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SpaceX IPO raises $75B in largest public market debut in history

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SpaceX IPO raises $75B in largest public market debut in history

Elon Musk’s SpaceX debuted on the public market on Friday, raising $75 billion in what was the largest IPO in history.

SpaceX’s IPO more than doubled the previous IPO record and provides the company with capital to help finance what Musk explained on a pre-IPO livestream with JPMorgan Chase will be a “significant growth phase” as it ramps up the deployment of its Starlink communications satellites and looks to build artificial intelligence (AI) data centers in space.

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The IPO is the first of several highly anticipated IPOs that are expected to occur later this year, with a pair of companies at the forefront of the AI boom – ChatGPT-maker OpenAI and Anthropic – taking steps toward a debut.

SPACEX MAKES HISTORIC DEBUT; MUSK SOLIDIFIES STATUS AS WORLD’S FIRST TRILLIONAIRE

SpaceX executives ring the opening bell at the Nasdaq.

SpaceX employees rang the Nasdaq’s opening bell as the company debuted with a record IPO on June 12, 2026. (Michael Nagle/Bloomberg via Getty Images)

It remains to be seen whether those looming IPOs will break the new record set by SpaceX, but here’s a look at the four other IPOs that round out the list of the five largest in history:

Saudi Aramco

Saudi Aramco logo

SpaceX’s IPO more than doubled Saudi Aramco’s previous IPO record. (Hamad I Mohammed/Reuters)

Saudi Arabia’s state-owned oil company went public in December 2019, with the deal initially raising $25.6 billion in capital after listing on the Saudi stock exchange.

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That amount grew to about $29.4 billion after Saudi Aramco and its underwriters exercised an over-allotment option – also known as a greenshoe option – that allowed Aramco to issue more shares due to the high level of demand from investors.

ANTHROPIC FILES CONFIDENTIALLY FOR IPO

Alibaba

People walk past the Alibaba headquarters.

Several of the largest IPOs had such strong demand that underwriters offered more shares shortly after the debut. (Qilai Shen/Bloomberg via Getty Images)

The China-based e-commerce giant Alibaba went public in September 2014 with a $21.8 billion capital raise, which ranked as the largest at the time.

As with the Saudi Aramco IPO, intense demand prompted Alibaba’s underwriters to use an option to issue more shares that boosted the total amount raised to $25 billion. The company is listed on the New York Stock Exchange.

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SPACEX’S FIRST EMPLOYEE SAYS HISTORIC $1.7T IPO WILL BE ‘LIFE-CHANGING’ FOR THOUSANDS OF WORKERS

SoftBank

President Donald Trump and Softbank CEO Masayoshi Son.

SoftBank CEO Masayoshi Son said in December 2024 that his firm would invest $100 billion in the U.S. with the goal of creating 100,000 new jobs. (Andrew Harnik/Getty Images)

Japan-based communications provider SoftBank debuted in December 2018 with a $21.3 billion IPO on the Tokyo Stock Exchange.

The company’s parent, SoftBank Group, is a major tech investor around the world and has made notable investments in U.S. AI companies and chipmakers. SoftBank CEO Masayoshi Son said in December 2024 that his firm would invest $100 billion in the U.S. with the goal of creating 100,000 new jobs.

Agricultural Bank of China

The exterior of an Agricultural Bank of China branch.

An Agricultural Bank of China Ltd. branch in Shanghai, China, on Jan. 6, 2026. (Raul Ariano/Bloomberg via Getty Images)

The 2010 IPO of the Agricultural Bank of China was the world’s largest at the time, totaling an initial $20.8 billion – though that figure later grew to $22.1 billion when it issued more shares on exchanges in Hong Kong and Shanghai through a dual-listing.

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The firm is one of the largest financial institutions in China in terms of assets and customers, serving as the primary bank for Chinese agricultural businesses.

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Al Qaeda-linked militants curb their brutality in seized Malian territory

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Progressive Corporation: Exceptional Growth But Normalizing Margins

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Progressive Now No. 1 U.S. Private Auto Insurer For Full 12 Months, Estimates Show

Progressive Corporation: Exceptional Growth But Normalizing Margins

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Bernstein breaks down 3 misconceptions around data centers and copper

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Alimentation Couche-Tard Stock: Why The Company Has Gone Up Too Much (TSX:ATD:CA)

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Alimentation Couche-Tard Stock: Why The Company Has Gone Up Too Much (TSX:ATD:CA)

This article was written by

Wolf Report is a senior analyst and private portfolio manager with over 10 years of generating value ideas in European and North American markets, and the owner of Wolf of Value, a service focusing on international dividend-paying value investments.He further covers the markets of Scandinavia, Germany, France, UK, Italy, Spain, Portugal and Eastern Europe in search of reasonably valued stock ideas.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CRARY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. It may be structured as such, but it is not financial advice. Investors are required and expected to do their own due diligence and research prior to any investment.

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Short-term trading, options trading/investment and futures trading are potentially extremely risky investment styles. They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved.

I own the European/Scandinavian tickers (not the ADRs) of all European/Scandinavian companies listed in my articles. I own the Canadian tickers of all Canadian stocks I write about.

Please note that investing in European/Non-US stocks comes with withholding tax risks specific to the company’s domicile as well as your personal situation. Investors should always consult a tax professional as to the overall impact of dividend withholding taxes and ways to mitigate these.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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(VIDEO) USMNT Dominates Paraguay 4-1 in Historic World Cup Opener at SoFi Stadium

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Christian Pulisic

INGLEWOOD, Calif. — The United States men’s national team delivered a commanding performance in its 2026 FIFA World Cup opener Friday night, defeating Paraguay 4-1 at SoFi Stadium in a display that sent a strong message as co-hosts of the tournament.

Folarin Balogun scored twice in his World Cup debut, Christian Pulisic provided creative spark with key assists before halftime, and Giovanni Reyna added a stunning late goal to cap the victory. The result marked the most goals scored by the U.S. in a single World Cup match since 1930 and gave the Americans an ideal start in Group D.

The match, played before a raucous home crowd in the Los Angeles area, showcased the attacking fluency that coach Mauricio Pochettino has been building. The U.S. controlled possession and created numerous chances, outplaying a Paraguay side that had been solid in qualifying but struggled to contain the hosts’ pace and movement.

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The Americans took the lead in just the seventh minute. Pulisic split two defenders with a precise pass to Weston McKennie in the box. McKennie’s cutback was turned into his own net by Paraguayan midfielder Damián Bobadilla under pressure from Balogun, giving the U.S. an early 1-0 advantage.

Pulisic, playing with the confidence of a veteran leader, continued to orchestrate the attack. Around the 31st minute, he delivered another dangerous ball into the area that Balogun finished clinically for his first international goal of the tournament, making it 2-0. Balogun had a goal called back for offside moments earlier but stayed sharp.

In first-half stoppage time, Balogun added his second. Receiving the ball near the edge of the box, he evaded two defenders with composure before curling a left-footed shot into the top corner, beyond the reach of goalkeeper Orlando Gill. It was a moment of individual brilliance that sent the crowd into a frenzy and gave the U.S. a 3-0 halftime lead — a commanding cushion in their first home World Cup match in decades.

Pochettino made changes at the break, including substituting Pulisic as a precaution after he took a kick to his left calf. The captain later said he hoped it was nothing serious. Paraguay pushed for a response in the second half, and their persistence paid off in the 73rd minute when Maurício pulled one back to make it 3-1.

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The U.S. maintained control despite the setback. Defenders like Chris Richards were nearly flawless in distribution, and the midfield trio of Tyler Adams, McKennie and others dictated the tempo. Malik Tillman was influential in linking play throughout.

Deep into stoppage time, with the outcome already decided, Reyna provided the perfect finishing touch. He received the ball on the right side and unleashed a trivela — an outside-of-the-foot strike — that sailed into the far corner for his first World Cup goal. The 4-1 final scoreline reflected the U.S. dominance, though the visitors showed resilience in the latter stages.

This victory comes as the U.S. seeks to surpass its best modern World Cup performances. Hosting the tournament alongside Canada and Mexico brings added pressure and opportunity. A strong opening result boosts confidence heading into subsequent group matches and potentially deeper into the knockout stages.

Pochettino’s tactical setup emphasized quick transitions, high pressing and fluid attacking movements. Players like Balogun, who has been prolific at the club level with Monaco, provided the clinical edge that has sometimes eluded the U.S. in past tournaments. Pulisic’s vision and McKennie’s energy were central to the early breakthroughs.

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For Paraguay, it was a difficult night despite their reputation as a tough, organized side. They had conceded few goals in qualifying against strong South American opponents but found themselves overwhelmed by the hosts’ intensity on the night. The own goal and defensive lapses proved costly.

The atmosphere at SoFi Stadium was electric, with fans waving flags and chanting throughout. As co-hosts, the U.S. benefited from passionate home support that amplified their performance. The win not only secures three points but also energizes the domestic soccer community during this landmark event.

Post-match, players and coaches expressed satisfaction with the result while maintaining focus on the challenges ahead. The group stage remains competitive, and the U.S. will look to build on this foundation. Balogun’s brace in particular drew comparisons to historical U.S. performances, highlighting the potential of this squad.

This match represented more than just a scoreline. It signaled the U.S. team’s evolution under Pochettino and its readiness to compete at the highest level on home soil. With talent across the pitch and growing belief, the Americans have positioned themselves well for what promises to be a memorable tournament.

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The 2026 World Cup continues with high expectations for the host nations. For the U.S., Friday’s result provides momentum and validation of their preparations. Fans and analysts alike will watch closely as the team aims to make a deep run and create lasting memories in front of passionate domestic crowds.

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Two phones and an app: How Russians skirt Putin’s digital iron curtain

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Two phones and an app: How Russians skirt Putin’s digital iron curtain


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Revolution Medicines Stock: Strong Data, Big Market (Rating Upgrade) (NASDAQ:RVMD)

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Revolution Medicines Stock: Strong Data, Big Market (Rating Upgrade) (NASDAQ:RVMD)

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I hold a Master’s degree in Cell Biology and began my career working for several years as a lab technician in a drug discovery clinic, where I gained extensive hands-on experience in cell culture, assay development, and therapeutic research. That scientific foundation gave me an appreciation for the rigor and challenges behind drug development, which I now bring into my work as an investor and analyst. For the past five years, I have been active in the investing space, with the last four years dedicated to working as a biotech equity analyst alongside my lab work. My focus is on identifying promising biotechnology companies that are innovating in unique and differentiated ways, whether through novel mechanisms of action, first-in-class therapies, or platform technologies with the potential to reshape treatment paradigms. By combining my lab-based scientific expertise with financial and market analysis, I aim to deliver research that is both technically sound and investment-driven. On Seeking Alpha, I plan to write primarily about the biotech sector, covering companies at different stages of development, from early clinical pipelines to commercial-stage biotechs. My approach emphasizes evaluating the science behind drug candidates, the competitive landscape, clinical trial design, and the potential market opportunity, all while balancing financial fundamentals and valuation. My goal in publishing here is to share some insights that help investors better understand both the opportunities and of course the many risks in biotech. This is a sector where breakthrough science can translate into outsized returns, but also where careful scrutiny is essential. I look forward to contributing thoughtful analysis and engaging with readers who share an interest in this dynamic and rapidly evolving space.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Exclusive-Tata’s iPhone parts factory contaminated farmland water, India pollution body alleges

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Prime Medicine's Prime Editing Is Worth The Risk

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Prime Medicine's Prime Editing Is Worth The Risk

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Ares Management: The Fears Are Understood, The Discount Has Overshot

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Ares Management: The Fears Are Understood, The Discount Has Overshot

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