SpaceX raised $75 billion in the largest IPO ever, with shares jumping in their Nasdaq debut and valuing the company above $2 trillion. The listing pushed Elon Musk’s paper net worth past $1 trillion, though analysts questioned the company’s valuation.
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At least one person was killed and 11 people were identified as victims after a shooting in Midland, Texas, officials said. Authorities said the suspect was contained inside a building as SWAT and other agencies worked to end the standoff.
SpaceX shares rose sharply in their Nasdaq debut after the company raised $75 billion in the largest IPO on record. The listing values Elon Musk’s company at about $1.77 trillion while analysts question its profitability and AI-driven valuation.
Karmelo Anthony, 19, was sentenced to 35 years in prison after a Collin County jury convicted him of murdering Austin Metcalf at a 2025 Frisco track meet. The defense argued self-defense and sudden passion, but jurors rejected the reduced-punishment claim.
The Government Accountability Office found major failures at Camp East Montana, ICE’s largest detention center, including health care lapses, unsanitary conditions, a lost loaded firearm and millions in waste. DHS said ICE has hired a new contractor and is upgrading the facility.
Severe storms are threatening millions across the central U.S. this week with flash flooding, destructive hail, damaging winds and possible tornadoes. Flood watches remain in effect in several states as forecasters also warn of dangerous heat from Minnesota to Texas.
SpaceX’s planned Nasdaq listing under the ticker “SPCX” could become the biggest IPO ever, with reported valuations around $1.75 trillion to $1.77 trillion. Retail investors may receive an unusually large allocation, though analysts warn the shares could be volatile and overvalued.
President Donald Trump nominated Todd Blanche, his former personal lawyer and current acting attorney general, to permanently lead the Justice Department. The nomination is expected to face scrutiny over the Epstein files, January 6 prosecutions and a shelved $1.8 billion fund.