Elon Musk’s SpaceX eyes $1.77tn valuation ahead of blockbuster IPO
Texas-based rocket company announces plans to sell shares at $135 apiece, aiming to raise approximately $75bn.
![A swarm of drones lit up the evening sky near Taiwan’s Taipei 101 skyscraper in a dazzling display depicting a giant robot, a sports car, and Earth. The light show was part of Computex Taipei, one of Asia’s largest technology exhibitions. [Taiwan Computer Association/Reuters]](/wp-content/uploads/2026/06/image-1780437370.jpg?resize=770%2C513&quality=80)
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From: Counting the Cost
Will the AI race fuel another boom or another bubble?
AI giants are racing towards public listings as valuations soar.
Published On 29 May 2026
UN urges ‘urgent’ action to protect children online
Call comes amid a global push for greater accountability and oversight of social media platforms.
South Korea’s SK Hynix enters exclusive $1 trillion club
Chipmaker becomes second South Korean company in history to hit milestone.
Blue Origin’s New Glenn rocket explodes on launchpad in Florida
The incident is the latest setback for Jeff Bezos’s space venture as it seeks to narrow the gap with Elon Musk’s SpaceX.
Anthropic soars to $965bn valuation, leapfrogging OpenAI
Claude maker raises $65bn from investors ahead of expected initial public offering.
CNN sues Perplexity, alleging unlawful distribution of copyrighted content
Perplexity unlawfully copied thousands of CNN stories, videos and images to power its products, CNN said in its lawsuit.
China’s secret weapon in AI race with US? Lots of cheap energy
China’s abundant supply of cheap electricity is a key advantage in the rollout of data centres needed to run AI models.
Google employee charged with insider trading over Polymarket bets
Michele Spagnuolo allegedly used insider information to profit from bets on people on Google’s most-searched list.
EXPLAINER
What is the Lobito Corridor, cited by US Africa envoy as model for ties?
Washington is set on a trade-focused shift in Africa, but critics say it facilitates further plundering of resources.
Taiwan’s economy is booming thanks to AI. Not everyone sees the benefits
Taiwan is experiencing explosive GDP growth due to chip exports, but some Taiwanese feel left out.
