SpaceX reveals plan for $1.75tn stock market debut that could make Musk a trillionaire
SpaceX has unveiled plans for a $1.75tn stock market listing, potentially making Elon Musk a trillionaire, according to The Guardian.
Markets
Nvidia’s Record $81.6B Revenue Fails to Satisfy Investors
Nvidia's record quarterly revenue of $81.6 billion failed to impress investors, as shares fell 1.6% in after-hours trading, according to BBC.
SpaceX Files for $1.75tn IPO That Could Make Elon Musk a Trillionaire
Elon Musk's SpaceX has filed for an initial public offering (IPO) that could make the billionaire a trillionaire, according to a prospectus disclosed on Wednesday.
Iran Executions Surge: 32 Political Prisoners Put to Death Since February
The voice of Mehrab Abdollahzadeh, a political prisoner in Iran, may be the last time people hear his voice, according to a voice note obtained by the Kurdistan Human Rights Network.
Meghan Markle Shares Rare Princess Lilibet Photo, Highlighting Family Moments
Meghan Markle recently shared a rare photo of Princess Lilibet on Instagram, offering fans a glimpse into the young royal’s life and her growing role within the family.
85-Year-Old Palestinian Shares Lifetime of Displacement from Nakba to Gaza’s Ruins
Abdel Mahdi al-Wuheidi, 85, recounts decades of displacement, from the 1948 Nakba to the ongoing war in Gaza, as he lives among the ruins of his home in Jabalia. According to Al Jazeera.
OpenAI Employees Cash Out in $6.6B Secondary Sale
OpenAI employees sold $6.6 billion in shares during a secondary offering in October, with over 600 workers, including 75 who hit the $30 million cap, cashing out as the company’s valuation rose to $852 billion.
Michael Jackson’s Legacy Surges Amid New Legal and Cultural Developments
Michael Jackson's estate and legacy are once again in the spotlight after a Los Angeles judge ordered the return of $625,000 in bonuses paid to law firms by estate executors, according to TMZ. Meanwhile, his music is seeing renewed chart success, and his daughter Paris Jackson is rekindling public interest in her family’s history.
US Inflation Jumps to 3.8% as Energy Costs Surge
US inflation rose to 3.8% in April, the highest level since 2023, driven largely by surging energy costs from the war in Iran, according to the Bureau of Labor Statistics.
Iran Food Inflation Reaches 115% Amid War and Economic Strain
Food inflation in Iran has surged to 115% year-on-year, hammering households already struggling with the effects of war and economic instability, according to recent reports.
Shell Profits Surge $6.92 Billion Amid Iran War Impact
Shell reported a $6.92 billion profit in the first quarter of 2024, driven by soaring oil prices due to the Iran war, according to BBC.
Oil Prices Drop, Stock Markets Rise as Iran War Deal Reported
Oil prices dropped and stock markets rose globally after reports of a potential deal to end the war between the US and Iran, according to BBC.
Shares falter as oil prices remain elevated amid US-Iran tensions
Shares falter as oil prices remain elevated amid US-Iran tensions, with markets reacting to a volatile geopolitical landscape and fluctuating energy prices.
Samsung Family Pays Off $12B Inheritance Tax
Samsung’s family has completed a record 12 trillion KRW inheritance tax payment, the largest in South Korea’s history, as the tech giant’s stock surged alongside the Kospi index.
Berkshire Hathaway cash surges to record $397 billion
Berkshire Hathaway's cash pile surged to a record $397 billion, driven by equity sales and strong insurance underwriting earnings, according to a regulatory filing.