Satellite internet constellation operated by SpaceX
SpaceX has completed the largest IPO in history, selling 555.6m shares at $135 and raising $75bn. Shares opened at $150 and have traded as high as $176, pushing the company nd Elon Musk bove a $1.9tn market value in intraday trading on 12 June 2026. The float is tiny (about 4%), and strong demand has driven volatile early trading.
Iran has imposed a near-total internet blackout amid ongoing U.S. and Israeli airstrikes, severely restricting communication and access to information inside the country. Outside voices, especially Iranian diaspora and social media creators, are filling the information gap, but their perspectives are limited by the blackout and government disinformation.
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.
NASA has announced the Artemis III crew and aims to dock with Blue Origin and SpaceX landers in 2027. Officials say readiness questions persist for the landers as testing continues and the SLS program progresses toward a wet dress rehearsal and stacking in July.
SpaceX has priced 555.6 million shares at $135 each, raising about $75 billion and valuing the company near $1.77–1.8 trillion. The shares will begin trading on the Nasdaq under ticker SPCX, a listing that will likely make Elon Musk the first trillionaire if prices hold. Analysts warn the valuation rests on speculative AI and orbital data‑centre 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.