Andrew here. We’ve got a lot of business news this morning. But I want to take a moment for all of us to reflect upon the horrific killing sprees that took place this weekend at Brown University and at a Hanukkah celebration at Bondi Beach in Australia. These episodes have become all too commonplace, with little real discussion about how to prevent them from happening. Many of you will remember that I spent years writing about possible solutions, including the role of credit card companies as well as how the larger business community could push for change.
We also need to confront a critical factor in the rise of antisemitism: the shifting nature of anti-Zionism, in which many aren’t just questioning Israel’s policies but challenging its right to exist. That distinction may be clear in theoretical debates, but it frequently vanishes in the real world.
Though Elon Musk is perhaps best known for his work at Tesla and his takeover of X, the rocket and satellite company SpaceX may be his most consequential business.
Just how big SpaceX could become is getting more apparent, as it wraps up a stock sale that would make it the world’s most valuable privately held company — and eyes an I.P.O. that could be among the biggest ever.
SpaceX will start hearing pitches from investment banks for an I.P.O. this week, according to The Wall Street Journal. The so-called bake-off is a major step toward going public, as bankers vie to lead what Bloomberg previously reported could be a deal for the ages: The company is looking to raise more than $30 billion at a valuation of $1.5 trillion.
The company’s C.F.O., Bret Johnsen, told employees in an internal memo that it would buy insider shares at an $800 billion valuation — roughly double what it had fetched over the summer. Johnsen also suggested that the company was thinking about an I.P.O.: “A public offering could raise a significant amount of capital,” he wrote.
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