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SpaceX has officially priced its shares at one hundred thirty five dollars each, marking what is being called the largest IPO in history. The move signals a new chapter for Elon Musk's rocket company, translating years of private valuation into a very public market test. Investors and space watchers alike are paying close attention.
Meanwhile, in Washington, the crypto industry's battle for regulatory legitimacy continues. Ripple CEO Brad Garlinghouse fired back at JPMorgan's Jamie Dimon over his criticism of the Financial Innovation and Technology, or Clarity Act. Garlinghouse framed Dimon's opposition as a legacy financial institution protecting its turf rather than engaging seriously with the policy substance.
And in a story that says a great deal about the moment we're living in, Microsoft President Brad Smith published a lengthy essay this week asking graduating students to embrace AI rather than fear it. Warm words, but they landed the same week Microsoft's own CFO confirmed the company's headcount will continue to shrink. The gap between that message and that timing is not a small one.
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