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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Trump said he canceled planned strikes on Iran and claimed an agreement to end the war was close, but Tehran said nothing had been finalized. The comments followed fresh U.S. and Iranian strikes and new international calls for de-escalation.
Israel and Iran exchanged strikes early Monday in the most serious crossfire since an April ceasefire, while Yemen’s Houthis fired toward Israel and renewed threats against Red Sea shipping. U.S. President Donald Trump reportedly urged Benjamin Netanyahu not to retaliate immediately.
U.S. and Iran officials are close to drafting a memorandum to end their conflict after weeks of talks and a fragile ceasefire. President Trump says the sides are "getting a lot closer" to a deal but warns military action remains a possibility.
A two-week ceasefire between Iran and the U.S. takes effect amid ongoing Israeli strikes in Lebanon. While markets rally and tanker traffic resumes in the Strait of Hormuz, Israel continues its campaign against Hezbollah, complicating prospects for lasting peace.
A U.S. airman downed in Iran is rescued in a daring mission as President Trump threatens to strike Iranian power plants and bridges if the Strait of Hormuz remains closed. Iran condemns the threats as war crimes amid ongoing regional tensions.