🧑‍🚀 Top Deals You Can’t Miss

1. SpaceX, $75 billion raised at $135 a share in the largest IPO in history, now trading on Nasdaq at a valuation near $1.77 trillion.

2. Mistral, in talks to raise €3 billion at a €20 billion valuation, nearly double where it priced less than a year ago.

3. Theker, $85 million Series A led by CRV, the biggest robotics Series A ever raised in Europe.

Dopamine Dealflow

Series B+ & Growth

• CameraMatics | up to €49 million | Growth | Dublin, Ireland

  • Builds a connected fleet intelligence platform combining AI video analytics, driver assistance, and real-time operational insights for nearly 1,000 commercial fleet customers, including Royal Mail and XPO. Blume Equity led the round and was joined by the Ireland Strategic Investment Fund and Goodbody Capital Partners.

Series A

• Theker | $85 million | Series A | Barcelona, Spain
  Builds AI-native generalist factory robots with swappable hands, arms, and form factors that adapt to new tasks without reprogramming. CRV led the round and was joined by Samsung, LVMH, Cathay Innovation, 20VC, Henkel Ventures, Korelya, and Bright Pixel Capital.
  

• Capsa AI | $18 million | Series A | London, United Kingdom

  • Builds an AI operating system that turns private capital firms' fragmented emails, documents, and CRM data into a single searchable knowledge layer. TX Ventures and Pivot Investment Partners co-led the round, joined by Bek Ventures, Antler, Outward VC, and Cornerstone VC.

Seed & Early Rounds

• Skillmaker | $4.5 million | Seed | Carolina Beach, United States

  • Builds AI and XR training for skilled trades, already shipping through its NAPA Autotech XcceleratoR program. The oversubscribed round drew Potencia Ventures, Full Circle, Wolfpack Investor Network, Workshop Ventures, and IDEA Fund Partners.

Strategic, M&A & Undisclosed

• Ona | Undisclosed | Acquisition | Kiel, Germany

  • OpenAI is buying the company to give Codex agents secure, persistent cloud environments that keep working on hours-long tasks after the developer closes the laptop.

IPOs / Direct Listings / Issuances / Block Trades

• SpaceX | $75 billion | IPO | Starbase, United States

  • Sold 555.6 million shares at $135 each and began trading on Nasdaq as SPCX, opening at $150 and touching $176.52 intraday, a valuation near $1.77 trillion that makes it the seventh most valuable company in the United States, ahead of Tesla.

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Read of the Day

Liftoff: SpaceX Raises $75 Billion In The Largest IPO Ever

Elon Musk is now a trillionaire, and the private market just lost its biggest holdout.

SpaceX priced 555.6 million shares at $135 each, raising $75 billion and topping Saudi Aramco's IPO as the largest in market history. The stock opened at $150 on Nasdaq under the ticker SPCX and reached a high of $176.52, up 31% from the offer price. That values the company near $1.77 trillion, seventh among all US companies and ahead of Tesla.

The Backstory

Goldman Sachs and Morgan Stanley reportedly disagreed on SpaceX's value by $132 billion going into pricing, and the order book closed oversubscribed anyway. Musk keeps 4.8 billion shares, about 42% of the company, plus 82.4% of the voting power, so public shareholders are along for the ride, not at the wheel.

The Strategy

A listing this size forces index buying as SPCX enters the major benchmarks, creating a structural bid under the stock. Early backers finally get liquidity: 137 Ventures' roughly 1% stake is now worth more than $10 billion.

Why It Matters

The largest pools of venture returns have been locked inside private mega-caps for a decade. SpaceX just proved the exit path works at a trillion-dollar scale, and it delivers real distributions to LPs for the first time in years. Expect boards at OpenAI and Anthropic to feel the pressure, and expect late-stage secondaries to reprice against a live SPCX ticker.

👉 Read The Whole Story Here

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