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SpaceX has submitted paperwork for an initial public offering that could debut as early as June or July, targeting a capital raise of $75 billion. If the market pricing aligns with analysts’ forecasts, the launch could lift the company’s valuation to nearly $1.5 trillion, roughly double its worth in December. Such a valuation would place founder Elon Musk on a clear trajectory toward becoming the planet’s first trillionaire, a milestone that would eclipse the $25.6 billion record set by Saudi Aramco’s 2019 IPO. Renaissance Capital’s data analyst Angelo Bochanis told Reuters that, much like Tesla, SpaceX’s market price will hinge on investor confidence in Musk’s long‑term vision. "Investors are clamouring for any exposure to SpaceX," he added. Despite Musk’s controversial public persona and his involvement in multiple high‑profile ventures, industry experts remain bullish. Kat Liu, vice‑president at IPOX, noted that SpaceX is "operationally mature, technologically ahead in several key areas, and profitable," providing a solid foundation for a public listing. The company’s recent merger with Musk’s artificial‑intelligence startup xAI and the continued dominance of its Starlink satellite network—now the world’s largest satellite communications platform—have reinforced investor interest. SpaceX’s ambitious roadmap includes a lunar base and a crewed Mars mission, though timelines remain uncertain. Musk has previously admitted a "50‑50 chance" of delivering an uncrewed Starship to Mars by the end of 2026. Financial data firm Pitchbook estimates the IPO could nearly double the company’s market cap, underscoring the scale of potential investor demand. If realized, the offering would not only reshape the space‑tech sector but also set a new benchmark for public market fundraising.

New research by Cleanview and a subsequent confirmation from Google reveal that the tech giant is collaborating with Crusade Energy to develop a 933‑megawatt natural‑gas power plant in the sparsely populated Armstrong County of the Texas panhandle. The facility will serve the Goodnight AI‑focused datacenter campus, signaling a notable departure from Google’s long‑standing clean‑energy narrative.The plant, slated for off‑grid operation, is intended to power at least two buildings on the Goodnight site. Satellite imagery commissioned by Cleanview shows construction already under way, following a permit application filed in January.According to the 465‑page permit filing, the plant could emit as much as 4.5 million tons of carbon dioxide per year—roughly the same amount released annually by the entire city of San Francisco. This emission level underscores the environmental stakes of the project.Cleanview founder Michael Thomas described the venture as “one of the first direct investments in fossil‑fuel infrastructure” he has seen from Google, suggesting a strategic pivot away from the company’s historic climate leadership.When queried, Google spokesperson Chrissy Moy did not deny the partnership but clarified that “we don’t have a contract in place for the plant in Texas.” She noted that negotiations are ongoing and pointed to a separate wind‑farm partnership with Serena Energy in the region. Crusoe Energy declined to comment.The Texas project is Google’s third known involvement with gas‑fuel facilities in recent months. Earlier in October, the company announced an agreement to purchase power from a gas plant in Illinois, and documents obtained in May revealed exploratory talks on a large‑scale gas project in Nebraska.Despite the shift, Google maintains that natural gas does not conflict with its climate objectives. The firm argues it is moving from a strategy of buying carbon credits to one of “building the grid” to secure carbon‑free energy for its operations.At a recent energy conference in Houston, Google’s head of advanced energy, Michael Terrell, declined to elaborate on how natural gas aligns with the company’s sustainability roadmap.From carbon‑free promises to “climate moonshots”Google has long positioned itself as a climate leader, setting a 2020 goal to achieve net‑zero carbon emissions across all operations by 2030 and investing heavily in wind, solar, geothermal and nuclear projects. However, the rapid expansion of AI workloads has strained those commitments.The 2023 sustainability report noted that Google was no longer “maintaining operational carbon neutrality,” and a 2024 update reported a 48 % rise in greenhouse‑gas emissions since 2019, driven largely by datacenter energy demand.By 2025, the company reframed its emissions targets as “climate moonshots,” acknowledging the growing complexity of meeting its 2030 ambitions amid AI‑driven uncertainties.Google is not alone in this trend. Competitors such as Meta, Amazon and Microsoft have also turned to natural‑gas‑powered facilities to meet the soaring energy needs of their AI infrastructures, highlighting a broader industry tension between rapid AI deployment and climate pledges.Thomas of Cleanview summed up the situation: “The race to build AI is creating a new tension with climate goals that these hyperscalers have long championed.”

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.

Coordinated strikes by United States and Israeli forces hit Tehran, Isfahan and several other Iranian cities on Tuesday, prompting widespread power outages and extensive damage to civilian sites. The Ministry of Energy confirmed that shrapnel from the raids ruptured a primary power‑transfer line, but the outage was restored within a few hours. Among the most critical targets was the Tofigh Darou pharmaceutical complex in the Karaj industrial zone. The facility, which supplies over 90% of Iran’s domestically produced medicines—including cancer and multiple‑sclerosis treatments—sustained heavy damage from multiple projectiles. In central Iran, Isfahan endured a barrage of heavy bunker‑buster bombs over a nearby mountainous area, likely aimed at military installations. The explosions triggered secondary blasts that illuminated the night sky and produced reverberating shockwaves across the city. North‑west of Tehran, in Zanjan, a building identified as the administrative department of the Hosseinieh Azam religious centre was struck, resulting in at least four fatalities and several injuries. Iranian authorities now claim that more than 2,000 people have been killed by US‑Israeli attacks since the conflict erupted on 28 February, with residential blocks, schools, hospitals and historic sites also affected. Additional targets this week included civilian nuclear facilities, major steel producers, petrochemical plants, and the Iran University of Science and Technology, where an imaging satellite was developed. A professor linked to Iran’s missile programme and his two children were assassinated at their home in northern Tehran. U.S. President Donald Trump reiterated threats to strike Iran’s oil and gas infrastructure, power plants and water‑desalination facilities. Despite the onslaught, the Islamic Revolutionary Guard Corps (IRGC) continues to project defiance. A spokesperson for the Khatam al‑Anbiya Central Headquarters declared that Tehran’s adversaries are “humiliated and on the path of destruction,” while senior commander Ali Fadavi warned that American warships are vulnerable and allegedly transmit false transponder signals. The IRGC also released footage of ballistic missiles aimed at Israel and surrounding nations, and claimed to have downed two U.S. MQ‑9 Reaper drones, promising retaliatory strikes against technology firms linked to the United States and Israel. Domestically, the judiciary announced the execution of two members of the foreign‑based Mojahedin‑e‑Khalq (MEK) group, labeling them terrorists. This follows a series of recent executions tied to the January protests and broader dissent. Authorities also issued new indictments against roughly 200 individuals accused of assisting the U.S. and Israel, including alleged “mercenaries” who disseminated strike footage abroad. Penalties for national‑security offenses now encompass asset confiscation and capital punishment. President Masoud Pezeshkian convened his first cabinet meeting since the war’s onset in a makeshift, blue‑covered space, emphasizing that any peace negotiations will safeguard Iran’s “dignity, security and national interests.” Israel’s Channel 14 reported that Pezeshkian sought greater negotiating leverage with the United States, a request allegedly rebuffed by IRGC chief Ahmad Vahidi.

The destruction of a US E-3 Sentry airborne warning and control system (AWACS) aircraft in an Iranian strike on a Saudi Arabian airbase has raised significant questions about how a critical surveillance asset was left unprotected and how Iran managed to launch such a precise direct strike.The plane was one of only 16 operational E-3s, which first entered production in the 1960s and carry sophisticated monitoring equipment allowing them to detect airborne threats such as missiles while surveilling assigned battle spaces including communications, troop movements, and air defense sites.The attack that destroyed the aircraft on March 27, while it was parked at Prince Sultan airbase, demonstrated Iran's continuing ability to strike high-value targets in the region despite a month of US and Israeli air raids.Images from the scene show a direct strike on the E-3's radar dome near the tail, suggesting a high degree of accuracy in the attack. The strike also injured US servicemen and damaged several in-flight refuelling aircraft.Ukraine's president, Volodymyr Zelenskyy, stated that Ukrainian intelligence had information indicating a Russian spy satellite photographed the base three times before the attack—on March 20, 23, and 25. Zelenskyy explained that multiple satellite images typically indicate preparation for an imminent attack.Zelenskyy's comments follow reports that Moscow was providing intelligence to Iran on the location of US forces in the Middle East, a claim denied by Russia's foreign minister, Sergei Lavrov.The destroyed E-3 was one of six such aircraft deployed to the Saudi Arabian base. These aging aircraft have long suffered from maintenance issues, with the US Air Force's E-3s reportedly having a mission-capable rate of only about 56% in 2024.The E-3 can track up to 600 targets simultaneously over a large area, acting as the eyes and ears for fighter pilots. The loss of this particular E-3 is considered incredibly problematic, as these aircraft serve as crucial battle managers for airspace deconfliction, aircraft coordination, targeting, and providing other lethal effects needed for battlefield operations.While US and Israeli commanders have claimed a decrease in Iran's missile capabilities, experts had anticipated a reduction in Tehran's launch intensity as it conserves military resources. Some analysts suggest Iran may be targeting key enablers of US airpower as part of a deliberate campaign following initial successes by the US and Israel in controlling Iranian airspace.

Aarti Holla-Maini, a British lawyer with a background in the satellite business, is the director of the UN's Office for Outer Space Affairs (Unoosa). She is responsible for alerting the UN secretary general if a large asteroid is on a possible collision course with Earth.On 27 December 2024, a robotic telescope in Chile spotted a distant rock, asteroid 2024 YR4, which was initially estimated to be the size of a small building. As the asteroid's impact probability increased, Holla-Maini's team drafted a letter to the UN secretary general, triggering the first global notification since the UN established a planetary defence collaboration in 2013.The asteroid's size and speed meant an impact could release energy comparable to hundreds of times the power of the Hiroshima bomb, potentially wiping out a city or region. The asteroid reached level three on the Torino Impact Hazard Scale, indicating a threat to human civilization.Holla-Maini's team worked with the International Asteroid Warning Network and other experts to track the asteroid. Although its impact probability peaked at more than 3% in February 2025, it has since dropped to a negligible level. The asteroid scare served as a useful test for Unoosa's role in planetary defence.Unoosa plays a critical role in registering satellites launched into Earth's orbit and acts as an informal 'hotline' for potential satellite collisions. Holla-Maini's small team of 35 employees punches well above its weight, managing a massive remit as governments and businesses increasingly operate in space.

Iran launched a significant attack on the Prince Sultan Air Base in Saudi Arabia on Friday, wounding at least 15 American soldiers, with five in serious condition. The assault involved at least six ballistic missiles and 29 drones.The base, located about 96km from the Saudi capital Riyadh, is operated by the Royal Saudi Air Force but also serves as a critical location for American forces. The injured US troops were inside a building at the base during the strike.According to reports, the Iranian attack resulted in the destruction of one refuelling aircraft and damaged three others, putting them out of service. Satellite images published by Iran's Press TV showed significant damage to several aircraft at the airbase.This incident marks a continuation of the escalating conflict in the region, which began with a joint assault by Israel and the United States on February 28. Iran has been conducting retaliatory attacks on Gulf nations it accuses of serving as a launchpad for US strikes.The conflict has seen significant casualties on both sides. At least 13 US military service members have been killed since the war on Iran started, with over 300 American troops wounded. Iran's government has not released an updated casualty toll, but the US-based activist group HRANA reported 1,167 Iranian soldiers killed and 658 troops with unknown status as of March 23.The attack on the Prince Sultan Air Base is part of a broader pattern of Iranian retaliation. The base has been consistently targeted since the war began, highlighting the strategic importance of the location and the ongoing tensions in the region.

Yemen's Houthi rebels have launched a barrage of ballistic missiles at Israel, marking their first such attack since the US-Israel war on Iran began. The assault was announced by Brigadier-General Yahya Saree, a military spokesman for the Houthis, on their Al-Masirah satellite television. The attack targeted what Saree described as 'sensitive Israeli military sites' in southern Israel. The Israeli military reported intercepting one of the missiles. This development comes as Iran and Hezbollah continue to fire on Israel, with sirens sounding around Beer Sheba and near Israel's main nuclear research centre. Saree stated that the strikes 'will continue until the declared objectives are achieved, as stated in the previous statement by the armed forces, and until the aggression against all fronts of the resistance ceases'. This escalation follows a vague statement by Saree on Friday signaling the rebels' intention to join the conflict. The Houthis, who have controlled Yemen's capital, Sanaa, since 2014, had previously stayed out of the US-Israel war. However, they have been involved in attacks on shipping vessels during the Israel-Hamas war, disrupting commercial transit in the Red Sea. Over 100 merchant vessels were attacked with missiles and drones, resulting in two ships sinking and four sailors killed between November 2023 and January 2025. Experts consider the Houthis' entry into the US-Israeli war on Iran as 'very significant'. Mohamad Elmasry, a professor of Media Studies at the Doha Institute for Graduate Studies, noted that if the Houthis were to shut down the Bab al-Mandab Strait, the Red Sea, and the Suez Canal, it would impact two major international shipping waterways, alongside the Strait of Hormuz. Al Jazeera's Nida Ibrahim reported from Ramallah that the opening of a new front in the war is likely to raise questions in Israel about 'the viability of the operations and the way the government is conducting its war'. She expects Israel to retaliate to this attack, as seen in previous instances when Yemen joined the battle.

Satellite images of Tehran have revealed that toxic fires caused by Israeli bombings on oil depots were still burning days after the strikes, posing serious health risks to millions of residents in the Iranian capital.The bombings, which occurred on March 7, caused clouds of smoke to blanket the city with pollutants ranging from soot to oil particles to sulphur dioxide. A passing storm then showered Tehran with poisonous, oil-filled rain.Residents have reported headaches, eye and skin irritation, and difficulty breathing. Experts have warned that these symptoms could be just the beginning, with long-term risks of cardiovascular disease, cognitive impairment, DNA damage, and cancer.Four fuel facilities in and around the capital were hit, including the Shahran depot in the north-west, the Aqdasieh oil depot in the north-east, the Tehran refinery in the south, and the Shahid Dolati facility in the west.Satellite images taken two days after the strikes showed the Shahran depot and the Tehran refinery were still burning. Another image taken by the European Space Agency satellite on Tuesday – 10 days after the strikes – showed that those two fires had smouldered, but smoke and flames were visible at the Aqdasieh oil depot.Iran has described the attacks as “ecocide”, which is described as wanton acts of environmental destruction.The United Nations Environment Programme (UNEP) has warned that heavy smoke from burning oil was “directly inhaled by people in Iran – including young children – raising serious concerns about long-term impacts on both human and environmental health”.