NEWARK, N.J.--(BUSINESS WIRE)--Jun 12, 2026--
HarbourView Equity Partners (HarbourView), a multi-strategy investment firm focused on investment opportunities in the sports, media and entertainment space, announced today a new strategic partnership with the legendary, GRAMMY Award-winning singer-songwriter Chaka Khan, set to debut in 2026 focused on catalog development, global licensing, and the development of new creative ventures.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260611522896/en/
The partnership comes at a defining moment in Khan’s career, as she builds momentum in a bold new creative era following the release of her single “Chakzilla,” and the successful completion of the Queens! 4 Legends, 1 Stage tour, recognized by Billboard as one of the highest-grossing R&B tours of the year.
“Chaka Khan is a remarkable talent – an artist whose voice, spirit, and presence have moved effortlessly across generations while never losing their power or soul,” said Sherrese Clarke, Founder and CEO of HarbourView. “She is not only an iconic vocalist, but a mother, grandmother, and great-grandmother whose energy, authenticity, and sense of self continue to inspire. As both a musical force and a fashion icon, Chaka embodies a rare blend of strength, style, and spirit. We are honored to work alongside her as she continues to evolve her legacy in ways that feel as vibrant and resonant as ever.”
"Music is the most powerful and generous thing I know, you give it away and somehow it always comes back bigger. Seeing these songs still finding new ears and new hearts fills me up with joy," said GRAMMY Award-Winning Singer-Songwriter Chaka Khan. "This beautiful group at HarbourView gets what my music means, not just as a business, but as a body of love. That matters to me deeply."
Chaka Khan is an 11-time GRAMMY Award-winner whose voice has helped shape the sound of modern music for more than five decades. With 22 albums and a catalog of anthems that have continued to be a significant part of popular culture. Classics include, "I'm Every Woman," "Ain't Nobody," "Sweet Thing," "Through the Fire," "Tell Me Something Good," "Like Sugar," and "I Feel for You," the groundbreaking crossover hit that made history as the first R&B track to feature a rap artist, Grandmaster Melle Mel.
Chaka was inducted into the Rock & Roll Hall of Fame in 2023, received the GRAMMY Lifetime Achievement Award (2026), and the BET Lifetime Achievement Award in (2006). She ranked #17 on VH1's "100 Greatest Women of Rock & Roll" and is recognized as a creative force recording across more than 10 genres.
This partnership marks another significant milestone in HarbourView’s expansion of its entertainment portfolio, underscoring the company’s ongoing commitment to investing in culturally resonant content from artists and creators.
The company’s coordinated value creation efforts have seen successes, such as Daniel Caesar’s “Blessed” featured in Netflix’s hit series Forever, the commercial license of Fleetwood Mac’s “The Chain” which was spotlighted in the official F1 movie trailer, and Bad Bunny’s hit “EoO” – which samples Hector y Tito’s “Perreo Baby” from HarbourView’s catalog, which became a centerpiece of his viral Calvin Klein campaign and performance at the 2025 iHeart Radio Music Awards.
In addition to its extensive catalog, HarbourView has amassed approximately $3.88 billion* in regulatory assets under management and 70+ music catalogs to date – including iconic names such as Kelly Clarkson, T-Pain, Rodney “Darkchild” Jerkins, James Fauntleroy, George Benson, Luis Fonsi, Fleetwood Mac’s Christine McVie, Pat Benatar, Neil Giraldo, Nelly, Wiz Khalifa, Kane Brown and more.**
Manatt, Phelps & Phillips, LLP served as legal counsel to HarbourView in this transaction. Khan was represented by the Law Office of Ron E. Dolecki, P.C. Terms of the transaction were not disclosed.
About HarbourView Equity Partners
HarbourView Equity Partners is an investment firm focused on opportunities to support content across the entertainment, sports, and media markets. The firm seeks businesses or assets powered by IP and investment opportunities that aim to build enduring asset value and returns. HarbourView has been extremely active since launching in 2021, amassing roughly $3.88 billion* in regulatory assets under management including over 70+ music catalogs to date and investments in various portfolio companies with management teams in its core industries. The firm's distinctly diverse music portfolio features thousands of titles spanning numerous genres, eras, and artists, amounting to a diversified catalog of ~41,000+ songs across both master recordings and publishing income streams. The company is headquartered in Newark, NJ.
*Past Performance Disclaimer: Regulatory AUM for private funds are calculated regardless of the nature of the gross assets under management as of 12/31/2025. This includes any uncalled committed capital pursuant to an obligation to make a capital contribution to the fund. Title count may include multiple versions of the same song, such as covers, remixes, remasters and/or minor differences in naming conventions.
**Catalog assets included in this release do not represent the full HarbourView portfolio.
L-R: Sherrese Clarke (Photo by HarbourView Equity Partners), Chaka Khan (Photo by Nick Nelson)
NEW YORK (AP) — SpaceX jumped 11% as the rocket maker’s stock opened for trading. That price gives the company a market value of $1.96 trillion and is enough to make CEO Elon Musk the first-ever trillionaire. Institutional and retail investors jumped at the opportunity to buy 555.6 million shares of SpaceX at the offering price of $135 apiece, making it the biggest IPO in history with proceeds of $75 billion. Musk says the company is going public because it needs money to fund its ambitions of putting satellites and data centers in space and eventually establishing a colony of people on Mars.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — Elon Musk may never colonize Mars as promised, but enough investors consider the SpaceX founder to be a sort of miracle man that they'll help him reach another fantastic goal Friday when he takes the rocket company public.
The world's richest man is set to become its first trillionaire.
Musk on Friday marked the opening of trading on Nasdaq, where the company's shares will be listed, by joining a ceremonial bell ringing from Starbase, the South Texas home of SpaceX.
He reiterated his lofty goals “to make life multi-planetary.”
“Not just a few astronauts, I mean literally you,” Musk said. “Whoever you are watching this, SpaceX wants to be able to take you to the moon, take you to Mars and ultimately beyond.”
Known for his brilliant technology breakthroughs, as well as wild claims and missed deadlines, Musk is expected to break that trillion dollar mark in the biggest initial public offering ever as investors place bets on a company with losses as big as its ambitions. Ahead of the first trade in SpaceX, Forbes puts Musk's net worth at $982.6 billion.
In addition to establishing a one-million person Martian colony, the company has promised to save humanity by establishing other outposts in space, launch data centers the size of football fields into orbit and outdo rivals Anthropic and OpenAI in the race to make money from artificial intelligence.
To reach its goals, SpaceX needs billions more than it currently takes in from its rocket and satellite business. Between the start of 2025 and March 31, 2026, the company lost $8.7 billion.
Big institutional buyers and smaller-pocketed investors alike have indicated they are willing to take a chance, paying a high enough price for the 555.6 millions on offer to raise $75 billion. That easily tops the current title holder, Saudi Aramco, the oil giant that raised $26 billion in its 2019 initial offering.
Trading in the stock -- symbol, SPCX -- is expected later Friday.
Wall Street bankers that helped take SpaceX public are enthusiastic about the company — and the big fees they will earn — but not everyone thinks the stock price is justified.
Analysts at research firm Morningstar, which doesn't earn any investment banking fees, wrote that the IPO is “significantly overvalued" because of SpaceX's unproven technology and massive capital needs.
They estimate the company is only worth $780 billion — less than half its IPO value.
Still, Musk has pulled off the seemingly impossible before.
The soon-to-be trillionaire — on paper at least — made his fortune by creating two companies, Zip2 and PayPal, that netted him about $200 million at sale. He used that money to start SpaceX and invest in Tesla, and defied the odds by creating a space company that figured out how to reuse rockets and a car company that made electric vehicles cool.
Musk has realized vast sums of wealth for himself, much of it in stock he has yet to cash in or grants for shares he’ll only receive if Tesla or SpaceX hit ambitious performance targets. His recent pay package from Tesla drew criticism from the Vatican. At Tesla, he’s worried shareholders by fighting with regulators or dividing his attention between multiple companies and last year by taking a role in the Trump administration.
But a rising stock price has cured all ills: Since it went public in 2010, Tesla has returned 20,000% for shareholders, or more than $1.2 trillion in investor wealth. That has helped lift Musk’s pre-SpaceX IPO worth to $795 billion, according to Forbes magazine.
SpaceX is the first of three “megacap” companies expected to go public this year, with Anthropic and OpenAI to follow. Nasdaq even revised its rules to allow SpaceX to gain entry into funds tied to its indexes in 15 days, which means investors will end up buying the rocket maker's shares much earlier.
Not all investors are thrilled about SpaceX potentially showing up in their holdings of index funds. Officials from pension funds for firefighters, teachers and other workers in California and New York sent a letter to SpaceX last month decrying some of the provisions in its IPO, including the “super voting shares,” mandatory arbitration of shareholder claims instead of the possibility of lawsuits and how much power Musk will hold over the company.
__
AP reporters Stan Choe and Wyatte Grantham-Philips contributed from New York.
A large inflatable figure depicting Elon Musk stands in Times Square in New York on Thursday, June 11, 2026. (AP Photo/Seth Wenig)
Gwynne Shotwell, President and COO of SpaceX speaks during a bell ringing ceremony for the IPO of SpaceX at the Nasdaq MarketSite in New York, Friday, June 12, 2026, in New York. (AP Photo/Frank Franklin II)
Gwynne Shotwell, President and COO of SpaceX celebrates with colleagues during a bell ringing ceremony for the IPO of SpaceX at the Nasdaq MarketSite in New York, Friday, June 12, 2026, in New York. (AP Photo/Frank Franklin II)
FILE - Elon Musk departs after a welcome ceremony with President Donald Trump and China's President Xi Jinping at the Great Hall of the People, Thursday, May 14, 2026, in Beijing. (AP Photo/Mark Schiefelbein, File)
