Shareholders of IPO-bound SpaceX were informed via email that the stock’s fair market value was adjusted to $105.32 per share from $526.59 following the split, the report said.

The stock split will be processed during ⁠the week ‌of May 18 and is expected to be completed by May ⁠22, Bloomberg reported.

Reuters exclusively reported on Friday that Elon Musk‘s rocket and satellite maker SpaceX is aiming to list its shares as early as June 12 and has picked the Nasdaq as the trading venue for its ‌blockbuster market debut.

The company is likely to seek to raise about $75 billion at a ⁠valuation of roughly $1.75 trillion, which would make it the largest stock market flotation of all time, Reuters has previously reported.

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SpaceX did not immediately respond to a request for comment outside regular business hours.

LOS ANGELES — As the Los Angeles Lakers evaluate their future following a second-round playoff exit, a prominent anonymous NBA executive believes the franchise should offer LeBron James a massive short-term contract to keep the 41-year-old superstar in purple and gold for at least two more seasons, according to sources familiar with the discussions.

The executive, speaking on condition of anonymity because he is not authorized to comment publicly on another team’s roster decisions, told ESPN on Thursday that James has “absolutely earned” a deal in the range of $45-50 million annually for one or two years. The recommendation comes despite James entering unrestricted free agency this summer and the Lakers facing significant salary-cap constraints with Luka Dončić and Austin Reaves already on large long-term contracts.

“LeBron is still playing at an All-NBA level at 41 years old,” the executive said. “You don’t let a player like that walk out the door if you’re trying to win now. A short-term, high-value deal makes sense for both sides — it gives LeBron security and the Lakers one last legitimate window with him and Luka before they fully transition.”

James averaged elite numbers in the 2025-26 regular season before a hamstring injury sidelined him for the postseason. Even without him, the Lakers pushed the top-seeded Oklahoma City Thunder to four games in the second round, giving many within the organization hope that a healthy James alongside Dončić could make them serious title contenders in 2026-27.

Lakers Cap Situation Complicates Negotiations

The Lakers are projected to be over the luxury tax and second apron in 2026-27, meaning any new deal for James must be structured carefully to avoid severe roster restrictions. Pelinka and ownership have signaled willingness to pay the tax for contention, but repeated high spending has drawn scrutiny from the league office and rival executives.

A two-year, $90-100 million deal for James would keep him under contract through age 43 while providing the franchise with continuity and marketing power. James has repeatedly expressed love for the Lakers organization and a desire to finish his career in Los Angeles, but he has also made it clear he wants to compete for championships and maintain financial upside in what could be the final chapter of his playing days.

Sources say James and his representatives have not yet engaged in serious negotiations but are monitoring the Lakers’ offseason moves closely. The presence of Dončić — acquired in a 2025 blockbuster trade — changes the equation significantly. James has spoken privately about excitement at the prospect of playing with the Slovenian star, viewing him as a generational talent who can carry much of the offensive load.

James’ Enduring Value at 41

Despite turning 41 in December, James remains one of the league’s most complete players. He led the Lakers in scoring, assists and minutes during the regular season and showed no signs of major physical decline until the hamstring strain. His basketball IQ, leadership and ability to elevate teammates continue to set him apart, even as athleticism naturally decreases with age.

League executives who have watched James closely this season say his basketball intelligence and conditioning work have allowed him to adapt better than almost any player in NBA history. “Most guys at 41 are role players at best,” one Western Conference GM said. “LeBron is still a top-15 player when healthy. That’s unheard of.”

The anonymous executive who advocated for the big short-term deal pointed to James’ playoff performances in recent years and his off-court business empire as reasons the Lakers should prioritize keeping him. “He’s still moving tickets, jerseys and eyeballs,” the executive said. “You don’t replace that easily.”

Broader Lakers Offseason Strategy

The Lakers face difficult choices this summer. Re-signing James would limit flexibility for other additions, but letting him walk could signal the end of the current contention window. Pelinka has been aggressive in recent years, acquiring Dončić and surrounding the stars with complementary pieces like Reaves and Rui Hachimura.

Insiders say the front office views James as the perfect bridge between the current core and the post-LeBron era. Keeping him for two more seasons would allow younger players like Bronny James — LeBron’s son — more time to develop under his father’s mentorship while the team competes at a high level.

James has been vocal about wanting to play with Bronny, and the Lakers drafted the younger James in 2024 partly with that goal in mind. A new contract for LeBron would likely include language that facilitates that shared experience, something both father and son have expressed excitement about.

Fan and League-Wide Reaction

Lakers fans have reacted strongly to the possibility of LeBron returning on a big short-term deal. Social media has been flooded with support for keeping the franchise icon, with many arguing that his leadership and on-court presence remain invaluable. “Pay the man,” became a trending phrase among supporters Thursday night.

League-wide, opinions are more mixed. Some executives believe the Lakers should begin a soft rebuild around Dončić and younger talent rather than committing massive money to a player in his 40s. Others see the move as smart business — James still moves the needle culturally and competitively, and a short-term deal minimizes long-term risk.

LeBron himself has stayed relatively quiet on his future, focusing instead on recovery and family time after the playoff loss. In a recent interview, he emphasized enjoying the present while leaving future decisions open. “I’m still having fun playing this game,” he said. “We’ll see what happens.”

Historical Context of Late-Career Contracts

James would not be the first superstar to sign a major deal in his early 40s. Kareem Abdul-Jabbar played until 42, and many Hall of Famers have had productive final seasons on sizable contracts. Modern medicine, training techniques and load management have extended careers significantly compared to previous generations.

If James signs a two-year deal worth around $100 million, it would rank among the largest for a player his age but would be justified by his continued production and box-office draw. The Lakers have shown willingness to pay top dollar for star power, as evidenced by previous contracts for James and other veterans.

The anonymous executive’s comments reflect a growing sentiment within NBA circles that James still has “plenty left in the tank” and deserves to be compensated accordingly if he chooses to continue playing. Whether the Lakers ultimately agree and structure a deal that fits their cap sheet will be one of the most closely watched storylines of the 2026 offseason.

As free agency approaches, all eyes remain on James and the Lakers. A massive short-term contract could keep the James era alive in Los Angeles for two more seasons, giving fans one last chance to witness the greatest player of his generation alongside a new generation of stars. For now, the possibility remains alive, fueled by at least one influential voice in league circles who believes LeBron James has more than earned it.

Russell Investments is a leading global investment solutions partner providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Since 1936, Russell Investments has been building a legacy of continuous innovation to deliver exceptional value to clients, working every day to improve people’s financial security. The firm has US$331 billion in assets under management (as of 12/31/2024) for clients in 30 countries. Headquartered in Seattle, Washington, Russell Investments has offices in 17 cities around the world.

Company Participants

Jeff Edwards – MD & Head of Investor Relations
Richard Wurster – CEO, President & Director
Jon Beatty – MD & Head of Schwab Advisor Services
Jonathan Craig – MD, Head of Investor Service & Head of Retail Investing
James Kostulias – MD & Head of Trading Services
Adele Taylor – Managing Director & Head of Workplace Services
Stacy Hammond – MD & Chief Marketing Officer
Neesha Hathi – Managing Director & Head of Wealth & Advice Solutions
Andrew D’Anna – MD & Head of Schwab Investment Platforms, Solutions, and Strategy
Dennis Howard – MD and Chief Technology, Operations & Data Officer
Michael Verdeschi – MD & Chief Financial Officer

Conference Call Participants

Alexander Blostein – Goldman Sachs Group, Inc., Research Division
Steven Chubak – Wolfe Research, LLC
Brennan Hawken – BMO Capital Markets Equity Research
Benjamin Budish – Barclays Bank PLC, Research Division
David Smith – Truist Securities, Inc., Research Division
Devin Ryan – Citizens JMP Securities, LLC, Research Division
Michael Cyprys – Morgan Stanley, Research Division
Charles John Bendit – Rothschild & Co Redburn, Research Division
Michael Brown – UBS Investment Bank, Research Division
Kenneth Worthington – JPMorgan Chase & Co, Research Division
Christopher Allen – Keefe, Bruyette, & Woods, Inc., Research Division
Steven Wharton
Ritwik Roy – Jefferies LLC, Research Division
Brian Bedell – Deutsche Bank AG, Research Division
Jacquelyne Cavanaugh – Putnam Investment Management, LLC

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In the past 24 hours, Bitcoin slipped 2% and Ethereum fell 1% to trade at $2,217 mark. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Hyperliquid, and Cardano slipped up to 8%. The global crypto market capitalisation edged down 2% to $2.63 trillion, according to CoinMarketCap.

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Riya Sehgal, Research Analyst, Delta Exchange said that Bitcoin’s latest pullback appears to be part of a broader macro-led risk-off move. Technically, Bitcoin has again failed to build acceptance above the $82,000–$82,500 resistance band, which remains the key ceiling for momentum traders.

Sehgal also said that as long as Bitcoin holds this region, the market can still treat the move as consolidation after a recovery; however, a clean break below $78,500 may expose the 200-EMA region near $77,800 and overall, crypto markets need confirmation from ETF flows, macro liquidity, yields and on-chain holder behaviour before the next directional trend becomes clearer.

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According to the data by CoinMarketCap, in the past week, Bitcoin fell 2% whereas Ethereum fell 4%. Among the major altcoins, XRP, Solana, Tron, Hyperliquid and Cardano went down up to 7% whereas BNB was up 2%.
WazirX Market Desk said that Bitcoin traded mostly around the $79,000-$81,000 range this week, with sentiment staying constructive despite short-term volatility and RSI readings remained largely in the mid-50s to low-60s, indicating steady demand, while Ethereum held firm near $2,250-$2,345 with longer-term signals staying supportive.
Also Read | Explained: What is US Senate’s CLARITY Act and why does it matter for crypto investors?

Institutional activity continued to support confidence, with Bitcoin ETFs seeing strong inflows, regulatory optimism also improved after the U.S. Senate Banking Committee advanced the Clarity Act, WazirX Market Desk further said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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