Elon Musk's SpaceX plans to launch an initial public offering priced at $135 per share, aiming to raise $75 billion and reach a valuation of approximately $1.75 trillion, according to a Reuters report. The move, if successful, would mark the largest IPO in history and could influence other major private technology firms to enter public markets. Details about timing and regulatory approvals have not been disclosed.
Israel and Lebanon have agreed to implement a ceasefire mediated by the United States, requiring Hezbollah to stop attacks and withdraw forces from southern Lebanon. The deal allows for continued negotiations on unresolved security matters. Despite the agreement, at least nine people died in Israeli strikes across southern Lebanon, while Hezbollah launched rocket and drone attacks into northern Israel, testing the truce.
An Iranian drone targeted Kuwait International Airport, killing one person and injuring over 60, Kuwaiti authorities said. Iran denied involvement, attributing the incident to a malfunctioning US interceptor missile. The United States accused Tehran of carrying out a deliberate strike, complicating ceasefire efforts in the region.
In south Delhi, a fire tore through a multi-storey guesthouse, claiming at least 21 lives. Many victims were foreign nationals visiting India for medical care or to assist relatives undergoing treatment.
Three Royal Navy personnel died after a Merlin Mk4 helicopter crashed during a training exercise in Devon, southwest England. An investigation into the cause is ongoing.
Ukrainian drones struck areas near St Petersburg ahead of Russia's major economic forum, disrupting airport operations and triggering air-defence systems. Russia promised a "systemic" response, while Ukraine stated the targets were military and energy infrastructure.
The Trump administration imposed new tariffs ranging from 10% to 12.5% on imports from several countries, including the UK, EU, India, and Japan, citing inadequate action on forced labour in supply chains.
The World Health Organization reported progress in containing an Ebola outbreak in the Democratic Republic of Congo, with 344 confirmed cases and 60 deaths. Uganda recorded 15 cases and one death.
US military flights carrying personnel and equipment continue arriving in Kenya to build an Ebola quarantine facility, despite a court order halting the project and protests that resulted in two deaths. The facility is intended to treat Americans potentially exposed to Ebola in Central Africa.
SpaceX claims a $1.75 trillion valuation ahead of a $75 billion IPO, yet no trading date or regulatory approval has been confirmed. The gap between ambition and execution leaves investors assessing risk without timelines. Public interest hinges on disclosures yet to be made.
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