Developer & Business Tech Summary

Elon Musk has indicated that SpaceX is planning an initial public offering in 2026, potentially valuing the company at $1.5 trillion, which would make it ten times larger than the biggest VC-backed listing of all time.

According to sources, this IPO could raise more than $30 billion, significantly boosting Musk's wealth and bringing him closer to becoming the world's first trillionaire. In other news, Qualcomm recently acquired RISC-V chip designer Ventana Micro Systems to enhance its CPU development strategy, emphasizing its commitment to the RISC-V ecosystem.

Meanwhile, Stripe has acquired the crypto payments startup Valora, expanding its capabilities in the stablecoin market. Additionally, A16z Crypto has opened a new office in South Korea as part of its strategy to invest in the Asian market, reflecting the ongoing global shift towards cryptocurrency and blockchain technologies.