SpaceX has begun private briefings for Wall Street investors ahead of a planned IPO in late June, opening key facilities in Texas and Tennessee, including Starbase and a data centre in Memphis. It is reported to be seeking about $75 billion in proceeds at a target valuation of $1.75 trillion. Governance issues involving Elon Musk and heavy AI investment are also expected to draw scrutiny.

Battery recycler Ascend Elements has entered Chapter 11 bankruptcy protection in the United States, TechCrunch reported on Thursday. The filing comes as the U.S. electric vehicle market slows. The report said the Trump administration’s cancellation of a $316 million subsidy earmarked for a Kentucky plant also contributed to the company’s funding strain. $204 million had already been disbursed, leaving the company seeking additional capital to cover the shortfall.