Evening Scan

SpaceX began trading on Nasdaq today under SPCX after raising $75 billion — the largest IPO in history. Oracle still hasn't patched the PeopleSoft flaw ShinyHunters used to breach 100+ organizations, a reminder that legacy enterprise software remains a critical vulnerability.

$2.2B — The slice of SpaceX's IPO that went to Japanese retail investors alone. (The Next Web)

SpaceX's $75B IPO Is the Biggest Ever — Here's How It Compares (paywall)

Saudi Aramco held the record for six years; SpaceX erased it on day one of trading. (NYT)

Oracle Warns of Critical PeopleSoft Flaw After 100+ Organizations Were Breached

ShinyHunters claimed the breaches; Oracle confirmed the vulnerability — and still hasn't shipped a patch. (TechCrunch)

Kioxia Replaces Toyota as Japan's Most Valuable Company (paywall)

A memory chipmaker dethroning an automaker as the nation's most valuable company tracks the shift in capital allocation toward semiconductors. (Bloomberg)

More Than 500 Ships Remain Stranded in the Persian Gulf (paywall)

With oil reserves draining and no peace deal in sight, the Hormuz blockage is becoming a supply chain story as much as a geopolitical one. (NYT)