MAY 26·finance.yahoo.com→
The Question About Elon Musk That SpaceX Refuses to Answer Before Its IPO
SpaceX plans to list on Nasdaq in June 2026, targeting a $1.75 trillion valuation and raising up to $75 billion, according to pre-IPO materials. Goldman Sachs is listed as lead underwriter and Morgan Stanley as retail distributor. SpaceX says Elon Musk is the “driving force” behind operations but reports it maintains no key-person life insurance on him, citing potential disruption if he cannot continue in his roles.
MAY 25·risk.net→
People: StanChart’s new risk chief, Citi hires for FX, and more
Standard Chartered named Simon Wilson, formerly UBS and Credit Suisse market risk leader, as global head of automated risk, overseeing investment banking market intelligence and AI, and digitising FX and rates trading platforms in London. Citi hired James Carolan for global FX structuring and solutions, plus rates and inflation hires. Other moves include QVR winding down after a fund fell nearly 30% in early 2026.