The SpaceX IPO

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, Tech News, News

4.7 • 1K Ratings

🗓️ 12 June 2026

⏱️ 19 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

SpaceX priced the biggest IPO ever at $135/share, raising $75B and debuting at $1.77T. ShinyHunters exploited an unpatched Oracle PeopleSoft flaw hitting 100+ organizations, Mistral seeks €3B at €20B, MrBeast hit 500M subscribers, and SBF lost his appeal. SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each, giving it a market value of $1.77T (Bloomberg) Founders Fund's ~3% SpaceX stake is worth $50B+, Sequoia's ~1.5% is worth $20B+, and a16z will see its biggest return ever at $10B+ (Bloomberg) Some investors question SpaceX's valuation, citing its $4.3B loss on $4.7B in revenue in Q1, as well as concerns over space data centers (NYT) Oracle warns customers of a critical PeopleSoft flaw after ShinyHunters claimed breaches of 100+ organizations using PeopleSoft; Oracle has not issued a patch (TechCrunch) Sources: French startup Mistral AI is in talks to raise ~€3B at a ~€20B valuation; it was last valued at €11.7B during a funding round in September 2025 (Bloomberg) MrBeast hits 500M subscribers on YouTube, a record for the platform (The Wrap) Sam Bankman-Fried loses his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of FTX (Reuters) Longreads As companies are hit by rising AI costs, they are increasingly using tools that tap cheaper models, including some from China, putting price pressure on OpenAI and Anthropic (WSJ) Sixteen economists weigh in on what AI will mean for the US economy, workers, and workplaces; only two expect AI to actually create more jobs (WSJ) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	America is hosting the World Cup, and let's be honest, it's not quite the same. The goalie has just been ejected and given away a PK that could send it to overtime. What's this guy on about? But one thing that's universally understood is free. Have a completely free-shot at cash prizes every day of the tournament, with Paddy Power's new free-to-play game Cash Cup, 750K to be won across the tournament nobody does football better than us
0:22.3	paddy power win at the game receive a selection if the selection wins you win a share of the daily
0:25.9	cash prize only one entry per round eligibility restrictions and further teas and seas apply 18 plus gambleware
0:29.7	dot org
0:30.0	welcome to the tech brew right home for friday june 12th twenty 2026. I'm Brian McCullough. Today, SpaceX had the
0:39.8	biggest IPO ever with a $1.9 trillion valuation. Shiny hunters exploited an unpatched
0:46.0	people's soft flaw hitting more than 100 organizations. Mistral is still in the AI race. Mr. Beast
0:52.6	hits 500 million subscribers and of course the weekend long-range suggestions. Here's what you miss today in the AI race. Mr. Beast hits 500 million subscribers, and of course, the weekend long-range
0:56.0	suggestions. Here's what you miss today in the world of tech.
1:03.1	Think you have to build your own search engine scraping infrastructure? Think again, folks.
1:08.1	SERP API can take care of all your search engine scraping needs.
1:12.3	It lets AI products access real-time web search data programmatically.
1:17.3	No scraping infrastructure required.
1:20.0	Their APIs offer structured JSON data from all the top search engines, including Google, Amazon, and YouTube.
1:26.8	Top tech companies already use SERP API to power their AI agents, their market intelligence
1:31.7	tools, and their automated research workflows.
1:34.6	See how it can help you and your team.
1:36.8	SERP API provides 250 free searches per month.
1:41.0	Go check it out at SERPAPI.com.
1:47.5	That's SERP-A-P-A-P-I-com.
1:54.2	There's only one big story today, drowning out all the others, quoting Bloomberg.
1:59.6	SpaceX has made history with the biggest ever IPO, sending it into the top ranks of the largest public companies and making Elon Musk
	...

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