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According to reports from Bloomberg and the Wall Street Journal, SpaceX has quietly lodged a confidential registration statement with the U.S. Securities and Exchange Commission, signaling its intention to go public. The filing could set a valuation ceiling of $1.75 trillion, positioning the offering among the most valuable ever attempted. Regulators will now review the disclosed financials before the prospectus becomes public. Analysts anticipate that the IPO could be priced as early as June 2026, a timing that aligns with what industry observers describe as a “banner year” for mega‑cap listings. The move also coincides with rival AI firms—OpenAI, which recently closed a $122 billion funding round, and Anthropic—preparing their own public debuts. SpaceX’s parent, Elon Musk, already the world’s wealthiest individual, stands to increase his net worth further, potentially edging toward the elusive trillion‑dollar milestone. The public offering would also provide a clearer picture of a company that has become the cornerstone of both commercial spaceflight and satellite broadband. Beyond rockets, SpaceX’s Starlink satellite network now accounts for more than half of the firm’s revenue, according to Reuters. The service not only fuels the company’s earnings but also extends Musk’s geopolitical influence, with customers ranging from the Ukrainian military to remote communities worldwide. In February, SpaceX completed the acquisition of Musk’s artificial‑intelligence venture xAI, a deal that valued the AI unit at roughly $250 billion. The purchase is tied to plans for solar‑powered data centers in orbit, intended to meet the soaring compute and energy demands of the AI boom. The company’s financial details remain tightly guarded, and a full disclosure is expected only after the SEC clears the filing. International banks, including the UK‑based Barclays, have been tapped to manage the offering, underscoring the global scale of the transaction. SpaceX’s deepening ties with the U.S. government—spanning defense contracts and the majority of NASA’s launch schedule—further cement its strategic importance. As the firm pivots toward orbital data centers and supports NASA’s upcoming lunar missions, the traditional narrative of colonising Mars has taken a back seat.

America faces an unprecedented concentration of wealth: the richest 1% now control more assets than the bottom 93% of households, and a single individual, Elon Musk, with a net worth of $805 billion, holds more wealth than the lower‑half of the population combined.Recent tax policies have amplified this gap. In the year following the largest tax cut in U.S. history, 938 billionaires added $1.5 trillion to their fortunes, while President Trump and his family saw a modest increase of $4 billion. Four Wall Street giants—BlackRock, Vanguard, Fidelity and State Street—own stakes in more than 95 % of publicly traded companies, cementing corporate dominance across the economy.Political influence mirrors financial power: by the 2026 midterms, just 50 billionaires had poured over $433 million into campaign activities, shaping policy to protect their interests.Meanwhile, the average American worker is earning roughly $20 per week less than in 1973 after inflation adjustment, despite decades of productivity gains. The Rand Corporation estimates that $79 trillion has shifted from the bottom 90 % to the top 1 % over the past half‑century.Economic hardship is widespread: 60 % of households live paycheck to paycheck, nearly half of older workers lack retirement savings, and over 20 % of seniors survive on less than $15,000 annually. Health‑care insecurity affects 85 million Americans, with more than 500,000 filing for bankruptcy each year due to medical debt.At the heart of the problem is a tax code engineered by the affluent. Billionaires now pay lower effective rates than typical workers. For example, Musk’s tax rate sits below 3.3 % compared with an 8.4 % rate for a truck driver; Jeff Bezos paid under 1 % versus 8.7 % for a firefighter; Michael Bloomberg’s rate was 1.3 % against 13.3 % for a registered nurse; and Warren Buffett’s rate was a mere 0.1 % while a schoolteacher paid nearly 10 %.Corporate tax avoidance compounds the issue. After a $900 billion corporate tax break, major firms such as Tesla, SpaceX, Palantir, Ticketmaster and the parent of Taco Bell, Pizza Hut and KFC reported zero federal income tax despite generating over $17 billion in profit.Public sentiment is shifting. In California, voters favor a billionaire tax by a two‑to‑one margin, and in New York City, 62 % back a 2 % surtax on the ultra‑wealthy. Nationwide, more than six in ten Americans believe the wealthy and large corporations pay too little.In response, Senator Sanders introduced legislation to impose a 5 % wealth tax on the 938 billionaires whose combined net worth exceeds $8.2 trillion. Over a decade, the measure would generate roughly $4.4 trillion.The first‑year rollout would deliver a $3,000 direct payment to every household earning $150,000 or less—equating to $12,000 for a typical family of four. Additional provisions include constructing 7 million affordable housing units, expanding Medicare to cover dental, vision and hearing, providing universal childcare, raising the minimum teacher salary to $60,000, and guaranteeing Medicaid‑funded home health care for seniors and people with disabilities.Crucially, the plan would reverse recent health‑care cuts that stripped coverage from 15 million Americans, ensuring no additional loss of insurance.Even if the tax were applied retroactively, the impact on the ultra‑rich would be modest relative to their fortunes: Elon Musk would owe an extra $42 billion, Mark Zuckerberg an additional $11 billion, and Jeff Bezos another $11 billion—figures that would barely dent their net worths.As Justice Louis Brandeis warned in 1933, “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we cannot have both.” Senator Sanders argues the choice is clear: a democratic economy that serves the many, not a plutocratic system that serves the 1 %.The wealthiest Americans must begin contributing their fair share.

The Strait of Hormuz, a vital passageway for nearly 20% of the world's oil supply, has become a focal point of geopolitical tensions. Any disruption in this waterway could have significant impacts on global energy markets. Three scenarios are emerging as possibilities for the Strait of Hormuz: 1. Increased Military Presence: An escalation in military presence from various nations could lead to a heightened sense of security but also risks accidental confrontations. 2. Diplomatic Efforts: Diplomatic channels could open up, aiming to de-escalate tensions through dialogue and negotiation, potentially leading to a more stable region. 3. Blockade or Closure: A blockade or closure of the strait could have severe economic consequences, including skyrocketing oil prices and disruptions to global supply chains. The situation in the Strait of Hormuz remains fluid, with global implications for energy security and international relations.

The United States Department of Defense has strongly denied allegations that a broker for Defence Secretary Pete Hegseth attempted to make a large investment in weapons companies in the run-up to the war on Iran. The denial comes after a report by The Financial Times claimed that a wealth manager for Hegseth contacted BlackRock about making a multimillion-dollar investment in a defence-related fund.Pentagon spokesman Sean Parnell demanded the immediate retraction of the report, stating that the allegations were 'entirely false and fabricated.' He emphasized that neither Secretary Hegseth nor any of his representatives approached BlackRock about any such investment.The proposed investment was reportedly in an exchange-traded fund whose holdings include Lockheed Martin and Northrop Grumman. However, according to The Financial Times, the investment did not go ahead because the fund was not yet available for purchase at the time.The report has sparked scrutiny of well-timed trades in financial and prediction markets, fueling speculation that figures with insider knowledge may be profiting from US President Donald Trump's war plans.Despite the denial, the incident has raised concerns about the integrity of defence-related investments and the potential for insider trading.

On 30 December 2023, Brooklyn‑based musician Wendy Eisenberg emerged from an all‑night rave in Bushwick feeling physically ill and mentally rattled. A spontaneous, anxiety‑driven walk that lasted the entire day became the catalyst for what Eisenberg later described as a personal “exorcism”.During the trek, an old friend suggested Eisenberg pick up a guitar, prompting the artist to return home and begin writing the material that would become their self‑titled album. Eisenberg recalled the intensity of Cat Power’s rapid‑fire creation of Moon Pix, noting that many of the new songs were drafted in a similar dream‑state over the following three to four months.Since the debut Time Machine, Eisenberg has built a reputation as a multi‑instrumentalist who oscillates between confessional folk and avant‑garde improvisation. Collaborator Bill Orcutt praised their guitar work as “musical MSG”, capable of elevating any ensemble. Yet the forthcoming record deliberately steps back from experimental excess, drawing instead on the playful melodies and graceful harmonies of 70s folk‑rock while retaining the ambition of earlier projects.The album’s orchestration, co‑produced with partner Mari Rubio (aka More Eaze), emphasizes beauty through complexity. Eisenberg explains that the “harmonic vocabulary reflects a newfound sense of comfort and happiness”, aiming for an “earned, adult sound of happiness” that mirrors the messy process of self‑acceptance.At the heart of the record lies a deeply personal narrative. A breakup that shattered Eisenberg’s sense of identity forced them to confront both heartbreak and the pressure to conform to “straight” norms. The experience sparked a decisive embrace of their queer, non‑binary, lesbian identity, a transformation Eisenberg describes as a “revelatory moment”.Music has long served as Eisenberg’s refuge; their father’s lullabies and an early fascination with Joni Mitchell, Gram Parsons, and the Everly Brothers laid the groundwork for a lifelong devotion to songcraft. After years of intensive study at the New England Conservatory and experimental collaborations, Eisenberg’s new work channels those influences into a more accessible, yet still richly textured, sound.Beyond the music, the album’s backstory includes an unexpected romance sparked by the British quiz show Only Connect. After meeting Rubio in August 2023, the pair bonded over the show on Valentine’s Day, leading to their first kiss and, months later, cohabitation. Eisenberg credits this partnership with providing the emotional stability needed to complete the album.Critics have already hailed the record as “one of the best things you will hear this year”, noting its blend of 70s singer‑songwriter sensibility with modern lyrical honesty. Tracks such as “Meaning Business” confront PTSD and past trauma, while others explore the joy of self‑realization.The album will be released on Joyful Noise on 3 April 2024, offering listeners a window into Eisenberg’s journey from “exorcism” to artistic renewal, and solidifying their place as a compelling voice in contemporary indie folk.

Dame Carole Jordan, who has died aged 84, was a prominent figure in astrophysics, celebrated for her groundbreaking research on the outer atmosphere of the sun and other cool stars. Her contributions to the field have left a lasting impact, and her legacy extends beyond her scientific achievements as a champion for women in science.Jordan's fascination with astronomy began at a young age, inspired by books from authors like Arthur Eddington and Fred Hoyle. She pursued her passion for astronomy at University College London, where she was interviewed by CW Allen, professor of astronomy, and offered a place. Her academic journey led her to become a leading expert in ultraviolet spectroscopy of the sun and other stars.In 1962, a rocket-borne experiment led by US astronomer Richard Tousey measured the EUV spectrum of the sun, discovering a dozen unidentified emission lines. Jordan dedicated her research to understanding these lines, eventually becoming the world expert on the subject. Her 1965 PhD thesis, Analysis of the Solar Ultraviolet Spectrum, concluded that several lines were due to transitions in highly ionized iron.Jordan's most-cited paper, The Ionization Equilibrium of Elements Between Carbon and Nickel, published in 1969, laid out the ionization equilibrium as a function of temperature for the main ionized states of common heavy elements. This work became a definitive guide to EUV spectroscopy. The launch of the International Ultraviolet Explorer (IUE) in 1978 enabled her to extend her analyses to other stars, solidifying her position as an expert on the chromospheres of cool stars.Jordan's achievements extended beyond her scientific contributions. In 1994, she became the first female president of the Royal Astronomical Society, a testament to her dedication to promoting women in science. She was also a staunch supporter of the Royal Astronomical Society, serving as secretary and vice-president of the Institute of Physics.Throughout her career, Jordan received numerous accolades, including the RAS's gold medal in 2005 and being made a dame in 2006. Her legacy serves as an inspiration to future generations of scientists, particularly women, to pursue careers in STEM fields.

Israel has announced plans to occupy swathes of southern Lebanon, aiming to expand its buffer zone and prevent the return of approximately 600,000 residents. The move has raised concerns of long-term forced displacement and potential war crimes.Defence Minister Israel Katz stated that Israel will control the area up to the Litani River, about 19 miles from the Israel-Lebanon border, and destroy homes along the border. This approach has drawn criticism from Human Rights Watch, which warns that such actions could amount to forced displacement and wanton destruction, both considered war crimes.The conflict escalated after Hezbollah launched rockets at Israel on March 2, prompting an Israeli military campaign in Lebanon. The immediate goal is to push Hezbollah back from the border to prevent rocket fire into northern Israel. Israeli Prime Minister Benjamin Netanyahu has instructed the military to expand the buffer zone, though specifics remain unclear.The situation on the ground is dire, with over 1,268 people killed in Lebanon by Israeli actions, according to Lebanon's ministry of health. Additionally, 10 Israeli soldiers have been killed by Hezbollah, and two civilians in northern Israel have been killed by Hezbollah rocket fire. The conflict has also resulted in over 1 million displaced people, with many lacking official state shelters.The international community has condemned the violence, with the UN undersecretary-general for peace operations, Jean-Pierre Lacroix, calling the attacks on peacekeepers “unacceptable incidents” that must stop. The EU and the UN Security Council have also responded, with the latter holding an emergency session at France's request.

Jannik Sinner reflected on his latest triumph at the Miami Open with a modest chuckle, insisting that tennis remains an individual sport. His decisive win over Jiri Lehecka not only secured the Sunshine Double—following his Indian Wells victory—but also extended a remarkable record: every tournament featuring both Sinner and Carlos Alcaraz since April 2024 has been won by one of the two. Sinner’s achievement marks his third consecutive Masters 1000 title and an astonishing 34 straight sets won at this level, underscoring his dominance over all challengers aside from his chief rival. After early‑season setbacks—losses to Novak Djokovic at the Australian Open and to Jakub Mensik in Qatar—Sinner and his team relocated to California for an intensive training block in scorching conditions, a strategy that paid dividends throughout March. “There is no secret behind it, just hard work,” Sinner said, noting his extended stay outside Europe and his eagerness to return home. Despite his focus on individual preparation, the broader narrative remains: the gap between Sinner, Alcaraz and the rest of the field continues to widen, with the two duopoly rarely challenged. On the women’s side, Aryna Sabalenka mirrored Sinner’s feat by completing her own Sunshine Double, albeit under markedly different circumstances. She entered the season having won 23 of her first 24 matches, and at Indian Wells she survived a match‑point against Elena Rybakina before edging Coco Gauff in a tense Miami final. Sabalenka’s recent evolution is evident both technically and mentally. After a series of high‑profile collapses in decisive moments—most notably at the Australian Open and the French Open—she adopted a self‑affirmation routine, repeatedly reminding herself of her strength. “Whenever I felt like doubting my ability, I was bringing myself back and reminding myself, ‘No, no, no, you’re strong enough,’” she explained. Her résumé now includes four Grand Slam titles, 11 WTA 1000 titles, and a cumulative 84 weeks at world No. 1. Financially, Sabalenka is on track to become the second female athlete ever to earn $50 million in prize money in a single year, trailing only Serena Williams. The Miami Open itself remains a paradox. While it draws a vibrant, international crowd—especially from Latin America—and offers a unique atmosphere, its temporary venue at Hard Rock Stadium is widely criticized as the tour’s least favorable setting, with sightlines compromised by the stadium’s layout. The tournament’s prestige has also been challenged by the rise of Indian Wells and the recent shift toward mixed‑gender two‑week events. As the tour transitions to the European clay season, the performances of Sinner and Sabalenka raise pivotal questions about the future hierarchy of tennis and the evolving relevance of historic events like Miami in a rapidly changing landscape.

Sweden has secured a spot in the World Cup after a thrilling match against Poland, culminating in a late winner by Viktor Gyökeres in the 89th minute.The match was marked by dramatic twists and turns, with Poland equalizing twice. However, Sweden's determination paid off when Gyökeres scored the winning goal, securing a 1-2 victory.Under the management of Graham Potter, Sweden displayed significant improvement from their earlier performances. Despite a rocky start to the qualifying campaign, they managed to turn their fortunes around, leveraging the Nations League repechage to gain a second chance.The turning point came when Sweden took the lead with a well-worked goal by Anthony Elanga, only for Poland to equalize. Sweden regained the lead with a header by Gustaf Lagerbielke just before halftime.Poland leveled again in the second half, but Sweden's strategy ultimately paid off with Gyökeres's late winner, sending the team to the World Cup.