NEWS: SpaceX IPO set to hand a $20B stake to one hedge fund, the Financial Times reports. But that headline is misleading. D1 Capital Partners, led by Dan Sundheim, is not receiving a $20B stake. Their existing SpaceX position could simply be worth $20B once the company lists at its $1.75T target valuation on June 12. They already own the shares. The IPO just makes them liquid. This is what happens when early investors hold through a company going from a $350B private valuation to a potential $1.75T public one. The wealth was already there. The IPO just puts a price tag on it.

NEWS: CZ's $500M Twitter bet in 2022 has become indirect SpaceX equity ahead of the June 12 IPO. When Elon Musk acquired Twitter for $44B in 2022, CZ put in $500M as an equity investor, taking roughly a 1.1% stake. That stake has since traveled through two mergers. X merged into xAI in March 2025. xAI then merged into SpaceX in February 2026, valuing the combined entity at $1.25 trillion. Each merger diluted CZ's position. His original 1.1% of Twitter is now roughly 0.066% of the combined SpaceX entity. If SpaceX hits its $1.75T IPO target on June 12, that slice is worth approximately $1.16 billion. A 2.3x return on a $500M bet placed three years ago on a social media platform.

NEWS: NVIDIA has delivered its first Vera CPUs to SpaceX, with Elon Musk meeting NVIDIA's Ian Buck in person to receive the chip for SpaceXAI. Vera is purpose-built for agentic AI. It features 88 Armv9.2 Olympus cores, 1.2 TB/s memory bandwidth and pairs with Rubin GPUs for 10x faster workflows. SpaceX is eyeing Vera specifically for reinforcement learning in rocket design. This is the compute layer that powers the next generation of AI. SpaceX is at the front of the line.

NEWS: X appears to be partnering with VeryAI, a palm biometrics company, to combat bots and AI accounts on the platform. Accounts flagged for potential terms of service violations are shown a prompt to verify identity by scanning both palms. Re-verification requires just one scan. X head of product Nikita Bier previously said biometric authentication would only be presented as an option for accounts auto-suspended for spam, not as a general platform requirement. The feature was pulled from the latest X for iOS update and has not been officially announced.

NEWS: X is launching "Creator Connect," an AI-powered product that matches brands with creators on the platform using xAI technology. The system analyzes campaign objectives, real-time trends and audience interest to surface hyper-specific creators across video, text or both. X says Creator Connect is designed for rising and niche creators, not just the top 1%. Brands can also find "lookalike" creators with similar voices and styles. Early campaigns include a premium laptop brand targeting F1-enthusiast tech creators and a major movie studio for a horror film launch. World Cup activations are in the pipeline. X is also pairing Creator Connect with "Trend Genius," which deploys brand assets in real time based on conversation velocity when a topic is spiking on the platform. Mitchell Smith, X's global head of content partnerships: "2026 is the year we're entering our creator era as a platform."

News: @PreStocks says all live PreStocks tokens remain fully backed and operational, adding that it mitigates SPV risk by avoiding lower layer structures, verifying ownership, and vetting fund managers before tokenization. Its Anthropic market fell 45% after Anthropic’s warning on unauthorized transfers, but has since stabilized near a $950B implied valuation after briefly dropping below $700B.