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The Latest Breaking News from SpaceX

SpaceX went from three consecutive rocket explosions and near-bankruptcy in 2008 to the biggest IPO in history

Elon Musk once gave SpaceX less than a 10% chance of surviving.

Fortune

Ahead of Market: 10 things that will decide stock market action on Monday

Markets rallied sharply as easing US–Iran tensions and softer crude prices boosted sentiment. Sensex and Nifty surged 2%, adding Rs 10 lakh crore in market value. Broader markets outperformed, volatility eased, and technical indicators turned bullish. Analysts expect momentum to continue, with geopolitical developments and oil prices remaining key triggers.

The Economic Times

A 1% mistake costs $10 billion: Inside the impossible math of managing Elon Musk's trillionaire SpaceX wealth

SpaceX's record IPO made Musk a trillionaire—and created a wealth-management challenge no advisor has ever faced.

Fortune

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Elon Musk and co may relish march of the robots but there must be AI boundaries in the workplace

As technology advances quickly, firms should not lose sight of what qualities humans bring to jobs

The Guardian - UK

How Musk's tactics left investors clamoring for SpaceX stock and ignoring risks

One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire entrepreneur to buy $10 million worth of stock in the satellite maker in 2018. A portfolio manager at a $500 billion U.S. fund said he had to use his relationship with…

The Economic Times

Elon Musk becomes world's first trillionaire, but lives in a 20x20-foot home with an almost empty fridge

Elon Musk has achieved a historic milestone, becoming the world's first trillionaire. This unprecedented wealth follows SpaceX's successful stock market debut. Despite his immense fortune, Musk reportedly lives in a small 400-square-foot home in Texas. His lifestyle prioritizes ambitious projects over personal luxury, a stark contrast to his record-breaking financial…

The Economic Times

The hottest debate on Wall Street right now: Does the flood of mega-IPOs and new shares signal a downturn ahead? That depends

"The reason is that companies tend to issue when equity demand is strong, earnings momentum is healthy and investor risk appetite is elevated."

Fortune

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AAP Rolling News Bulletin June 14, 0830

AAP Rolling News Bulletin for June 14 at 0830

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AAP

'When I give my savings to Elon Musk...' Senator Elizabeth Warren trolled for demanding wealth tax on world's first trillionaire

Senator Elizabeth Warren was royally trolled as she called for a wealth tax on Elon Musk after Musk became the world's first trillionaire after SpaceX's Nasdaq debut. "Elon Musk just became the world's first trillionaire. The typical American household would have to work more than 11 MILLION years to make…

The Times of India

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The Economic Times

Mag 7? MANGOS? SpaceX forces name rethink on Wall Street's tech-stock moniker

SpaceX's massive $2 trillion IPO has challenged the 'Magnificent Seven' moniker, as its valuation now surpasses Tesla and Meta. With other tech giants like OpenAI and Anthropic poised for public debuts, market strategists are scrambling for new labels. While some propose 'MANGOS' or 'Magna Atoms', others believe the 'Magnificent Seven'…

AAP

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The Independent UK

Inside Elon Musk’s vast empire from rockets to brain implants after historic SpaceX IPO

Musk continues to hold CEO roles across several corporations, alongside various other executive titles and ownership stakes

The Independent UK

You may want to ignore SpaceX but your 401(k) won’t

SpaceX is now worth $2.1 trillion after its stock launched 19.2% higher in its debut on Wall Street

AAP

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