Daily Funding Roundup:
June 11, 2026
SPCX pricing day. SpaceX priced at $135 after the close, $75B raised, $1.77T valuation, the largest IPO in history (crushing Aramco's $29.4B). Prometheus took a $12B Series B at $41B for Bezos's physical AI bet. Digital Asset cleared $2B on a $355M a16z crypto-led Canton round with the broadest institutional crypto cap table ever assembled. KOHO minted a new Canadian fintech unicorn at CAD$1.33B. ECB hiked +25bp to 2.25%, first hike since 2023. Adobe printed record $6.62B but CFO Dan Durn departed.
IPO Pricing
SpaceX priced its IPO after Thursday's close at $135/share (top of the fixed-price book), selling 555,555,555 Class A shares for $75B in proceeds, the largest IPO in history (eclipsing Aramco's $29.4B). Implied valuation roughly $1.77T. Order book had closed Wednesday 3.5-4x oversubscribed. Musk retains roughly 82% post-IPO. Retail allocation approximately 30% (vs 10% typical). Nasdaq IOI for Friday's first trade printed in the $150-$168.75 range, implying an immediate >$2T pop. First trade Friday June 12 on Nasdaq (and the new Nasdaq Texas) under ticker SPCX.
Rounds
Prometheus took a $12B Series B at $41B post-money led by JPMorgan, the second mega-round in seven months for Jeff Bezos's 'physical AI' bet. The company is building an 'artificial general engineer': advanced CAD-like AI for designing and manufacturing physical products, from jet engines to drug compounds. Roughly 150 people poached from Meta, OpenAI, and DeepMind across SF, London, and Zurich. Co-founded late 2024 by Co-CEOs Jeff Bezos and Vik Bajaj (Verily co-founder, Stanford professor). The Bezos vs Musk 'physical AI vs space' framing dominated VC X all day as SPCX priced in the same evening window.
New York-based Digital Asset closed an oversubscribed $355M (target $300M) round at roughly $2B led by a16z crypto ($100M check). The Canton Network is a Layer 1 blockchain for tokenized institutional assets with 700+ ecosystem participants; the company is profitable. Cap table includes Apollo, BNP Paribas, Citadel Securities, Coinbase Ventures, HSBC, S&P Global, SBI Group, SoFi, Tradeweb, and ADIA, the broadest institutional crypto cap table ever assembled. Founded 2014 by CEO Yuval Rooz.
Toronto and Vancouver-based KOHO Financial raised CAD$130M ($95M) Series E at CAD$1.33B ($975M), a new Canadian fintech unicorn, anchored by Abu Dhabi's Mubadala. Savano Capital Partners and Shopify CEO Tobi Lütke joined new. 2.5M users, roughly $250M revenue, pursuing a federal banking license. Founded 2014 by CEO Daniel Eberhard. Total raised: CAD$507M.
San Francisco-based Poetic raised a $50M Series A at $500M post-money led by Kleiner Perkins. Deterministic enterprise AI workflows for insurance underwriting, fraud, and compliance, using a proprietary programming language. Customers include SoFi and AIG. Founded 2023 by CEO Markie Wagner (ex-Google, ex-Waymo ML engineer; previously ran Delphi Labs).
News & Signals
SPCX pricing: $135, $75B raised, $1.77T valuation, largest IPO in history
SpaceX priced after the Thursday close at $135 fixed (top of the book), $75B raised on 555,555,555 Class A shares, $1.77T implied valuation. Crushes Aramco's $29.4B 2019 IPO to become the largest in history. Musk retains roughly 82% post-IPO; retail got roughly 30% of the float (vs the typical 10%). Nasdaq's Friday IOI is $150-$168.75 range, implying SPCX opens >$2T (top 10 US public company at the open, larger than Tesla, JPMorgan, and Berkshire Hathaway). The 'forced index buyer' setup retail X has been pricing for two weeks just got its final detonator.
ECB hikes +25bp to 2.25%, first hike since 2023; raises 2026 inflation forecast to 3.0%
ECB voted unanimously to hike +25bp, taking the deposit rate to 2.25%, MRO to 2.40%, and MLF to 2.65% (effective Jun 17). Lagarde explicitly cited the Iran-conflict energy shock and Strait of Hormuz disruption. ECB raised the 2026 inflation forecast to 3.0% (from 2.6%) and core to 2.5%. Growth seen at 0.8%/1.2%/1.5% for 2026/27/28. The first hike since 2023 across the Atlantic confirms the global rate-repricing thesis the NFP shock kicked off Friday Jun 5.
Adobe record $6.62B revenue, AI-first ARR triples to >$500M, but CFO Dan Durn departing
Adobe printed Q2 FY26 after the close: record $6.62B revenue (+13% YoY / +11% cc), beating $6.48B high-end guidance. EPS $4.25 GAAP / $5.96 non-GAAP. Total ARR $27.10B. AI-first ARR over $500M, tripled YoY, the cleanest 'AI revenue is real' datapoint of the cycle. But CFO Dan Durn announced he's departing Jun 15 to join Marvell. Steve Day (SVP Corp Finance) interim. Stock fell roughly 5.5% after-hours as the CFO exit (second top-level vacancy alongside the ongoing CEO search) eclipsed the beat-and-raise.
PPI hot on headline, jobless claims rise to 229K, mixed labor signal
May PPI headline +1.1% MoM vs +0.7% expected, +6.5% YoY (hot). Core PPI +0.4% MoM (cool), +4.9% YoY (cooler than 5.4% expected). Mixed but headline-hot. Initial jobless claims rose 4K to 229K (above 219K consensus); continuing claims 1.795M (+24K, slightly above 1.78M). Labor softening incrementally; combined with hot PPI, the December-hike narrative held. Brent -2.9% to $90.38; BTC around $62,900 risk-off.
Trump: Iran deal could sign 'in coming days, possibly this weekend in Europe'
Trump said Thursday that a deal with Iran could be signed in the coming days, 'possibly this weekend in Europe', with the reopening of the Strait of Hormuz central to terms. The framework has unwound and re-tightened repeatedly over the past two weeks; this is the second deadline-style signal in 10 days. Brent slid to $90.38; energy disinflation potential remains the only realistic counter to the ECB's +3.0% 2026 inflation forecast.
VC Mood on X
The defining moment of the AI mega-cycle landed in a single evening window. SpaceX priced at $135 for a $75B raise and $1.77T valuation, the largest IPO in history, while Bezos went on CNBC to disclose Prometheus at $41B with $12B raised in seven months. The Bezos vs Musk 'physical AI vs space' framing went viral within an hour; multiple VCs noted both being mega-cap private (Prometheus) and mega-IPO (SPCX) on the same Thursday confirmed that the AI capital cycle now spans every modality from chips to robots to satellites to physical-product CAD.
Underneath, Digital Asset at $355M with a16z crypto, Apollo, BNP Paribas, Citadel Securities, HSBC, S&P Global, SoFi, ADIA, and 17 others on the cap table is the cleanest 'institutional DeFi has officially happened' print possible. The Canton Network thesis (Layer 1 blockchain for tokenized institutional assets) got the broadest legacy-financial syndicate ever assembled into a crypto cap table. KOHO at C$1.33B added a Canadian fintech unicorn to the week's count; Poetic at $500M Kleiner-led put deterministic enterprise AI workflows on the venture menu.
Macro was relegated to a footnote. ECB +25bp to 2.25% (first hike since 2023, citing Iran-conflict energy shock) confirmed the global rate repricing the NFP shock kicked off Friday Jun 5. Adobe's $6.62B record + AI-first ARR tripling to over $500M was the cleanest 'AI revenue is real' datapoint, but the CFO departure announcement immediately tanked the print -5.5% AH. PPI hot on headline, jobless claims rose to 229K, Brent -2.9% to $90.38 on Trump's 'possibly this weekend' Iran deal hint. Operators come back Friday morning to SPCX first trade on Nasdaq, the index funds forced-buying narrative, and a tape that has compressed the largest IPO ever into a single morning session.
Rounds and signals sourced from SEC filings, press releases, and verified news reports. All amounts in USD unless noted. Reporting reflects information available at time of publication.