Elon Musk’s SpaceX raises $75bn ahead of record stock market debut
Elon Musk's SpaceX has raised $75bn (£56bn) from financial firms ahead of its stock market debut, set to be the highest-value listing in history, according to a BBC report.
Business
Stock Markets Surge 2.5% as Trump Calls Off Iran Strikes
Global stock markets surged as US President Donald Trump announced he had called off planned strikes on Iran and claimed a peace deal is imminent, according to Al Jazeera.
Musk’s $1.8 Trillion SpaceX IPO Could Face Retail Investor Concerns
Elon Musk’s SpaceX is preparing for an initial public offering (IPO) with a staggering $1.8 trillion valuation, though some analysts and investors are cautioning that the move could be 'highly undesirable' for certain stakeholders.
Trump Says ‘I Love the Inflation’ as Rate Hits 4.2%
Donald Trump said 'I love the inflation' after new data showed the rate climbed to 4.2% in May 2026, a three-year high, according to The Guardian.
SpaceX IPO Draws More Than $70 Billion in Retail Orders
Retail investors have submitted more than $70 billion in orders for the upcoming SpaceX initial public offering (IPO), according to Bloomberg. The demand highlights the high level of public interest in the space technology company.
US-Iran conflict to pull global economy to post-COVID low, warns World Bank
The World Bank has warned that the US-Iran conflict could push global economic growth to a post-COVID low, with developing countries facing the brunt of the impact.
El Niño Threatens Weather Extremes, Scientists Confirm
El Niño - the natural Pacific weather pattern that pushes up global temperatures - has officially begun, US scientists say.
Trump says he ‘loves the inflation’ as US prices rise at fastest rate in three years
U.S. President Donald Trump has expressed support for rising inflation, stating he 'loves the inflation' as the country faces its fastest price increase in three years, according to multiple reports.
Inflation hits 4.2% as markets brace for rate hikes
U.S. inflation is expected to hit 4.2% in May, the highest level in three years, according to FactSet estimates. The data could influence the Federal Reserve’s rate policy and impact global markets, including Bitcoin.
Iran Announces Closure of Strait of Hormuz Amid Rising Tensions
Iran has reportedly closed the Strait of Hormuz, a critical global oil shipping route, following U.S. military strikes against Iranian military targets. The move has triggered a sharp rise in oil prices and heightened global market volatility, according to multiple reports.
SpaceX’s Stock Market Blast-Off: A $1.75 Trillion Gamble
SpaceX's planned stock market debut could make Elon Musk the world's first trillionaire, according to the BBC.
Aviation Industry Looks Skywards as Jet Fuel Prices Hit $140 a Barrel
The aviation industry is navigating a period of uncertainty as jet fuel prices remain above $140 a barrel, with leaders gathering in Rio de Janeiro for the Iata AGM, according to The Guardian.
Historic Canadian Warehouse Workers’ First Union Deal with Walmart
Canadian warehouse workers have signed the first-ever collective agreement with Walmart, a historic milestone in labor rights, according to The Guardian.
Maja Chwalińska’s Life-Changing French Open Run
Maja Chwalińska, a 24-year-old qualifier from Poland, has made history by reaching the French Open final in 2026. Her career earnings have nearly tripled in the tournament alone, reaching $1.624 million — more than double her previous total of $864,030, according to reports.
Everest Guide Survived Six-Day Ordeal on Mountain
A Nepali Everest guide survived a six-day ordeal by eating chocolate and 'chewing ice', according to the BBC.