SpaceX IPO Valuation Sparks Debate: Lower than Space Industry Norm but Higher than AI and Cloud Computing Companies

On June 11th, NFTfi—an NFT mortgage lending platform—officially announced on Platform X that ongoing struggles in the NFT market mean its projected revenue can’t keep pace with operating costs, leading the company to gradually wind down the project over the coming months. Effective immediately, the platform will stop accepting new loan originations. For existing loans, borrowers can refinance through July 31st, and all outstanding loan balances must be repaid by August 31st. Every existing loan will be honored exactly as laid out in their original terms. NFTfi will cease all operations and take its frontend website offline on August 31, 2026. The smart contracts will continue to run autonomously on the blockchain, letting users still repay loans and claim their collateral directly through these contracts. Before the shutdown date, the platform will release detailed step-by-step guides for interacting with the smart contracts directly, and its Discord server will stay active during th

June 11 — Two people familiar with President Donald Trump’s reaction told CNN this week that he is furious after ordering a new round of U.S. strikes against Iran, as neither Tehran nor U.S. media deems the military action forceful enough.

On June 11, BlackRock has placed a subscription order of at least $5 billion for SpaceX’s IPO, according to sources familiar with the matter.

June 11 | SpaceX’s IPO Enters Countdown, Space-Themed Stocks Surge in U.S. Markets. According to data from Bitget, space-focused exchange-traded funds (ETFs) delivered solid gains during the U.S. stock trading session. The Tema Space Innovators ETF (ticker: NASA) climbed 7.81%, the Roundhill Space & Technology ETF (ticker: MARS) rose 6.26%, and the PROCURE ETF Trust II Space ETF (ticker: UFO) added 4.62%.

On June 11, CNN reported that the Pentagon faced a hazardous materials incident, with firefighters on scene. Multiple floors have been evacuated, and the U.S. Department of Defense has placed the facility on lockdown. (Golden Ten)

**OpenAI Acquires Ona, Integrating Secure Cloud Tech into Codex Ecosystem (June 11)** On June 11, OpenAI announced it has acquired Ona, integrating Ona’s secure cloud execution and orchestration technology into the Codex ecosystem. The deal will expand Codex’s offerings to provide secure, customer-controlled cloud infrastructure for long-running AI agents used in software and knowledge work. Currently, over 5 million people use Codex weekly for research, analysis, building, and automation—a 400% surge since the start of this year. As Codex’s capabilities grow, its highest-value work is shifting from minute-scale tasks to those spanning hours or days. Ona’s technology delivers a secure, persistent environment where AI agents can access the tools, systems, and context they need to advance tasks over time. By integrating Ona, OpenAI plans to move Codex away from a model reliant on a single device or active session, toward a setup that runs continuously in a customer’s cloud environment.