SpaceX
SpaceX IPO exposes limits of tokenized stock access
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Crypto platforms faced allocation shortfalls during SpaceX's IPO last week, leading several exchanges to cancel tokenized offerings and issue refunds. The episode revealed differences between various tokenized products and their ability to deliver actual shares.
Elon Musk announced that Grok 4.5 has entered private beta testing at SpaceX and Tesla. The model is based on a 1.5T V9 foundation model with added Cursor data.
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SpaceX sent a demonstration capsule for its secretive Starfall system into low Earth orbit from Cape Canaveral, Florida. The launch marks an early test of technology intended to return cargo manufactured in space.
SpaceX began trading on Nasdaq on Friday, bringing the largest Bitcoin position ever attached to an initial public offering onto public markets. The company disclosed holdings of 18,712 Bitcoin valued at $1.29 billion.
SpaceX has attracted $250 billion in investor interest for its planned initial public offering, making the deal nearly four times oversubscribed. The company set a fixed price of $135 per share, valuing it at around $1.8 trillion.
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Bitcoin traded around 63000 dollars on Tuesday as market participants eyed the upcoming SpaceX initial public offering for signs of renewed risk appetite. The cryptocurrency had dipped below 60000 last week before recovering some ground.
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