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launchseismic2026-07-10

China recovers Long March 10B first stage on maiden flight

China's Long March 10B flew for the first time and recovered its first stage at sea, the second country to do so.

China Aerospace Science and Technology Corporation (CASC) launched the Long March 10B on its maiden flight from the Hainan Commercial Space Launch Site early July 10, carrying a satellite that reached its planned orbit, per SpaceNews and Space.com. About six minutes after stage separation, the first stage returned vertically and was captured by a net system aboard a sea-based recovery platform, the vessel Linghang Zhe, roughly 11 minutes after liftoff, per CASC's own statement quoted by Space.com. CASC said it intends to reuse the recovered stage before the end of 2026.

financialseismic2026-06-12

SpaceX goes public on Nasdaq, raising $75 billion in the largest IPO on record

SpaceX sold 555.6M shares at $135 and closed its first day near $161, a $2.1 trillion valuation, per CNBC.

SpaceX priced 555,555,555 Class A shares at $135.00 each in its initial public offering, for proceeds to the company before expenses of $74,499,999,925, and began trading on Nasdaq on June 12 under the ticker SPCX. Per its prospectus, underwriters hold a 30-day option for up to 83,333,333 additional shares, and Elon Musk retains about 82.4% of voting power after the offering through the dual-class structure. Per CNBC, the stock opened at $150, closed near $161, up 19%, valuing the company around $2.1 trillion, with more than 500 million shares traded on the first day; TechCrunch called it the largest IPO in history, eclipsing Saudi Aramco's 2019 debut.

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