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Politics Jun 05, 2026

Support Swells for Block the Bombs Act as US Congress Rethinks Arms Aid to Israel

Support for the Block the Bombs Act, a bill to restrict U.S. arms transfers to Israel, has surged f…
Delia Ramirez’s Block the Bombs Act, introduced in June 2025 to impose a partial embargo on U.S. weapons shipments to Israel, has attracted a historic wave of co‑sponsors – rising from 21 Democratic lawmakers to 73 members across party lines by June 2026. The surge underscores a broader shift in congressional attitudes amid waning public support for unconditional aid to Israel. Rapid Expansion of Legislative Backing The bill’s co‑sponsor count now includes progressive Democrats, moderate Republicans, and former AIPAC‑backed members such as Valerie Foushee and Thomas Massie. Notable additions this year: Valerie Foushee – elected with AIPAC support, co‑sponsored in 2025. Christian Menefee – added after winning a primary against an AIPAC‑aligned incumbent. Thomas Massie – Republican who joined the effort following a primary loss. Legislative Numbers: Still Below a House Majority With 73 co‑sponsors in a chamber of 435 seats, the bill remains well short of the simple majority needed to advance to a floor vote. Republican leadership has so far blocked a full House consideration, keeping the measure in committee limbo. Public opinion data reinforce the legislative trend: a recent Institute for Global Affairs survey found only 16% of Americans support unrestricted U.S. weapons shipments to Israel. Implications for U.S.–Israel Relations and Domestic Politics The growing bipartisan coalition challenges the decades‑long bipartisan consensus that has underpinned U.S. military aid to Israel. If passed, the act would ban transfers of heavy bombs and artillery ammunition – weapons identified as central to the high civilian toll in Gaza. Advocates argue the bill aligns congressional action with the majority of voters, who increasingly view unconditional aid as contradictory to domestic priorities such as healthcare and housing. Critics warn that curbing arms sales could strain strategic cooperation and embolden adversaries in the region. What the Next Congressional Vote Could Mean Should the House schedule a floor vote, the outcome will hinge on whether moderate Democrats and Republicans can muster enough support to overcome the Republican leadership’s block. A successful passage would set a precedent for future restrictions on arms sales to allied nations deemed to be violating international humanitarian law. Even without immediate passage, the bill’s momentum is likely to influence upcoming appropriations debates and could spur additional legislative proposals targeting U.S. military assistance to Israel. Looking Ahead: Potential Scenarios Analysts forecast three possible trajectories: Passage with amendments – a compromised version could emerge, limiting only the most destructive munitions while preserving broader aid. Stalled in committee – continued Republican opposition may keep the bill dormant, but the heightened visibility could pressure future administrations. Escalation of public activism – growing grassroots pressure may translate into electoral consequences for lawmakers who oppose the measure. In any scenario, the Block the Bombs Act has already reshaped the conversation around U.S. arms policy, signaling that a sizable segment of Congress is willing to reconsider long‑standing support for Israel in light of humanitarian concerns and domestic priorities.
#Block the Bombs Act #Delia Ramirez #Israel
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Sports Jun 05, 2026

Iraola Must Move Fast but the New Manager Has the Tools to Fix Liverpool

Liverpool has appointed Andoni Iraola as their new head coach after sacking Arne Slot following a d…
Liverpool's Swift Managerial ChangeRichard Hughes and Michael Edwards have acted with decisiveness and a clear sense of what Liverpool's difficult situation demanded in switching head coaches within six days, although the appointment of Andoni Iraola removes just one layer of uncertainty from Anfield. Several others remain, including their roles in leading Liverpool's recovery alongside Arne Slot's successor.With supporters turning against Slot's football and more players liking Mohamed Salah's critical social media post than wishing the Dutchman well following his sacking, Liverpool could not allow disillusionment to fester and needed to move fast. Sporting director Hughes and Edwards, chief executive of football for the club's owner Fenway Sports Group, have delivered.Iraola's Appointment: Style and PhilosophyIn Iraola, who was coveted by Milan, Bayer Leverkusen and Crystal Palace after improving Bournemouth in each of his three seasons on the south coast, those in charge of football operations at Liverpool have hired a coach who promises a version of the aggressive attacking style that captivated the Kop under Jürgen Klopp. But winning is what captivates Anfield most of all and there is much more to the appointment of Iraola than style of play.Liverpool's new head coach has demonstrated a flair for improving individual players and handling disruption with minimal fuss. Slot may have lost his way on all counts, but still delivered Champions League qualification in the most trying circumstances and under a most unforgiving spotlight.Liverpool's Investment and Performance DeclineThe urgency behind the move for Iraola was not only a reaction to external pressures and the despondency that had set in at Anfield over the final weeks of last season. Several attractive clubs are in the market for a new manager before the World Cup and there is a limited pool of talent available.With the Basque holding talks with Leverkusen and Milan, and Liverpool's powerbrokers convinced of his suitability and ability, FSG needed to sign off on their recommendations quickly. The World Cup will disrupt Iraola's first pre-season and there is much to be done to turn the trajectory of a team in decline.New signings are the obvious place to start. Slot believed the addition of two wingers this summer would catapult Liverpool back to the levels of his title-winning campaign, finally filling the voids left by Luis Díaz's departure and Salah's dramatic drop in form. Liverpool agree with their former head coach on that score and two wingers remain their priority.The Challenge of Managing at AnfieldBournemouth operate in a completely different environment. Iraola surviving at the Vitality Stadium after a nine-game winless start to his Premier League career is testament to that. "We didn't start well and, probably, you were thinking: 'Who the fuck is this guy?'" Iraola joked at his Bournemouth farewell.Anfield would not be pondering that question during a nine-game winless run but screaming it at those responsible. Unwavering support for a Liverpool manager is not guaranteed, as Slot discovered 13 months after delivering the title in his debut season and having faced unprecedented challenges in his second.But Iraola has been hired because Liverpool also firmly believe he can get the best out of players already in the building. The judgment of Hughes and Edwards is likely to stand or fall by this conviction. Liverpool's reputation for astute trading and forward thinking, well established in the Klopp/Edwards era, has taken a battering after last summer's record investment of almost £450m yielded dismal results.Iraola's Path to Liverpool's RecoveryLiverpool remain convinced they acquired talent that can deliver the biggest prizes. The eyes on last season say differently, although there is substance to the argument that Slot struggled to find the best position for Florian Wirtz or play to the strengths of Alexander Isak. Liverpool's former head coach could respond with an injury list that restricted Isak, Wirtz and Hugo Ekitiké to less than two hours together on the same pitch last season.Isak appeared ill-suited to Liverpool on the few occasions he was match fit but a more dynamic approach under Iraola, who wants the ball released into his forwards as early as possible, should make the Sweden international more effective. Wirtz, clearly gifted but too often on the periphery in his debut Liverpool campaign, should also benefit from the shift in style plus the addition of two fast wingers.Iraola's work with defenders is another part of his appeal to Liverpool. At Bournemouth he coached Illia Zabarnyi, Dean Huijsen and Milos Kerkez into talents worthy of big money moves to Paris Saint-Germain, Real Madrid and Liverpool respectively. Not one has had the same impact since leaving the Vitality Stadium.
#Liverpool #Andoni Iraola #Arne Slot
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Science Jun 04, 2026

Bees Demonstrate Advanced Cognitive Abilities, Can Use Tools to Solve Problems

A recent study has found that bumblebees are capable of using tools to solve problems, demonstratin…
The Discovery of Tool Use in Bees Bumblebees can use tools to solve a problem, according to experiments that demonstrate their remarkably advanced cognitive abilities. The Experiment and Its Findings The bees were given an adapted version of an experiment that, 100 years ago, first demonstrated chimpanzees could work out how to retrieve an out-of-reach banana by stacking boxes. In the latest research, bees were shown to be able to roll a polystyrene ball to a specific location and climb on to it in order to access an artificial flower on a low ceiling. The Implications of the Study The findings challenge the longstanding assumption that insects operate purely on instinct and mindless trial-and-error learning. “Most people think insects are reflex-based machines,” said Dr Olli Loukola, a behavioural ecologist at the University of Oulu, Finland, and senior author. “That they can’t have any emotional states or feel pain. Some people don’t even realise that they have brains.” The Complexity of the Bees' Problem-Solving Abilities In the most basic version of the test, 75% of the bees were successful in reaching the flower. To test whether the bees were really solving the problem, the scientists put them through increasingly complex versions of the challenge. In the final setup, 23 out of 30 bees were successful in recalling the location of the flower and positioning the ball beneath it. The Future of Insect Cognition Research “We are not claiming that bees think like humans,” said Loukola. “But our findings show that miniature brains can generate flexible solutions to novel problems in ways we are only beginning to understand.” Prof Lars Chittka, a behavioural ecologist at Queen Mary University of London, added: “Bees are a model of how much intelligence you can squeeze into a small nervous system … It’s a good reminder of there being a motivation to pay some respect to these other beings.”
#Bees #Cognitive Abilities #Tool Use
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Sports Jun 04, 2026

Russell Refuses to Feel Pressure Amid F1 Championship Battle

George Russell remains confident in his F1 world championship ambitions despite a mechanical failur…
Russell's Confidence Amidst Championship Battle George Russell remains confident in his world championship ambitions despite taking a serious blow with a mechanical failure at the last round in Canada. In Monaco, the British driver insisted that he felt no pressure, with the Formula One title his rival and teammate Kimi Antonelli's to lose. The Event Details Russell suffered a battery failure while leading in Montreal, after taking pole position and having enjoyed a hard-fought contest for the race lead that ebbed and flowed with his teammate. With Antonelli going on to win, he extended his lead in the world championship to 43 points. The 19-year-old Italian has now won four races in a row to establish a strong advantage, although 17 rounds remain including this weekend's meeting in Monaco. The Mental Approach Russell had been the pre-season favourite but, after winning the opening round in Australia, he has been surpassed by Antonelli, who is in only his second season in F1. The British driver has endured something of a run of bad luck: alongside the failure in Canada he had two technical problems in qualifying in China that were costly as Antonelli took pole and the win. The Impact Analysis However, the 28-year-old was calm and assured in Monaco as he insisted he would not change his approach as he attempts to chase down Antonelli. 'I don't think I've got anything to lose, really. I feel I'm still going with that same mindset, that if I look at it from my competitor's [Antonelli's] position, you're kind of in a position now that you've got such a buffer, it feels like you can only keep it, or you can only lose it. I think it's his to lose.' The Prediction Russell maintained he was unaffected by the setback in Canada, which was beyond his control. 'My mindset is enjoy every single race, try and win every single race, the same as I've done this whole season. I'm going to fight the same. I'm not going to change my mentality at all, nor am I going to let this put any more pressure on to me.'
#George Russell #Kimi Antonelli #F1
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Sports Jun 04, 2026

Sky Paywall Decision: Did Moving Test Cricket Behind Paywalls Save or Stifle English Cricket?

Twenty years after the ECB controversially moved live Test cricket to Sky's paywall, the decision r…
The End of an Era for Free-to-Air Cricket As Rudi Koertzen and Billy Bowden removed the bails at The Oval and celebrations began across the country after a grandstand finish to an epochal Ashes, it signalled not only the end of England's 18-year wait to claim back the urn, but the last rites of live Test match cricket on terrestrial TV in the UK. In December 2004, the ECB announced a landmark four-year deal worth £220m that gave Sky exclusive rights to show live cricket, with Channel 4 – which had been showing home Test matches since 1999 – left with nothing. This decision, made more than 20 years ago, remains one of English cricket's most controversial and divisive moments. The Financial Breakthrough Behind the Paywall For Giles Clarke, who led the negotiations in his role as chair of the ECB's marketing committee, it was a simple case of economics. "The alternative was a significant decline in income," said Clarke at the time. "Major cuts would have had to have been made in the funding of the England team, the support structure and to county cricket clubs as well." Clarke insists that the ECB's financial modeling presented a bleak picture if they were to accept Channel 4's bid. "We worked out that at least seven counties would have had to close, and I'm being very serious here. We would have had to cut back on our youth programmes and we couldn't see what we could fund. The game as we knew it, in the opinion of the guys who did the financial modeling, would not exist." In negotiations with Vic Wakeling, Sky's head of sport, Clarke insisted the ECB would need more money if they were to justify the decision to take live cricket off free-to-air. "We sat Vic down and said, 'If you don't [increase your offer], we aren't going to consider doing this with you. You've got to give us a better reason.' We got Sky to increase their bid by £30m. I think we did a bloody good job on the money." The Audience Impact and Accessibility Concerns Channel 4 had innovated in areas that had never been touched before, according to Mark Nicholas, Channel 4's frontman across their seven years as the home of Test cricket in the UK. "We made the game more accessible by the way that we styled it, so it didn't feel too elitist or too difficult." Having won the broadcasting rights before the 1999 season, the same summer that England were defeated by New Zealand on home soil to become officially the worst Test side in the world, Channel 4 brought viewers the team's subsequent rise under Nasser Hussain and then Michael Vaughan, culminating in the Ashes triumph of 2005 when a peak audience of 8.4 million tuned in to watch Ashley Giles and Matthew Hoggard clinch a nail-biter at Trent Bridge. When England sealed the deal at The Oval just over a week later, Channel 4 reported their highest-rating day ever – at 23.2%, the channel's total share of all TV viewing broke the record set by the Big Brother final three years earlier. By then the ink had dried on the ECB's contract with Sky. The Divisive Legacy of the Decision Channel 4 released a statement saying they hoped the ECB "would not come to regret its decision to turn its back on the hundreds of hours of terrestrial exposure that Channel 4 was offering". Their innovative coverage had been widely lauded since they had usurped the BBC to win the broadcasting rights alongside Sky in a two-pronged deal that involved the latter showing one home Test match each summer between 1999 and 2005. Speaking to key figures involved at the time, it's clear that passions still run high. There remains a sense of animosity between the different camps, accusations of underhand PR campaigns, and a refusal to accept that the other side may have a point. There are legacies to protect. In a sense, it's English cricket's Brexit. "We were faced with a horrendous situation but there was no doubt in the minds of all of us who were involved, and there was no doubt in our minds 15 years later, that we did the only thing we could do," says Giles Clarke, reflecting on the deal he struck with Sky 22 years ago. "There have been a lot of lies and rubbish said about this. Channel 4 did not bid for all the Test matches – they only wanted the second series each summer. The BBC said they were not going to bid two days before the did date for bids. Sky had bid for absolutely everything." The Future Outlook for Cricket Broadcasting More than 20 years later, it remains one of English cricket's most divisive and controversial decisions. Did taking live cricket off free-to-air TV secure the future of the English game, or hold it back at exactly the moment it was ready to fly? "When they did the deal in 2004 for 2006 to 2009, they actually only got £55m per year," said Terry Blake, the TCCB's marketing manager and then ECB's commercial director between 1989 and 2003. "So for £10m per year more, which no doubt helped Giles Clarke secure his chairmanship for years to come, they moved it off free-to-air television altogether. I would turn it round and say: imagine the audiences we would have grown and the interest we would have had at the grassroots level had we stayed on free-to-air, even if we'd had to take a slight drop from the £45m per year [received from the 2002-05 deal with Sky and Channel 4]. Whatever money was put into the grassroots because of additional money from Sky, it could never replace the top-down approach." "The music, the graphics, the commentary team, the public's love of it – it had become really rather special," recalls Nicholas. "It was a bit of a cult. The coverage in 2005 was probably universally appreciated more than any other at that stage, so much so that even Kerry Packer in Australia was saying, 'How come they're doing it better than we're doing it?' When you give something such a deep dive, and you're going so well with it, and you feel like you've got so much left to do, it's difficult to stomach that the rights have moved on."
#Test Cricket #Sky Sports #Channel 4
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Entertainment Jun 04, 2026

Marjane Satrapi, Creator of Persepolis, Dies at 56

French-Iranian artist and filmmaker Marjane Satrapi, renowned for her graphic novel Persepolis, has…
The Passing of a Literary IconMarjane Satrapi, the French-Iranian artist, film-maker and graphic novelist whose acclaimed memoir Persepolis helped reshape international perceptions of Iran, has died at the age of 56. In a statement provided to French news agency AFP, relatives said she had "died of sadness" after the death of her husband, the Swedish producer Mattias Ripa, who passed away on 8 April last year.A Life of Art and ResistanceBorn in 1969 in Rasht, Iran, near the Caspian Sea, Satrapi was raised in Tehran by her father, an engineer, and her mother, a dress designer. As a teenager, she left Iran after her parents sent her to Europe to continue her education, hoping to spare her from the restrictions imposed under the Islamic Republic. She eventually settled in France, arriving in 1994 and later becoming a French citizen in 2006.Throughout her life, Satrapi was a vocal opponent of Iran's clerical establishment. In 2000 she published Persepolis, a comic book memoir that became an international publishing phenomenon. It told the story of a rebellious and outspoken young girl navigating the upheaval in Iran after the shah is overthrown in 1979 and the establishment of the Islamic Republic.The Impact of PersepolisThe memoir sold millions of copies, established Satrapi as one of the most widely read Iranian authors in the world, and its success challenged many western assumptions about Iranian society and culture. Satrapi later co-directed the animated film adaptation of Persepolis, which became an international hit and earned her a place in Oscar history as the first woman nominated for the Academy award for best animated feature.Satrapi has described how she initially had little expectation that Persepolis would reach publication. At the time, she was still an arts student in Strasbourg and had relatively limited professional experience in comics. "With Persepolis, I didn't even think I'd find a publisher," she said in a 2020 interview. "I thought I'd make 50 photocopies for my friends to read."A Voice for Iranian WomenSatrapi went on to direct five feature films, including Radioactive (2019), starring Rosamund Pike as the pioneering scientist Marie Curie. After leaving comics for years, in 2024, she returned to the medium, coordinating Woman, Life, Freedom, a collaborative graphic work bringing together 17 Iranian and international comic artists alongside academics and researchers. The book examined the protest movement that emerged after the death in custody of Mahsa Amini, a 22-year-old Kurdish-Iranian woman detained in 2022 for allegedly failing to comply with Iran's mandatory headscarf rules.Discussing the book, Satrapi said: "The only thing I can do is cultural work ... This book is a message to the Iranian people to say, listen, you are not alone."A Legacy of Freedom and ExpressionTributes have been paid to Satrapi from across French politics and culture following news of her death. President Emmanuel Macron said Satrapi was "a great artist who turned her Iranian childhood into a universal tale," adding: "With her childlike perspective, her irony, her tenderness, her inner demons, the author created a moving world with which readers identified."French journalist Tristane Banon paid tribute to Satrapi on X, writing: "Marjane ... you won't call me to wish me a happy birthday and 'celebrate those little cheeks that I adore'... and I can't get over it. You were freedom and determination. Courage too. One day, the Iranian people will be free, with you and as much as you."
#Marjane Satrapi #Persepolis #Iran
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Business Jun 04, 2026

UK Car Sales Reach Post‑Covid High as Chinese EV Makers Surge

UK car registrations in May 2026 jumped 7% to 160,662, the strongest monthly total since before the…
UK car registrations in May 2026 rose 7% to 160,662, marking the strongest monthly total since before the Covid pandemic and highlighting the accelerating shift toward electric vehicles.Chinese EV Brands BYD and Chery Lead the RecoverySales from Chinese manufacturers powered the overall increase, with BYD delivering 5,200 cars and Chery selling 8,200 across its Chery, Jaecoo and Omoda lines. Other Chinese‑owned brands also posted notable gains:MG (SAIC) – ~7,500 units, up 13%Leapmotor – 900 units (nearly zero a year earlier)Geely – 1,100 units (nearly zero a year earlier)Numbers Reveal a 7% Rise and EVs Capture Over 27% of the MarketTotal registrations: 160,662 (+7% month‑on‑month)Battery‑electric cars: > 27% of all salesTesla’s UK sales jumped 45% in May, though annual growth is only 3%Why the UK Market Is Favoring Chinese Imports and Electric VehiclesThe UK has not imposed punitive tariffs on Chinese car imports, allowing manufacturers to price competitively. At the same time, consumer demand for low‑emission vehicles has been boosted by:Government EV grants introduced in July 2025Rising fuel prices linked to geopolitical tensions (US‑Israeli war in Iran)Private buyers, rather than corporate fleets, driving the strongest May increase since 2019Future Outlook: Chinese EV Momentum and UK Emissions TargetsAnalysts expect the Chinese EV surge to continue, pressuring the Society of Motor Manufacturers and Traders (SMMT) and the government to revisit the zero‑emission vehicle (ZEV) sales targets. While the official target sits at 33% of new sales, industry think‑tank New AutoMotive estimates a realistic goal of 24.6% due to built‑in flexibilities. Ongoing lobbying for weaker targets suggests a potential policy shift, but strong consumer momentum is likely to keep electric‑vehicle market share on an upward trajectory.
#BYD #Chery #Tesla
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Sports Jun 04, 2026

Top-Ranked Sabalenka Mentally Crumbles as French Open Exit Prompts 'Quit' Thoughts

World number one Aryna Sabalenka suffered a dramatic mental collapse at the French Open, letting a …
The Lead: Top Seed's Mental BreakdownAfter letting another big lead slip with an error-strewn performance at the French Open, top-ranked Aryna Sabalenka felt like getting as far away from the courts as possible. "Just want to quit tennis right now," Sabalenka said after wasting a lead of a set and two breaks in a 3-6, 7-5, 6-0 loss to Diana Shnaider in the quarterfinals.The Mental Collapse: From Victory to DespairSabalenka's wait for a first French Open title continues despite the four-time major winner leading 4-1 in the second set and being two points from victory while serving for the match at 5-4. What followed was a complete collapse as she lost 12 of the last 13 games against a player appearing in her first Grand Slam quarterfinal, looking increasingly frustrated and forlorn in the windy conditions."We'll see in a few days. Hopefully, I'll get back on track mentally," Sabalenka admitted after the match. "You know those rooms where you just go in and you smash everything. Probably I will spend a whole day over there destroying stuff. Maybe it will help, maybe not."Her struggles were reminiscent of the match against Coco Gauff in last year's final, when she won the first set before becoming undone with a slew of unforced errors. "I just have to sit back and openly think about what's going on in my head in those tough moments," Sabalenka said. "Because I'm quite an experienced player. I have been through so many things, and I [have] overcome so many things."The French Open Upset: A Tournament of SurprisesIt was another big upset in a tournament filled with them, with defending champion Gauff (third round) and four-time winner Iga Swiatek (fourth round) already out. Jannik Sinner, last year's men's singles runner-up, served for the match in a second-round defeat, and 24-time major winner Novak Djokovic wasted a two-set lead in a third-round loss.According to sports analytics company Opta, this year's French Open is the first major tournament without a former men's or women's singles major champion in the semifinals since the 1977 French Open. The unseeded Chwalinska came through three qualifying rounds to become only the second Polish woman to reach the semifinals at Roland Garros, along with Swiatek."It was such an impressive run, you know," Chwalinska said of British player Emma Raducanu's run to the 2021 US Open title as an 18-year-old qualifier. "Also, she was so young."The Path Forward: New Faces EmergeShnaider next faces Maja Chwalinska, who extended her remarkable Roland Garros run by beating 22nd seed Anna Kalinskaya 7-6 (3), 6-3. Chwalinska's total prize money heading into Roland Garros was $864,030, and reaching the last four here earns her 750,000 euros (about $872,000).In the men's quarterfinals, 10th-seeded Flavio Cobolli beat number four Felix Auger-Aliassime 4-6, 6-4, 6-4, 6-4 and will face fellow Italian Matteo Arnaldi for a spot in the final. Second-seeded Alexander Zverev and number 26 Jakub Mensik will meet in the other semifinal.For Sabalenka, the challenge now is not just physical but mental. "I just think it's [a] combination of everything," she lamented. "You overthink, then you make easy mistakes, then you miss opportunities."
#Aryna Sabalenka #French Open #Diana Shnaider
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Business Jun 04, 2026

SpaceX Targets Record‑Breaking $1.78 trn IPO Amid Overvaluation Concerns

SpaceX has filed to raise up to $86 bn at a $1.78 trn valuation, which would become the world’s lar…
The Record‑Breaking IPO PlanSpaceX filed paperwork on 4 June 2026 to launch an initial public offering that could value the company at $1.78 trn, eclipsing the 2019 Saudi Aramco float. The filing outlines a primary raise of $75 bn, with an optional increase to $86 bn if underwriters exercise their share‑sale option.Financial Snapshot: Valuation vs RevenueNet loss in 2025: $4.94 bnRevenue 2025: $18.67 bn (up 33% YoY)Proposed valuation multiple: > 90× annual revenueBy contrast, Morningstar’s discounted‑cash‑flow model places the firm at roughly $780 bn, less than half of the IPO price.Market Reaction and Overvaluation WarningsMorningstar’s senior analyst Michael Hewson called the valuation “significantly overvalued,” suggesting investors may find “more attractive levels after the IPO.” The firm’s warning highlights the gap between the proposed price and traditional profit‑based multiples.“We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO.” – MorningstarImplications for the Space Economy and InvestorsListing would give SpaceX fresh capital and provide “exit liquidity” for insiders, allowing pension funds and index trackers to acquire stakes in Musk’s broader ambitions, including orbital AI data centres and the Starlink network.Outlook: What Could Happen After the Float?Analysts warn that the lofty price could deter participation, risking an undersubscribed offering. If the IPO proceeds, the company could join the Nasdaq, further legitimising the commercial space sector, but the long‑term price trajectory will hinge on whether revenue growth can close the gap to the $1.78 trn benchmark.
#SpaceX #Elon Musk #Morningstar
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