Sam Altman Cancels Abu Dhabi Trip

June 12: LookOnChain monitoring shows the SpaceX-linked "Mega Whale" has doubled down on its long position in XYZ:SPCX, bringing its total holdings to 202,305 units valued at $35.14 million, with a liquidation price of $95.12. The whale established this 2x long SPCX position earlier today, with the initial opening position worth $17.33 million.

June 12 – Maye Musk, mother of Elon Musk, and SpaceX executives arrived early at Nasdaq, multiple U.S. media outlets confirm. Notably, Maye Musk is the first member of the Musk family to be spotted arriving for SpaceX’s debut at the exchange.

June 12 (Reuters) — SBF fails to overturn his fraud conviction and 25-year prison sentence.

June 12 — Alicharts analysts are pointing to the 2021 Coinbase IPO as a precedent to anticipate the potential impact of SpaceX’s upcoming public offering on the broader stock market. Coinbase launched its IPO on April 14, 2021. Ahead of that debut, Bitcoin had surged over 1,200% since March 2020; in the months following the crypto exchange’s listing, the cryptocurrency suffered a sharp 50% correction. SpaceX’s IPO is now timed against a parallel market backdrop: the S&P 500 has posted a more than 50% gain over the past year. Alicharts notes that with extreme hype already priced into current market valuations, historical trends show a period of natural macro-level consolidation and profit-taking across broad indices would be entirely healthy for the market.

On June 12, Securitize announced that its tokenized AAA-rated Collateralized Loan Obligation (CLO) fund STAC has expanded to the Solana network. Ethena Labs plans to allocate $250 million to STAC, making it one of the largest tokenized structured credit products in the Solana ecosystem to date. Developed in partnership with BNY, STAC has the bank serving as both the fund’s underlying asset custodian and a sub-advisor through its BNY Investments division. The fund invests in USD-denominated AAA-rated CLO tranches via a floating-rate structured credit exposure strategy with no leverage. Global CLO issuance totals more than $1.3 trillion. Additionally, Securitize’s business combination with Cantor Equity Partners II (NASDAQ: CEPT) is scheduled for a shareholder meeting on June 29; post-merger, the combined entity will list on the New York Stock Exchange under the ticker symbol "SECZ."

June 12, per market sources, Europe’s leading artificial intelligence company Mistral AI is currently in fundraising negotiations at a valuation of roughly €20 billion. Mistral AI is a European AI startup founded in 2023. It closed a €1.7 billion Series C funding round in September 2025, with a post-money valuation of €11.7 billion at the time, led by ASML. Click the original article link below to join DoraHacks’ Beating – Feishu AI News Channel, which continuously tracks global AI hot topics and news around the clock.