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Fortune
Fortune
Jim Edwards

Elon Musk's SpaceX-Tesla merger math doesn't add up

(Credit: Photo by Win McNamee/Getty Images)

Good morning. On Fortune’s radar today:

  • Elon Musk’s dream merger is a dilutive nightmare for SpaceX shareholders .
  • ING thinks Britain’s Andy Burnham has a secret plan to hold a snap election.
  • Markets: Worldwide selloff as further conflict looms with Iran.
  • Chart: Iran’s attacks in the Strait of Hormuz are as bad as ever.
  • U.S. childcare is so expensive that fewer Americans are using it.
  • OnlyFans wants to offer financial services and maybe stage an IPO .
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