← All Episodes
Episode 4

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

April 8, 2026 · 37:27

About this Episode

Welcome to the fourth episode of The Finance Show, your biweekly briefing on Belgian and global corporate finance.

Belgian Deals

  • Keyrock closes a Series C led by Standard Chartered at a $1.1 billion valuation, becoming Belgium's eighth unicorn. We cover the business model, the funding history, and what makes this raise remarkable in a down crypto market.
  • Smartfin leads a €20M Series B into OpenUp, a Dutch employee mental health platform. We break down the investment signals, the valuation approach, and the buy-and-build strategy in a fragmented European market.
  • Elia signs a €2 billion sustainability-linked revolving credit facility. A deep dive into RCF pricing, syndication, and the difference between sustainability-linked and green loans.

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.

More Episodes