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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.

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.

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.

The United Nations Refugee Agency (UNHCR) has issued a grave warning that Lebanon faces the threat of a humanitarian catastrophe as Israel continues its weeks-long bombardment and expands ground operations across the country.UNHCR's Lebanon representative Karolina Lindholm Billing reported that Israeli strikes and forced displacement orders have affected people throughout Lebanon, from the southern regions to the Bekaa Valley, Beirut, and northern areas. More than 1.2 million people have been forced from their homes since Israel's intensified attacks began in early March, according to UN figures."The situation remains extremely worrying and the risk of a humanitarian catastrophe ... is real," Lindholm Billing stated during a briefing in Geneva. She emphasized that Lebanon's overstretched shelter system is struggling to meet the growing needs of displaced families.The UN representative highlighted particularly concerning developments, including strikes on central Beirut's densely populated neighborhoods where many had sought refuge in collective shelters. "The families are ... living in constant fear, and the psychological toll, particularly on children, will last far beyond this current escalation," she added.Israel launched its intensified attacks against Lebanon after Hezbollah fired rockets toward Israeli territory following the February 28 assassination of Iranian Supreme Leader Ayatollah Ali Khamenei in the US-Israel war on Iran. The Israeli military has since conducted aerial and ground operations across Lebanon while issuing mass forced displacement orders for residents of southern areas and several Beirut suburbs.On Friday, the Israeli military announced air strikes on Beirut and issued new displacement orders for neighborhoods including Haret Hreik and Burj al-Barajneh. Meanwhile, Hezbollah has continued rocket attacks into northern Israel and confrontations with Israeli troops in southern Lebanon.Rights groups have strongly condemned Israel's expanded operations, with Human Rights Watch warning that preventing Lebanese civilians from returning to their homes in the south may constitute the war crime of forced displacement. "Israel's tactics of mass expulsion in Lebanon raise serious risks of forced displacement," the organization stated. "Forced displacement and collective punishment are war crimes."International concerns have been further heightened by the Israeli military's destruction of civilian homes and several bridges connecting southern Lebanon to the rest of the country. "The destruction of key bridges in the south has cut off entire districts ... isolating over 150,000 people and severely limiting humanitarian access," Lindholm Billing explained.As the crisis deepens, Lebanon's government faces mounting challenges in responding to the rapidly deteriorating humanitarian situation, with evacuation orders now extending to areas previously considered safe, exacerbating panic among the civilian population.

The ongoing conflict between the US and Iran has yielded limited results in terms of destroying Iran's ballistic missile capabilities. According to a report by Reuters, based on information from five people familiar with US intelligence, the US has only destroyed about a third of Iran's missile and drone arsenal after a month of military action. The report suggests that another third of Tehran's missiles may have been damaged or buried in underground tunnels and bunkers, leaving a sizeable stockpile still accessible to Iran. This assessment directly contradicts statements made by Donald Trump on Thursday that Tehran had "very few rockets left" and claims from other US officials that the war has eliminated Iran's ballistic missile capabilities. Iranian officials view their ballistic missile program as a crucial deterrent against the US and Israel, given the significant military superiority of these countries. Iran has effectively used ballistic missiles and drones over the last month to attack Israel and critical infrastructure in the Gulf, causing substantial damage to the global economy. The US and Israel have identified degrading Iran's ballistic missile capacity as a primary objective of the war. Washington has deployed thousands of additional troops to the Middle East in recent days, with the administration reportedly considering a ground operation on Kharg island to reopen the Strait of Hormuz. Israel has targeted ballistic missile caches and launchers in its aerial campaign against Iran, claiming to have "neutralized" 335 or 70% of Tehran's missile launchers. However, Iran has dispersed its launchers across the country to evade detection and airstrikes, making it challenging for Israel and the US to completely eliminate the threat. Despite the decline in the number of launches due to the ongoing bombing campaign, Iranian missiles have still managed to hit Israel and the Gulf, as interceptors also run out. The conflict has resulted in billions of dollars spent and critical interceptor stocks expended by Israel, the US, and Gulf states to block Iranian missile barrages. A US official noted that assessing Iran's missile stockpile accurately is difficult due to much of it being stored underground, suggesting that "I don't know if we'll ever have an accurate number". The vast tunnel network created an extra challenge in destroying Iran's missile stockpile, but the US military has vowed to continue its efforts.

The escalating geopolitical tensions in the Middle East have triggered a worldwide energy crisis that is affecting lives far from the conflict zones. Alagesan, 35, a small business owner in Coimbatore, India, faces the potential collapse of his roadside drink and snack shop due to an acute shortage of liquefied petroleum gas (LPG) caused by the conflict."I am far away from the Middle East, but my life is affected," Alagesan stated. "The gas cylinder is not available because of the war. I don't know what to do."The closure of the Strait of Hormuz – through which one-fifth of the world's oil travels – has created a critical supply disruption, pushing international oil prices to approximately $100 per barrel. This surge is translating into higher costs for gasoline, petrol, and numerous consumer goods, placing significant pressure on households and economies globally.In response to the crisis, the International Energy Agency (IEA) has issued a series of recommendations including remote work where feasible, reduced highway speed limits, shifting from private vehicles to public transportation, carpooling, electric cooking alternatives, and avoiding non-essential air travel."The war in the Middle East is creating a major energy crisis, including the largest supply disruption in the history of the global oil market," stated IEA Executive Director Fatih Birol. "In the absence of a swift resolution, the impacts on energy markets and economies are set to become more and more severe."Individuals worldwide are implementing various coping strategies in response to fuel shortages and price increases. Many have restricted driving to essential journeys only, increased cycling, and utilized public transportation more frequently.In regions with cooler climates, heating oil usage has been drastically curtailed due to "skyrocketing prices," with some households heating only single rooms, burning wood, and adding extra layers of clothing. Others have cancelled vacations, citing inappropriate fuel consumption during heightened demand.While some expressed relief at having electric vehicles and solar panels providing "control" over their energy sources, many with limited public transport options have no alternative but to continue driving to work and essential activities, forcing difficult budget adjustments elsewhere.In India, where 60% of LPG is imported and 90% of it passes through the Strait of Hormuz, the crisis has led to severe rationing. Gangesh, 57, from Kerala, reported "most hotels are suffering the worst shortage" with "a large number of eateries shutting down leading to unemployment." One woman noted a "35-day wait for the next instalment of gas cylinders."The personal stories of adaptation continue across continents. Sue, 73, in the UK has "banned" car use except for hospital trips, opting for bicycles and a tricycle instead. Katie, 71, in Massachusetts faces impossible choices between food and gasoline for her son's essential medical care, requiring 100-mile round trips."We now consider carefully almost every mile we must drive and are trying to cut back expenses every way we can," Katie explained.In the UK, where an estimated 1.7 million households rely on heating oil, and in Northern Ireland where it serves as the primary heating source for nearly two-thirds of households, the crisis has reached critical levels. David in Londonderry expressed concern about "additional and immediate increases" in fuel costs, particularly for those with respiratory conditions requiring stable temperatures.Anne*, 50, in Perthshire, Scotland, saw the price of 1,000 liters of paraffin jump from £600 to £1,450, forcing her family to use firewood cut from fallen trees instead. "It's laborious work," she noted. "Hot-water bottles are also good. Very old school."Amanda*, 48, in Devon, UK, has only about three weeks of heating oil remaining: "I have had to turn it off as I do not have the extra money to pay the current prices. It's difficult because you obviously want to keep them [her sons] warm, and you feel guilty that you can't provide for them."Meanwhile, Alex, 46, in New South Wales, Australia, has reduced driving and increased public transport use, not only due to rising costs but also to avoid "panic buying" that could leave her without fuel. "War isn't about security or defending borders. War is what greed looks like in public," she reflected.

The conflict between Iran and Israel has taken a significant turn, with oil prices skyrocketing to unprecedented levels. Analysts are now warning that prices could reach $150 or even $200 per barrel, a scenario that was previously considered far-fetched.The global benchmark, Brent crude, has hit nearly $120 per barrel and has remained above $100 since March 13. The recent Israeli strike on Iran's South Pars gasfield and subsequent Iranian attacks on oil and gas facilities in Qatar, Saudi Arabia, and the United Arab Emirates have further pushed crude prices up to over $108 per barrel.The Strait of Hormuz, which accounts for about one-fifth of global oil supplies, has been effectively closed since Iran declared it shut early in the conflict. Only a handful of ships, mostly Indian, Pakistani, Turkish, and Chinese-flagged vessels, have been allowed to pass through in recent days.Market watchers agree that prices have room to move much higher if the Strait of Hormuz remains closed. Vandana Hari, founder of Vanda Insights, notes that benchmark Middle Eastern crudes have already crossed the $150 threshold, making $200 a possibility.The International Monetary Fund estimates that every 10% rise in oil prices would correspond with a 0.4% increase in global inflation and a 0.15% reduction in economic growth. Oil prices at $150 or higher would weigh heavily on the global economy.Adi Imsirovic, an energy expert at the University of Oxford, warns that oil at $200 per barrel would be a major handbrake to the world economy, impacting inflation, growth, employment, and potentially causing shortages of fuel and materials.

Sardar Azmoun, one of Iran's top football players, has been expelled from the national team over allegations of disloyalty to the government. This development has significant implications for Iran's participation in the upcoming FIFA World Cup, which is co-hosted by the United States, Mexico, and Canada.Azmoun, who plays for Dubai's Shabab Al-Ahli, upset Iranian authorities by posting a picture on his Instagram feed with Dubai's ruler, Mohammed bin Rashid Al Maktoum. This move was perceived as a disloyal act, especially given the strained relations between Iran and the UAE, which have included rocket and drone attacks by Iran on the UAE.The 31-year-old striker, known for his impressive career abroad with clubs like Zenit Saint Petersburg, Bayer Leverkusen, and Roma, has scored 57 goals in 91 internationals since his debut in 2014. His absence will undoubtedly weaken Iran's team, Team Melli, in their upcoming matches.Criticism against Azmoun was severe on state TV, with football pundit Mohammad Misaghi stating that Azmoun's actions were an act of disloyalty and that he was not worthy of wearing the national team jersey. There was no immediate response from the Football Federation of the Islamic Republic of Iran (FFIRI) regarding the matter.This incident comes at a time when Iran's women's national team is dealing with its own controversy, with several players seeking asylum in Australia after being branded 'wartime traitors' on Iranian state TV for not singing the national anthem before a Women's Asian Cup match.