Companies going public almost always leave the price for last. They set a range, send executives on a roadshow, take the temperature of the institutions, and let demand decide where the shares land. SpaceX has decided to do it backwards.
The mechanics are worth pausing on, because they are unusual to the point of being a statement. Fixing a price ahead of bookbuilding removes the ritual by which investors negotiate valuation down. It tells the market that the terms are the terms.
At $135 a share across roughly 555.6 million shares, the raise would be the largest in history, and it implies a valuation of about $1.75tn. SpaceX is aiming to debut on the Nasdaq under the ticker SPCX, with trading expected on 12 June.
This is not SpaceX’s first move toward the public markets, and TNW readers have watched the run-up closely. The company filed its S-1 earlier this year, opening the path to what would be the largest listing ever, and the prospectus confirmed that Musk and insiders would retain dominant voting control through a dual-class structure. The fixed price is the next escalation: having filed on its own terms, SpaceX now intends to price on them too.
What makes the $1.75tn number defensible, or at least arguable, is that SpaceX is no longer only a rocket company. Its February acquisition of xAI folded Musk’s AI startup into the launch-and-satellite business, and the combined entity is pitched as an AI-infrastructure play as much as a space company.
Proceeds from the IPO are earmarked partly for expanding AI computing resources alongside the Starlink satellite network. The roadshow, when it comes, will sell two stories at once.
The retail tilt reinforces the spectacle. SpaceX is reportedly reserving as much as 30% of the offering for individual investors, far above the single-digit allocations typical of a deal this size.
That is partly fan service, the company has a devoted retail following, and partly a hedge: a price fixed before bookbuilding leans on broad demand rather than a handful of institutions setting the clearing level.
Not everyone is convinced the price is the price. A Danish pension fund has already blacklisted the listing on governance grounds, citing the concentration of voting control and a valuation it considers stretched.
That objection sits at the centre of the deal. Investors buying SPCX are buying shares with limited say in a company controlled by a founder whose attention spans rockets, satellites, AI, social media and electric cars.
The case for the price is the same as it has always been with Musk: that the rules bend around businesses that do things competitors cannot. SpaceX launches more mass to orbit than every other operator combined, Starlink has a multi-million subscriber base, and the xAI tie-up gives the story an AI dimension at the precise moment markets pay most for one.
The case against is that fixing a price before the roadshow assumes a level of demand that roadshows exist to test. If the book fills, SpaceX will have rewritten how mega-IPOs are priced. If it does not, there is no range to retreat to.
macOS has a built-in screenshot tool that gets the basics right. You can take a screenshot, record your screen, and even annotate your captures. But the moment you want something more, like scrolling capture, advanced annotation tools, or a quick way to share your screenshots via a link, it starts to fall apart.
That’s where CleanShot X comes in. It’s a powerful screenshot and screen recording app for Mac that replaces the built-in screenshot tool. It feels as if the developers looked at the screenshot features in macOS and added everything that was missing.
Over the past few years, the app has added several new features I didn’t know I needed until it offered them. It has become one of my favorite Mac utilities, and in this article, I will show you its features that will convince you to buy the app instantly.
Scrolling capture saves you from stitching screenshots together
One of the most frustrating limitations of macOS’s screenshot tool is that it can only capture what’s visible on your screen. If I need to capture a long webpage or a full chat history, I am stuck taking multiple screenshots and stitching them together. That wastes an unbelievable amount of time.
Rachit Agarwal / Digital Trends
CleanShot X solves this with its scrolling capture feature. I can trigger the scrolling capture, and CleanShot X automatically scrolls through the content and delivers a single image. I don’t even have to manually scroll the page if I don’t want to.
This feature alone saves me hours of time every month. If you have to deal with long screenshots, you should definitely try it out.
Time delay capture lets you screenshot the impossible
Some screenshots are tricky to take because they require you to trigger something before capturing. For example, sometimes the on-screen feature you want to capture disappears as soon as you use a keyboard shortcut or click anywhere with your mouse.
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Sometimes, the on-screen elements appear for a short time, and by the time you hit the screenshot shortcut, they disappear. CleanShot X’s time delay capture gives me a few seconds to set things up before the screenshot is taken. I trigger the capture, put everything in place, and CleanShot X does the rest.
Rachit Agarwal / Digital Trends
It’s a small feature that solves a genuinely annoying problem.
Capture text from images with OCR
I love that CleanShot X has a built-in OCR function. It lets me capture text directly from any image or video on my screen. Although it happens rarely, I have come across websites that don’t let me copy content. With CleanShot X’s OCR function, that’s not an issue.
Rachit Agarwal / Digital Trends
I use this constantly when reviewing PDF documents with restricted permissions or watching a video on YouTube. It is far faster than typing things out manually, and it works surprisingly well. There are many apps that let you capture text with OCR, but since CleanShot X has this feature built in, I don’t need to install an extra app.
Add beautiful backgrounds to your screenshots
If you share screenshots for work, tutorials, or social media, you know how plain a raw screenshot looks. CleanShot X lets me add beautiful backgrounds to my screenshots, turning a flat capture into something that looks polished and share-ready.
Rachit Agarwal / Digital Trends
For backgrounds, I can choose from solid colors, gradients, or even my current desktop wallpaper. I can also adjust the padding and shadow, align the screenshot to the edges, and adjust the corner radius. It takes a few seconds and makes a huge difference in how professional your screenshots look.
Annotation tools that get the job done
While macOS’s screenshot tool lets you annotate your screenshots, the annotation tools inside CleanShot X are, in my opinion, the best available on the Mac.
Rachit Agarwal / Digital Trends
I can add arrows, text labels, shapes, highlights, and more. I can also change the weight and color of annotations. There are also multiple arrow styles I can choose from. I especially like the curved arrow style that lets me curve the arrows and make them pop.
One of my favorite new additions is the “Highlighter” tool. It snaps to the text in a screenshot, which makes it really easy to highlight it before sharing.
Rachit Agarwal / Digital Trends
Then there’s the “Spotlight” tool that highlights your selection by darkening the rest of the screenshot. It’s perfect for drawing someone’s attention to a specific part of a screenshot.
Rachit Agarwal / Digital Trends
No matter what annotation tools you need, you can find them and more in CleanShot X.
Hide sensitive information before you share
You can find hundreds of instances in the news where a prominent figure shared a screenshot and inadvertently revealed private information. Thankfully, CleanShot X has a dedicated tool to blur or black out sensitive information, so such accidents never happen.
Rachit Agarwal / Digital Trends
I can choose to pixelate, blur, or completely black out the information. The best part is that I can also adjust the strength of these effects. It lets me blend in the hidden information so the blur doesn’t stand out from the rest of the screenshot.
Video and GIF recording built right in
CleanShot X also lets you record your screen as a video or export directly as an optimized GIF. The GIF export is particularly useful for sharing quick demos or showing someone how to do something without creating a large video file.
Rachit Agarwal / Digital Trends
It can record the entire screen, a specific window, or a custom region. It can also show my mouse clicks and keyboard shortcuts. I can record my computer audio, my microphone, and webcam video.
I love that it automatically adds the webcam video in the corner, so it doesn’t interfere with the rest of the recording. I can also change the video size and shape. All these features make it really easy to create video tutorials.
Quick share with cloud links
Once you take a screenshot or finish a recording, you need to share it. Of course, you can easily share screenshots via messages or emails. But CleanShot X gives me a better way.
Whenever I capture something, it opens a quick share overlay. I can use it to instantly upload my screenshots to CleanShot Cloud and grab a shareable link with a single click.
Rachit Agarwal / Digital Trends
I no longer have to drag files into cloud storage, attach images to emails, or upload to third-party services. I capture it, click share, and paste the link. It is one of those workflow improvements that sounds minor until you use it every single day.
Rachit Agarwal / Digital Trends
Capture beautiful screenshots with CleanShot X
CleanShot X has become one of my most dependable apps on Mac. In fact, all the screenshots you see in this article or any of my articles have been captured using CleanShot X. Yes, it’s a paid app, but it has paid its cost multiple times over with the time it has saved me.
CleanShot X is available as a one-time purchase or through a SetApp subscription. If you want unlimited cloud storage, you have to pay for a monthly subscription. That will also get you advanced features like a custom domain and branding, password-protected link sharing, and more.
For most users, the one-time purchase is more than enough, and it’s what I use. If you spend any time taking screenshots or recording your screen on a Mac, it is absolutely worth every penny.
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