Startups news on June 23, 2026

1. 0104:00 UTC

   Startups Secure Carve-out as Australia Scraps 50% CGT Discount

   8 outlets · first: The Rural Regulation

   Machine summary The Australian government’s tax reform removes the 50% CGT discount for most assets but has introduced a carve-out for innovative firms after startup sector pressure.

   1. The 50% capital gains tax discount for established properties is removed and replaced with indexation of the cost base and a 30% minimum tax.
   2. Negative gearing is abolished for established properties, and the changes are extended to all assets including businesses.
   3. A carve-out for innovative firms has been announced to address startup sector concerns about the impact on CGT treatment.
   4. Workers would receive a $250 yearly tax offset, and the package also offers a standard work-expense deduction of $1,000.

   Reported by The Rural, mandurahmail.com.au, gloucesteradvocate.com.au, hardenexpress.com.au, begadistrictnews.com.au, standard.net.au, irrigator.com.au and singletonargus.com.au.

2. 0202:00 UTC

   Coverage recordchannelnewsasia.com: “Blackwall Enters Vietnam: European Web Traffic Security Firm Launches Southeast Asia Expansion with 19-Year Hosting Partner HostVN”

   4 outlets · first: channelnewsasia.com

   The outlets that reported this event are listed with links to their reports; no summary of ours passed our automated checks for it, which says nothing about the event (how they work).

   Reported by channelnewsasia.com, apnews.com, aseangazette.com and manilatimes.net.

   • HostVN (HOSTVN TECHNOLOGY SOLUTIONS JOINT STOCK COMPANY)
   • Blackwall

3. 0312:35 UTC

   Backblaze announces five-year storage agreement with CoreWeave

   4 outlets · first: marketminute.com Market trends

   Machine summary Backblaze, Inc. announced a five-year multi-exabyte data storage agreement with CoreWeave, Inc., according to a company announcement. Backblaze said the agreement is valued at $335 million and that it will provide storage capacity supporting portions of CoreWeave's managed storage infrastructure.

   1. Backblaze announced a five-year multi-exabyte data storage agreement with CoreWeave, according to the announcement.
   2. Backblaze said the agreement is valued at $335 million.
   3. Backblaze said it will provide cost-efficient storage capacity supporting portions of CoreWeave's managed storage infrastructure.
   4. Backblaze said that HDD-based storage tiers within CoreWeave AI Object Storage are supported by its technology.
   5. Backblaze CEO Gleb Budman said the company is pleased to work with CoreWeave on elements of its storage environment.

   Reported by marketminute.com, businesswire.com, markets.financialcontent.com and business.thepilotnews.com.

   • CoreWeave
   • Backblaze

4. 0423:45 UTC

   AI stock slump raises question if investors are taking profits or getting nervous

   4 outlets · first: Daily Press Market trends

   Reported by Daily Press, mcall.com, Greeley Tribune and eptrail.com.

5. 0501:45 UTC

   SpaceX stock declines for third day, erasing over $600 billion in market value

   2 outlets · first: economictimes.indiatimes.com Market trends

   Machine summary SpaceX's stock declined for a third day, erasing over $600 billion in market value in that time. SpaceX fell for a third day, erasing more than $600 billion in market value over that period.

   1. On Monday, SpaceX shares dropped 16% to $154.60, extending the three-day decline to 23% and wiping out over $600 billion of market capitalization.
   2. The company's market cap now sits just above $2 trillion, making it the sixth-largest publicly traded company despite the decline.
   3. SpaceX completed a $75 billion IPO with 4.2% of shares available for trading on day one.
   4. Retail investors bought a net $405 million in SpaceX shares in the first five sessions, according to Vanda Research, driving early momentum before the selloff.
   5. SpaceX fell for a third day, erasing over $600 billion in market value in that time.

   Reported by economictimes.indiatimes.com and irishtimes.com.

   • SpaceX
   • Vanda Research

Each summary and its key facts are a machine summary of the reports linked under it; the outlets, times and counts come from those reports' own records. How a rundown is built.