Satellite internet constellation by SpaceX, expanding global coverage
Stellantis has unveiled a plan to roll out nine new models under $40,000 by 2030, aiming to revive US volume and stabilize margins. The move includes new Ram, Dodge, and Jeep entries, alongside cost-cutting measures after heavy investments in electrification and a prior $26 billion annual loss.
Ukraine’s Third Army Corps has intensified pressure on Russian positions amid reports of fatigue in Moscow’s forces. Kyiv is pursuing a gradual, calculated push along the Donetsk fortress belt while leveraging drone technology and Starlink disruptions to limit Russian advances.
Blue Origin has lost a New Glenn rocket in a catastrophic engine test at Cape Canaveral, producing a fireball that damaged the LC‑36A pad and generated seismic waves. Jeff Bezos and CEO Dave Limp have said key propellant tanks and some hardware survived and the company has begun a pad rebuild, while NASA is offering technical support for Artemis-related schedules.
SpaceX has floated on Nasdaq under the ticker SPCX, raising about $75 billion at $135 a share and debuting with a market value above $2 trillion. The newly public group combines SpaceX's rocket and Starlink businesses with xAI and X. Investors have driven strong demand despite losses and questions about unproven projects such as orbital data centres and Mars plans.
Airlines face higher fuel bills as Middle East tensions push jet fuel prices up. IATA forecasts profits will halve in 2026 while fares rise to cover costs; some carriers warn of tougher times ahead as demand stays resilient.
SpaceX has completed the largest IPO in history, raising $75 billion and listing on Nasdaq under ticker SPCX. Shares opened at $150, climbed as high as $176 and closed the first day around $160–166 in extended trading, briefly valuing the company above $2.1 trillion and making Elon Musk the world's first likely trillionaire.
SpaceX has priced the largest IPO in history at $135 per share, raising about $75 billion and valuing the company around $1.75 trillion. The debut has sparked a debate on whether the stock can sustain momentum, while Musk’s broader empire—SpaceX, Starlink, xAI—gains attention as investors weigh the long-term profitability and strategic moves.
SpaceX has gone public in the largest IPO in history, pushing Elon Musk toward trillionaire status as the company outlines ambitious plans—from data centers in space to lunar bases—while investors weigh the feasibility and risks amid a sprawling empire.
The Legally Blonde prequel Elle has premiered on Prime Video, following Elle Woods as a high-school junior in 1995 Seattle. The eight-episode series relocates her from Bel Air to a grungier setting, trying to recapture the original film’s camp energy. Reviews are mixed on tone, visuals and character depth as audiences watch Elle navigate social politics, friendships and first loves while adapting to a new city.
SpaceX has announced a senior unsecured notes offering to raise about $20 billion to refinance a bridge loan and fund expanding AI infrastructure, including Starship and Starlink. The move follows a record IPO and large cash reserves, but faces scrutiny over negative free cash flow and high capital needs.
The latest reporting indicates Iran may have meshed networking capabilities, coordinating multiple drones to overwhelm defenses after an April F-15E was downed. The pilot’s testimony, later debriefed by intelligence officials, describes a jellyfish-like drone formation. Rescue missions followed, with US forces recovering the airman and the weapons systems officer.
Rocket Lab has announced plans to acquire Iridium in an $8 billion deal, aiming to merge launch, manufacturing and a global satellite network to broaden its space-services footprint. The transaction values Iridium at $54 per share and signals ongoing consolidation in the satellite industry as SpaceX broadens its own services.
Investors from Moloco, Google, Meta and Unity have taken minority stakes in AppsFlyer, as AI reshapes attribution and measurement in advertising. AppsFlyer plans to use the funds to accelerate omnichannel measurement and prepare for a potential public listing.
SoftBank founder Masayoshi Son has argued data centers in space offer little cost benefit and that the AI race will be decided by Earth-based compute. He cites power costs, transport, and delays as barriers to orbital data centers, while emphasising the ongoing importance of on-Earth infrastructure.
CSIS estimates show Russia has suffered about 450,000 killed and Ukraine 125,000–150,000 deaths since 2022. Total casualties exceed 2 million for both sides, with Kyiv and Moscow trading heavy blows as drone and missile strikes continue. The data highlights a grim, grinding war with high losses and strategic strain.