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- SpaceX said to post ~$8B profit as banks float $1.5T IPO, ~188× P/E
SpaceX said to post ~$8B profit as banks float $1.5T IPO, ~188× P/E
Bay Area Times
February 02, 2026
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Top stories today:
- SpaceX said to post ~$8B profit as banks float $1.5T IPO, ~188× P/E
- Waymo said to near $16B round at $110B valuation
- Trump’s World Liberty sold 49% stake to Abu Dhabi royal
- Apple said to explore clamshell foldable iPhone after 1st model
- Bitcoin drops to $77K, hits lowest level since Apr. 2025 tariff shock
- OpenClaw sparks interest while facing early security challenges
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. SpaceX said to post ~$8B profit as banks float $1.5T IPO, ~188× P/E
Starlink accounted for ~50%-80% of SpaceX’s 2025 revenue.
SpaceX could raise $50B+ at a valuation of $1.5T+.
2. Waymo said to near $16B round at $110B valuation
Dragoneer, Sequoia Capital, DST Global, a16z, and Mubadala are participating.
Alphabet will reportedly contribute 75%+ of the funding round.
125M+ fully autonomous miles logged on U.S. roads with few related incidents.
1M rides per week expected in 2026 across SFO, LA, PHX, and MIA.
Funding would support a broader U.S. rollout, including New York.
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4. Trump’s World Liberty sold 49% stake to Abu Dhabi royal ahead of U.S.-UAE AI chip deal
Sheikh Tahnoon bin Zayed Al Nahyan agreed in Jan. 2025 to buy a 49% stake in World Liberty for $500M:
