SpaceX's Starlink satellite internet service is accelerating user growth as the company moves closer to a potential public market debut, according to a new report. The development signals renewed investor interest in the broadband division, which has emerged as one of SpaceX's most commercially viable units alongside its launch business. Starlink operates a low-earth-orbit constellation that delivers broadband to underserved and remote regions, giving it a structurally differentiated market position relative to terrestrial ISPs. Accelerating subscriber additions would strengthen the unit's standalone valuation case ahead of any IPO or listing event. Analysts and institutional investors have long viewed a Starlink separation or public offering as a key liquidity event for SpaceX's private backers. A formal timeline, pricing range, or listing venue has not been confirmed by the company, so the near-term watch point is whether SpaceX provides any official guidance on structure or sequencing of a potential offering.
HDFC Bank's board has approved Rajiv Kumar, former Chief Election Commissioner and financial services secretary, as its Part-time Non-Executive Chairman from June 30, 2026. His chairmanship still requires RBI approval, but the move ends the bank's prolonged search for a permanent board leader.
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
Jet fuel costs dropped sharply after a US-Iran interim peace deal, but airlines are expected to use the savings to rebuild margins rather than cut fares. Tight capacity, aircraft delivery delays, and weak budget carriers give major carriers unusual pricing power heading into the second half of 2026.
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
