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World Economy Apr 01, 2026

SpaceX Files Confidential IPO Targeting $1.75 Trillion Valuation Amid AI Rivalry

SpaceX has submitted a confidential registration statement for a U.S. initial public offering that …
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.
#spacex #ipo #valuation
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Environment Apr 01, 2026

Highland Cows Removed from Kent Nature Reserve Due to Social Media Frenzy

Highland cows were removed from Hothfield Heathlands nature reserve in Kent due to a social media f…
Highland cows, a hardy breed known for their shaggy coats and upturned horns, have been a part of Hothfield Heathlands nature reserve in Kent. They were introduced to restore and maintain the reserve through wild grazing. However, their presence led to an unexpected consequence. The cows became an unlikely sensation on social media, particularly on TikTok, with videos of them going viral. This sudden fame attracted a large number of visitors to the reserve, who were eager to take selfies with the cows and even stroke them. Despite warnings from Kent Wildlife Trust to keep at least 10 meters away, the situation became unmanageable. The trust eventually made the decision to remove the cows from the reserve, at least temporarily, to protect them from the stress and potential harm caused by the influx of visitors. The cows, which have survived the harsh climate of the Scottish Highlands for over 1,000 years, were becoming distressed and could have reacted out of fear if the situation continued. This incident is not an isolated case. The popularity of Highland cows has caused trouble before, such as in January when three people had to be rescued after getting lost while searching for viral Highland cattle on Butser Hill in Hampshire. The hashtag #highlandcow has reportedly reached millions of people on social media, highlighting the significant public interest in these animals. The removal of the Highland cows from Hothfield Heathlands serves as a reminder of the impact of social media on wildlife and the importance of respecting the personal space of animals, even those as adorable and charismatic as Highland cows.
#Highland cows #Hothfield Heathlands #Kent
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World Economy Apr 01, 2026

Bernie Sanders Proposes 5% Wealth Tax on U.S. Billionaires to Fund Health, Housing and Education

Senator Bernie Sanders urges a 5% wealth tax on the nation’s 938 billionaires, arguing it would rai…
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.
#tax #than #more
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Technology Apr 01, 2026

Artemis II Set to Launch Amid Record Crowds, Marking First Crewed Moon Flight Since 1972

On April 1, 2026, NASA’s Artemis II mission is slated for a 6:24 p.m. ET launch from Florida, drawi…
Just before sunset on Florida’s Space Coast, an estimated 400,000 people are expected to line the beaches and causeways to watch NASA’s Artemis II lift off at 6:24 p.m. ET, weather permitting. The launch will be the first crewed departure from low‑Earth orbit since the Apollo 17 mission in December 1972. Commander Reid Wiseman told reporters at the Kennedy Space Center that the nation and the world have been waiting “a long time” for this moment. The four‑person crew—Americans Christina Koch and Victor Glover, Canadian astronaut Jeremy Hansen, and Wiseman himself—have entered quarantine ahead of the flight. During the 10‑day test flight, which will not attempt a lunar landing, Koch and Glover will become the first woman and first person of color to travel into cislunar space, the region between Earth and the Moon. Hansen will be the first non‑American to do so. The Orion capsule is expected to travel more than 4,600 miles (7,400 km) beyond the Moon’s far side on day six, reaching a total distance of just under 253,000 miles from Earth—surpassing the Apollo 13 record of 248,655 miles set in 1970. Beyond the historic milestones, Artemis II serves as a critical stepping stone for NASA’s broader lunar ambitions. Administrator Jared Isaacman has outlined a $20 billion Moon base program slated for completion by the end of the decade, and the mission will capture high‑resolution images of the Moon’s south‑pole region—potential sites for future landings and the base. Technical preparations have addressed previous setbacks, including a resolved heat‑shield issue from Artemis I and a helium‑leak that delayed Artemis II’s rollout in February. NASA’s final weather briefing gave the launch an 80 % chance of favorable conditions, with a five‑night launch window available should a scrub be required. Inside the capsule, the crew will spend ten days in a confined space roughly the size of a small camper van, testing life‑support systems, radiation exposure, and microgravity effects. Wiseman noted the psychological challenges of close‑quarters living, saying, “By day six or seven we’ll all be thinking, ‘I need a little space,’ but we’re a good crew.” The launch has sparked a surge of tourism in Cape Canaveral and Cocoa Beach, with hotels filling quickly as spring‑breakers add the event to their itineraries. Despite schedule delays and cost overruns—NASA acknowledges the program is “billions of dollars over budget”—the agency remains confident that Artemis II will demonstrate the capabilities needed for the next crewed landing, scheduled for Artemis IV in 2028. As Wiseman summed up, “NASA was founded to tackle the near‑impossible. This mission is the next step in America’s return to the lunar environment, and when we get there, we intend to stay.”
#artemis #nasa #space
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Sports Apr 01, 2026

USMNT Suffers 2-0 Loss to Portugal in World Cup Warm-Up

The US men's national team lost 2-0 to Portugal in a friendly match, extending their losing streak …
The US men's national team concluded their international window with a disappointing 2-0 loss to Portugal at Mercedes-Benz Stadium. The match marked their eighth consecutive defeat against European opponents, with a dismal goal difference of 22-6. Coach Mauricio Pochettino made several changes to the lineup from the previous match against Belgium, but the team's performance failed to improve. Despite a strong start, the US side eventually succumbed to goals from Francisco Trincão and João Félix. Christian Pulisic, a key player for the US, struggled with form and frustration throughout the match. He missed several scoring opportunities, including a low, poorly-struck effort in the sixth minute and a volleyed attempt from the edge of the six-yard box. His frustrations boiled over in the 41st minute, earning him a warning from the referee, and he was eventually subbed off at halftime. The loss to Portugal, ranked sixth in FIFA's world rankings, raises concerns for the US team as they prepare for the World Cup on home soil in two months. The team's inability to score against a top European side highlights their ongoing struggles with clinical finishing. The match also exposed vulnerabilities in the US team's defense, particularly in the midfield area. The absence of Tyler Adams, a vital defensive midfielder, was keenly felt as Portugal exploited the space and created scoring opportunities. Despite the disappointing result, Pochettino will likely use this match as a learning experience for his team. The US side will need to regroup and refocus as they prepare for the World Cup, where they will face stiff competition from top teams around the world.
#USMNT #Portugal #Christian Pulisic
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News Apr 01, 2026

US‑Israel Airstrikes Intensify in Iran, Targeting Pharma Hub and Critical Infrastructure Amid Rising IRGC Defiance

Coordinated US‑Israel air raids have struck Tehran, Isfahan and other Iranian cities, damaging powe…
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.
#iran #israel #irgc
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Sports Mar 31, 2026

England's 1-0 Friendly Loss to Japan Highlights Tactical Uncertainty Ahead of World Cup

A lacklustre performance at Wembley saw England fall 1-0 to Japan in a March friendly, exposing tac…
On a surprisingly quiet evening at Wembley, England’s 1-0 defeat to Japan unfolded in a half‑hour that was more ceremonial than competitive. The opening thirty minutes were fluffy and formless, offering little in the way of decisive play but plenty of clues about the team’s underlying issues.For manager Thomas Tuchel, the concession of the opening goal will likely linger in post‑match analysis sessions. The loss adds another chapter to what critics describe as the “never‑ending story of England footballdom,” where each friendly serves as a diagnostic test rather than a showcase of progress.Injuries and omissions forced Tuchel to field a makeshift side featuring Phil Foden, Morgan Rogers, Cole Palmer and Kobbie Mainoo. The line‑up lacked traditional power runners and aerial threats, resembling a “false nine” formation that felt experimental but ultimately failed to generate a clear tactical identity.Japan’s solitary goal came after Palmer lost possession in an attacking area, leaving a void that England’s midfield could not fill. The Japanese attack exploited the space, threading a pass through the centre of England’s formation and scoring with ease. The goal underscored England’s lack of pressure and positional awareness in the defensive third.Despite the disappointment, the match offered a glimpse of individual talent. Harry Maguire and Dan Burn were deployed on set‑pieces, and Jude Bellingham remained an unused asset, highlighting the depth of options available for the upcoming World Cup.Atmospherically, the match resembled a village fête more than a high‑stakes international fixture. Pre‑match entertainment featured a medley of music, fireworks and quirky performances, creating a backdrop that contrasted sharply with the on‑field performance.Analysts noted that England’s approach felt like an attempt to dress up “borrowed tactical clothes” rather than a coherent game plan. The lack of a defined structure left the side vulnerable to Japan’s disciplined, technically sound play.Looking ahead, Tuchel now faces the task of reconciling his experimental selections with the need for a pragmatic, battle‑ready squad. The friendly serves as a reminder that, while England possesses individual brilliance, the team must resolve its tactical ambiguities if it hopes to contend seriously for the 2026 World Cup.
#england #but #like
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Politics Mar 31, 2026

Regulating Online Games: A Complex Challenge in Social Media Debate

The article discusses the potential inclusion of online games in social media bans, highlighting th…
The recent ruling that Meta and YouTube are liable for creating addictive products has intensified the debate on restricting social media use for under-16s. However, there's another crucial aspect to consider: 85% of kids and teens interact online through video games. The suggestion to curb online gaming alongside social media restrictions raises significant concerns about feasibility and impact.Some online games, like Roblox, have proven to be unsafe environments for children, with cases of grooming and child exploitation. Nevertheless, implementing a ban on online gaming would be a regulatory nightmare. Games like Minecraft or EA Sports FC have different online components, making a blanket restriction difficult to enforce.Banning teens from playing games online entirely would be detrimental. Online games are vital social spaces for millions of teens, offering a few arenas where they can interact without adult surveillance. With two-thirds of council-run youth centers lost since 2010, video games fill a critical gap.The core problem lies in the internet's heterogeneous nature. Games, social media, and YouTube are distinct, making it hard to cancel out potential harms without also eliminating benefits. Instead of banning young people, the focus should be on taking back the internet from manipulative big tech companies.Parents concerned about their children's safety can use existing parental controls to mitigate risks. Features like chat restrictions, time limits, and age-appropriate settings can ensure children enjoy games while staying safe. A ban would introduce no further benefit and could cause significant harm.
#Meta #Twitch #Discord
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World Mar 31, 2026

Trump tells Europe to ‘get their own oil’ as transatlantic tensions rise amid Iran war and soaring fuel costs

President Donald Trump used his Truth Social platform to chastise European allies for refusing to j…
President Donald Trump took to his Truth Social account on Tuesday to lambaste several European governments for declining to support the United States’ military campaign against Iran. He told nations struggling with fuel shortages to “go get your own oil” by force, a statement that immediately pushed global oil markets higher. European leaders pushed back. France barred Israeli aircraft carrying weapons from traversing French airspace, while Italy reportedly denied a last‑minute request for U.S. bombers to land in Sicily. Spain’s defence minister announced that Madrid would no longer tolerate “lectures” from any foreign power after refusing U.S. use of its bases and airspace. The United Kingdom, despite allowing U.S. forces to operate from its bases, faced a public rebuke from Trump, who singled out the UK for its inability to secure jet fuel through the Strait of Hormuz. U.S. Secretary of Defense Pete Hegseth echoed the president’s hard‑line stance, suggesting that allied navies should be ready to intervene in the strategic waterway. Analysts warn that any attempt to seize the Strait of Hormuz by force would be highly risky and likely unrealistic. Nonetheless, the rhetoric has already contributed to a surge in fuel costs: U.S. gasoline prices have crossed the $4‑per‑gallon threshold for the first time in four years, and Brent crude slipped below $104 a barrel after Iranian President Masoud Pezeshkian hinted at a possible de‑escalation. The conflict, now in its fourth week, has claimed more than 3,000 lives and triggered a worldwide economic shock. Irish Taoiseach Micheál Martin described the oil‑supply disruption as “probably the worst ever,” reflecting growing anxiety over inflation, stagnant growth, and a cost‑of‑living crisis that many nations are already grappling with. In a parallel diplomatic development, Pakistan and China unveiled a joint five‑part proposal aimed at ending hostilities and reopening the Strait of Hormuz, though it remains unclear how this aligns with recent U.S. diplomatic overtures through Islamabad. Meanwhile, the war’s regional dimensions have intensified. Israel announced plans to permanently occupy a swath of southern Lebanon up to the Litani River, a move that would cement its military presence well beyond the current confrontation with Hezbollah. Even the Vatican entered the fray. Pope Francis expressed hope that the fighting would cease by the upcoming Easter weekend, urging world leaders to find “ways to reduce the amount of violence.” His comments were widely interpreted as a subtle rebuke of the Trump administration’s aggressive posture. Overall, Trump’s incendiary remarks have highlighted a widening fissure between Washington and its traditional European partners, while the escalating oil price volatility underscores the broader economic ramifications of the Iran conflict.
#france #italy #spain
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