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UNBELIEVABLE: 29 - Caught on Camera

At Elon Musk's Starbase, the rise of SpaceX brings fortunes and fractures

SpaceX's rapid expansion in South Texas, centred around its Starbase facility, is bringing economic benefits and global attention. However, the company's rocket launches are also causing significant property damage to local residents, fueling lawsuits and environmental concerns. The growing divide highlights the complex realities of progress and its consequences for…

The Economic Times

Why Elon Musk-led blockbuster SpaceX IPO may spell more bad news for crypto

The impending IPO of SpaceX is poised to shake up the cryptocurrency landscape. Investors are diversifying their portfolios, redirecting funds into promising artificial intelligence stocks. This shift could siphon off significant investments from digital currencies, especially with more AI-related IPOs on the horizon. This evolving trend hints at a turbulent…

The Economic Times

The Big Three IPOs: What Retirees Need to Know Now

As SpaceX, OpenAI and Anthropic head toward massive public listings, retirees should avoid the hype and focus on a disciplined, diversified financial plan.

Kiplinger

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SpaceX IPO: $1.75 trillion valuation among 5 risks about world’s biggest stock market debut

Elon Musk's SpaceX is preparing for a historic $75 billion IPO, aiming for a $1.75 trillion valuation despite reporting significant losses. While investor demand is high, concerns linger regarding overvaluation, Elon Musk's continued control, substantial debt, and increasing competition in the commercial space sector.

The Economic Times

A $7 billion horse race: Goldman Sachs and Morgan Stanley battle to lead OpenAI and Anthropic IPOs

Only one bank can occupy the coveted lead underwriter position for this year's hottest AI IPOs.

Fortune

SpaceX IPO: Listing date, valuation among 10 things to know about the biggest stock market debut ever

Elon Musk’s SpaceX is poised for a historic IPO, aiming to raise $75 billion at a $1.75 trillion valuation. Investor demand is strong, with shares set to list on Nasdaq on June 12. The offering prioritizes retail investors and will see Elon Musk retain significant control, despite the company currently…

The Economic Times

SpaceX IPO: Will Elon Musk become the world's first trillionaire after mega listing? The math is delicately poised

Elon Musk SpaceX IPO: Elon Musk is on the cusp of becoming the world's first trillionaire as SpaceX prepares for its massive $75 billion IPO. With SpaceX valued at $1.77 trillion, Musk's stake could surge, potentially pushing his net worth past the $1 trillion mark. This historic event hinges on…

The Economic Times

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In active talks with Indian govt, received encouraging feedback: Starlink

Starlink is actively discussing its satellite services with the Indian government. The company has received positive feedback on its potential to boost connectivity, especially in remote areas. Starlink is committed to India and is working with the government to bring its services soon. The company has established a special deployment…

The Economic Times

Why are oil prices up, while gold, silver prices down today along with upcoming US stock market futures crash? US attack, Iran tensions, inflation fears and market reaction explained

Why are oil prices up, while gold, silver prices down today along with upcoming US stock market futures crash? Global markets moved in different directions after fresh U.S. strikes against Iran increased geopolitical tensions. Oil prices gained as supply concerns returned. Gold and silver prices fell as the U.S. dollar…

The Economic Times

Elon Musk's xAI, SpaceX hit with class action over data center 'nuisance'

The lawsuit, made public on Tuesday in federal court in Oxford, Mississippi, claims Musk's companies negligently ‌failed to ⁠curb the ⁠disturbance and created a public nuisance through excessive and offensive noise. Three residents filed the case on behalf of a class estimated at more than 10,000 members.

The Economic Times

SpaceX aims to launch orbital AI computing tests by end of next year

During two investor presentations ahead of the IPO, both featuring President Gwynne Shotwell and Chief Financial Officer Bret Johnsen, SpaceX executives outlined a roadmap to begin demonstrating orbital-compute capabilities in 2027, according to the two people familiar with the discussions. Both sources were at a Goldman Sachs meeting and one…

The Economic Times

NASA's Artemis III crew: A test pilot, an Italian, a record-holder and a first-timer

NASA has announced the crew for its upcoming Artemis III mission. This mission will feature a docking demonstration with three spacecraft in Earth's orbit. The crew includes U.S. astronauts Andre Douglas, Frank Rubio, and Randy Bresnik, along with Italian astronaut Luca Parmitano. This mission is planned for next year and…

The Economic Times

AAP Rolling News Bulletin June 10, 1130

AAP Rolling News Bulletin for June 10 at 1130

AAP

Who Are the Artemis III Astronauts? Everything to Know About NASA's 2027 Moon Mission Crew

NASA has unveiled the Artemis III crew, including astronauts Randy Bresnik, Luca Parmitano, Frank Rubio, and Andre Douglas, for a 2027 mission focusing on lunar orbital operations and systems testing.

International Business Times UK

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Fortune

Wall Street dumped nearly $1 trillion in tech stocks by midday—then bought peanut butter and paint

A midday rout in the “Parabolic 7” chipmakers reversed by the close as money fled into the market’s dullest corners.

AAP

NASA taps US, Italian astronauts for Artemis mission

The Artemis III crew includes Italian astronaut Luca Parmitano of the European Space Agency - the first European to join the moon mission.

Barchart

This Newly Listed Closed-End Fund Just Revealed SpaceX as Its Top Holding at $117 Million.

Powerlaw Corp. disclosed SpaceX as its largest holding at $117 million, representing 19.37% of net assets in its concentrated portfolio of late-stage private technology companies.

International Business Times UK

What Is the Artemis III Mission? NASA Names Four-Person Crew to Test SpaceX and Blue Origin's Commercial Lunar Landers

NASA has announced the Artemis III crew, set to test commercial lunar landers in 2027, marking a pivotal step in returning humans to the Moon and establishing a sustainable presence.

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The Conversation

As SpaceX, OpenAI and Anthropic plan blockbuster launches, will it make AI giants more accountable?

A huge change is coming to the world’s booming artificial intelligence (AI) sector.

The Economic Times

US stocks: S&P 500, Nasdaq fall as tech selling resumes, Trump vows to react to downed US helicopter

U.S. stocks fell Tuesday as technology shares reversed earlier gains amid renewed selling pressure. President Trump's vow to respond to Iran shooting down a U.S. helicopter added to Middle East war concerns. Investors also eyed upcoming inflation data and the highly anticipated SpaceX IPO.

International Business Times

Perplexity Sticks To 2028 IPO Timeline As OpenAI, Anthropic Take Steps To Public Markets

Perplexity plans to go public in 2028 and is not altering that timeline based on the market reception of upcoming listings from rival artificial intelligence companies.

The Economic Times

US stocks: SpaceX IPO demand is approaching four times oversubscribed, source says

SpaceX's initial public offering is seeing massive investor interest. Demand has reached over 250 billion dollars, far exceeding the 75 billion dollars the company aims to raise. This indicates strong investor confidence. SpaceX is currently in the marketing phase for its IPO. The company is highlighting its rocket launch business…

Evening Standard

Nasa sticks by 2027 launch of next mission despite Blue Origin rocket explosion

The agency expresses confidence in the space firm founded by the billionaire Amazon businessman as it names its Artemis III crew.

The Economic Times

Why IPO valuations, SpaceX’s included, may not conclusively capture the current state of AI play

The AI IPO season is here with SpaceX, Anthropic, and OpenAI preparing for huge listings. These companies are seeking public funds to cover their significant expenses. Valuations are soaring, leading to questions about the AI bubble. Investors are being urged to be cautious as these tech giants aim to reshape…

LiveScience

Artemis III crew revealed: NASA announces astronauts for 'one of history's most complex missions'

NASA's Artemis III crew has been revealed. The astronauts will launch into low Earth orbit next year to test docking with commercial lunar landers being developed by SpaceX and Blue Origin.

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