Biz editor @Axios. Pro Rata newsletter. Dan@axios.com. Native Masshole. DM for Signal/Telegram.
Joined September 2008
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Jun 12
Not a surprise that DOJ approved paramount-wbd merger. Was never in doubt.
Antitrust issue has always been state AGs and Europe.
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Jun 12
Remarkable that the largest IPO of all time comes from a CEO who prefers his companies to be privately held.
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Jun 12
Waiting for GameStop to launch a takeover offer for SpaceX.
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Jun 12
Reminder than when @aileenlee first wrote about unicorns, she wasn't just talking about $1b private companies. She was talking about VC-backed companies now trading at $1b or more. Which still was rare.
Today a $2 trillion VC-backed company went public
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Jun 12
If you view a typical IPO pop as 20%, then the "bar" for SpaceX is $162 -- which is the current indicated open (although it's been falling)
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Dan Primack retweeted
Jun 12
BREAKING: SpaceX ($SPCX) shares are indicated to open at $171 in their Nasdaq debut, up 26.7% from the IPO price of $135 per share, per Bloomberg.
SpaceX IPO reportedly drew more than $350 billion total in demand.
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Jun 12
Does SpaceX end today as one of the five largest companies by market cap (knocking out Amazon -- currently at $2.6t)?
38%
Yes
62%
No
53 votes • Final results
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Jun 12
Feels like we should expect a massive first-day (or at least first hour) pop for SpaceX, given the retail oversubscription.
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Jun 11
Gonna read a lot about VC "returns" from the SpaceX IPO. Reminder that no VC is selling shares into the IPO, and can't sell for a while.
So these are still paper gains, not actual cash for distribution-starved LPs in their funds.
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Jun 11
A sincere thank you to SpaceX and its bankers for pricing early and not making us reporters keep hitting "refresh" until 7pm.
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Jun 11
Assume that Nasdaq will be on high alert tomorrow for this guy, after what happened during the Facebook IPO
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BREAKING: Trump picks Jay Clayton for Director of National Intelligence axios.com/2026/06/11/trump-j…
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Jun 11
When market sold off, a lot of X users said it was rotation in prep of SpaceX IPO.
Now it's jumping because Trump called off Iran strikes.
Almost as if the war/oil/inflation news is driving the movements, not the IPO. It's massive, but still small vs. overall market moves.
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Jun 11
Prometheus, the industrial AI startup from Jeff Bezos, is now worth $41 billion axios.com/2026/06/11/prometh…
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Jun 10
SpaceX may be going public into a major market correction. A lot of companies would shy away, but SpaceX is likely too big/popular to care.
As an IPO banker once told me. "Some companies can go public no matter what. Google could have gone public the day Lehman collapsed."
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Jun 10
Tender info was reported yesterday in Axios Pro Rata
axios.com/newsletters/axios-…
Jun 10
ALTMAN TOLD STAFF OPENAI IS PREPARING TO LAUNCH A TENDER “VERY SOON” AT THE CURRENT SHARE PRICE. THAT SHARE PRICE IS $687.69 -THE INFORMATION
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