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Top stories today:
- Trump Media said to raise $3B to buy cryptocurrencies
- Elonās SpaceX set for next Starship test launch at 7:30 PM
- OpenAIās o3 bypasses shutdown command in controlled test
- EU plans to āfast-trackā U.S. trade talks
- China said to weigh new āMade in China 2025ā push
0. Data and calendar
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All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Trump Media said to raise $3B to buy cryptocurrencies
$2B in fresh equity and $1B via a convertible bond may be raised by TMTG.
Wed.: the capital raising could be announced at Bitcoin 2025 in Las Vegas.
The approach could be similar to Michael J. Saylorās Strategy.
The secondary share offering would be carried out on at-the-market terms.
An ETF focused on cryptocurrency has also been in plans by TMTG.
ā[A]pparently the Financial Times has dumb writers listening to even dumber sources,ā TMTG said.
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3. Elonās SpaceX set for next Starship test launch at 7:30 PM after 2 fiery failures
The last 2 tests ended with fiery upper-stage failures, scattering debris over Caribbean islands and disrupting flights.
SpaceX is reportedly relocating its resources to the Starship project, aiming for a Mars mission in 2026.
