Satellite internet constellation by SpaceX
SpaceX’s stock has fallen below its $135 initial-public-offering price, erasing a portion of post-IPO gains. Investors weigh near-term catalysts, including earnings and unlocking shares, against long-term growth bets in AI, Starlink, and ascent in space activities. Analysts remain split on valuation compared with fundamentals.
President Volodymyr Zelenskyy has carried out a surprise cabinet reshuffle that has removed defence minister Mykhailo Fedorov, nominated Serhii Koretskyi as prime minister and named SBU head Yevhenii Khmara as acting defence minister. The moves have provoked mass protests in Kyiv and other cities, prompted at least one senior military resignation and raised questions about unity in Kyiv’s war effort.
Ukraine has replaced its commander-in-chief and appointed Mykhailo Drapatyi as the new head of the armed forces amid political upheaval and protests over the removal of Defence Minister Mykhailo Fedorov. Zelenskyy says unity requires change, while protests demand Fedorov’s return; Drapatyi pledges intensified offensive planning and modernization.
President Volodymyr Zelenskyy has appointed Maj. Gen. Mykhailo Drapatyi as Ukraine’s commander-in-chief after mass protests over the dismissal of reform-minded ex-defence minister Mykhailo Fedorov. Drapatyi, 43, is being welcomed as a moderniser; Fedorov has refused offered alternatives and his supporters are continuing street demonstrations while Russia keeps striking Ukrainian cities.
Emirates has unveiled the U-Dream, an adjustable headrest designed to support the neck and head, rolling out across economy on A350s and expanding to A380s and 777s by 2027. The feature aims to improve comfort on long-haul flights, with pilots and crew highlighting reduced neck strain and the elimination of traditional neck pillows.
FIDE president Arkady Dvorkovich has suspended his duties after being placed on the EU sanctions list for supporting the annexation of Crimea. Viswanathan Anand will take interim charge as Russia-backed influence faces sanctions containment in chess’ governing body.
SpaceX’s Starship 13th flight has deployed Starlink satellites and tested heat-shield upgrades. The test landed in the Indian Ocean with an intact booster and a taller test profile. Analysts discuss remaining heat-shield challenges for rapid reuse and cost reduction, with NASA eyeing Artemis and lunar missions.
Tesla is accelerating its AI and robotics agenda while its robotaxi rollout remains limited and costly. Quarterly data show robotaxi miles dwindling, even as Musk pushes Optimus and other AI initiatives. Analysts warn that regulatory hurdles and high CapEx complicate the path to scale.
A SpaceX Falcon 9 upper stage has struck the Moon near Einstein Crater at about 5,400 mph, carving a new crater and launching a dust plume. South Korea’s Danuri orbiter has photographed the site and released images. NASA’s Lunar Reconnaissance Orbiter is scheduled to image the impact next week while scientists begin analysing ejecta and crater formation.
Amazon has filed with the FCC to launch a Direct-to-Device satellite network intended to provide global mobile connectivity, competing with SpaceX's Starlink. The plan leverages Globalstar’s spectrum and envisions service for unserved regions and emergency operations, with initial service slated for later this year and full deployment by 2028. Several partnerships and regulatory waivers accompany the filing.
Ukraine’s Volodymyr Zelensky and Israel’s Benjamin Netanyahu are in Washington for the funeral of Senator Lindsey Graham. They are seeking stronger defense cooperation with the United States as Kyiv presses for Patriot missile licences and co-production talks, while Iran’s role in the Middle East remains a focal point after a tense U.S.-Israel dynamic.
The Senate has advanced the Lindsey Graham sanctions bill, with bipartisan support and a high-profile backdrop including Zelenskyy’s Washington visit. The package targets Russia’s energy sector and its so-called “shadow fleet,” while expanding sanctions to Iran. House passage remains uncertain as August recess looms.
Industry leaders warn that AI infrastructure investments have sparked a ferocious race among hyperscalers. Earnings calls show wide investor scepticism about when returns will materialise, even as compute demand remains strong.
WestJet flight attendants have walked off the job over pay for duties performed while the plane is on the ground. CUPE 8125 says some ground work remains unpaid, while WestJet argues credit-hour compensation covers pre- and post-flight duties. A 72-hour strike notice has expired and negotiations continue, threatening further disruption for travellers over the long weekend.
Ukrainian drone operators are increasingly using AI-assisted autonomy to track targets when signal links fail, while broader drone programs expand with Western tech. Operators emphasize safety for human crews as robots take on more tasks.
SpaceX shares have fallen about 50% from their June peak as insiders gain new selling rights, ahead of several lockup expirations. Analysts expect a Q2 loss around $1.9 billion as the Starship program, Starlink revenue, and a possible Musk-Tesla tie‑up remain in focus.
Four US-based rights organisations have filed a federal lawsuit in New York challenging last year’s executive order that authorised US sanctions on International Criminal Court judges, prosecutors and groups that cooperate with the court. The complaint has argued the measures have forced them to curtail work, violated constitutional rights and unlawfully interfered with international justice.
SpaceX has posted a 7.8 billion revenue for Q2, but a net loss of hundreds of millions as it continues heavy investment in AI, Starship, and Starlink. The company faces pressure from a looming post-IPO lock-up expiry and ongoing investor scrutiny of its high cash burn and ambitious plans.
SpaceX has released its first quarterly earnings since going public. Revenue has grown, but AI-related capex has surged, raising questions about sustainability as the stock price remains volatile. Investors warn that rapid spending could outpace revenue growth, while Starlink and data centres continue to drive cash flow.
SpaceX has reported quarterly results with strong revenue but ongoing losses, highlighting a heavy $18bn capex focus on AI infrastructure. Investors are watching for returns as Starlink remains the profit engine while the AI division remains loss-making and the public market faces a volatile response as lock-up expirations loom.
SpaceX plans to build a terrestrial cellular layer using EchoStar spectrum alongside its Starlink satellite network, aiming to challenge AT&T, Verizon and T-Mobile. The move follows a wave of satellites and small base stations, promising better coverage and higher bandwidth.
Taiwan’s Han Kuang exercises are extending to 10 days, testing 24-hour defense operations, urban resilience, and new US-inspired tactics. Civilians are mobilized, internet slowdowns simulate disruption, and reservists are being expanded to strengthen civil defense amid heightened tensions with China.
A Liberian government standoff over a cargo ship has intensified as authorities examine claims of a vessel in distress, while political upheaval and a broader cocaine scandal shadow the investigation. The IB Atlantic IV’s status and potential cargo remain unclear as officials exchange questions over jurisdiction and response.
Ukraine has reported intensified Russian missile and drone attacks across Kyiv and other cities. Zelensky has urged partners to accelerate air-defence deliveries, citing casualties and the mounting strain on Ukraine’s defensive network. NATO and US officials warn the war could intensify this winter.
Ukraine has limited Patriot defenses to counter ballistic missiles from Russia, leaving cities exposed as Iskander-M, Kinzhal and Zircon threats press the timetable for interceptors. Kyiv says more batteries are needed to shield urban centers amid ongoing battles and supply constraints.
Tech giants push for multiple winners in AI infrastructure. SpaceX will exclusively use Nvidia GPUs; AMD touts open-source ROCm as a faster path to AI software, while investors weigh diversification against strong growth in AI compute. Nvidia remains a central player, with Nvidia-powered SpaceX contracts and AMD’s open strategy shaping near-term dynamics.
SpaceX has entered a new phase of lockup expirations, widening the pool of shares eligible for trading. Investors face more potential selling as early insiders convert paper gains into real profits, while stock volatility persists amid ongoing AI and capital expenditure plans.
A series of high-altitude eclipse observations are under way across Europe, North America and beyond. NASA-backed aircraft chase the moon’s shadow to extend totality, while airlines offer special flights and Iberia livestreams the event from Spain.
This week long-range Ukrainian drones and Russian missiles have struck cities deep inside Russia and across Ukraine. Attacks on Nizhnekamsk have killed and wounded dozens; Russia says it intercepted hundreds of Ukrainian drones. Kyiv and Moscow have exchanged heavy strikes that have damaged energy and civilian infrastructure and caused multiple civilian deaths and injuries.
Ukraine has expanded its use of long-range drones and ground robots to strike deep into Russia and support frontline operations. Drones pilot from distant centers, while ground robots carry supplies, evacuate wounded, and coordinate with aerial attacks. The shift signals a technological turn in warfare and raises questions about escalation and civilian risk.
Russia's Supreme Court has revoked the registration of Yabloko's federal list for September's State Duma elections after upholding a suit by the nationalist Rodina party that accused it of receiving foreign funding, copyright violations and promoting extremism. Supporters gathered outside the court and dozens were detained; party leaders have vowed legal appeals.
Tech giants and startups envisage a future where data centers orbit Earth. Insurers question pricing and risk; space debris and regulatory hurdles loom as hundreds of billions of dollars in hardware move into space.
Ukraine has targeted long-range facilities in Russia, including the Progress Center in Samara and an air base in Savasleika, using domestically produced Flamingo missiles. Kyiv says the strikes aim to reduce Russia’s war capacity and bring the conflict closer to Moscow, with reports of fires and damage at multiple sites.
Romania’s defense ministry says a maritime drone near the Neptun Deep gas project has been destroyed after two F-16s engaged it. The incident follows prior drone activity in the Black Sea and Russia-linked tensions surrounding Romania’s critical EU gas infrastructure.
Ukraine has intensified strikes inside Russia, hitting Wildberries warehouses and other military-linked sites. Moscow reports drone activity and airspace disruptions as Kyiv targets logistics to undermine Moscow’s war effort.
SpaceX has pledged $100 billion to build a 125,000‑acre Starbase in Vermilion Parish, Louisiana, that it says will support thousands of Starship launches a year, add about 3,000 direct jobs and include propellant production, power generation and deep‑water shipping. Construction is scheduled to start in 2027; SpaceX targets initial launches by 2029 while state officials give a 2030 timeline.
Missile and drone attacks hit Kyiv and surrounding regions, leaving multiple fatalities and injuries. Authorities report damage to residential areas, a medical facility, and a school; NATO and neighboring states warn of heightened tensions as Russia's campaign and Ukraine's response continue.
The latest wave of Russian strikes targets Kyiv and other Ukrainian infrastructure, intensifying an already brutal conflict. Officials report civilian casualties, power outages, and disrupted daily life as both sides escalate long-range attacks and Ukraine warns of winter-scale challenges ahead.
Kyle Kirkwood has won the Freedom 250 Grand Prix in downtown Washington, D.C., finishing 3.09 seconds ahead of Christian Lundgaard after leading 128 of 147 laps. President Donald Trump has waved the green flag and taken a ceremonial lap; the race routed 25 drivers past the National Mall as part of the nation’s 250th birthday celebrations.
Ukraine’s sacked Defence Minister has urged Zelenskyy to schedule presidential elections amid ongoing war. He says democracy must not be Russia’s hostage, while allies debate safe conditions for votes. Polls show strong trust in various leaders, complicating the scene.
Ukraine has pressed SpaceX’s Starlink to operate beyond its borders, arguing wider access could sustain long-range drone operations. SpaceX has restricted use inside Russia, while Zelenskyy says expansion would be a significant escalation. The presidency is coordinating with Washington on how Musk’s policy could shift Ukraine’s military capabilities.
SpaceX has announced a $100 billion plan to develop a 125,000-acre Starbase Louisiana on Pecan Island, expanding beyond Texas and Florida. The site will host methane production, power generation, deep-water shipping, vehicle processing, and potentially an on-site airport. Construction starts next year, with the first launch expected in 2029, creating more than 3,000 jobs.
Ukraine faces a tough winter as Russian strikes target energy infrastructure. Officials warn of power and heating shortages while Kyiv seeks to sustain essential services amid a barrage of drone and missile attacks. Ports, grain plans and drone activity shape the broader conflict landscape.
A wave of studies and social posts highlight growing passenger etiquette concerns and renewed attention to airline cleaning practices, with surveys showing mixed opinions on behavior and ongoing discussions about seat cleanliness and post-flight sanitization.
French president Emmanuel Macron has opened a two-day International Space Summit in Paris that has gathered officials, astronauts, researchers and industry leaders from about 120 countries to press Europe to build sovereign space capabilities, debate regulation and seek commercial deals. U.S. companies SpaceX and Blue Origin are absent after White House concerns over the event’s framing.
Ukraine has launched a defense-tech initiative backed by Palantir’s Alex Karp, aiming to translate battlefield lessons into civilian and allied defense applications. Fedorov, the former defense minister, says the venture will prioritize Ukraine and expand into AI-enabled missiles, drones and robotics; details are forthcoming as partnerships develop.
Isar Aerospace has reached orbit on its second Spectrum flight and has deployed small satellites, making it the first purely commercial European launcher to do so. The success has prompted company plans to scale production and expand launch capacity as European governments and private firms ramp up investment in sovereign space capability.
Europe’s private space sector is scaling up amid a surge in funding and launches. Amazon’s Leo order and new European entrants highlight momentum, but political divisions and the push for sovereign capability complicate the path to a robust, independent European launch capability.
Europe is pushing to build sovereign space capabilities and reduce reliance on the United States for launches, satellites and defense-related space infrastructure. The International Space Summit in Paris has spotlighted EU ambitions, private sector growth, and tensions with U.S. and Chinese players.
Ryanair’s Michael O’Leary has defended previously controversial remarks that compared rival airlines to rapists, saying he has not trivialised rape and will not apologise. The comments have drawn condemnation from victims’ groups and politicians in Ireland and the UK, ahead of Ryanair’s AGM.