2026-06-12
A SpaceX-Tesla merger was a fantasy. The IPO just made it look plausible.
A SpaceX-Tesla merger has moved from rumour toward roadmap. On the day SpaceX began trading, the people around Elon Musk stopped waving the idea away. SpaceX President Gwynne Shotwell did the floating. Asked about merger chatter by CNBC, she said a tie-up “might make Elon’s life a little easier.” She added that “there are synergies […]<br /> This story continues at The Next Web [...]
2026-06-12
Founders Fund put $600M into SpaceX. The IPO just turned it into $50bn.
Founders Fund’s SpaceX bet has become one of the great venture trades. Peter Thiel’s firm put around $600m into the rocket company. At the IPO price, that stake is worth more than $50bn. That is roughly an 80-fold return. Few venture bets have ever paid out on this scale. The figure comes from Bloomberg. Founders […]<br /> This story continues at The Next Web [...]
2026-06-12
Current’s $80M Series E values the neobank below its 2021 peak
The Current Series E is in. The New York neobank raised $80m, led by Springcoast Partners, at a $1.5bn valuation. That headline hides the real story. In 2021, Andreessen Horowitz valued Current at $2.2bn. The new round sits about a third below that peak. So this is a down round. It is also, the company […]<br /> This story continues at The Next Web [...]
2026-06-12
‘This is going to make a massive difference’: iPhone snatchers are being foiled by our new Apple partnership, says the UK’s Met Police — and another clever iOS trick could be coming soon
The Met Police and Apple want to make stolen phones useless, and progress is already being made on that front. [...]
