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- Elon’s SpaceX said to target mid-2026 IPO at ~$1.5T valuation, seeking $30B+ raise
Elon’s SpaceX said to target mid-2026 IPO at ~$1.5T valuation, seeking $30B+ raise
Bay Area Times
December 10, 2025
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Top stories today:
- Elon’s SpaceX said to target mid-2026 IPO at ~$1.5T valuation
- ChatGPT said to near 900M weekly users as Gemini gains ground
- Meta said to drop open-source approach with new proprietary AI model
- NVIDIA CEO’s alarm over state AI rules drives toward unified policy
- Fed expected to cut rates by 25 bps today at 2 PM ET
- Anthropic, OpenAI, Google, others launch Agentic AI Foundation
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Elon’s SpaceX said to target mid-2026 IPO at ~$1.5T valuation, seeking $30B+ raise
Mid-to-late 2026: SpaceX and its advisers are targeting a listing in this window.
The timing could slip into 2027 depending on markets, though.
Space-based data centers could be funded through the IPO proceeds.
The projected valuation would put SpaceX near Saudi Aramco’s market value at its record 2019 IPO.
2. ChatGPT said to near 900M weekly users as Google’s Gemini gains ground
The U.S., India, Brazil, Japan, and France are ChatGPT’s top 5 markets by weekly active users.
+5% in ChatGPT’s MAUs to 810M vs. Gemini’s 30% jump to 346M, per Sensor Tower.
Gemini’s global web visits doubled from Aug.-Nov., while ChatGPT’s increased ~1%.
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4. Meta said to drop open-source approach with new proprietary AI model “Avocado” in Q1 2026
Representational image generated using ChatGPT.