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AI NewsSpaceX IPO: Everything you need to know

SpaceX IPO: Everything you need to know

7:43 PM IST · June 12, 2026

SpaceX IPO: Everything you need to know

SpaceX has captured the attention of media, investors, and the public for years now — interest propelled by the company’s reusable rocket launches, the rise of its Starlink satellite network, and of course, for its founder and CEO Elon Musk. But in its 24-year history, nothing quite compares to this initial public offering. Everyone seems to be interested, and perhaps it’s because of the sheer size of this IPO. The company priced its 555.6 million shares at $135 each to raise $75 billio, making it the largest IPO in history. At this price, the deal also looks set to make Musk the world’s first trillionaire. TechCrunch has followed SpaceX’s start, struggles, and successes from the early days. And we’re here for what happens next too. This article will be continually updated with all of the latest SpaceX IPO news. With an offering this large, there is a lot of financial machinery operating behind the scenes — so the first question is just when the stock makes it to the market to start trading. SpaceX is debuting on NASDAQ and you can see the official NASDAQ listinghere, which will have the price of record as soon as there is one. NASDAQ also has video of the SpaceX crewringing the bell, if that’s your thing. But the price is just part of the picture. For the most up-to-the-minute information, your best bet is still financial press outlets likeBloombergandCNBC, both of which have liveblogs running and will have close coverage of anything hiccups that happen in getting the stock to market. Here we look at some of the bigger numbers, the consequential figures, and the eyewatering amounts that make up the company’s S-1 form. For instance, SpaceX lost $4.9 billion on revenues of over $18 billion in 2025. That’s only a fraction of the more than $37 billion lost since SpaceX’s inception. As CEO, Elon Musk holds about 85.1% of the company’s voting power. You can read more about that in the next section “Who wins and who doesn’t” — and we’ll continue to drop interesting numbers in here. Here is another figure that caught our attention
 4,400. That’s the number of SpaceX employees who could become millionaires,according to the NYT. Elon Musk can’t hear you over the sound of his $1.75 trillion IPO: The Equity podcast weighs in on the IPO SpaceX is the world’s largest IPO in history and means a big payday for some investors, employees, and of course, Elon Musk.How Elon Musk will increase his power through the SpaceX IPO: Musk, who will have more than 50% of the voting power, will have a monarchical grip over the publicly-traded version of SpaceX — control that goes far beyond what other tech founders enjoy. Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle: Elon Musk has the largest stake in SpaceX by billions of shares, but others also stand to win. Here’s the rundown of who owns what. SpaceX SPV investors won’t know their true holdings until post-IPO lock-ups lift: After SpaceX makes its public debut, lower-tier SPV investors face hidden fees, lengthy payout delays, and the risk of outright fraud. The S-1 registration documentgave the world an unprecedented look inside SpaceX, including its financials and its various businesses. The S-1 continued to be amended as the IPO date approached, and we were on it. Here is what we found. The SpaceX IPO filing is filled with AI bets, Starship dreams, and Elon Musk at the center:The contents of the SpaceX IPO details a business dominated by its Starlink satellite internet offering, more than $37 billion in losses, and future business prospects through its xAI division. Starship’s path to reusability looks murky after SpaceX’s S-1: SpaceX’s IPO and Starship rocket test flight delivered two big data points that offer a realistic vision for the coming years — and one that may disappoint both the company’s boosters and its critics. SpaceX warns investors of future dilution, adding fuel to Tesla merger rumors: The company added new language to its S-1, a warning to prospective investors that a major dilution could be in the cards after it goes public. Leading up to the IPO, SpaceX locked in a string of deals, mostly selling off compute to improve its balance sheet. Anthropic will pay xAI $1.25B per month for compute: Initial coverage of the Anthropic deal on May 20. How long is Anthropic’s lease with SpaceX? Opinions vary:Elon Musk keeps downplaying the duration of SpaceX’s contract with Anthropic. Google will pay SpaceX $920M per month for compute: A Google representative described the deal as a short term deal addressing unexpected demand for its recently launched AI products.

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Pixi’s new iOS app turns text messages into interactive AR experiences

Pixi’s new iOS app turns text messages into interactive AR experiences

Forget stickers, GIFs, and emoji reactions.Pixiis betting that the next evolution of messaging is interactive augmented reality (AR). The startup launched its messaging-native app on theApp Storeon Wednesday, allowing users to send AI-powered AR characters through iMessage. Instead of appearing as static media, the characters come to life through the recipient’s iPhone camera, where they can react to their surroundings, interact with people, and respond in real time. While AR isn’t new and shiny anymore—companies likeSnaphave created AR filters and lenses for years—Pixi believes its approach is different. By combining AR with on-device AI, its characters can understand what’s happening around them and behave accordingly. A virtual cat, for example, reacts when a real dog walks past. (According to the company, all visual and audio processing remains on the device to preserve user privacy.) Pixi founder Mark Drummond (ex-DreamWorks Animation and ex-Apple) says the app is designed to bring a greater sense of presence and spontaneity to digital conversations. Rather than sending a text to wish someone a Happy Birthday, users can send characters that create a shared experience, turning a simple message into something closer to a digital gift or playful interaction. “The consumer problem we’re solving is thinking of a friend when they’re not present,” he told TechCrunch. “Sometimes the psychology is called pebbling or creative gifting. You’re sharing tokens of affection, basically cards, e-cards, and gifts. That’s your dad, or, in some cases, your granddad’s media. We can do better. We can do something that’s digitally native, and that uses everything we learned about AR on the iPhone.” Earlier this week, Drummond demonstrated the app for us, selecting the cat character, which performed a series of stand-up jokes on his desk. Notably, the cat appeared to respond to Drummond’s facial expressions. For instance, the experience concluded when he smiled, showcasing the character’s ability to perceive emotional cues. At launch, users will have access to a robot, a cat, and an animated envelope character that can react to their voice and “attack” their friends in a playful way. If they move, the envelope will chase them. There are also games like tic-tac-toe and whack-a-mole. Pixi plans to expand beyond just a few characters. The goal is to create a marketplace where studios, brands, and independent creators can share their unique characters for users to choose from. The company envisions this being used for events like movie premieres or product launches, allowing characters to generate excitement, such as when M&Ms release a new flavor. Drummond also mentioned introducing Alice in Wonderland as a character option, as she is an open intellectual property. He pointed out that “our Alice character needs to react to objects that she sees on your desktop in an ‘Alice-consistent’ way,” to demonstrate to partners how their creations will interact with the technology. In the future, Pixi hopes to allow users to create their own characters and personalities. “Part of our plan is to open up those generative AI capabilities to our [users], so they can prompt their way to say something, like, ‘I want a blue blob that threatens my friend and growls at them and keeps chasing them on the phone,’” Drummond explained. To send a character to your friend, download the app on iOS and use iMessage by tapping the plus sign button in the lower left corner. No installation is required to receive a Pixi message. Initially, the app will be available only for iPhone models 11 and newer, but there are plans to expand to Android devices and messaging platforms like WhatsApp and Instagram in the future. Also, while the app is free for users, brands will have the option to charge for their characters if they choose. “We’re going to encourage people to do it for free, because then people become your own brand ambassadors. You’re putting them in charge of using your characters to tell their own stories,” Drummond said.

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