Evening Scan

SpaceX skipped the roadshow formality and just told investors the price: $135 a share, $75B raised, $1.75T valuation. GitLab spent the day demonstrating the other side of the AI pivot story.

$7.4B — What DeepSeek is reportedly raising in its first-ever funding round, at a valuation between $52B and $59B, with Tencent and CATL among the backers. (Reuters)

SpaceX Fixes IPO at $135 a Share for a $1.75T Valuation

Setting a single price before the roadshow rather than a range is Elon telling the market: you need us more than we need you. (Reuters)

GitLab Is Laying Off 14% of Its Workforce in an AI Pivot (paywall)

350 people out, 22 countries exited — the "AI-focused" rebrand is doing real work here. (Wall Street Journal)

DeepSeek Set to Raise ~$7.4B From Tencent, CATL in First Funding Round

The lab that rattled Silicon Valley in January is now pulling in sovereign-scale capital. The "scrappy open-source underdog" framing has a shelf life. (Reuters)

UK CMA Rules Google Must Let Publishers Opt Out of AI Search Results

Google has nine months to implement the changes — a meaningful precedent for publisher leverage that other regulators will be watching closely. (The Verge)