--- title: "Weekend Round-Up: SpaceX's Historic IPO, Musk's Trillionaire Status, Paramount's Major DOJ Approval And More" type: "News" locale: "en" url: "https://longbridge.com/en/news/289693744.md" description: "This week's business highlights include Oracle beating Q4 earnings expectations despite high AI capex plans, and Adobe surpassing Q2 estimates amid CFO departure. SpaceX executed a record $75 billion IPO, pushing Elon Musk's net worth past $1 trillion. Additionally, Paramount secured DOJ approval for its $110 billion merger with Warner Bros. Discovery." datetime: "2026-06-14T12:31:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289693744.md) - [en](https://longbridge.com/en/news/289693744.md) - [zh-HK](https://longbridge.com/zh-HK/news/289693744.md) generator: "portal-rs" --- # Weekend Round-Up: SpaceX's Historic IPO, Musk's Trillionaire Status, Paramount's Major DOJ Approval And More This week was a whirlwind of activity in the business world. From **Oracle’s** impressive Q4 results to **SpaceX’s** record-breaking IPO, there was no shortage of exciting news. Let’s dive into the details. ## **Oracle’s Q4 Earnings Outshine Expectations** Oracle reported a double beat in its Q4 results, with revenue reaching approximately $19.18 billion, surpassing analyst estimates of around $19.10 billion. Adjusted earnings saw a 24% YoY growth, hitting $2.11 per share and beating analyst estimates of $1.96 per share. However, investors were spooked after the software giant said it plans to spend $90 billion to $95 billion on capital expenditures in fiscal 2027 and raise roughly $40 billion through debt and equity financing, including a $20 billion share sale, to fund its AI expansion. Read the full article here. ## **SpaceX’s IPO Shatters Records** SpaceX made a historic debut with the largest IPO in history, raising $75 billion through the sale of 555.6 million primary shares. Shares opened at $150, reflecting a strong demand from both institutional and retail investors, well above the offering price of $135. Read the full article here. **Read Also: Anthropic Abruptly Pulls Fable 5 And Mythos 5 Days After Launch Following US National Security Order, Calls It A 'Misunderstanding'** ## **Adobe’s Q2 Results Beat Estimates, CFO Steps Down** **Adobe** reported Q2 revenue of $6.62 billion, beating analyst estimates of $6.46 billion. The software company’s adjusted earnings of $5.96 per share also surpassed estimates of $5.82 per share. However, the company’s shares stumbled following the announcement of the CFO’s departure. Read the full article here. ## **Elon Musk’s Net Worth Soars Past $1 Trillion** Following SpaceX’s IPO, **Elon Musk’s** net worth soared past $1 trillion, marking a new era of wealth. Forbes estimates Musk’s worth at $1.1 trillion as of Friday, based on the $150 level for SpaceX stock. Read the full article here. ## **Paramount Secures DOJ Approval For Warner Bros. Discovery Deal** **Paramount** won key DOJ approval for its $110 billion **Warner Bros. Discovery** deal. The Justice Department found no evidence suggesting the merger would substantially reduce competition in the media and entertainment industry. Read the full article here. ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* **Read Also: Jensen Huang's 'Saaspocalypse' Prediction Coming True? 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