James Altucher:

SpaceX IPO Targets $75 Billion at $135 per Share

SpaceX filed terms for its initial public offering Wednesday, disclosing plans to sell 555,555,555 shares of Class A common stock at $135 apiece, which would raise close to $75 billion at a valuation of approximately $1.75 trillion.

If completed at those terms, the offering would eclipse Saudi Aramco's 2019 record of $29.4 billion, which has stood as the largest IPO in history. At its target valuation, SpaceX would rank among the 10 most valuable U.S.-listed companies, ahead of Meta Platforms, Berkshire Hathaway, and Tesla.

SpaceX broke with standard IPO practice by declaring a fixed price rather than a preliminary range that could be refined after investor meetings. The decision to publish a price before its roadshow has few if any precedents among major U.S. IPOs.

SpaceX reportedly settled on a single number partly to strip out the uncertainty that typically surrounds the pricing process and to make its upcoming investor meetings more straightforward.

The company's investor roadshow begins Thursday, with trading on the Nasdaq set to begin June 12 under the ticker symbol SPCX. SpaceX could still adjust the $135 price before the IPO.

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Ray Blanco:

Amazon’s Proteus Warehouse Robot Now Plans Tasks Directly From Worker Text Prompts

Amazon has unveiled a new version of its autonomous Proteus robot that can take plain-language instructions from workers and operate across more areas of its fulfillment centers.

The robot was introduced at Amazon’s Delivering the Future event in London, where the company also announced plans to invest more than €10 billion ($11.6 billion) in expanding and modernizing its European fulfillment network with robotics and automation technologies.

Unlike earlier versions that were primarily limited to dock operations, the latest Proteus can move items throughout fulfillment sites. Employees can direct the robot using conversational text prompts rather than technical commands or programming interfaces.

According to Amazon, workers simply tell the robot what needs to be done. Proteus then determines the priority of the task, selects a route, and decides when to perform it.

The update highlights how Amazon is increasingly combining robotics with artificial intelligence inside its warehouses. Rather than relying on predefined workflows, the company is testing systems that allow employees to communicate tasks more naturally, reducing the need for specialized training while improving operational flexibility.

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Chris Campbell:

‘Bots Have Now Passed Human Traffic Online,’ Cloudflare Boss Laments – Says Agentic Traffic Wasn’t Expected To Eclipse Real People Until Next Year

The rapid increase in agentic internet traffic means “bots have now passed human traffic online for the first time in the Internet's history,” according to the CEO and co-founder of Cloudflare, Matthew Prince.

“Welp, that happened faster than I predicted,” Prince awkwardly admitted, making his previous expectations of the crossover happening sometime in 2027 seem way off the mark.

Cloudflare reckons these AI agents are online doing stuff like reading product pages, checking prices, performing multi-step tasks online like comparing flights, scraping and indexing web content (but for AI models, not search engines), and acting as personal assistants to order food, compare and shop, and handle customer service interactions.

At the time of writing, Cloudflare data suggests that the balance between bot vs. human web traffic (HTTP requests) is already firmly favoring the former, split 57.5% vs. 42.5%.

Breaking down human/bot traffic by country, the most bot-ridden traffic comes from the tiny island of Gibraltar (92.1%), followed by Singapore (76.4%), then Iran (76.4%).

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