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It's Tuesday. SpaceX just filed for what could be the biggest IPO in Wall Street history, targeting a $1.75 trillion valuation with a June 11 debut. Elon Musk is even opening part of the deal directly to retail investors through Robinhood and SoFi, something most big IPOs never do.
In today's recap:
SpaceX eyes June 11 debut at a $1.75T valuation
Ferrari's first EV launches at $640,000 with Jony Ive's design
Windows Secure Boot certificates expire in June
Apple's "iPhone Ultra" foldable could land this September
LATEST DEVELOPMENT
SPACEX
HOT
SpaceX eyes June 11 debut at a $1.75 trillion valuation
WHAT
SpaceX filed its prospectus this week targeting a $1.75 trillion valuation, with shares set to trade under the ticker SPCX as early as June 11. Elon Musk is making part of the offering available directly to retail investors through Robinhood and SoFi, rewriting the usual IPO playbook that keeps small buyers on the sidelines.
WHY IT MATTERS
A Reuters analysis of the 50 largest IPOs in the past five years shows investors would have been better off in an S&P 500 index fund about 75% of the time. SpaceX's price-to-sales ratio at that valuation would hit nearly 100, compared to Nvidia's 24, and the company lost close to $5 billion last year. If the hype holds, it'll be the biggest listing in Wall Street history. If it doesn't, it joins a long line of blockbusters that peaked on day one.
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FERRARI
LAUNCH
Ferrari's first EV goes on sale at $640,000 with Jony Ive's fingerprints on it
WHAT
Ferrari just unveiled the Luce, its first fully electric car and first five-seater, with deliveries starting Q4 2026 at €550,000 (around $640,000). Former Apple design chief Jony Ive and his collective LoveFrom helped shape the car's design, and it comes with a 600-litre boot, a top speed over 310 km/h, and a range over 500 km.
WHY IT MATTERS
Porsche and Lamborghini are both pulling back on EV plans as demand disappoints, which makes Ferrari's full commitment here a real bet against the field. If the Luce lands in China, where big petrol cars face heavy tax penalties and EV adoption is already wide, Ferrari could open a market it's never seriously competed in before.
MICROSOFT
REPORT
Windows Secure Boot certificates start expiring in June. Most PCs need an update.
WHAT
Microsoft's 2011 Secure Boot certificate authorities begin expiring in June 2026, affecting Windows devices that haven't yet installed the 2023 replacements. Most PCs manufactured since 2024 already have the updated certs, but older devices need to pull them via Windows Update, OEM firmware updates, or manual deployment through Intune, Group Policy, or registry keys.
WHY IT MATTERS
Secure Boot is the first line of defense against malware that loads before Windows does. Devices that miss the update window won't necessarily break immediately, but they'll lose a core security guarantee that most enterprise fleets rely on. IT teams running large Windows estates have a narrow window to audit and patch before June hits.
APPLE
RUMOR
Apple's foldable iPhone, reportedly called "iPhone Ultra," could launch this September
WHAT
Bloomberg's Mark Gurman called the device "the most significant overhaul in the iPhone's history." The book-style foldable reportedly has a 7.7-inch inner display and a 5.3-inch outer display, with iOS 27 optimized for iPad-like side-by-side multitasking. It's expected to launch alongside the iPhone 18 Pro in September and may start at or above $1,999.
WHY IT MATTERS
Apple has spent years watching Samsung iterate through every generation of the Galaxy Z Fold while staying on the sidelines. If the "iPhone Ultra" lands with the build quality and repairability leaks are pointing to, it won't just be a new product category for Apple. It could be the moment it takes the foldable segment seriously for the first time and forces Samsung to respond on its own home turf.
QUICK HITS
NEWS
Huawei just revealed a chip design breakthrough proposing a new fabrication path that sidesteps restrictions on advanced node equipment, signaling it isn't done competing in semiconductors despite ongoing US sanctions.
Star Citizen crossed $1 billion in crowdfunding after 14 years of development, with no Version 1.0 release date in sight, making it the most expensive unreleased game in history.
Sony launched the Reon Pocket Pro Plus, an upgraded wearable temperature device with better fit and stronger cooling, timed for summer heatwaves.
Sennheiser just announced the Momentum 5 Wireless headphones with upgraded active noise cancellation and a user-replaceable battery, a feature virtually no premium headphones offer.
NetEase permanently banned nearly 500 Marvel Rivals cheaters, with most of them still stuck in Bronze rank, in its first major anti-cheat enforcement action.
IO Interactive added Denuvo DRM to 007 First Light six days before its release date, triggering a wave of pre-order cancellations from players who had already committed to buying.
Europol dismantled FirstVPN in a coordinated global takedown, linking the service to 25 active ransomware groups that used it to hide command-and-control traffic.
Security researchers disclosed Underminr, a vulnerability that hides malicious connections behind trusted CDN domains over HTTPS port 443, with roughly 88 million domains potentially exposed and attackers already using it in the wild.
GitHub is investigating a breach where a compromised employee device led to the exfiltration of 3,800+ internal repositories, with the threat actor group TeamPCP claiming responsibility.
Samsung's non-chip consumer electronics union filed a court injunction to block a vote on a proposed pay deal, escalating the labor dispute at one of the company's core divisions.
British doctors told Parliament that social media is as damaging to children as smoking, calling for tougher age-based restrictions to be written into law.
Spain blocked prediction market platforms Polymarket and Kalshi from operating in the country, citing a lack of gambling licences under EU rules, in the latest platform policy clash over unregulated fintech products.
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