microsoft’ s AI startup phase, instigating a strategic shift that moves the tech leader firmly from experimental to operational. The changes elevate EVP Jaco Andreou to lead a more unified product experience that brings together consumer and Copilot teams. At the same time, Microsoft AI CEO Mustafa Suleyman has stepped back from day-to-day product operations to lead a dedicated‘ superintelligence’ mission aimed at eventually decoupling Microsoft from its reliance on OpenAI.