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CSB News USA · 4:31 PM
The rise in SpaceX’s share price today, following its listing on the U.S. stock market, has made Elon Musk the world’s first trillionaire
The rise in SpaceX’s share price today, following its listing on the U.S. stock market, has made Elon Musk the world’s first trillionaire. Musk’s 38% stake in SpaceX is now valued at around $800 billion after the company’s shares jumped 20% in early trading, pushing its overall valuation above $2 trillion. In addition, Musk owns just over 10% of Tesla, a stake worth approximately $165 billion. He also holds options to acquire nearly another 8% stake, valued at about $114 billion, according to Forbes. Before SpaceX’s shares began trading, Forbes had estimated Musk’s net worth at around $980 billion, meaning only a modest increase in the share price was needed for him to surpass the $1 trillion milestone. Musk also owns stakes in his brain-interface startup Neuralink and his tunneling venture The Boring Company, in addition to wealth accumulated from previous sales of Tesla shares. Meanwhile, Oxfam has warned that Musk’s rise to a fortune exceeding $1 trillion marks “a dark day for democracy.
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War
Israel’s Military Strikes Dozens of Targets in ‘Significant Hezbollah Stronghold’
The Israel Defense Forces (IDF) said on Friday that it struck dozens of targets in an area of southern Lebanon described as a “significant Hezbollah stronghold.” According to the IDF, during the operation in Dabin: More than 50 targets were struck. Dozens of Hezbollah infrastructures…
Politics
Deal with US Is ‘Mostly Finalized,’ Iran’s Foreign Ministry Says
Iranian Foreign Ministry spokesperson Esmail Baghaei said that the text of a deal with the United States aimed at ending the conflict is “mostly finalized.” According to The Associated Press, Baghaei made the remarks during a phone call broadcast on Iranian state television. He reportedly…
World
A Dangerous Limbo Leaves Iran, and the World, Between Peace and War
Two months after the United States and Iran announced a nominal cease-fire, the Middle East remains trapped in a cycle of low-intensity violence that has blurred the line between peace and war. In just the past five days, the U.S.…