Good morning. It's Sunday, May 17th, 2026. Time for the morning briefing.

**Story one: SpaceX files for a blockbuster IPO** — targeting a $1.75 trillion valuation and up to $75 billion raised in what would be the biggest U.S. stock market debut in history. CNBC reports the prospectus could drop as soon as next week. The company was valued at $1.25 trillion in February after the xAI merger, so this represents a massive step up. Rule changes from the SEC could take effect June 8th, and Fortune says investors are rallying behind the thesis that SpaceX has the "deepest moat that exists today" — Starlink revenue, Falcon launch cadence, Starship as a moonshot that could redefine space access. Elon Musk has reportedly proposed moonshot-level plans that go beyond the original Mars mission — details are still emerging. If the IPO lands in June, it would eclipse the Meta and Alibaba debuts by a wide margin and put a hard public-market price tag on the most valuable private company in history.

**Story two: Figure AI's humanoid robot "Jim" just sorted over 101,000 packages in 81 hours — completely autonomously, no human intervention, livestreamed on YouTube.** What started as an eight-hour proof-of-concept kept going because the robots weren't failing. Figure's F.03 humanoids are running the Helix 02 policy stack — no teleoperation, no puppeteering. At an average of roughly 1,250 packages per hour, these things are working a real warehouse shift. Startup Fortune called it "raising the bar for humanoid proof." And this is important: previous humanoid demos were choreographed, short-duration, or required remote overrides. Running an 81-hour autonomous stint with zero failures crosses a threshold from "impressive demo" to "this could actually do the job." The cost equation for logistics is about to get a lot more interesting.

**Story three: Asimov v1 is an open-source humanoid robot you and I could actually build.** Covered by Hackaday on Saturday, the project takes a deliberately accessible approach — no positronic brain, but you get the freedom to code the Three Laws yourself. It signals that the humanoid robotics space is bifurcating: on one side, well-funded startups like Figure and Boston Dynamics are racing toward commercial deployments in warehouses and factories. On the other, the open-source community is building for hobbyists, researchers, and tinkerers. You don't need Honda or Tesla pockets anymore — just time, a 3D printer, and patience. This democratization trend mirrors what we saw in the drone and 3D printing revolutions, and it matters because the more people who can experiment with humanoid hardware, the faster the whole field moves.

That's all for today. Sunday's your day off — enjoy it.