SpaceX's Plan To Go Public

Company Developments - iRobot (IRBT) has filed for bankruptcy protection and will go private after being acquired by its primary manufacturer [3] - SpaceX (SPACE) is in the process of selecting investment banks for a potential IPO, targeting a valuation of up to $1.5 trillion [5] - SpaceX has initiated a secondary share sale valuing the company at $800 billion, with shares priced at $421 each [6] - Alphabet (GOOG) stands to gain significantly from its investment in SpaceX, with an expected accounting gain linked to its stake [7] Industry Insights - Concerns over China's property sector have resurfaced as Vanke's bondholders rejected its bond payment plan, increasing default risks [4] - The tech trade between the US and UK is at risk of collapse due to disagreements [8] - Developers have canceled nearly 2,000 power projects this year, indicating potential shifts in the energy sector [8]