#saudiaramco

BBC News | SpaceX says it's worth $1.75tn as it targets largest stock market debut AI generated summary, Read the full article for complete information. SpaceX has filed to price its shares at $135 each, valuing the company at roughly $1.75 trillion and targeting a $75 billion IPO—the largest ever—set to debut on Nasdaq on 12 June. The proposed valuation, far above its earlier $1.25 trillion estimate, would make SpaceX one of the world’s most valuable firms and could turn Elon Musk, who holds over 80 % of the stock, into a trillionaire, though the final price will be decided by market demand. The company reported $18.6 billion in revenue last year with a $4.9 billion loss, and a $4.7 billion revenue in the first quarter of this year with a $4.3 billion loss, while holding $102 billion in assets against $60.5 billion of debt. Beyond rockets and Starlink, SpaceX is heavily investing in AI, data‑centre and satellite projects, having recently acquired xAI, and the high valuation reflects expectations of future earnings from these ventures. Read more: https://www.bbc.com/news/articles/cvgz237n40jo?at_medium=RSS&at_campaign=rss #SpaceX #Nasdaq #SaudiAramco #ElonMusk

Saudi Aramco has suspended operations at its Ras Tanura oil refinery following an Iranian drone attack. Ras Tanura is one of the world's largest oil processing complexes, handling a significant percentage of Saudi Arabia's crude oil exports. Any prolonged shutdown will ripple through global markets already spiking toward $150-180 per barrel. The attack confirms energy infrastructure is now a legitimate target. For consumers worldwide, fuel prices are about to rise dramatically. #Oil #SaudiAramco #Iran