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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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Jul 9, 2026 / Tyler Durden
"Deepening Dark Trend" Emerges On Hormuz As Ship Traffic Slows
"Deepening Dark Trend" Emerges On Hormuz As Ship Traffic Slows
The US military has struck Iranian targets for a second straight day, while Tehran has responded with ballistic missile and drone attacks targeting Kuwait, Qatar, Bahrain and even faraway Jordan. While our overnight wrap focused on the latest war developments, the focus here is what energy traders are watching most closely: vessel traffic through the Strait of Hormuz.
Bloomberg cites new shipping data showing that the Hormuz chokepoint slowed to a near standstill on Thursday.
More color from the report:
Among larger vessels,...
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Apr 22, 2026 / Dave DeCamp
US Official Says Trump’s Iran Ceasefire Extension Is Not Open-Ended
A US official has told Axios that President Trump’s extension of the ceasefire with Iran will not be open-ended and suggested it could last just “three to five days,” though that exact timetable was later denied by the White House. The Trump administration is attempting to frame the lack of talks in Pakistan as related […]
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Jul 21, 2026 / Joseph Russo
From Spoiled Sons of Liberty to Surveillance Leviathan: America’s Six Republics and the Myth of Eternal Union
Most Americans, unfortunately, believe that we are still living in the constitutional republic created in 1787. That was five republics ago.
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