Allbirds collapses, SpaceX IPO targets $1 trillion, Iran buys a Chinese spy satellite, Sony Honda AFEELA canceled, Slate raises $650M, lab-grown chocolate.
Go/No-Go di Lumafield
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Allbirds sold its name and assets for $39 million after a $4 billion IPO in 2021, and the shell listing is now being used to raise $50 million for a GPU-as-a-Service company called NewBird AI. We use it as a window into the D2C brand era and what it takes to build a consumer brand that lasts.
SpaceX filed confidentially for a June IPO targeting $50 to $75 billion at a self-assessed valuation over $1 trillion, with Starlink generating $11.4 billion of that revenue in 2025. Iran acquired a Chinese spy satellite with half-meter resolution for $36.6 million through an in-orbit delivery model designed to sidestep export restrictions. A Citrini Research analyst rode a speedboat through the Strait of Hormuz to find out whether the blockade is real.
On the automotive side: the Sony Honda AFEELA is canceled before release, Honda expects a $15 ...