SpaceX files for IPO aiming to raise $75 billion
SpaceX has confidentially filed for an initial public offering (IPO) with the Securities and Exchange Commission, aiming to raise between $50 billion and $75 billion, and is expected to debut in June. The company, founded by Elon Musk in 2002, is valued at over $1 trillion and could become one of the largest IPOs in history, potentially setting the stage for a wave of significant public offerings in the aerospace and artificial intelligence sectors.
McCormick to Acquire Unilever Foods for $65 Billion
McCormick & Company, Inc. has announced a $65 billion acquisition of Unilever's Foods business, aiming to create a global flavor powerhouse with combined revenues of approximately $20 billion. Under the agreement, Unilever shareholders will receive 65% of the combined company's equity, valued at $29.1 billion, along with $15.7 billion in cash. The transaction is expected to close within 12 months and will position both companies for enhanced growth in various markets.
Amazon in talks to acquire Globalstar for $9 billion
Amazon.com Inc. is reportedly in talks to acquire satellite communications company Globalstar Inc. for $9 billion, aiming to enhance its satellite operation and compete with SpaceX's Starlink service. Following the news, Globalstar's shares surged over 20% in late trading. The companies are still negotiating the complexities of the deal, which is complicated by Apple's 20% stake in Globalstar, acquired as part of a $1.5 billion investment in 2024.
Intel to Repurchase 49% Stake in Irish Chip Plant
Intel Corp. agreed to pay $14.2 billion to repurchase a 49% stake in its Fab 34 chip manufacturing plant in Ireland from Apollo Global Management, a move aimed at strengthening its manufacturing capabilities. The transaction will be financed through cash reserves and approximately $6.5 billion in new debt, and is expected to enhance the chipmaker's earnings per share.
Musk SEC trial over Twitter acquisition allegations advances
Elon Musk and the US Securities Exchange Commission are preparing for a trial regarding allegations that Musk misled Twitter Inc. investors prior to his 2022 acquisition of the platform. A joint status report filed in federal court indicates that discussions about potential resolution options have taken place, but the case, initiated by the SEC in January 2025, is moving towards trial.
Zhongji Innolight files for $3 billion IPO in Hong Kong
Chinese optics firm Zhongji Innolight Co. has confidentially filed for a $3 billion initial public offering in Hong Kong, potentially making it one of the largest listings in the city this year. This move comes as the Hong Kong Stock Exchange experiences a recovery, with the Hang Seng Index closing up 505.89 points, or 2.04%, on April 1, 2026, following a challenging March.
TotalEnergies and Masdar Launch $2.2 Billion Renewable Venture
TotalEnergies and Masdar have signed a binding agreement to establish a $2.2 billion 50/50 joint venture to develop and operate renewable energy and battery storage projects in nine Asian countries, including Azerbaijan, Indonesia, and Japan. The joint venture will have a portfolio capacity of 3 GW of operational assets and 6 GW of assets in advanced development, expected to be operational by 2030. Headquartered in Abu Dhabi Global Market, the JV will employ around 200 staff from both companies, with the agreement pending regulatory approvals.
