Elon Musk's net worth surges to $1.27 trillion after SpaceX's IPO valuation exceeds $2 trillion, making him the world's first trillionaire. LVMH CEO Bernard Arnault comments on the distinction between company valuation and personal spendable wealth, acknowledging Musk's dominance in the rocket industry.
India is debating the creation of a dedicated Rocket Force, inspired by Iran's missile use and Ukraine's air defense challenges. The proposed force would enhance conventional deterrence and deep-strike capabilities, utilizing systems like Pralay, BrahMos, Pinaka, and the Long-Range Land Attack Cruise Missile.
NASA has awarded Relativity Space a contract to build and launch a spacecraft, named Aeolus, to Mars in 2028. The mission aims to provide daily global views of Mars' atmosphere, enhancing safety for future human missions. This public-private partnership model leverages commercial innovation for ambitious space exploration.
FTX creditors are watching SpaceX's post-IPO stock performance with optimism. The defunct crypto exchange's investment in SpaceX, made before its collapse, could lead to larger payouts for victims of Sam Bankman-Fried's fraud.
Critical Energy, a startup focused on modular turbines for geothermal power plants, has raised $19 million in seed funding. The company aims to address a shortage of compatible turbines and plans to build its first 2.5 MW project by 2027, potentially outpacing nuclear energy deployments.
Elon Musk's Boring Company, promising revolutionary underground transport, has delivered an underwhelming experience in Las Vegas. The Vegas Loop, a network of tunnels for Teslas, operates at low speeds with limited capacity and few passengers, failing to alleviate congestion or offer a viable public transit alternative. Critics point to overpromising, lack of regulatory oversight, and a focus on private funding over public need.
UK inflation held steady at 2.8% in May, defying expectations of a rise. This suggests the Middle East conflict's impact on living costs may be less severe than feared, despite high fuel prices. Economists are downgrading inflation forecasts and questioning future interest rate hikes.
Taiwan's recent HIMARS rocket launch westward towards the Taiwan Strait signals a strategic shift towards mobile strike weapons to counter a potential mainland Chinese attack before it reaches shore. The exercise, the first of its kind, highlights Taiwan's plans for employing these new weapons in a cross-strait conflict.
O ex-pivô brasileiro Tiago Splitter, 41 anos, foi anunciado como novo técnico do Chicago Bulls. Ele estava no Portland Trail Blazers, onde assumiu interinamente após prisão do técnico principal e levou a equipe aos playoffs.
SpaceX has become the world's fifth most valuable company, surpassing Amazon with a valuation of $2.78tn after a 50% stock price surge post-IPO. The company announced the $60bn acquisition of AI coding startup Cursor.
Pawan Kumar Chandana, founder of Skyroot Aerospace, launched India's first privately built rocket. Despite a challenging academic start, he joined ISRO, then co-founded Skyroot Aerospace, securing significant funding and achieving milestones in private space exploration.
Pawan Kumar Chandana, once a low-scoring math student, founded Skyroot Aerospace, India's first private rocket company. After working at ISRO, he secured funding and launched India's first privately built rocket, Vikram S, in 2022. The company is now valued at $1.1 billion and aims for orbital launches.
SpaceX is set to acquire AI coding company Cursor for $60 billion in shares, following SpaceX's own massive IPO. Cursor, used by major tech firms, leverages AI to automate code writing, aligning with SpaceX's growing AI ambitions.
SpaceX is spending $60 billion to acquire Cursor, a programming platform, aiming to enhance its AI capabilities and compete with rivals like Anthropic and OpenAI. The deal, previously announced with an acquisition or breakup fee option, is expected to close in Q3 2026.
Norinco's display features advanced air defence systems, including surface-to-air missiles like the Sky Dragon 100 (100km range) and Yitian II (20km range), designed for layered defence. The company also highlights the SA2/LD76 anti-aircraft gun system, specifically targeting drones, cruise missiles, and precision-guided munitions.
India's Army Air Defence is procuring three new types of aerial target systems to enhance training against evolving threats like drones and cruise missiles. The systems include a rocket target for infrared missiles, a swarm drone simulator, and a multirotor copter, aiming to prepare personnel for modern warfare scenarios.
Isar Aerospace scrubbed a critical test flight of its Spectrum rocket due to issues with fluid systems. This marks the fourth delay in five months, highlighting ongoing challenges for the European rocket startup at Norway's Andøya Spaceport, which faces competing demands from military exercises and local fishing interests.
The IDF reported intercepting rockets fired by Hezbollah towards troops in southern Lebanon. Hezbollah also launched an anti-tank missile and mortar shells at Israeli forces in several incidents. Iran urged an end to attacks on Lebanon as part of a peace deal, while Israel's defense minister stated forces would not withdraw from occupied territory.
The upper stage of China's Zhuque-2E rocket broke apart in low-Earth orbit on June 9, creating an estimated 100-150 pieces of debris. The fragments pose a potential threat to SpaceX's Starlink satellites and other spacecraft, though they are expected to reenter the atmosphere within months due to aerodynamic drag.
La France a choisi le système Thundart de MBDA Safran pour remplacer ses lance-roquettes LRU, privilégiant la souveraineté face aux offres américaines et accélérant les livraisons pour répondre aux besoins de l'armée de terre.
Hong Kong consumer watchdog reports a 760% surge in complaints against claw machine operators over three years due to misleading displays, rigged settings, and low-quality prizes. One case involved a complainant spending HK$200 on a machine where empty boxes were presented as containing toys.
Harm reduction services in Western Australia report a doubling in demand for sterile injecting equipment for synthetic peptide use over the past three years, driven by social media trends and influencers promoting unapproved substances for weight loss and anti-aging. Experts warn of unknown long-term risks and potential contamination from the unregulated grey market.
Gujarat exporters are struggling with soaring logistics costs and trade uncertainty with West Asia due to ongoing conflicts. Freight charges have surged dramatically, and disruptions are increasing handling times, transit, and insurance expenses, impacting sectors like pharmaceuticals, perishables, and textiles.
SpaceX's IPO, valuing the company at $2.1 trillion, highlights Elon Musk's influence over investors, surpassing Tesla's earlier debut. Despite financial losses, the company's valuation is driven by its AI potential and ambitious orbital data center plans, signaling a new era of venture capital and growing global inequality.
