SpaceX

Sixty Degree Capital Portfolio Delivers Record SpaceX, Biotech IPOs in 2026

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Sixty Degree Capital Portfolio Delivers Record SpaceX, Biotech IPOs in 2026

Toronto – September 28, 2026 -- Sixty Degree Capital (SDC) saw five portfolio companies complete initial public offerings in 2026, including the largest IPO in history and the largest biotech IPO on record. SpaceX, Parabilis Medicines, Cerebras, HawkEye 360 and Lime each began trading on U.S. exchanges between May and July, while GrubMarket has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission.

SpaceX offering reaches approximately US$75 billion, the largest IPO ever recorded

SpaceX's public listing totaled roughly US$75 billion, according to the Toronto-based venture capital firm, marking the largest IPO in history. The offering anchors a wave of 2026 public-market exits across SDC's technology and healthcare portfolio.

TAITRA Brings 56 Taiwanese Manufacturers to IMTS 2026 in Chicago

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TAITRA Brings 56 Taiwanese Manufacturers to IMTS 2026 in Chicago

Chicago – September 14, 2026 -- The Taiwan External Trade Development Council (TAITRA) is deploying 56 Taiwanese manufacturers to IMTS 2026, opening September 14 at McCormick Place under the Taiwan Flagship Showcase banner.

Taiwan concentrates 56 manufacturers at a single North Building booth

The showcase occupies Booth #236834 in the North Building, giving international buyers direct access to engineers and executives from Taiwan's machine tool and precision component sector for the duration of the show.

Defense VC Backswing Ventures Rejects Unicorn-Dependent Fund Model

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Defense VC Backswing Ventures Rejects Unicorn-Dependent Fund Model

Orlando, Fla. – September 12, 2026 -- Backswing Ventures, an early-stage defense venture capital firm, is underwriting every investment in its portfolio for an independent 3-5x return rather than betting the fund on a single breakout winner.

Carta data shows unicorn payouts are stalling, not disappearing

Among 2017 and 2018 vintage venture funds old enough to have realized outcomes, fewer than 20% have returned even 1x DPI to limited partners, according to Carta's Q1 2026 fund-performance data. Backswing argues paper valuations do not pay LPs back; distributions do.

SpaceX illustrates the timeline problem at scale. Founded in 2002, the company did not deliver a liquid outcome to shareholders until its initial public offering closed in June 2026 -- 24 years later.