SpaceX Reportedly Lowers IPO Valuation Target

Germany Accelerates Kamikaze Drone Stockpiling With Rheinmetall Deal Germany's parliament has approved a sizeable contract for defense giant Rheinmetall to supply loitering munitions, or kamikaze drones, to the Bundeswehr, underscoring just how quickly European militaries are internalizing drone warfare lessons from both the Russia-Ukraine war and, more recently, the U.S.-Iran conflict. Berlin's latest procurement push makes it clear that one-way attack drones are becoming a serious threat, and the race to stockpile them has begun. Bloomberg reports that the budget committee of the Bundestag approved the Defense Ministry's proposal for an...

Goldman Sees Risk Of Food Price Spike Amid Fertilizer Disruption The conversation grows louder by the day as disruption at the Hormuz chokepoint hits the global nitrogen fertilizer market and, in turn, is set to impact upcoming corn and grain harvests in some key growing regions. Goldman commodity analysts Lina Thomas and Daan Struyven penned a note on Tuesday warning clients that chokepoint risks in the Strait of Hormuz may affect global agricultural prices. "The Strait of Hormuz is a critical route in the global nitrogen fertilizer market, which accounts...

US Africa Command (AFRICOM) announced on Tuesday that its forces launched two more airstrikes in Somalia as the Trump administration continues a record-shattering bombing campaign in the country, which receives virtually no media coverage in the US. AFRICOM said in one press release that it launched a strike on September 4 about 108 miles west […]