SpaceX IPO is Musk ‘referendum,’ say market watchers

Elon Musk at SpaceX in Brownsville, Texas, May 27, 2025. Marvin Joseph | The Washington Post | Getty Images Friday’s hotly anticipated SpaceX public debut could prove a defining moment for capital markets — and be a “referendum” on Elon Musk’s leadership, according to market watchers. Musk’s eye-watering $1.75 trillion valuation target reflects a price-to-earnings…

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Senate GOP support erodes for Trump’s Iran war stance

President Trump faces growing opposition from Senate Republicans over his handling of the military conflict with Iran, leading Democrats to believe they are on the verge of having enough votes to pass a war powers resolution directing the president to withdraw US troops. Four Republican senators have voted to reject the war powers resolution… Source…

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