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SpaceX, led by Elon Musk, is gearing up for a historic initial public offering (IPO) that could value the aerospace and artificial intelligence company at $2 trillion. As part of its efforts to raise $75 billion, potentially the largest public offering in history, SpaceX will host an event for 1,500 retail investors in June.In a departure from the norm, the company has allocated a significant portion of its shares, up to 30%, for non-professional, non-institutional investors. This move is seen as a bid to leverage Musk's popularity among individual investors. The process will begin with a 'roadshow' to bankers on June 7, followed by the retail investor event on June 11.Bret Johnsen, SpaceX's chief financial officer, emphasized that retail investors will play a critical role in this IPO, stating that they have been 'incredibly supportive' of the company and Musk. The offering will be open to investors from the UK, EU, Australia, Canada, Japan, and Korea.The company's revenue reached $15 to $16 billion last year, with Starlink, its satellite internet service, and contracts with the US government being major contributors. Analysts predict revenues could reach $20 billion in 2026, driven by growth in satellite and space ventures.SpaceX's ambitious plans include developing datacentres in space to address energy challenges through a constant supply of solar power. The company is working on Starship, touted as the world's 'most powerful launch vehicle,' which is expected to play a crucial role in these endeavors.

For Konstantin, a 53‑year‑old resident of St Petersburg, the war in Ukraine has become a literal scent in the air. Over the past fortnight he has repeatedly detected the acrid odor of burning crude, fuel and chemicals drifting from Ukrainian drone strikes on Russia’s two largest Baltic oil terminals. The facilities at Ust‑Luga and Primorsk together handle about 40% of Moscow’s seaborne oil exports and roughly 2% of global oil supply, according to the International Energy Agency. Both ports lie within 150 km of St Petersburg, making the smoke visible – and smelt – to locals. Ukrainian drones have flown more than 1,000 km from the front lines to strike storage tanks and loading infrastructure, igniting fires that have burned for days. The smell, described by Konstantin as a mix of diesel exhaust, burning plastic and rotten eggs, first appeared in late March. These attacks are a key element of Kyiv’s strategy to erode Russia’s “unexpected windfall” from oil exports, a revenue stream that has surged as the US‑Israel campaign against Iran pushed global oil prices higher. Satellite imagery shows extensive damage at both terminals, with Ust‑Luga’s sprawling processing complex blackened by fire. As a result, both ports are currently unable to dispatch cargo, forcing traders to reroute oil to smaller Baltic and Black Sea ports that lack the capacity to absorb the displaced volume. Financial analysts estimate that the disruption has already cost Moscow roughly $1 billion in lost export earnings, according to Bloomberg data released on March 31. Moreover, every $10 rise in global oil prices translates into about $1.6 billion of additional monthly income for the Kremlin. Russian officials have blamed European nations for allegedly facilitating the drone overflights, but Ukrainian experts dispute this claim. Andrey Pronin, a pioneer of Ukraine’s drone warfare, emphasized that the strikes are meticulously planned to stay within Russian airspace, bypassing air‑defence systems. Since the campaign began, Ukrainian forces have targeted 13 oil sites, seriously damaging at least eight refineries from the Baltic coast to the Volga region. The attacks are timed to coincide with the heightened profitability Russia enjoys from the Iran‑related oil price surge, according to researcher Nikolay Mitrokhin of Bremen University. Beyond the immediate economic impact, Kyiv views the strikes as leverage in negotiations with Moscow. President Volodymyr Zelenskyy has floated the idea of a temporary moratorium on attacks against Ukrainian energy infrastructure in exchange for concessions, though the strategy also inadvertently benefits Iran by sustaining higher oil prices. On the tactical side, Ukraine now relies heavily on FP‑1 drones produced by the domestic Firepoint company. These unmanned aircraft can carry up to 120 kg of explosives and travel roughly 1,500 km, enabling strikes deep inside Russian territory. For civilians living near the conflict zones, the nightly “fireworks” of explosions have become a grim routine. Abdulla, a Tatar resident of Crimea, described the constant shelling as a new normal, while analysts note that President Vladimir Putin remains resolute, using the ongoing talks with the White House as a diplomatic façade. Overall, the Ukrainian drone campaign illustrates how modern warfare increasingly intertwines kinetic attacks with strategic economic disruption, reshaping the dynamics of the Russia‑Ukraine war and its broader geopolitical reverberations.

Iran’s nationwide internet outage, which started on 28 February following the first US‑Israel strikes, has now stretched beyond 38 days, making it the most prolonged country‑wide shutdown since the Arab‑spring era. Authorities ordered a total cut‑off of global internet services on the day the conflict began, after a brief shutdown in January amid nationwide protests. More than five weeks without external connectivity has left most Iranians dependent on state‑run television and a single satellite channel for news. According to Amir Rashidi, director of the Iran‑focused human‑rights group Miaan, many citizens are unaware of the full scale of the war because “their only sources are Iranian state television and one satellite channel.” This limited media environment means Iranians receive information filtered through government agendas. Doug Madory, director of internet analysis at Kentik, noted that while sub‑national outages have occurred in places like Myanmar, Ukraine and Gaza, Iran’s shutdown is the longest and most severe at the national level since Libya’s six‑month blackout during the Arab Spring. Sudan’s 37‑day shutdown in 2019 is the only comparable recent case. In response, the regime has pushed users onto the National Information Network (NIN), a domestic intranet under development for 16 years. The NIN provides parallel services—local search engines, an Iranian‑styled streaming platform, and messaging apps—but operates under strict government monitoring. Platforms are known to hand over user data to authorities. A Miaan Group report highlighted that domestic search engines censor key terms. For example, searches for “war” or “ceasefire” on Gerdoo, Iran’s home‑grown Google alternative, return no results, while another local engine frames the conflict as a decisive Iranian victory. Circumventing the blackout is costly and risky. Some Iranians travel overland to Turkey to regain connectivity, while others purchase VPNs or special SIM cards on a hidden market at prices ranging from $6 to $24 per gigabyte—five to twenty times the global average—effectively turning internet access into a luxury commodity. Despite the human and economic toll, Miaan Group warns that the shutdown is likely to persist as the government continues to promote the NIN, even though many of its services remain unreliable or non‑functional. There is no clear indication that unrestricted internet access will be restored in the near future.

The missing crew member of a US F‑15E jet, described by President Trump as a colonel, was located and rescued after a heavy firefight that involved hundreds of special‑forces operators, according to a US official speaking to Al Jazeera.Trump has set a 48‑hour deadline for Iran to reopen the Strait of Hormuz, a vital chokepoint through which 20% of global oil and gas transits. Iran’s central military command dismissed the ultimatum as “helpless, nervous, unbalanced and stupid.”Iran reports that US‑Israeli strikes have killed five people and wounded 170 at the Mahshahr Petrochemical Zone, while more than 30 universities have been targeted since the war began on 28 February.The rescued airman was the second of the two‑person crew; Iran has not yet issued a comment, though officials had previously urged citizens to help locate the missing officer in hopes of gaining leverage against Washington.During the rescue operation, Iranian media said strikes killed five civilians in the southwest. The Islamic Revolutionary Guard Corps (IRGC) claimed it shot down a US aircraft searching for the officer near Isfahan and destroyed an MQ‑9 Reaper drone, labeling the US effort a “desperate attempt to cover up a huge defeat.”Additional US‑Israeli attacks in Ardabil province near the Azerbaijani border killed three people, and the IRGC warned that the United States’ “target bank is inaccurate,” dismissing Trump’s threats to strike bridges as “laughable.”Russia has evacuated another 200 staff from the Bushehr Nuclear Power Plant after a deadly perimeter attack, while Iran’s foreign minister warned that such raids could expose the region to radioactive contamination.Tehran’s prosecutor’s office ordered the seizure and freezing of assets belonging to more than 100 high‑profile individuals accused of supporting the enemy abroad.In the Gulf, Iranian drones damaged two Kuwaiti power and desalination plants, shutting down two electricity‑generating units but causing no injuries. Bahrain’s civil‑defence teams extinguished a fire at an unspecified facility, also without casualties. Abu Dhabi halted operations at Borouge’s petrochemical plant after debris‑induced fires, and the UAE’s air defences responded to missile and drone attacks aimed at its aluminium industry. Former IAEA director‑general Mohamed ElBaradei urged Gulf nations to act before the situation “turns the region into a ball of fire.”President Trump confirmed the rescue on Truth Social, calling it “one of the most daring Search and Rescue Operations in U.S. History.” Meanwhile, former Army chief of staff General Randy George submitted a farewell letter after his removal, and satellite‑imaging firm Planet Labs announced an indefinite blackout of Iranian and regional imagery at the request of the Trump administration. Two individuals claiming to be relatives of the late Iranian general Qassem Soleimani were detained in the US, though Iranian media later disputed the familial link.Israel reported intercepting a missile launched from Yemen—the fifth such attack since the war’s start—and the Houthis, together with Iranian forces and Hezbollah, claimed a joint long‑range strike on Lod airport. Explosions were heard over Jerusalem, and missile attacks on Tel Aviv and central Israel wounded five civilians.In Lebanon and Syria, Israeli forces bombed the town of Kfar Hatta in Sidon, struck the southern city of Tyre after issuing evacuation warnings, and caused casualties in Maarakeh, where at least five people were reported killed.Energy markets are under pressure: OPEC is set to meet to decide May output policy after a modest April boost of 206,000 barrels per day. The war has driven crude prices above $100 per barrel, up from $65 before hostilities. Italy’s Prime Minister Giorgia Meloni visited Saudi Arabia and Qatar and is expected to travel to the UAE as oil supplies remain disrupted. Japan’s Mitsui OSK Lines reported that its LPG tanker Green Sanvi resumed Gulf crossing after being stranded. Iran announced it would allow Iraqi vessels to transit the Strait of Hormuz despite maintaining a broader blockade, a move aimed at easing Iraq’s severe economic distress.

The conflict between Iran, the US, and Israel has taken a severe turn with a series of coordinated attacks on Iranian universities and infrastructure. A research center at Shahid Beheshti University in Tehran was recently bombed, leaving it in ruins. This attack is part of a larger pattern of civilian sites being targeted by the US and Israel. Over 30 universities have been impacted since the start of the war on February 28, according to Hossein Simaei Saraf, the Iranian minister of science, research, and technology. The attacks have not only damaged educational facilities but also research centers, including those working on domestically made satellites and infectious diseases. The Pasteur Institute in Tehran, a renowned center for vaccine development and biological products, was also attacked, sustaining significant damage and disrupting health services. The World Health Organization (WHO) confirmed the damage and noted that no casualties were reported. In addition to educational and healthcare facilities, over 20 healthcare facilities have been targeted since March 1, according to WHO Director-General Tedros Adhanom Ghebreyesus. The attacks have also affected schools, houses, and businesses, resulting in over 2,000 deaths and widespread destruction. The economic sector has not been spared, with petrochemical and steel factories being destroyed in recent bombardments. The US and Israel have also targeted critical infrastructure, including power plants and water desalination plants, which are civilian targets protected under international law. The Iranian government and the Islamic Revolutionary Guard Corps (IRGC) have vowed to retaliate and escalate attacks across the region. The situation has drawn international condemnation, with over 100 US legal experts expressing concerns about potential war crimes and violations of international humanitarian law.

Satellite‑imaging firm Planet Labs confirmed it will indefinitely suspend the distribution of visuals covering Iran and the wider Middle East conflict zone, responding to a direct request from the United States government.The California‑based company communicated the decision to its customers via email on Saturday, stating that the administration had asked imagery providers to impose an “indefinite withhold of imagery.”This restriction builds on a 14‑day delay introduced last month, which itself extended an earlier 96‑hour hold. Those temporary measures were intended to prevent hostile actors from exploiting commercial satellite data to target U.S. and allied forces.Planet Labs will withhold all imagery captured since March 9 and expects the policy to stay in place until the end of the war, which began on Feb. 28 when the United States and Israel launched aerial strikes against Iran. Since then, the conflict has escalated, with Iran firing missiles and drones at Israeli and U.S. assets and striking civilian infrastructure throughout the Gulf region.Founded in 2010 by former NASA scientists, the company said it will shift to a “managed distribution” model, releasing images only on a case‑by‑case basis for urgent, mission‑critical needs or when deemed to serve the public interest.“These are extraordinary circumstances, and we are doing all we can to balance the needs of all our stakeholders,” Planet Labs said in its statement.Satellite technology remains vital for military operations—supporting target identification, weapons guidance, missile tracking, and communications. Some space analysts warn that Iran could still access commercial imagery through adversarial channels, while journalists and researchers rely on such data to monitor hard‑to‑reach areas.

The deployment of reflective mirrors on satellites and the launch of thousands more satellites into low Earth orbit could have significant consequences for human health and ecosystems. Leading sleep and circadian rhythm researchers have raised concerns about the potential disruption to natural night-time light environments.The US Federal Communications Commission (FCC) is considering plans by Reflect Orbital to illuminate parts of the Earth at night using reflective satellites, as well as applications from SpaceX that could dramatically expand satellite numbers in low Earth orbit.2,500 researchers from over 30 countries have expressed concerns that altering the light-dark cycle could disrupt biological clocks that regulate sleep and hormone secretion in humans and animals, migration in nocturnal species, seasonal cycles in plants, and the rhythms of marine phytoplankton.Prof Charalambos Kyriacou, president of the European Biological Rhythms Society (EBRS), emphasized that "plants need the night" and that eliminating it could have global implications for food security.Reflect Orbital aims to use satellites equipped with large reflective mirrors to redirect sunlight onto areas roughly 5km to 6km wide "on demand", with brightness adjustable "from full moon to full noon".Meanwhile, SpaceX has proposed launching up to 1m satellites to create a giant solar-powered computing network in orbit designed to run artificial-intelligence workloads.Ruskin Hartley, chief executive of DarkSky International, noted that scientific studies have already shown that the existing number of satellites in orbit has increased diffuse night sky brightness by roughly 10%.Experts warn that if current trends in satellite launches and debris generation continue, night sky brightness could increase substantially over the coming decade, approaching the threshold astronomers have set for preserving naturally dark skies.

President Donald Trump escalated rhetoric on Thursday, stating that the United States has yet to begin a full‑scale campaign against Iran’s remaining infrastructure and hinting that bridges and electric power plants could be next targets. The comment followed the release of video showing a U.S. strike on the newly completed B1 bridge that connects Tehran to Karaj, an attack that Iran reports killed eight people and injured 95. Iranian Foreign Minister Abbas Araghchi condemned the strike on civilian infrastructure, describing it as evidence of the “defeat and moral collapse” of the aggressor. In a statement posted on X, he warned that such attacks would not force Iran to surrender. The conflict, now entering its fifth week, has begun to ripple through regional and global markets. Instability around the Strait of Hormuz—a vital conduit for oil and gas—has prompted nations to scramble for alternative shipping routes. Satellite images this week captured smoke over Iran’s Qeshm Island, underscoring the heightened risk to infrastructure near the strategic waterway. Amid stalled negotiations with Iran’s new leadership, Trump’s intensified language comes as the United Nations Security Council prepares to vote on a resolution that could authorize member states to use “defensive means” to keep the strait open. Araghchi warned that any provocative action in the Council would only worsen the situation. Iranian media have begun listing potential retaliation targets, naming major bridges in Kuwait, Saudi Arabia, the United Arab Emirates and Jordan as possible future strike points. The semi‑official Fars News Agency highlighted these crossings as vulnerable following the Karaj bridge attack. The Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for recent strikes on U.S.-linked industrial sites in the Gulf, including steel facilities in Abu Dhabi and aluminium plants in Bahrain. The IRGC warned that if attacks on Iranian industries continue, “the next response will be much more painful” and will focus on the occupier’s core infrastructure. Health infrastructure has also suffered. Iran’s Health Ministry reported that U.S. and Israeli raids severely damaged the Pasteur Institute of Iran, a key research center for diseases such as cholera and COVID‑19. Ministry spokesperson Hossein Kermanpour called the strike “a direct assault on international health security.” WHO Director‑General Tedros Adhanom Ghebreyesus echoed the condemnation, noting that the institute is now unable to deliver health services. The WHO has documented more than 20 attacks on Iranian healthcare facilities since the start of March. In a separate claim, Iranian officials said air defenses downed a second U.S. F‑35 fighter jet over central Iran, suggesting the pilot’s survival was unlikely. The United States has not responded to the allegation. Israel’s military reported a fresh barrage of Iranian missiles, which triggered air‑defence alerts and caused damage to homes, vehicles, and a train station in Tel Aviv. The widening hostilities, combined with threats to critical energy and health infrastructure, highlight the growing regional volatility and its potential to disrupt global markets.

The increasing congestion of Earth's orbit with satellites is raising concerns about the environmental impact of space activities. A recent UN report highlighted the urgent need for sustainable practices to manage potential orbital congestion and environmental impacts.One of the most pressing issues is the risk of space debris, also known as 'space junk', which includes discarded rocket stages and defunct satellites. The surge in orbital activity has created a significant collision risk, and there have already been a handful of crashes. In 2007, a Chinese anti-satellite weapon test intentionally blew up a weather satellite, creating a dangerous cloud of space debris.Researchers fear that the impact of space activities on the ozone layer, which shields the planet from radiation, could be significant. A study found that roughly 10% of particles in the stratosphere contain metals that originated from space activities such as rocket launches.The Guardian has launched an interactive project to visualize the tens of thousands of human-made objects spinning around the globe. The project reveals a significant problem which, if left unchecked, could disrupt some of humanity's most important services such as the internet and weather prediction.As a global society, we rely on satellites constantly, not only to help us navigate around using Google Maps, but also to provide internet access and, critically, predict the weather. Space-based monitoring of the Earth also allows researchers to track deforestation, desertification, glacier and ice-cap melt, and the spread of oil spills.