Axios

Planet Earth has roughly 180 currencies. But for a vast share of global transactions, people want to use just one: the United States dollar.

Why it matters: This is a unique source of global power and responsibility. America's role in the world in the decades to come will be determined by its ability to maintain, and wisely steward, this role at the center of the global economy.

SpaceX and lead IPO banker Goldman Sachs began meeting with prospective IPO investors back in January, Axios has learned.

Why it matters: This preemptive playbook is likely to be replicated for Anthropic and OpenAI — both of which plan to go public later this year -- given how smoothly SpaceX stock launched on Friday.

A decade of shocks has left much of the developing world weakened just as AI begins reshaping the global economy, World Bank economists conclude in a new report.

Why it matters: A series of shocks — the COVID-19 pandemic, the Ukraine war and now the Iran war — have buffeted the world's poorest countries particularly hard. These countries risk being poorly positioned to benefit from an AI-driven productivity and spending super-cycle.

• The globe's poorest countries will enter this period burdened by debt, weak investment and years of stalled development, with little capacity to build the infrastructure and skills needed to share in those gains.

The economic mood across American households improved for the first time in five months as lower gasoline prices offered some relief.

Why it matters: Fuel prices remain one of the fastest ways geopolitical shocks reach American households, making energy costs a key driver of the Trump administration's economic standing.

Flutter Entertainment, the NYSE-listed parent company of FanDuel and Betfair, has disclosed plans to delist shares from the London Stock Exchange.

Why it matters: London keeps losing listings to New York, either at IPO or after, with companies citing everything from market liquidity to costs to executive compensation rules.

SpaceX shares are set to start trading Friday, and what to expect is anyone's guess: There's no such thing as a typical Day 1 for an initial public offering.

Why it matters: This one will be the biggest IPO of all time, raising $75 billion and minting thousands of new millionaire SpaceX employees — and potentially the world's first trillionaire in Elon Musk.

SpaceX's debut Friday is one of the biggest waves yet in a deluge of new stock that's starting to hit the market.

Why it matters: A jump in stock issuance could tilt supply-demand dynamics that have quietly supported the market for much of the past two decades.

SpaceX on Thursday raised $75 billion in its IPO, valuing Elon Musk's company at around $1.77 trillion.

Why it matters: This is the largest U.S. IPO ever, at least until Anthropic and OpenAI go public later this year, and makes SpaceX one of the world's most valuable companies.

Culver City's iconic neon sign is getting a second life as part of Culver Commons, a new food-forward destination on the former Culver Public Market site.

What you need to know: The new ground-up retail development is being built through a public-private partnership between Regency Centers and Culver City.

Disney and Pixar's "Toy Story" franchise has driven $16 billion in total revenue for the company over the past 30 years, according to excerpts from an economic study commissioned by the company and provided to Axios.

Why it matters: It speaks to the power of multi-generational franchises in supporting Disney's business model.