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SpaceX IPO tops $176, launches company past $2 trillion

June 12 (UPI) — SpaceX began trading Friday at $150 and has gone as high as $176 as SPCX in its initial public offering, the largest one in history.

Elon Musk and SpaceX President and COO Gwynne Shotwell rang the opening bell Friday. Musk was in Texas and Shotwell was at the Nasdaq in New York City.

After trading opened, the stock topped $160, sending the company to more than a $2 trillion market cap. By early afternoon, the stock was at $176.52.

“I love the incredible people of SpaceX beyond words,” Musk wrote Friday afternoon on X.

The company had traded more than 360 million shares as of 2 p.m. EDT Friday. It has more than 172 million shares on the Nasdaq alone, CNBC reported. Polymarket bettors believe, at 70%, that SpaceX will close at more than $2 trillion Friday. Five other U.S. companies have reached the $2 trillion market cap: Nvidia, Apple, Alphabet, Microsoft and Amazon.

Already a trillionaire, Musk is about to be CEO of two of the Top 10 most valuable publicly traded companies at the same time.

Musk said before the IPO that SpaceX had been cash-flow positive since around 2015, CNBC reported. He said he chose to take the company public now to raise capital for “a significant growth phase.” Some plans for that growth include putting more than 100,000 satellites in orbit for communications and building artificial intelligence data centers in space.

“Having a private company was important to us early on because we weren’t really focused on quarterly financials, we were so focused on the long-term outlook for the company,” Shotwell told CNBC in an interview.

Shotwell said interest from investors also helped drive the decision.

“We’ve been feeling, over the last few years, a lot of pressure from everyday Americans and our friends that wanted to buy stock, and there was just no way for these folks to get in,” Shotwell said.

According to its prospectus, SpaceX has had a total loss of $41.3 billion since it was founded in 2002. Originally founded as a maker of reusable rockets, the only profitable part of the business has been the Starlink satellite Internet service.

In February, SpaceX acquired Musk’s startup xAI, which has been embattled this year for its ability to undress people in AI-generated images. Several countries and people have sued the company to force it to not allow the bot to do so against the victims’ will.

Citadel Securities, which helps execute trade orders, processed more retail activity for SpaceX than any other IPO auction on record, CNN reported the company said. Retail investors are regular people trading stocks instead of professionals.

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Ask our Hols from 9.50 expert a holiday park question and win a £100 Amazon voucher

OUR holiday park expert is back and ready to answer your questions.

If there’s anything you want to know about booking a Sun £9.50 holiday, now’s your chance to ask our expert.

From caravan hacks to booking secrets, our Tracy Kennedy is ready to tackle your questions Credit: Paul Tonge

One of the best ways to book The Sun’s Hols from £9.50 is through Sun Club, as you can skip the token collecting and also get access to booking early. To book your £9.50 Hols this way, simply head to thesun.co.uk/club and sign up to Sun Club for just £1.99 a month.

Simply ask Tracy Kennedy a question about £9.50 Hols using the form below, and you’ll be in with the chance to win a £100 Amazon voucher.

Your question can be about anything to do with Hols from £9.50 – from which holiday parks have the best beaches to how to go about booking the best deal.

Simply fill in the form with your question, name and email, and you may be contacted if your question is chosen.

Read more on £9.50 holidays

BEACH BARGAINS

Our fave beautiful British seaside towns with their own £9.50 Holiday parks


PARK UP

Major holiday park reopens after huge £5m makeover & you can stay with £9.50 Hols

https://thesun.formstack.com/forms/js.php/travel_agony_aunt_2026Online Form – 9.50 Hols Agony Aunt – 2026

As we release each £9.50 Hols Q&A with Tracy, one lucky person will be awarded the winning question – and they will be contacted to claim their £100 Amazon voucher.

Tracy has already given some great advice on £9.50 Holidays, such as her personal favourite caravan parks and her top picks of parks for couples.

She has also saved £974 in one year by being a Sun Club member, and taking advantage of perks like discounted attraction tickets and early access to booking £9.50 hols.

If you haven’t booked your £9.50 hol yet, or are ready to book yourself another one – you’re in luck.

Thousands of new holidays will be released on the Hols from £9.50 website on July 8, with Sun Club members gaining early access to the new breaks on July 7.

These new breaks will be added across hundreds of holiday parks in the UK and Europe, and the best part is that they start from under a tenner.

Newquay Bay holiday park in Cornwall is just one of the UK parks listed at club950.co.uk Credit: Newquay Bay
Hols from £9.50 has over 300 holiday parks to pick from, including peaceful The Lakes Rookley Credit: The Lakes Rookley

Being a Sun Club member, Tracy waits up til midnight to be among the first to gain access to new £9.50 holidays as they are released.

This is because Sun Club members get priority access to booking their £9.50 holidays, as they can log on online to book them the day before those who are collecting codes from the paper.

This is just one of Tracy’s tips and tricks to make sure you are in the best chance of booking a break at your desired holiday park, as dates can get very competitive.

Our expert Tracy is even the co-owner of a Facebook group dedicated to Hols from £9.50, which now has over 297,000 members.

Ask Tracy a question using our form and you could win a £100 Amazon voucher Credit: amazon

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Amazon shoppers race to snap up a £26 ‘stylish’ cabin bag that beats Ryanair’s tight luggage limits

A black backpack with a top handle, multiple zippered compartments, side buckles, and padded shoulder straps.

AMAZON shoppers are racing to snap up a viral cabin bag that is perfect for dodging dreaded airline luggage fees.

Originally priced at £29.99, the popular bag has been slashed to just £25.49 for the black version.

A person charging their phone from a black backpack at an airport.
This bag is designed to fit within budget airline travel restrictions

Vankev Underseat Cabin Bag, £25.49 (was £29.99)

With the bank holiday weekend just days away, lots of savvy shoppers will be jetting off on mini-breaks – and keen to keep extra costs to a minimum.

Budget carriers like Ryanair and EasyJet are notoriously stringent with their baggage rules, meaning flyers can usually only bring a single small personal item onboard for free.

Amazon sells plenty of bargain luggage – no doubt aimed at panicky last-minute spenders – but this particular underseat backpack has racked up thousands of rave reviews.

Measuring exactly 40x20x25cm, in line with Ryanair hand luggage rules, the 20-litre bag is perfectly sized to slide under the seat, meaning you won’t have to spend any extra fees.

It’s got two main compartments, including a suitcase-style opening for clothes, plus a separate padded sleeve that fits a 14-inch laptop.

The backpack boasts a TSA-friendly design, which means it unfolds flat between 90 and 180 degrees so you do not have to clumsily unpack your electronics at airport security.

It also features a handy luggage strap to slide over your main suitcase handle, and a hidden anti-theft pocket that’s perfect for passports and other valuables.

We in the Sun Shopping team haven’t tested this backpack ourselves.

But over 5,000 Amazon shoppers have left five-star reviews on the website, stunned by its quality at that cheap-as-chips price.

“I used this bag for an 8-day trip across Europe,” one happy traveller wrote.

“It was perfect for under the seat on both Ryanair and EasyJet. (No extra fees!) The compartments were all great.”

Another impressed flyer noted: “I have to say, it really impressed me. I easily managed to fit my essentials, including a 14-inch laptop, which had its own padded compartment – a nice touch for protection.

“The straps on this bag make it comfortable to carry around, whether you’re hiking through the airport or simply stashing it under the seat.”

It feels sturdy and well-made, which gives me confidence it’ll hold up during my travels.”

A third shopper added: “Much bigger than you expect, love this, couldn’t go wrong.

“I was amazed at how much I could fit in the bag and how it has a holster to put on my carry-on handle.

“Wow, love it. Worth every penny!”

Sale prices vary across each colour of the bag, and Amazon has marked the discount as a limited-time deal, so jet-setters will need to move fast.

ALL IN

Holiday spot slashes prices to entice Brits – from 7 nights all inclusive for £289pp


SAVE IN STYLE

The ‘perfect Ryanair underseat bag’ that ACTUALLY looks good is 40% off today

The Sun’s Travel writer Jenna Stevens spotted a similar deal on a Ryanair underseat cabin bag – and one that’s actually pretty stylish too.

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These ‘magic’ compression packing cubes can double your suitcase space

Illustration of a set of black compression bags with white mesh tops and orange zipper pulls, with air compression illustrated on one bag.

IF you’re an over-packer who constantly battles to zip your suitcase shut, this Amazon find is a game-changer.

Shoppers are rushing to buy these compression packing cubes that do far more than just organise your holiday outfits – they actively squeeze your clothes down into compact bundles, too.

Compression packing cubes can save a lot more room in your suitcase than traditional ones Credit: Amazon

While regular packing cubes can save you around 15% luggage space, compression cubes can save you up to 50% – effectively giving you another half a suitcase to fill.

Travel Compression Packing Cubes, £19.99 (was £29.99)

The cubes are slashed to nearly half-price on Amazon, where you can snap them up for just £19.99 – 33% down from the usual £29.99.

These compression cubes come in handy for all sorts of holidays, whether you’re heading off backpacking or want to pack as many Ibiza party outfits as possible.

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They even have a waterproof compartment to separate any dry and damp clothes from after your travels.

One pleased shopper said “These travel compression packing cubes were a game changer when I was travelling around Thailand with just a backpack.

“The sizes are really well thought out, making it easy to separate clothes, keep everything organised, and maximise space”.

Another shopper said “Really good packing cubes for the price I paid.

“Makes packing much easier and more organised. I wish I had bought them years ago!”

The packing cubes come in a 3, 4 or 7 piece set, and actively squeeze your items down to save space Credit: Amazon

Travel Compression Packing Cubes, £19.99 (was £29.99)

These packing cubes have rip-resistant double stitching and zip smoothly, even when you’ve stuffed them full.

Plus you’re even doing your bit for the environment by picking these cubes, as they’re made from recycled plastic bottles.

The compression packing cubes come in six different colours: grey, beige, blue, black, green and red.

As well as condensing down your clothing into tightly-packed bundles, packing cubes can be a great organising tool.

You can pick an item to bundle into each section – t-shirts, trousers, dresses, socks, toiletries – then pick a cube to pop each of them into.

That way when you need to grab something on holiday, you won’t be rummaging around in your suitcase – you’ll know exactly where to find it.

Using packing cubes can help you keep your suitcase organised Credit: Amazon

Travel Compression Packing Cubes, £19.99 (was £29.99)

Prices correct at time of publication.

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Amazon MGM executive sought kickbacks for contracts, lawsuit says

An Amazon MGM Studios executive allegedly solicited kickbacks from an aspiring vendor in exchange for post-production contract awards on shows, according to a recently filed lawsuit.

Joe Eckardt, owner and president of Hollywood-based postproduction services firm Unbreakable Post, alleged that the studio’s head of postproduction, Frank Salinas, told him during a business lunch in 2023 that Salinas could “ensure” Unbreakable Post would be included as an approved vendor to bid on Amazon-affiliated projects.

Salinas would give Eckardt the target budget number for his company’s bid and “effectively guarantee that Unbreakable would be awarded the work,” the lawsuit states.

After the contract was awarded, Eckardt would then pay Salinas a percentage of the project value as a kickback, the lawsuit says.

After Eckardt refused, he alleges that his contract opportunities with Amazon dried up.

He states in the lawsuit that although he had done “substantial” work, served as a postproduction consultant or selected vendor on shows such as the Mexico, Brazil and Argentina productions of the reality series “Temptation Island” and the third season of documentary series “Coach Prime,” he was not selected by Amazon for a contract with those projects.

In 2025, Eckardt alleges that he reported Salinas’ conduct to Amazon and after six months of information gathering, the company told him that “its investigation had concluded and that the allegations were ‘not substantiated.’”

Amazon MGM Studios did not respond to a request for comment. Salinas declined to comment.

Eckardt’s lawsuit was filed Wednesday in Los Angeles County Superior Court. He alleges that he lost more than $1 million in contracts, income and future business opportunities. He is seeking a jury trial.

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U.S. government to test AI models, expand oversight

May 5 (UPI) — The Center for AI Standards and Innovation, part of a U.S.government agency, announced Tuesday that it will test artificial intelligence models from some top firms before release to vet them for security risks.

CAISI has deals with Microsoft, xAI and Google DeepMind for this testing and targeted research “to better assess frontier AI capabilities and advance the state of AI security,” it said in a release. The center is part of the U.S. Department of Commerce’s National Institute of Standards and Technology.

This follows similar deals in 2024, under the Biden administration, with prominent AI leaders OpenAI and Anthropic, which have been “renegotiated” to fit Trump administration directives, Politico reported.

The government has increasingly shown interest in matters of AI technology and security. CNBC also reported Tuesday that the Trump administration is considering an executive order to create a process for AI oversight by the White House.

Some of this interest has been heightened by the announcement last month of Anthropic’s new Mythos AI model. The company described the model as excelling “at identifying weaknesses and security flaws within software” and limited its initial use to certain companies. These companies, including Amazon and Microsoft, will use it as part of defensive security work and as part of Project Glasswing, a cybersecurity initiative, Anthropic said.

The announcement Tuesday from CAISI said that the center has completed more than 40 evaluations of AI models so far.

“Independent, vigorous measurement science is essential to understanding frontier AI and its national security implications,” CAISI director Chris Fell said in a statement. “These expanded industry collaborations help us scale our work in the public interest in a critical moment.”

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Amazon expands supply chain services

May 4 (UPI) — Retail giant Amazon announced Monday that it will open its supply chain networks to other businesses as part of its new Amazon Supply Chain Services, which includes freight, distribution, fulfillment and shipping aspects.

Stocks for FedEx and UPS, both competitors in this field, sank about 10% Monday afternoon in response, CNBC reported, while Amazon stocks stayed steady.

The announcement from Amazon said the company has built “one of the most reliable and efficient supply chains on Earth — from freight that moves cargo across air, land and sea, to fulfillment centers that pick and pack millions of orders a day, and a parcel shipping network that delivers packages every day of the week.”

It listed the company’s more than 80,000 trailers, more than 24,000 intermodal containers and more than 100 aircraft operated with carrier partners and said that services will be offered to businesses of all types and sizes.

As part of Monday’s announcement, Amazon also announced that companies Procter & Gamble, 3M, Lands’ End and American Eagle Outfitters have signed on to use Amazon Supply Chain Services.

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New Foreign Office alert over ‘fatal’ virus soaring in 42 countries – full list

A high number of cases were reported in the last 12 months – with a 5-fold increase in some areas – and 143 deaths

Travellers have been warned about the resurgence of a disease spread by mosquitos with ‘high risk’ in 42 countries. The Foreign Office-backed Travel Health Pro website this week issued an alert over the virus spreading in parts of Africa, Central and South America, and in Trinidad in the Caribbean.

Yellow Fever can cause a serious haemorrhagic illness that can be fatal for humans. Yellow fever vaccination and mosquito bite avoidance are important preventive measures against the disease, officials said. Yellow fevefr virus can cause an illness that results in jaundice , yellowing of the skin and eyes, and bleeding with severe damage to the major organs such as liver, kidneys and heart. The mortality rate is high in those who develop severe disease.

Travel Health Pro said yellow fever is a risk in areas of 13 countries and territories in South and Central America. A high number of cases were reported from this region in 2025, with 346 confirmed human cases (including 143 deaths) from seven countries.

This represents a 5.6-fold increase in cases compared to 2024. Since the beginning of 2026, a total of 41 confirmed cases (including 18 deaths) have been reported from four countries: Bolivia, Colombia, Peru and Venezuela.

In 2024, most yellow fever cases were reported from the Amazon region. Officials said: “While YF cases continue to be reported in this area, cases have since been reported in a wider geographic area, outside the Amazon region. This includes in Sao Paulo State in Brazil and Tolima Department in Colombia. In addition, reports suggest recent human YF cases in Venezuela have occurred in an area that had not previously been considered a risk for YF disease.

READ MORE: Foreign Office 135 countries ‘high risk’ list as vaccination supplies for lethal virus low in UKREAD MORE: UK holidaymaker hotspot hit with 180 infections as authorities ban restaurant food type

“Risk of YF outbreaks in South America remains high. An outbreak in Colombia has been ongoing since mid-2024, with 153 confirmed cases (including 62 deaths) reported. The confirmed reporting of YF cases in a wider geographic area, including cases related to jungle transmission near to urban centres, increases the risk of urban outbreaks [1]. While YF vaccination is one of the most successful public health interventions to prevent YF disease, the COVID-19 pandemic, among other factors, has led to a reduction of YF vaccine cover in the local population.”

It added that yell;ow fever risk countries in Africa continue to report probable and confirmed cases. During 2024, confirmed cases of YF were reported in countries with no recent history of transmission and suboptimal vaccination coverage.

WHO also advise that in some African countries, there may be under-reporting of YF due to surveillance and data collection issues. The risk of YF transmission remains high in endemic areas of Africa. The mosquitoes (Aedes spp.) that transmit YF are common in many urban areas in Africa. This significantly increases the risk of YF spreading, especially in heavily populated areas, which could lead to the rapid onset of YF outbreaks.

Countries with a risk of yellow fever transmission as defined by the World Health Organization

Africa

  • Angola
  • Benin
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad*
  • Congo
  • Côte d’Ivoire (Ivory Coast)
  • Democratic Republic of the Congo
  • Equatorial Guinea
  • Ethiopia*
  • Gabon
  • The Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya*
  • Liberia
  • Mali*
  • Mauritania*
  • Niger*
  • Nigeria
  • Senegal
  • Sierra Leone
  • South Sudan
  • Sudan*
  • Togo
  • Uganda

Central and South America

  • Argentina*
  • Bolivia*
  • Brazil*
  • Colombia*
  • Ecuador*
  • French Guiana
  • Guyana
  • Panama*
  • Paraguay*
  • Peru*
  • Suriname
  • Trinidad and Tobago*
  • Venezuela*

*Only some parts of this country have a risk of yellow fever disease. Remaining areas either have low potential for yellow fever transmission or no risk.

Signs and symptoms

YF varies in severity. The infection has an incubation period (time from infected mosquito feeding to symptoms developing) of three to six days. Initial symptoms include myalgia (muscle pain), pyrexia (high temperature), headache, anorexia (lack of appetite), nausea, and vomiting. In many patients there will be improvement in symptoms and gradual recovery three to four days after the onset of symptoms.

Within 24 hours of an apparent recovery, 15 to 25 percent of patients progress to a more serious illness. This takes the form of an acute haemorrhagic fever, in which there may be bleeding from the mouth, eyes, ears, and stomach, pronounced jaundice (yellowing of the skin, from which the disease gets its name), and renal (kidney) damage. The patient develops shock and there is deterioration of major organ function; 20 to 50 percent of patients who develop this form of the disease do not survive [22]. Infection results in lifelong immunity in those who recover.

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