News linked to both this project and an event.
According to TechFundingNews, stablecoin payments company NALA announced it has secured a $50 million credit facility from Liquidity through Mars Growth Capital, its joint venture with Japan’s Mitsubishi UFJ Financial Group (MUFG). The new capital will be used to develop its stablecoin payment infrastructure, with a focus on expanding cross-border payments in emerging markets—including Africa and Asia—by offering real-time stablecoin-based payments and collections, pre-funded accounts, and treasury management services. Earlier, in July 2024, NALA closed a $40 million Series A round led by investors including Acrew Capital, DST Global, Norrsken22, HOF Capital, and Amplo, as well as angel investors Vlad Tenev, co-founder of Robinhood, and Ryan King, co-founder of Chime.
Odaily Odaily Mars Finance reported that SpaceX, under Elon Musk, has announced plans for its largest-ever IPO, providing investors with a comprehensive breakdown of the company's financial details, which encompass rocket launches, satellite broadband, and artificial intelligence businesses. According to the prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday, the company reported sales of $4.7 billion in the first three months of this year and an operating loss of $1.9 billion. Musk will hold 85.1% of the voting rights after the IPO. The company also plans to conduct mining operations on near-Earth asteroids. The filing also shows that Anthropic will pay SpaceX $1.25 billion per month until May 2029. Although the offering size and proposed valuation have not been disclosed, media reports have previously stated that SpaceX discussed raising approximately $75 billion at a valuation of $1.75 trillion. SpaceX will be listed on the Nasdaq under the ticker symbol SPCX. (Jinshi)