Today, @SpaceX (Nasdaq: SPCX) makes its public market debut with a $75Bn offering (pre-greenshoe) at $135 per share, marking the largest IPO in history.
Congratulations to the SpaceX team. We are honored to serve as joint lead bookrunner and sole stabilization agent.
.@SpaceX has officially priced what is set to become the largest IPO in history.
According to an official announcement, the company priced its IPO at $135 per share, offering 555,555,555 shares of Class A common stock — a raise of roughly $75 billion.
The countdown has begun.
SpaceX IPO trading goes live on @DeriWOfficial on June 12 at 10:00 EDT.
Connect your wallet, deposit funds from Arbitrum, and get everything ready before trading begins.
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Five years into the future may feel like a long time. Actually, it is, but the next five years will pass you by faster than you think.
You're scared to take a 4 years course because you're 26, and by the time you're done, you'd be 30. Truth is, whether you take the course or not, in 4 years time, you'd still be 30.
There is nothing you should be doing at this moment in your life other than admitting you still have a lot to learn.
Okay, I lied, there are a few things you should be doing - Enroll for that course, launch that podcast you've always had in mind, submit that application, build that business, learn that new skill.
Find the little things that'll compound over time and take action on them.
May the odds be in our favor. 🙏📊
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DeFi audits are like snapshots, not guarantees.
An audit only reflects the state of the code on the day it was performed. Every upgrade, contract migration, oracle change, or new dependency introduces variables the original audit may not have covered.
Security is an ongoing process. Transparency, monitoring, and post-audit disclosures matter far more than just a badge.
𝐓𝐡𝐞 "𝐚𝐮𝐝𝐢𝐭𝐞𝐝" 𝐛𝐚𝐝𝐠𝐞 𝐢𝐬 𝐝𝐨𝐢𝐧𝐠 𝐭𝐨𝐨 𝐦𝐮𝐜𝐡 𝐰𝐨𝐫𝐤 𝐢𝐧 𝐃𝐞𝐅𝐢 𝐦𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠.
𝑻𝒉𝒊𝒔 𝒊𝒔 𝒘𝒉𝒚...
An audit is a snapshot. It tells you what a firm thought of the code on the day they finished reviewing it. It says nothing about what the protocol looks like six months later, after a contract migration, an oracle change, a new admin key, or a quietly added dependency.
Most depositors treat "audited" as a permanent property of a protocol. It isn't. It's a moment.
The protocols that survived the last two cycles weren't the ones with the most audit badges on their landing page. They were the ones that kept publishing what changed after the audit, which contracts got upgraded, which oracles got swapped in, which admin keys got rotated, and what the new attack surface looked like.
𝐓𝐡𝐚𝐭 𝐩𝐫𝐚𝐜𝐭𝐢𝐜𝐞 𝐢𝐬 𝐫𝐚𝐫𝐞 𝐢𝐧 𝐃𝐞𝐅𝐢.
The reason it's rare is the same reason audit badges are everywhere: badges are marketing assets. Post-audit transparency is operational discipline. Marketing scales. Operational discipline doesn't, not without effort.
When we score a vault for ayUSD inclusion, the audit is the first filter. The post-audit changelog is what tells us whether to allocate. A vault that's been audited once and quietly modified twelve times since is not the same product the audit covered.
𝑰𝒇 𝒚𝒐𝒖'𝒓𝒆 𝒑𝒊𝒄𝒌𝒊𝒏𝒈 𝒚𝒊𝒆𝒍𝒅 𝒑𝒓𝒐𝒅𝒖𝒄𝒕𝒔 𝒃𝒚 𝒂𝒖𝒅𝒊𝒕 𝒃𝒂𝒅𝒈𝒆𝒔, 𝒚𝒐𝒖'𝒓𝒆 𝒑𝒊𝒄𝒌𝒊𝒏𝒈 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒂 𝒑𝒉𝒐𝒕𝒐𝒈𝒓𝒂𝒑𝒉 𝒐𝒇 𝒂 𝒃𝒖𝒊𝒍𝒅𝒊𝒏𝒈 𝒕𝒉𝒂𝒕'𝒔 𝒃𝒆𝒆𝒏 𝒓𝒆𝒎𝒐𝒅𝒆𝒍𝒆𝒅 𝒕𝒉𝒓𝒆𝒆 𝒕𝒊𝒎𝒆𝒔.
Let us know your POV in the comments.
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