Japan – Gaming Master https://gaming.vmondeika.com Get daily gaming updates with us Fri, 12 Jun 2026 09:33:23 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 SpaceX raises $75B in largest IPO ever, Japan gets $2.2B https://gaming.vmondeika.com/spacex-raises-75b-in-largest-ipo-ever-japan-gets-2-2b/ https://gaming.vmondeika.com/spacex-raises-75b-in-largest-ipo-ever-japan-gets-2-2b/#respond Fri, 12 Jun 2026 09:33:23 +0000 https://gaming.vmondeika.com/spacex-raises-75b-in-largest-ipo-ever-japan-gets-2-2b/ [ad_1]

TL;DR

SpaceX raised $75 billion in the largest IPO in history, pricing 555.6 million shares at $135 each for a $1.77 trillion valuation. Japanese retail investors bought $2.2 billion of the offering through Mizuho, Rakuten, and SBI.

SpaceX begins trading on Nasdaq today under the ticker SPCX after raising $75 billion in the largest initial public offering ever completed. The previous record holder, Saudi Aramco’s 2019 listing, raised $29.4 billion, making SpaceX’s offering roughly 2.5 times larger.

A regulatory filing on Friday confirmed that Japanese investors accounted for $2.2 billion of the total, purchasing 16.3 million Class A shares, or about 3% of the offering. Japan was one of a handful of countries outside the United States, alongside Australia, Canada, and parts of Europe, where retail buyers had direct access to the shares.

How the Japan tranche worked

Mizuho Financial Group’s US investment banking unit is one of 23 underwriters on the deal. It ran the Japanese allocation through its local brokerage and two online platforms, Rakuten Securities and SBI Securities.

SpaceX initially targeted $2 billion from Japanese investors but raised the ceiling to $2.5 billion after demand surged. The final $2.2 billion makes it the largest first-time share sale in Japan since JX Advanced Metals’ IPO last year.

The global picture

Total investor demand reached approximately $250 billion, making the offering nearly four times oversubscribed. BlackRock alone reportedly placed a $5 billion order. Goldman Sachs led the 23-bank underwriting syndicate, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase among the book-running managers.

At the $135 per share price, SpaceX’s fully diluted valuation sits at approximately $1.77 trillion, making it the seventh-largest listed company in the United States, above Tesla’s market capitalisation of roughly $1.6 trillion. If underwriters exercise the full over-allotment option, total proceeds could reach $86.25 billion.

What SpaceX actually is now

SpaceX is no longer just a rocket company. After absorbing Elon Musk’s AI venture xAI in an all-stock transaction in February 2026, it became a conglomerate spanning reusable rockets, satellite internet, and artificial intelligence infrastructure.

Its S-1 filing disclosed $18 billion in consolidated revenue for 2025, alongside a net loss of $4.9 billion. Starlink, the satellite internet division, generated $11.4 billion in revenue and $4.4 billion in operating profit, accounting for 61% of total sales and all of the company’s profitability. The xAI segment recorded a $6.35 billion operating loss.

Musk’s grip on voting power

Musk holds approximately 42% of SpaceX’s equity but controls roughly 82% of its votes through a dual-class share structure in which his Class B shares carry disproportionate voting rights. That gives him unilateral authority to elect or remove a majority of the board.

The S-1 prospectus lists 849.5 million Class A shares and 5.57 billion Class B shares, a structure that ensures public shareholders have minimal governance influence regardless of their economic stake.

Who gets rich

The IPO is expected to mint roughly 4,000 millionaires among SpaceX’s workforce, including engineers, cooks, and administrative staff who received equity as part of their compensation. SpaceX set aside up to 5% of shares for employees and their associates.

Founded in 2002, SpaceX spent two decades as a private company, funding its operations through government contracts, private equity rounds, and Starlink revenue. The IPO marks the first time ordinary investors can buy shares directly.

The flags

SpaceX is unprofitable on a GAAP basis, with the xAI segment responsible for the $4.9 billion net loss. Whether Starlink’s profits can scale fast enough to offset xAI’s capital consumption is unresolved.

Musk’s 82% voting control means public shareholders are effectively along for the ride on all strategic decisions, including future acquisitions and capital allocation. The $1.77 trillion valuation implies growth rates no company has ever sustained at this scale, as Fortune has noted, and the xAI integration adds execution risk that did not exist when SpaceX was purely a launch and satellite business.

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Nintendo Combats Scalpers With New Switch 2 Purchase Requirements In Japan https://gaming.vmondeika.com/nintendo-combats-scalpers-with-new-switch-2-purchase-requirements-in-japan/ https://gaming.vmondeika.com/nintendo-combats-scalpers-with-new-switch-2-purchase-requirements-in-japan/#respond Fri, 12 Jun 2026 08:04:30 +0000 https://gaming.vmondeika.com/nintendo-combats-scalpers-with-new-switch-2-purchase-requirements-in-japan/
Switch 2
Image: Bandai Namco

Nintendo’s Japanese branch has announced it’s placed new purchase requirements on the Switch 2, after discovering “multiple orders” suspected of scalping consoles.

The notice specifically highlights the Switch 2 “multi-language” model sold on the Nintendo Store in Japan. To purchase one of these units, customers will now be required to have “50 hours or more” of play time on the original Switch (as of the end of May 2026) before they can purchase this new unit.

As further noted, this does not include the hours spent on demo software or free software, and Nintendo is also limiting Switch 2 orders to one purchase per Nintendo account. Here’s the full translated notice about this via social media:

Nintendo: Regarding sales of the Nintendo Switch 2 (Multilingual) on the Nintendo Store, we have temporarily suspended sales after identifying multiple orders suspected of hoarding or similar activities.

To ensure we can deliver the product to as many customers as possible, we will now limit sales to customers who meet the following conditions. We appreciate your understanding.

Please note that there are no changes to the purchase conditions for the Nintendo Switch 2 (Japanese/Japan-only).

<Requirements for Purchasing the Nintendo Switch 2 (Multilingual Version)>

・As of 11:59 PM on Sunday, May 31, 2026, you must have played the Nintendo Switch for 50 hours or more.
*Excludes demo versions and free software.
*The purchase limit is one unit per Nintendo Account.

In case you missed it, Nintendo’s new price for the Switch 2 will come into effect this September in Western markets. In Japan, the new prices have already been applied as of May 2026. The company is also increasing the price of the original Switch hardware in Japan as well as its Switch Online subscription in this location.

The reasoning for these price increases are due to “changes in market conditions” and “global business outlook”. This isn’t isolated to Nintendo, either. Every major player in the console space has announced price increases in recent months in response to global supply shortages and other market factors. It’s even ignited rumours about next-generation hardware delays.

You can find out more about the new prices for the Switch 2 and original Switch in our previous story here on Nintendo Life:

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Overwatch’s upcoming Japan trip brings Hero 52 and Tokyo https://gaming.vmondeika.com/overwatchs-upcoming-japan-trip-brings-hero-52-and-tokyo/ https://gaming.vmondeika.com/overwatchs-upcoming-japan-trip-brings-hero-52-and-tokyo/#respond Fri, 05 Jun 2026 22:55:36 +0000 https://gaming.vmondeika.com/overwatchs-upcoming-japan-trip-brings-hero-52-and-tokyo/

ow2 all heroes 2026

If you feel like the current Overwatch roster is getting a little crowded, Blizzard begs to differ. The development team has dropped the curtain on what is coming down the pipeline, confirming that Hero 52 will arrive alongside a brand-new Tokyo core map.

The update builds heavily on the criminal underworld lore established in the short stories and comics. For players who have been begging for the game to move away from generic sci-fi facilities and back to tight, urban street layouts, this next phase looks like an answer to those prayers.

Cass 2.0 Hits the Streets

While Blizzard keeps the final character model under lock and key, leaks and development teasers from the community have already painted a very clear picture of Hero 52. The character is slated to be a Damage dealer who acts as the supreme leader of the Hashimoto clan. This is the ruthless yakuza-style syndicate that took control of Kanezaka and Tokyo following the downfall of the Shimada empire.

Mechanically, the early testing data points to a high-mobility skirmisher built entirely around dual pistols. Think of it like a spiritual successor to Cassidy, but trading the single-shot cowboy revolver for rapid-fire double guns. Up-close combat and melee strikes are heavily integrated into the kit, making her playstyle lean closer to an aggressive, combo-heavy duelist than a traditional long-range sniper.

Welcome to the Neon Underworld

The accompanying Tokyo map is a massive structural big deal for the game’s ongoing content cycle. Visually, it focuses on the neon-drenched night streets controlled by the Hashimoto. This marks a sharp contrast to the peaceful, cherry-blossom aesthetic of Hanamura or the quiet suburbs of Kanezaka.

The map addition also carries a bit of historical significance for the development team. With the arrival of Hero 52, the game officially breaks out of the content drought that plagued the transition era between the original game and its sequel. While the hero pipeline is now operating at a net positive, the map pool has been a major point of community frustration due to the recent system reworks and the retirement of older assault modes.

This core map launch represents a major effort to inject fresh variety into the standard competitive rotation.

A Narrative Collision Course

The lore implications are dropping some massive anchors for the future of the game’s story. Hero 52 stands as the direct employer and terrifying boss of Mizuki, the recent undercover addition who has been playing a dangerous double-agent game with Kiriko’s Yokai group.

Bringing the big boss of the Hashimoto directly into the arena means the localized gang war in Japan is spilling over into the global stage. It adds some actual narrative stakes to the match loading screens, giving characters like Genji, Hanzo, and Kiriko a very personal antagonist to trade voice lines with spawn room doors open.

Dual pistols, yakuza leadership, and a grudge against the local vigilantes. Kiriko might have a giant fox spirit on her side, but clearing the streets of Tokyo is about to get a whole lot more expensive.

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