Elon Musk becomes world's first trillionaire as SpaceX soars in Nasdaq debut
Elon Musk has become the world's first trillionaire after shares in his SpaceX rocket company surged on their stock market debut in New York. The company listed on the Nasdaq exchange on Friday in what was described as the biggest-ever stock market debut, briefly lifting Musk's paper wealth above $1tn. SpaceX closed the day with a valuation of $2.2tn, after trading opened above the offer price and climbed further during the session.The company said shares would be offered at $135 each, but trading opened at $150 and briefly reached $176.50 before ending the day at $160.95. The initial public offering... [Continue Reading]
360LiveNews | 12 Jun 2026 23:04 LONDON
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SpaceX blocks China and Hong Kong investors from landmark IPO
SpaceX has barred investors from mainland China and Hong Kong from taking part in its public offering, a rare country-level restriction in a major share sale. The move affects a wide range of potential buyers, including mutual funds, private equity firms, sovereign funds, family offices and high-net-worth individuals from the two jurisdictions. The company is going public on Friday, and the exclusion has drawn attention because of the scale of the offering and the sensitivity of the sectors involved.The restriction was reported to have taken effect quickly after first being disclosed last week. People in Hong Kong or mainland China... [Continue Reading]
360LiveNews | 12 Jun 2026 13:37 LONDON
Iran threatens SpaceX and Starlink-linked assets in West Asia
Iran's military has said it will consider Elon Musk's companies, including SpaceX's Starlink internet service, as potential targets in West Asia, according to Iranian state media. The warning was framed as part of Tehran's retaliation against renewed US attacks. A regional Starlink ground station was specifically mentioned as a possible target.The report said Iran was targeting "all interests related to economic holdings managed by Elon Musk in West Asia". It cited an "informed source" saying the Islamic Republic reserves the right to attack facilities linked to Musk-managed holdings in the region and in occupied territories. The warning appeared around the... [Continue Reading]
360LiveNews | 11 Jun 2026 16:37 LONDON
Australia flags risks over reliance on Starlink as SpaceX prepares public offering
Australian government officials are privately warning about the risks of growing reliance on Starlink, the satellite internet service owned by SpaceX. The concern comes as tens of thousands of Australians are preparing to buy shares in SpaceX ahead of its public offering on 12 June. The issue has drawn attention because Starlink is already used by about 200,000 Australians and several government agencies.Documents obtained under freedom of information laws say officials have been assessing the implications of essential communications depending on a privately owned foreign satellite network. An internal notice from a spy agency described satellite internet providers as a... [Continue Reading]
360LiveNews | 10 Jun 2026 21:00 LONDON
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OpenAI confidentially files for US initial public offering
OpenAI has confidentially filed for a United States initial public offering, according to the supplied report, but has not disclosed the size or terms of the offering. The company also said a timeline has not yet been determined. The filing places the ChatGPT-maker among a growing group of artificial intelligence firms moving towards public markets as investor interest in the sector remains strong.The company said in a statement that it may remain private for some time because there are things it wants to do that are likely easier as a private company. The report says Reuters previously reported that OpenAI... [Continue Reading]
360LiveNews | 09 Jun 2026 00:03 LONDON
