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The Latest Breaking News from Elon Musk

SpaceX needs to grow at a rate no company has ever achieved to justify a $1.75 trillion valuation

SpaceX's valuation will set the bar for what the must achieve going forward to reward investors.

Fortune

Musk's SpaceX IPO jolts life back into European retail investing

European retail investors are eagerly eyeing the SpaceX IPO, with an unusually large allocation planned across several countries. While platforms are inviting applications, experts caution about the risks associated with the loss-making company's high valuation and limited float size for individual investors.

The Economic Times

Wall Street Week Ahead: Blockbuster SpaceX IPO set to test high-flying US stocks rally

SpaceX's massive $75 billion IPO is set to launch next week, potentially valuing the company at $1.75 trillion. Investors are watching closely amid fears of market overexuberance, especially after recent job data fueled concerns about hawkish monetary policy. Key tech earnings and inflation data will also shape market sentiment.

The Economic Times

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JD Vance blames UK student murder on 'mass invasion of migrants'

US Vice President JD Vance linked the death of student Henry Nowak to civilizational decline and mass migration, sparking a debate over policing bias. Vance's comments drew criticism from UK officials who urged against using the tragedy to foster division, while the Nowak family also expressed a desire for their…

The Economic Times

Chip slump erases $1.3 trillion in stock market value

The PHLX's combined loss of 12% over two sessions shows investors are becoming more concerned about pricey, high-flying tech stocks just as Elon Musk prepares a blockbuster initial public ⁠offering next ‌week for SpaceX at an exceedingly high $1.75 trillion valuation.

The Economic Times

SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO

As part of the deal, Google will pay SpaceX $920 million monthly ‌from October ⁠this ⁠year to June 2029, with capacity ramping up through September at a reduced fee, Elon Musk's space venture said in a regulatory filing.

The Economic Times

Keir Starmer Warns US Is Trying to Interfere in British Democracy After JD Vance's Nowak Post

Prime Minister Keir Starmer criticises US interference in UK democracy after Vice-President JD Vance's comments on the Henry Nowak murder case, sparking diplomatic tensions and calls for action.

International Business Times UK

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US VP Vance blames British student's murder on migrant 'invasion'

WASHINGTON (UNITED STATES) - US President JD Vance on Friday blamed Britain's handling of the murder of a white student by a Sikh man on what he called civilizational decline caused by an "invasion" of migrants.

Bangkok Post

Elon Musk Shared an AI Created Trailer for a Terrible Version of the Iliad

Elon Musk made his AI generate a lifeless version of The Iliad. And, I’m just as confused as you are at this point. The social media platform owner and professional poster unveiled his latest “creation” on a personal account today. Anyone who has been paying attention knows about Musk’s obsession…

The Mary Sue

Ukraine: Dear Putin, Lebanon: A Crude Call, Colombia's 'Tiger'

In a week where a renewed ceasefire was proclaimed between Israel and Lebanon, a deal that hinges on the complete cessation of attacks from the Iranian backed militants Hezbollah and withdrawal from the south of the country.

France 24

Investors take profits, watch Mideast warily

RECAP: Asian share markets retreated yesterday as investors took profits on technology stocks and turned defensive ahead of the weekend, wary of a flare-up in Middle East hostilities with US-Iran peace talks in limbo.

Bangkok Post

US Vice President JD Vance slams UK's 'enraging' handling of student murder

Hampshire Police has apologised to the family, and the case has been referred to the Independent Office for Police Conduct for review.

Euronews

Jamie Dimon called Elon Musk the ‘Edison of our time’ as JPMorgan hosted SpaceX’s $75 billion IPO road show—and even invited Musk’s mom

Top bankers are lavishing praise on Musk ahead of his rocket company’s record-setting listing.

Fortune

The Guardian view on Henry Nowak’s murder: big tech and the far right are allied in an outrage arms race

Editorial: Anger and distress at the treatment of the stabbed teenager is widely shared. But the online amplification of myths and grievances must be tackled

The Guardian - UK

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The Guardian - UK

Starmer suggests US ‘trying to interfere in our democracy’ over Nowak claims

Prime minister’s office responds after JD Vance blames British teenager’s death on mass migration

The Guardian - UK

Vance leads charge of US officials using Henry Nowak murder to push anti-immigration agenda

Vice-president and state department look to push far-right idea that mass migration is causing civilisational decline

The Guardian - UK

‘Violence is a red line’: could Nigel Farage’s ‘pure, cold rage’ rhetoric damage his brand?

Reform UK leader looks spooked by far-right Restore and risks undermining efforts to appeal to moderate voters

The Economic Times

Can Elon Musk do to US telecom what Mukesh Ambani did in India?

Elon Musk's Starlink is poised to disrupt American telecom giants like AT&T and Verizon. Analysts believe Starlink could change how connectivity is delivered and who controls it. SpaceX's satellite internet service is evolving into a mainstream platform. This shift could accelerate declines in subscriber growth and revenue for traditional operators.

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The Economic Times

Spacex IPO is said to draw more orders than shares available

SpaceX’s $75 billion IPO is already oversubscribed, signaling strong institutional demand and positioning it to become the largest listing ever. The Elon Musk-led firm may surpass Saudi Aramco’s record. Shares are priced at $135, valuing the company near $1.8 trillion, with trading expected to begin mid-June.

International Business Times UK

SpaceX Stock Price: How Wall Street Quietly Rewrote the Rules for Elon Musk's IPO

SpaceX's IPO is reshaping market norms with unprecedented retail access and rapid index inclusion, highlighting Elon Musk's influence and raising questions about accountability and market dynamics.

International Business Times

SpaceX Reportedly Tells Banks It Won't Change Its Share Price For Its IPO

SpaceX has told banks working on its IPO that it won't change its share price, currently set at $135, according to a new report.

The Independent UK

Trump’s DOGE team wanted to declare nearly 3 million living people dead to help drive out migrants, whistleblower claims

‘I was shocked. I couldn’t believe what I was hearing,’ the former Social Security Administration employee said

The Independent UK

Russell T Davies reveals he asked BBC to stop publicising Doctor Who on X: ‘It’s a hate platform’

‘It’s not the town square it pretends to be,’ he said of X

The Times of India

Henry Nowak case: How handcuffed UK student's murder by Sikh man sparked national outrage - timeline of events

The murder of 18-year-old Henry Nowak by Sikh man Vickrum Singh Digwa sparked national outrage after police bodycam footage showed the Southampton student being handcuffed moments after he was stabbed. The incident triggered protests across the UK and drew reactions from prominent figures, ranging from Prime Minister Keir Starmer to…

International Business Times UK

Why Elon Musk's Daughter Vivian Wilson Voluntarily Walked Away From the World's Biggest Inheritance

Vivian Wilson's refusal to discuss Elon Musk has renewed focus on their estrangement and her decision to pursue a life independent of his wealth and influence.

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