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World Wide May 29, 2026

Israel Strikes Building in Gaza’s Shati Refugee Camp

On May 29, 2026, Israeli forces hit a building in the Shati refugee camp in Gaza, prompting fresh c…
Immediate Aftermath of the Shati Camp Strike At 16:10 GMT on May 29, 2026, Israeli air power targeted a structure within Gaza’s Shati refugee camp. Local reports indicated emergency services rushing to the site, while residents expressed alarm over the renewed violence in a densely populated area. Details of the May 29 Strike on Shati Refugee Camp Location: Shati refugee camp, northern Gaza Strip Target: Unspecified building; Israeli military statements cited a "militant" presence Time: Approximately 16:10 GMT Source: Al Jazeera reporting Casualty Figures and Material Damage Reported Official casualty numbers have not been released at the time of writing. Preliminary eyewitness accounts mention possible injuries, but verification is pending from humanitarian agencies. The extent of structural damage remains to be assessed. Regional Implications for the Gaza Conflict The strike adds another flashpoint to an already volatile cease‑fire environment. Targeting a refugee camp raises international humanitarian concerns and could influence diplomatic pressure on both sides. Neighboring states and UN bodies are likely to call for restraint and an independent investigation. Possible Trajectory of Hostilities Following the Strike Analysts warn that the incident could trigger retaliatory actions from Gaza‑based groups, potentially escalating air‑to‑ground exchanges. However, the lack of confirmed casualties may temper immediate large‑scale responses. Monitoring of subsequent Israeli statements and Hamas communications will be critical to gauge the next phase of the conflict.
#Israel #Gaza #Shati Refugee Camp
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Tech May 29, 2026

Blue Origin's New Glenn Rocket Explodes During Florida Test

Blue Origin's New Glenn rocket exploded during a test in Florida, calling it an 'anomaly' while con…
The LeadBlue Origin's New Glenn rocket exploded during a test in Florida on Thursday, an incident which the aerospace company called an "anomaly." All personnel have been accounted for, and the company has promised to provide updates as they learn more about what caused the explosion.The Explosion DetailsA livestream posted by NSF, an aerospace news organization, captured the fiery plume of the explosion. Homes shook in nearby Cape Canaveral and Cocoa Beach around 9pm, with residents turning to social media to ask what happened. Cape Canaveral Space Force Station's Launch Complex 36 is visible from the beach, and the internet quickly filled with photos of the orange fireball. Emergency officials confirmed there was no threat due to fumes or other potential hazards.Recent Setbacks for Blue OriginThis explosion marks another setback for Blue Origin, which is owned by Amazon founder Jeff Bezos. The New Glenn rocket was already grounded in April, as the Federal Aviation Administration required Blue Origin to investigate an engine mishap. The FAA has not yet commented on whether Thursday's explosion will trigger another investigation.Industry Competition ImplicationsThe incident comes at a critical time for Blue Origin's space ambitions. Earlier this week, NASA announced it had chosen Blue Origin over Elon Musk's SpaceX to conduct the first of three uncrewed lunar missions this year to kickstart construction of a $20 billion moon base. Both companies are competing to provide crew landers for upcoming Artemis missions, including the planned 2028 return of humans to the moon on Artemis IV. Both companies have built large new facilities in or close to Cape Canaveral's Kennedy Space Center to support crewed and cargo missions in partnership with NASA.Future Outlook for Blue OriginDespite the explosion, Blue Origin's space ambitions remain significant. The company has a vested interest in space tourism, having sent an all-female, star-studded crew including Gayle King and Katy Perry into space last April. Elon Musk, whose SpaceX lost the NASA contract to Blue Origin, commented on the incident, writing "Most unfortunate. Rockets are hard." This latest explosion may delay Blue Origin's timeline but is unlikely to derail their long-term space exploration goals, though it may create opportunities for competitors like SpaceX to gain ground in the increasingly competitive private space race.
#Blue Origin #Jeff Bezos #New Glenn
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Sports May 28, 2026

Canada's World Cup 2026 Strategy: High Hopes Despite Historical Winless Record

As co-hosts of the 2026 World Cup, Canada enters the tournament with high expectations despite neve…
The Plan for World Cup Glory As co-hosts, Canada enter the World Cup with high expectations, despite never winning a match at a previous tournament. Since a Concacaf Nations League semi-final defeat to Mexico in March 2025 the team have lost one of 15 matches at the time of writing, a run that has included some excellent opponents such as Colombia, Ecuador, Ukraine and the USA, whom they have defeated twice in the past two years, including their first win on US soil in 57 years. The coach, Jesse Marsch, has maintained a consistent 4-4-2 with the emphasis on pressing from the front and pace in wide positions. "Some teams press to win the ball back, we press to punish and think about scoring immediately when we recover the ball," said Marsch, who is American, but has captured the hearts of many Canadians since he took the job in May 2024 and guided the team to the semi-finals of the Copa América. Canada's World Cup Schedule 12 June v Bosnia and Herzegovina, Toronto (3pm local, 8pm BST) 18 June v Qatar, Vancouver (3pm local, 11pm BST) 24 June v Switzerland, Vancouver (noon local, 8pm BST) Success at that tournament, and subsequently in friendlies, is based on a defensive structure Marsch worked on immediately when taking the job and playing against the Netherlands and France in his first two matches in charge. Nine clean sheets in 13 matches before the pre-tournament friendlies is even more impressive considering Moïse Bombito, their star centre-back from Nice, and Bayern Munich's Alphonso Davies did not play in any of those matches because of injury. The Coach's Vision Jesse Marsch's first venture into international management has been a successful one, but not one he found easy to adjust to. "From the moment I worked with this group of players in the first camp, I knew I was going to fall in love with these guys," he says. "They are a unique group of really good people, who are very talented, and when I said goodbye to them it was different from what I was used to as a head coach in the club game." Marsch has enjoyed those gaps in his schedule, using time to visit Canadian players across the world and spending a lot of time in the country at the provincial level to help bring a more united approach to the way the game is developed and governed. Star Player's Return Questioned The captain, Alphonso Davies, has not played for Canada since tearing his ACL against USA in the Nations League third-place match last March. Whether to play him at left-back or on the wing has been one of the biggest questions for years, but under Marsch the Bayern Munich man has predominantly been used at the back and has been excellent. However, another injury setback, against Paris St-Germain in the Champions League semi-final second leg – his third in the past three months – has put his participation for the opening game against Bosnia and Herzegovina in doubt. He has started 12 of 29 internationals in the Marsch-era at the time of writing. One to Watch Few players have received more work and attention from his national coach than the midfielder Ismaël Koné, who was dropped during the Copa América as he struggled to make an impact. Since then he has been excellent for Sassuolo in Serie A and has turned into a dynamic box-to-box midfielder for Marsch, learning valuable lessons defensively in Italy, where his discipline and tactical concentration has improved significantly. Expected to start next to the excellent Stephen Eustáquio in a key double-pivot tandem for Canada. Unsung Hero Norwich's Ali Ahmed has become a favourite of Marsch's because of his selfless work on the pitch. Ahmed is asked to lead the press on the left wing, often cutting inside to increase the midfield numbers and bring intensity and energy off the ball. One of the reasons Marsch has not deployed Davies further forward is because he views his team without the ball more than with it and in that vision the former Vancouver Whitecaps man is crucial. Probable Starting XI Canada's likely formation for the World Cup matches will be based on the 4-4-2 system that Marsch has consistently employed, with specific attention to defensive structure and pressing from the front. Fan Expectations Canada is ready to host the world, but the attention is more on this team than other games happening in the country. Being the only side to start on the east coast and move directly to the west coast allows fans in Toronto and Vancouver to watch their team in the group stages. The supporters group The Voyageurs will lead the noise with their flags and chants of "Ooh, Ahh Canada". Canada is known for its cosmopolitan population and cultural diversity, with people from all over the world, and should benefit from playing three group opponents with relatively diverse fan bases.
#Canada #World Cup 2026 #Jesse Marsch
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Tech May 28, 2026

RSI is the new AGI — and it's just as hard to pin down

Recursive self-improvement (RSI) has become the latest buzzword in AI, with researchers and startup…
The Rise of Recursive Self-Improvement in AIThe word "recursion" is the latest buzzword in AI circles. Two separate startups have taken on the name, and many more have started referencing recursive self-improvement (RSI) in their roadmaps. Like AGI before it, RSI has become a three-letter byword for a cataclysmic AI takeoff – even if there's still a little disagreement about what it exactly means.In basic terms, RSI refers to an AI system that can continuously upgrade itself. Once AI systems can manage the upgrade cycle better than humans, the process can become a closed loop, limited only by the compute power they can access, and humans are no longer necessary or even helpful.Scary or not, that's a vision that a lot of AI labs are eager to chase.Key Players Pursuing Recursive SystemsEarlier this month, well-known AI researcher Richard Socher launched the aptly named Recursive Superintelligence with RSI as an explicit goal. "Our main focus is to build truly recursive, self-improving superintelligence at scale," Socher told TechCrunch at launch, "which means that the entire process of ideation, implementation, and validation of research ideas would be automatic."A number of other prominent researchers are already chasing that same goal, hoping for a breakthrough that will make recursive self-improvement possible.One of the most prominent is Andrej Karpathy, a legendary figure from Tesla and OpenAI, who is using agent swarms to train LLMs on simple tasks for a project he calls Auto-Research. Karpathy has been unusually open about the project, tweeting about milestones regularly and making the building blocks available through a public GitHub repo. So far, the work has mostly been confined to making minor improvements on a GPT-2 scale model — as Karpathy noted in March, "It's not novel, ground-breaking 'research' (yet)" — but it's been enough to convince lots of other researchers to follow the RSI dream. And with Karpathy now working on pre-training at Anthropic, he will have plenty of opportunity to apply the idea at a larger scale.Adaption — founded by Cohere and Google alum Sara Hooker — recently launched a similar tool called AutoScientist in an effort to automate frontier training. Like Karpathy's auto-researchers, the system trains agents to make incremental improvements — but for Adaption, the goal is to make it easier to train a full-scale frontier model. If those same researchers start to push the frontier forward, the system could quickly spiral into something very much like RSI.Disarray founder Doris Xin drew more specific RSI interest when her self-trained machine learning agent took home 28 medals in a recent Kaggle competition, beating out many human-trained agents. As she sees it, the major challenge is reliability."I would argue, given infinite compute and infinite time horizon, we are already there," Xin told me. "I want to make an argument that this is not a creative endeavor, really. It's just a lot of meat-and-potatoes engineering."The Current State of Self-Improving AIThere's also plenty of evidence that the AI industry isn't very close to recursive systems in any meaningful way — and is still grappling with talking to a wary public about its progress. So Google CEO Sundar Pichai basically admitted in a recent podcast interview."It's a continuum, and we are all definitely making progress," Pichai said. "But in the way people describe RSI, that would represent a next level of acceleration and would have a lot of implications, but we aren't quite there yet."But the continuum includes an awful lot of self-improving AI systems.In January, one of Anthropic's lead programmers for Claude Code estimated that "close to 100%" of his team's code was written by the tool — a frank admission that Claude Code was literally writing itself.Just because engineers are using an AI tool doesn't mean the tool can replace them — but Anthropic seems to be getting close to replacing engineers too. In a recent survey tied to the Mythos preview, five out of 18 Anthropic engineers believed that, with harness improvements, this version of Mythos could soon substitute for an L4 engineer — a midlevel programmer who can take on involved projects without supervision.Still, there were some of the same weaknesses you might expect."Some of Claude's major reported weaknesses compared to an L4 include: self-managing week-long ambiguous tasks, understanding org priorities, taste, verification, instruction-following, and epistemics," the report reads.In other words, its weaknesses are everything involved with self-direction, which is the cornerstone for RSI. But sure, for everything else, Claude is ready to step right in.Expert Perspectives on RSI TimelinesJust like the AGI term before it, the AI industry also can't tell us how far away it is from showcasing a meaningful recursive system. When Georgetown's Center for Security and Emerging Technology assembled a group of experts to study RSI last year, the group found a major split in assessments — some expecting an imminent "superintelligence" style explosion while others expected slower progress and an eventual plateau. But all agreed that recursion made the future especially difficult to predict.Helen Toner, director of CSET and a former board member at OpenAI, told TechCrunch that simply using AI tools to do AI research isn't enough to qualify as RSI. "They're just using AI for as much as they can," Toner told TechCrunch. "And I think that is different from the classic definition of RSI, which is really that there are no humans needed."Toner pointed to a recent post by METR's Ajeya Cotra, which distinguishes different milestones on the path to the AI research takeover. One step, which Cotra calls "adequacy," would come when the system can still perform research after all humans are removed — even if the resulting research isn't as valuable or efficient. "Parity" comes when an AI-only system is as good at research as a human-only system. "Supremacy," the final stage, comes when an AI-only system outperforms a collaborative system between humans and AI.Ultimately, Cotra concludes that AI is very close to the adequacy threshold of being able to produce some work on its own — similar to the incremental changes made by Karpathy's Auto-Research system. "I wouldn't be totally shocked if you told me this milestone had already passed, and I expect it to happen in the next couple years," Cotra wrote.She was less clear on when parity will come, but once it does, she thinks it would "massively accelerate the pace of AI progress, leading to AI research supremacy within another year."The Challenges Ahead for Recursive AIWith so much of AI built on scaling laws, there's a strong tendency to think RSI will follow the same curve. Toner thinks that many of those pursuing AI research and development via RSI "think of it as a pretty smooth ladder, where you can just keep scaling up."But even if AI researchers are able to make incremental improvements like Karpathy's auto-researchers, there will be larger challenges in handing off the whole process of research. Toner put it in terms of the history of computing, which has seen human beings handing off more and more of the process while still directing things from the top."We went from machine languages to assembly language and compiled languages; you're getting further and further from the guts of the computer," Toner said. "But the human is still, in some intuitive sense, running the show."Moving beyond that paradigm will take significant challenges, both in engineering and alignment. But even with the massive investments happening, there's no infinite compute available — and the basic trade-off between human labor and machine intelligence will be hard to overcome.The Future of Recursive Self-ImprovementAs for a total recursive AI system of apocalyptic visions? The only thing researchers essentially agree on is that, like AGI, it's not here yet.
#Recursive Self-Improvement #AGI #AI Research
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Entertainment May 28, 2026

Iceage’s ‘For Love of Grace & the Hereafter’ Marks a Streamlined Return to Punk

Danish post‑punk veterans Iceage release their sixth album, For Love of Grace & the Hereafter, shed…
Iceage’s sixth studio outing, For Love of Grace & the Hereafter (2026), arrives as a deliberate back‑to‑basics statement after years of genre‑spanning experiments. Frontman Elias Rønnenfelt describes the record as “immediate, urgent, raw and fast,” and the music delivers a lean, punchy experience that both honors and redefines their punk roots. The Album’s Core Vision: Stripping Back to Punk Essentials The new record is billed as a return to “punky first principles.” Songs like the opening blast “Ember” and the melodic “Star” showcase a disciplined songwriting approach, with tempo shifts and dynamic changes handled deftly. While hints of 50s rock‑’n‑roll, baggy‑era British alt‑rock, and even shoegaze surface, they are corralled into a cohesive, fast‑moving whole rather than a sprawling collage. Metrics of a Sixth Studio Effort Sixth full‑length album in the band’s discography. Released in 2026, following 2021’s Seek Shelter. Tracks such as “Holy Water” and “Mother‑of‑Pearl” blend lyrical bleakness with melodic hooks. Repercussions for the Danish and Global Punk Landscape By shedding the “unnecessary weight” of previous releases, Iceage sets a precedent for bands that have drifted into eclecticism. Their ability to stay “very good at what they do” while constantly shifting styles reinforces the notion that punk can evolve without losing its core aggression. The album’s streamlined sound may inspire a new wave of European punk acts to prioritize immediacy over genre‑blending excess. What Lies Ahead for Iceage and the Post‑Punk Frontier Given the band’s history of reinvention, the stripped‑down direction of For Love of Grace & the Hereafter could be a springboard for future explorations into even harsher, more minimalist territory. Listeners can expect Iceage to continue oscillating between raw punk fury and occasional genre flirtations, keeping the group in a perpetual state of creative flux.
#Iceage #For Love of Grace & the Hereafter #Elias Rønnenfelt
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Entertainment May 27, 2026

Jilly Cooper's Best Books Ranked

The Guardian ranks Jilly Cooper's best books, from 'Tackle!' to 'Jump!', highlighting classic theme…
The LeadJilly Cooper's novels have captivated readers with their blend of romance, humor, and social commentary. The Guardian has ranked her best books, providing insight into her writing style and popular themes. Exploring Jilly Cooper's NovelsCooper's works are known for their strong female characters, romantic storylines, and satirical portrayal of social classes. Her novels often explore themes of love, relationships, and personal growth. Classic Jilly Themes Underdogs triumph; dogs also triumph. Artistic people are naturally hornier; also, horn players. There's a white knight for even the unlikeliest damsel. Mothers and daughters in erotic contest. There's nothing more embarrassing than wanting to be posher than you are. The Books 10. Tackle! (2023)In the last of Jilly Cooper's Rutshire Chronicles, Rupert Campbell-Black, now 67, navigates life with his wife Taggie, who has cancer. The story follows their daughter Bianca's romance with a footballer and Rupert's attempts to keep them in the same postcode. 9. Appassionata (1996)This novel follows Marcus, Rupert's son, as he navigates his engagement to Abigail and his secret affair with a Russian ballet dancer. The book explores themes of love, identity, and social class. 8. Octavia (1977)Octavia is a rare example of a bad-girl heroine. Rich and selfish, she steals her friends' boyfriends until she meets her match in Gareth. The novel is a commentary on the conflict between independence and intimacy. 7. The Man Who Made Husbands Jealous (1993)This novel follows Lysander Hawkley, a difficult love interest, as he navigates his relationships with women. The story explores themes of love, sex, and relationships. 6. Class: A View from Middle England (1979)This nonfiction work explores the lives and mores of fictional characters, satirizing social classes. Cooper's eye for the vanities and delusions of the upper classes is particularly sharp. 5. Jump! (2010)In the ninth Rutshire novel, a familiar heroine navigates her flaws and finds love. The story is a classic example of Cooper's blend of romance and social commentary.
#Jilly Cooper #The Guardian #Books
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Entertainment May 27, 2026

Jamie Bell on Explicit Role in 'Half Man': 'Thank God for the Sex Scenes'

Actor Jamie Bell discusses his role in the explicit new drama 'Half Man,' revealing his relief at f…
The Explicit RoleNot many actors are relieved when they have to film an eye-poppingly explicit sex scene, but that was the case with Jamie Bell on Half Man. His role involved chemsex in saunas, dogging in car parks and illicit quickies in library loos. "Honestly, I was so grateful to be shooting that stuff and not fucking 16-page dialogue scenes, where you're emoting and it's so intense," says Bell. "On days when my character had to have sex with random people, I'd think: 'Thank God!' Frankly, it came as a welcome reprieve."The Creative PartnershipRichard Gadd's first TV show since the Emmy-gobbling global Netflix hit Baby Reindeer, Half Man chronicles the combustible, codependent relationship between two "brothers from another lover". Niall (Bell) is bookish, bullied and closeted. Ruben (Gadd) is the swaggeringly violent ex-con son of his mother's girlfriend. The six-part drama – which reaches its devastating finale next week – traces the inseparable duo's toxic relationship across three decades.The role of Niall was written specifically for Bell. "I didn't realise that when I initially read the scripts," says Bell. "But later, when I met Richard in Los Angeles to discuss it, he said he wrote it with me in mind. I was incredibly flattered … It's a sensory experience reading Richard's material. He truly takes you to those places in your own life. It probes experiences you've kept hidden away somewhere and chosen to forget."Character ComplexityHe was drawn to his Half Man character's complexity. "I thought: 'Woah, this man is on such a destructive downward spiral …' He's got everything he wanted in life but still can't accept who he is. Niall is living as several different people and he's not comfortable with any of them."Bell really empathised with gentle Niall being drawn to such an aggressive alpha male. "Ruben is this disaster of a man. A bull in a china shop, destroying everything and everyone in his wake. Why doesn't Niall step away? Partly self-preservation. Niall feels vulnerable whereas Ruben is intimidatingly powerful. He can be Niall's protector. People fear him. Because of that, Niall latches on to him almost parasitically. Ruben becomes his life support system. I understood that 100%."I grew up in an all-female household and did ballet, so I used to attach myself to tough, troubled guys too. Not my kind of crowd at all but I'd rather have them on my team than not."Themes of Toxic MasculinityNiall struggles with his sexuality to the extent that he undergoes conversion therapy. As a straight man, Bell felt an acute sense of responsibility portraying that. "It's the centre of the character," he says. "The basis of all his issues. I took that very seriously. Niall's self-hate goes beyond shame or societal pressure. Somehow, his own sexuality doesn't sit right within his worldview. That, to me, is beyond sad. 'Be yourself' is the simplest advice yet at times, the hardest to adhere to." As a result of his turmoil, Niall goes to some dark places sexually. "Because of his repression, everything is guarded and hidden. That becomes the excitement. It's an addiction. He gets a kick from dangerous sex."With its portrayal of male rage and damaged antiheroes, Half Man taps into debates about toxic masculinity. Does Bell believe his gender is in crisis? "Look at who are the majority transgressors in this world," he says. "It's men, on all fronts – not just misogyny but conflict, crime, everything. It's important to shine a light on that. The conversation is ongoing. Hopefully this show adds something."The ImpactIt's no-holds-barred TV, full of sex, violence and gut-punch plot twists. "It's a brutal, beastly thing that Richard has created," says Bell. "I'd be lying if I said it was easy or fun to make." Yet the show represents a significant moment in television, pushing boundaries in its depiction of complex male relationships and sexuality. Bell's performance as Niall, combined with Gadd's writing and performance as Ruben, creates a character study that resonates with contemporary discussions about identity, self-acceptance, and the destructive patterns that can emerge from unresolved trauma.
#Jamie Bell #Richard Gadd #Half Man
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Entertainment May 27, 2026

The Rise of Backrooms: How a 20-Year-Old Upended the Horror Movie Genre

The article discusses the success of the horror movie 'Backrooms', created by 20-year-old Kane Pars…
The Birth of Backrooms Chewetel Ejiofor has been on numerous movie sets, but 'Backrooms' was a unique experience. The film's set was a massive 30,000 sq ft labyrinth of corridors and chambers, all carpeted, fluorescent lit, and decorated with the same sickly yellow wallpaper. The Event Details The origin of 'Backrooms' began with a single photograph posted on a 4chan message board in 2019, inviting users to submit 'disquieting images that just feel 'off''. The image, of a vacant shop space in Oshkosh, Wisconsin, took on a life of its own in the 'creepypasta' realm, with people writing stories and expanding the imaginary realm into a universe of unsettling yet mundane 'liminal space'. The Data Analysis The 'Backrooms' YouTube shorts have garnered significant attention, with the first short uploaded in 2022 rapidly gathering a 'scariest video on the internet' buzz, reaching 20m views within two weeks and nearly 80m today. The r/Backrooms subreddit now has over 350,000 members, and a backrooms wiki catalogues reams of fan fiction, 100 different levels, and an index of 'entities' inhabiting them. The Impact Analysis 'Backrooms' challenges traditional horror movie norms, with its inhuman, depopulated soullessness. Parsons' unconventional approach and youth have been assets, allowing him to bring a fresh perspective to the genre. The film's success has also highlighted the power of online platforms in discovering new talent and fostering creative communities. The Prediction As the film industry continues to evolve, 'Backrooms' may signal a new wave of horror movies that leverage online platforms and tap into the creative potential of young, unconventional filmmakers. With Parsons' unique vision and approach, it's likely that 'Backrooms' will leave a lasting impact on the horror genre.
#Backrooms #Kane Parsons #Horror Movies
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Business May 27, 2026

SpaceX Prepares for Historic IPO Listing on Nasdaq

SpaceX, founded by Elon Musk, is set to list its shares on the Nasdaq in an initial public offering…
The SpaceX IPO: A Historic Listing on Nasdaq Tech billionaire Elon Musk’s SpaceX is preparing to list its shares on the US-based Nasdaq in what will be the most hotly anticipated initial public offering (IPO) in years. What is SpaceX? Founded in 2002 by Musk, now the world’s richest man, SpaceX is best known for designing and launching rockets, spacecraft and reusable launch vehicles. Since 2006, the company has partnered with NASA to deliver cargo and crew to the International Space Station (ISS). The Texas-based company has also launched rockets, satellites and spacecraft for various private companies. As well as its aerospace business, SpaceX provides internet services and artificial intelligence platforms through its dedicated divisions, Starlink and xAI. The Significance of the SpaceX IPO The IPO will be listed under “SPCX” on the Nasdaq, which is home to such corporate behemoths as Nvidia, Apple and Microsoft. While SpaceX has not officially confirmed the date of its public debut, multiple media reports have said it is planning to do so as early as June. Following the IPO, members of the public will be able to buy and sell SpaceX shares on the stock exchange. Why is the SpaceX IPO such a Big Deal? It is widely expected to be the largest IPO in history, and is likely to make Musk the world’s first trillionaire. The firm is aiming to raise upwards of $80bn for a market valuation of between $1.75 trillion and $2 trillion, according to media reports. Twenty-three financial institutions, including Goldman Sachs, Morgan Stanley, Citigroup, JP Morgan and BofA Securities, are underwriting the deal. Financial Performance and Future Outlook SpaceX achieved revenue of $18.6bn in 2025, up from $14bn the previous year, but suffered a net loss of $4.9bn. In the first quarter of this year, the company reported $4.7bn in revenue but made a net loss of $4.3bn. Analysts have linked some of the losses to SpaceX’s decision to acquire xAI in 2025.
#SpaceX #Elon Musk #IPO
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