Tag: Business
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How family offices are investing in the final frontier beyond SpaceX
Personal investment firms of the ultra-rich are interested in space startups even without Elon Musk’s name attached.
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On brink of IPO, Musk’s SpaceX already a household name, Reuters/Ipsos poll finds
WASHINGTON, June 11 : Even before going public, Elon Musk’s SpaceX has become a household name in America — more widely recognized than legacy Apollo-era companies and even prominent 2028 presidential hopefuls, according to a Reuters/Ipsos poll.For the last decade, SpaceX rockets have regularly returned t
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SpaceX by the numbers: Six charts mapping businesses driving its IPO ambitions
June 11 : SpaceX’s market debut on Friday is expected to be the largest-ever IPO, capping the meteoric rise of a company that has reshaped the space business with reusable rockets and internet beamed from orbit and which now targets space-based AI.Aiming for a $1.75 trillion valuation that would instantly ran
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Pakistan economic survey projects real GDP growth at 3.7% in FY26
ISLAMABAD, June 11 : Pakistan’s annual economic survey projected real GDP growth at 3.7 per cent for the fiscal year ending June 2026, according to the report released on Thursday.Here are some details from the report:• Average CPI inflation was seen at 6.7 per cent in the July-May period, the survey
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Japan secures stable crude supplies through March 2028, PM Takaichi says
TOKYO, June 11 : Japan has secured stable oil supplies through the end of March 2028 despite the Iran war through a combination of alternative crude imports and stockpile releases, Prime Minister Sanae Takaichi said on Thursday, extending the country’s previous supply outlook by around one year.Japan has no p
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Anthropic, OpenAI, other U.S. AI giants launch major London expansions amid talent and revenue scramble
The U.K. capital has become a key growth target for many of the world’s most talked about AI companies.
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Peace hopes steady Europe ahead of expected ECB rate hike
LONDON, June 11 : Europe’s markets firmed on Thursday as reports of ongoing peace talks between the U.S. and Iran nudged oil prices down ahead of what is widely expected to be the first European Central Bank interest rate hike in nearly three years. The pan-European STOXX 600 and the euro both inched higher a
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Deezer launches free AI music detector for users of major streaming platforms
June 11 : French music platform Deezer has launched a free online tool to detect AI-generated tracks in playlists, available to users of all major streaming platforms, it said on Thursday.The company is also licensing its AI-detection technology to the wider music industry, building on earlier deals like the
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British device maker Halma’s shares slump on slower annual growth forecast
June 11 : British health and safety device maker Halma forecast organic constant-currency revenue growth for fiscal 2027 at a slower rate than the previous year, sending its shares down nearly 15 per cent on Thursday. Here are a few details: • The company expects to deliver low double-digit per
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Wall Street buckles up for SpaceX liftoff, hoping for a glitch-free ride
NEW YORK/SAN FRANCISCO, June 11 : As SpaceX prepares for its record-breaking $75 billion market debut with great fanfare, Wall Street traders, brokers and exchanges are working nonstop to make sure their trading systems can handle the blockbuster IPO and avoid the chaos that marred other highly anticipated launches.
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