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June 12 (Reuters) – SpaceX made its stock market debut on Friday,as investors backed CEO Elon Musk’s vision for an empire stretching from reusable rockets to orbital AI at a valuation that ranks among the world’s biggest. Here is a timeline of SpaceX’s journey to the blockbuster IPO: March 2002 – Elon Musk starts SpaceX using money he made from the sale of PayPal. March 2006 – SpaceX launches its […]

NEW YORK, June 12 (Reuters) – SpaceX traded higher in its Nasdaq debut on Friday, a day after pricing its record $75 billion IPO. Thursday’s pricing gave Elon Musk’s space, communications and AI firm a $1.77 trillion valuation, the largest ever in an initial offering; trading after the open on Friday pushed that figure above $2 trillion.  MARKET REACTION: SPACEX: Shares opened at $150 late on Friday morning, 11% above […]

By Amanda Cooper and Dmitry Zhdannikov LONDON, June 12 (Reuters) – The extreme volatility of global oil prices has drained liquidity from the market this year at the fastest pace on record, as investors have become increasingly wary of committing cash to an asset that has become hostage to U.S. President Donald Trump’s daily social media posts on the Iran war. Liquidity, or how well matched the number of buyers […]

By Alex Lawler and Dmitry Zhdannikov LONDON, June 12 (Reuters) – Since the start of the Iran war and Tehran’s announcement that the Strait of Hormuz was “closed”, the market has grappled to put a figure on lost crude supply and to predict the price of oil. Initial calculations were simple: add up all non-Iranian Gulf crude oil exports, some 12 million to 15 million barrels a day, and you […]

SARAJEVO, Bosnia-Herzegovina (AP) — The opening lyrics couldn’t be plainer: “I am from Bosnia; take me to America.” But by rewriting its classic “USA,” the Bosnian band Dubioza Kolektiv has transformed a song about disillusionment with the American Dream into a viral anthem powering Bosnia-Herzegovina’s own World Cup dreams. On the eve of Friday’s match between Bosnia and Canada, members of the genre-bending rock group met The Associated Press in […]

LONDON (AP) — British Prime Minister Keir Starmer vowed Friday that he will fight to stay in office after the sudden resignation of his trusted defense minister left his shaky leadership weakened still further. Starmer has seen the departure of several junior and senior ministers in recent weeks, as Labour Party lawmakers revolt and rivals plot, in despair at the government’s relentless unpopularity. But the sudden resignation of Defense Secretary […]

TRENTON, N.J. (AP) — Rosie Pino, a Clifton City, New Jersey, councilwoman, has won the Republican primary in the state’s 9th Congressional District to take on Democratic Rep. Nellie Pou. Pino defeated attorney Tiffany Burress in the northern New Jersey district, where Pou is seeking a second term. The Associated Press called the race for Pino on Friday. The district is being watched closely, particularly by Republicans, who saw an […]

TOLEDO, Ohio (AP) — Police in Ohio have arrested a suspect in a shooting that wounded 12 people at a crowded neighborhood street festival last weekend. Eljay Crisp-Carr, 20, was taken into custody Thursday and charged with 11 counts of felonious assault. Court documents do not list an attorney for him and no one answered a call to a phone number associated with him Friday morning. The gunfire broke out […]

BRUSSELS (AP) — NATO’s top military officer is weighing alternative plans to defend Europe should it come under attack from Russia, after the United States announced that it is cutting the number of aircraft and warships that it would provide in a security crisis. The so-called NATO Force Model is Plan A for making forces from the 32 member nations available in times of peace, crisis or war. It sets […]