SpaceX is moving toward a public offering that would set a new record for the largest IPO in history, targeting a total valuation of $2 trillion. Elon Musk, who controls the company, plans to list only a small fraction of SpaceX's equity to raise $75 billion from public investors, a structure designed to maximize capital inflow while preserving his operational control. The $2 trillion target would dwarf previous IPO benchmarks, including Saudi Aramco's 2019 offering, which raised roughly $25.6 billion at a $1.7 trillion valuation. By floating a thin slice of equity, Musk limits dilution and maintains decision-making authority, a pattern consistent with his approach at Tesla and X. The raise would inject significant liquidity into public markets and likely trigger a repricing of comparable aerospace and satellite assets. Investors will watch the fraction of shares offered, lock-up structures, and whether the listing targets U.S. exchanges or an alternative venue, all of which will determine price discovery and secondary market dynamics.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
