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SpaceX Reportedly Lowers IPO Valuation Target

SpaceX Reportedly Lowers IPO Valuation Target SpaceX is targeting a valuation of at least $1.8 trillion in its upcoming initial public offering, Bloomberg reported, citing people familiar with the matter. This is below an earlier goal of more than $2 trillion. In practice, the initial IPO valuation target is a marketing range, not a final number. Therefore, any valuation shifts ahead of the trading day would not be unusual. This suggests advisers are calibrating the deal to what investors are willing to absorb, especially given the massive proposed raise of...
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Jun 24, 2026 / Dave DeCamp
Trump Asks Congress for Additional $87.6 Billion, Mainly for Iran War
The White House sent a letter to Congress on Wednesday requesting an additional $87.6 billion in supplemental funding, with the vast majority going toward “costs incurred” by the US-Israeli war against Iran. The White House Office of Budget Management told House Speaker Mike Johnson (R-LA) that the nearly $70 billion earmarked for the Iran war […]
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May 15, 2026 / Tyler Durden
Closing Arguments In High-Stakes OpenAI Trial Focus On Reputation, Character
Closing Arguments In High-Stakes OpenAI Trial Focus On Reputation, Character Authored by Beige Luciano-Adams via The Epoch Times (emphasis ours), OAKLAND, Calif.—After nearly three weeks of presented evidence, an Oakland jury on May 14 heard final arguments in a high-stakes legal battle that could have profound impacts on the race for artificial intelligence. In a courtroom sketch, Sam Altman listens as OpenAI President Greg Brockman testifies during Elon Musk's lawsuit trial over OpenAI's for-profit conversion, at a federal courthouse in Oakland, Calif., on May 4, 2026. Vicki Behringer/Reuters Tech moguls Elon Musk and...
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May 28, 2026 / Tyler Durden
Texas Authorities Arrest 6 Chinese "Special Interest Aliens" In Camouflage
Texas Authorities Arrest 6 Chinese "Special Interest Aliens" In Camouflage Authored by Tom Ozimek via The Epoch Times, Texas authorities arrested six Chinese nationals dressed in camouflage who were allegedly attempting to evade capture after crossing the border illegally into the United States, officials said, describing them as "special interest aliens." U.S. Border Patrol agents monitor the Southern border outside of San Diego, on May 27, 2026. John Fredricks/The Epoch Times Lt. Chris Olivarez, a spokesperson for the Texas Department of Public Safety (DPS), said on May 27 that the Chinese nationals were...
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