Episode 4: Keyrock's $1.1B Unicorn, OpenUp's €20M, Elia's €2B RCF & SpaceX's $2T IPO episode artwork

EPISODE · Apr 8, 2026 · 37 MIN

Episode 4: Keyrock's $1.1B Unicorn, OpenUp's €20M, Elia's €2B RCF & SpaceX's $2T IPO

from The Finance Show · host The Finance Show

Welcome to the fourth episode of The Finance Show, your briefing on Belgian and global corporate finance.In this episode:Belgian deals:Keyrock closes a Series C led by Standard Chartered at a $1.1 billion valuation, becoming Belgium's ninth unicorn. We cover the business model, the funding history, and what makes this raise remarkable in a difficult crypto market.Smartfin leads a €20M Series B into OpenUp, a Dutch employee mental health platform. We break down the investment signals and the valuation approach.Elia signs a €2 billion sustainability-linked revolving credit facility. A dive into RCF pricing and syndication.Global finance:SpaceX files confidentially for what could be the largest IPO in history at a $2 trillion valuation. We cover the IPO process, the dual-class share structure, and how you would value a company that is part rocket business, part satellite internet, part AI.New episodes every two weeks.(00:00) Introduction(03:14) Keyrock, Belgium's Eighth Unicorn(13:14) OpenUp, €20M Series B(21:55) Elia, €2 Billion RCF(28:57) SpaceX IPO(35:54) ConclusionGet free access to the Tracker: ⁠Tracker⁠Check out our website: ⁠⁠The Finance Show Website⁠⁠

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Episode 4: Keyrock's $1.1B Unicorn, OpenUp's €20M, Elia's €2B RCF & SpaceX's $2T IPO

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