debut

MYLES Smith reveals he was physically abused by his father in his heartbreaking debut album My Mess, My Heart, My Life. 

The Luton-born star, who was raised by his mother Deborah, recalls his difficult childhood in emotional tracks My Mess and Grandma’s House. 

Not since Lewis Capaldi’s astonishing 2019 album Divinely Uninspired To A Hellish Extent have I heard a more impressive and honest debut record, with Myles pouring his truth into the 15-track album. 

Created over the past three years, as Myles’ career went stellar thanks to his 2024 runaway hit Stargazing, the star takes his fans back to his beginnings. 

Lead track My Mess reduced me to tears as Myles regaled his relationship with his father against a backdrop of an upbeat, acoustic guitar. 

He sings, “I was born into a fractured family, where a word can start a war. 

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“Lost my tongue, when I spoke my peace, yeah he grabbed my shirt and he bruised my cheek. 

“Sad a man had to go toe to toe with a boy thirteen.” 

Emotion-packed Grandma’s House, where Myles, 28, recalls finding his safe space as his mum Deborah worked to make ends meet, is packed with emotion and reflection. 

On the track he sings: “Take me back to my Grandma’s place. 

“I was 7 years old when I learnt how to cook, and 10 when I started to sing. 

“Oh she’d bring me to church, and she’d cover my ears, when my Dad would scream horrible things.” 

Myles’ signature acoustic guitar underpins every track, with Hate You untangling the realities of navigating love and Sertraline seeing Myles exploring mental health and complexities surrounding it. 

This is an album for the brokenhearted and the hopeful, with the beautifully worded Lifetime and the dreamy vocals on Heaven – which is my favourite song on the record – seemingly bringing Myles’ the happy ending he’s been searching for. 

Over the past two years, Myles has grown in prominence – winning the Brit Awards Rising Star gong as well as earning an Ivor Novello Award for Stargazing. 

To date Myles has amassed over 4.7billion streams worldwide and is one of our country’s most exciting new stars. 

Opening up about the record, Myles said the album was born out of “therapy notes, old memories, relationships, insecurities, heartbreaks, mistakes and all the moments that shaped me.” 

The latter half of the album moves towards a positive note, with Nice To Meet You and Gold showing Myles coming out on the other side. 

Myles said: “It was important to end the album, and particularly this project on a high. 

“I feel like I always try to mirror my music with my live shows and my live shows are always about taking people on an emotional journey and then sending you home happy. 

“It is that sense of hope which lingers on as Gold closes the album. 

“Even though I may appear miserable for a lot of this album, I genuinely always walk with hope and I walk with joy at the end of the day.” 

Heaven, mark my words, will become a live show staple for Myles, who with My Mess, My Heart, My Life has more than proven he can hold up against the greats when it comes to writing songs about love and loss. 

★★★★★

Lotts of stars at V&A

It was all-white on the night for Maya Jama and Pixie Lott as they stood out in these dresses at the V&A Museum’s summer party.

They were joined at the bash by model Leomie Anderson, in an open white suit with gold jewellery, Ellie Goulding sporting a blazer dress, and Sir Mick Jagger with his fiancee Melanie Hamrick.

Once inside the museum, in London’s South Kensington, guests got the chance to schmooze around the exhibits, while Jessie Ware sang live in a sequin gown.

With tickets flying for her autumn tour, they were lucky to see her.

But access to the fundraiser, for those who did pay, cost £3,999. That is one expensive night out.

KAISER CHIEFS frontman Ricky Wilson will play Teen Angel in Grease: The Immersive Movie Musical.   

The show is being put on by Secret Cinema from July to September at Evolution London in Battersea Park. 

Ricky, left, said: “At school I was in Grease. I was not yet the pop sensation I am today and I only really wanted to do it because I fancied the girl who played Frenchie,  

“I was Doody, so this is my chance to show everyone I should’ve got a bigger part.  

“I don’t believe anyone from that production is now a professional singer – so in short, I win.” 

Sian’s up for toy techover

You will hear some surprisingly familiar voices in Toy Story 5 if you head to the cinema this weekend – as Capital Breakfast’s Jordan North and Sian Welby have landed roles.

They voice a garden gnome and inflatable flamingo in the long-awaited Pixar sequel, and mum-of-one Sian has high hopes for its impact.

Speaking about the film, which is about tech replacing toys, Sian, right, said: “I do think it’s going to start a massive conversation about screen time.

“It made me want to smash every bit of tech in my house and just get out in the grass and play all the games that I did growing up.

“I think a lot of us are going to watch it and feel guilt. It’s sad we have to grow up so fast because there’s so much magic when you’re younger.”

Best-selling novel One Day is coming to the West End as a musical.

The David Nicholls love story – which has previously been adapted for both the big and small screen – will premiere at London’s Garrick Theatre on November 17, following shows in Edinburgh earlier this year.

Tissues and jazz hands at the ready.

MNEK is back in reverse

MNEK is returning with his first album in eight years.

The singer has today released the single Reverse!!, which samples Lethal Bizzle’s Pow! (Forward) and will be on his Bulldozer record this autumn.

Also out now is Jax Jones’ Pulling Me Back, Tiny Habits’ Anything He Was featuring Matty Healy from The 1975 and Grow Down by Luca George.

Ahead of his opening night in Jesus Christ Super-star in London, Sam Ryder has released What’s The Buzz.

And to support England’s World Cup efforts, Kerry Katona has re-recorded Atomic Kitten’s Whole Again as Home Again to raise cash for kids in care.

She said: “Even if you think it’s s***, please download it so we can give back.”

If there is a stage that is too big for Erling Haaland, we’re yet to find it.

A hat-trick on his Champions League debut for RB Salzburg, a hat-trick on his Bundesliga debut for Dortmund, a double on his Premier League debut for Manchester City, and now two goals on his World Cup finals debut, inspiring Norway to a 4-1 win over Iraq.

The 2026 World Cup might be six days in, but it felt as if it really began on Tuesday, with Kylian Mbappe inspiring France to a 3-1 victory over Senegal with two superb goals which made him Les Bleus’ all-time leading scorer.

Little over an hour later, Haaland strode out for his first World Cup appearance and picked up the gauntlet thrown by Mbappe, nearly 18 months his senior, with a display full of desire, as well as the goals we have come to expect.

Norway manager Stale Solbakken said afterwards: “You can see he lived up to the occasion – it wasn’t too big for him.

“I had a good feeling before the game, the last training session was very good. I had a feeling he would do it for us today.”

Iraq head coach Graham Arnold added: “He’s just an amazing number nine. We dealt with him quite well for a lot of the game [but] at the end of the day he’s a top striker.

“Norway could shock a lot of people with the team they have. They could go a very long way.”

Arnold spoke to Haaland after the final whistle and revealed: “I just said to him: ‘You’re one of the best number nines I’ve ever seen.’ He’s so strong, so quick and he’s just lethal.”

Published on
12/06/2026 – 17:57 GMT+2

The moment that Wall Street had anticipated all year arrived on Friday as SpaceX, the AI and aerospace company controlled by Elon Musk, began trading publicly on the Nasdaq in the largest initial public offering (IPO) in the history of financial markets.

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In a speech before the New York session opened for trading, Musk stated that SpaceX’s goal is to “take the fiction out of science fiction.”

SPCX opened at $150, over 10% above its $135 IPO price, and it was already at more than $160 after the first few minutes of live trading.

The company confirmed on Thursday that it had priced 555.6 million Class A shares at $135 each, valuing the firm at roughly $1.78 trillion (€1.54trn) and targeting a raise of $75 billion (€64.5bn) that instantly eclipsed Saudi Aramco’s $29.4 billion (€25.4bn) listing, which had stood as the global record for almost seven years.

Only around 3% to 4% of SpaceX shares are currently available for public trading.

The company earmarked as much as 30% of its offering for retail investors, including 10% dedicated to European buyers, but the final amount was set at 20%. As for options contracts on SPCX, they are scheduled to begin trading next week.

The IPO has also brought Elon Musk closer to becoming the world’s first trillionaire.

Forbes valued his pre-IPO SpaceX stake, estimated at around 42% of the company, at about $500bn (€435bn). At the IPO valuation, those holdings are worth roughly $690bn (€600bn), adding nearly $190bn (€165bn) to his fortune and pushing his net worth closer to the $1tn (€870bn) milestone.

Along with Musk, thousands of SpaceX employees are benefitting from the IPO and becoming millionaires.

The listing will give millions of savers indirect exposure to SpaceX as the company is expected to qualify for major stock market indexes shortly after its debut, meaning its shares could be automatically purchased by index-tracking funds.

SpaceX is estimated to be fast-tracked into the Nasdaq-100 in less than a month, as opposed to a typical wait of as much as a year.

Nasdaq’s new fast-entry rule, introduced in May, now sees it evaluating newly listed stocks for potential entry ‌by ranking ⁠their market capitalisation on the seventh trading day and assessing whether they would rank within the top 40 index members.

SpaceX is already in the top 10.

Among other changes announced, the rule that requires companies to float a minimum of 10% of their shares was also scrapped.

Analysts estimate that funds tracking the Nasdaq-100 will be required to purchase at least $7bn (€6bn) worth of SpaceX shares around the inclusion date, creating a wave of mechanical demand.

SpaceX has also already become eligible for inclusion in both the Russell US Equity Indexes and the FTSE Global Equity Index Series under the newly announced fast-entry rules from the index provider FTSE Russell.

The S&P 500, however, will not adopt a similar fast-track approach.

S&P Dow Jones Indices confirmed in early June that it would maintain its 12-month seasoning requirement and GAAP profitability test, meaning SpaceX will not join the index before mid-2027.

This is a developing story and will be updated as more information becomes available.

This article does not constitute financial advice, always do your own research and invest according to your specific circumstances.

Erling Haaland swapped the football pitch for the ice rink as he and his Norway team-mates took in a Stanley Cup match.

The Norway contingent provided lively support for the Carolina Hurricanes in game five of the NHL play-off series against the Vegas Golden Knights on Thursday.

The Manchester City forward, who will make his long-awaited World Cup debut against Iraq on 16 June (23:00 BST), cut a relaxed figure at the Lenovo Centre in Raleigh, waving to the crowd when the Norway team appeared on the scoreboard screen and swinging a Hurricanes rally towel around his head.

Arriving at the game in a grey polo shirt, he was later filmed beaming in a white and red Hurricanes jersey emblazoned with the number nine – the same number he wears for both club and country.

The Hurricanes, targeting their first Stanley Cup crown for 20 years, lead the Golden Knights 3-2 in the best-of-seven series, completing a 4-2 regulation win in game five.

Norway are playing at their first World Cup since 1998 – and their first major tournament since Euro 2000 – and have already made a mark despite not starting their campaign until next Tuesday.

SpaceX is set for the largest stock market debut ever.

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Elon Musk’s rocket company begins trading on the Nasdaq on Friday under the ticker SPCX. The company priced its shares at $135 each, raising $75 billion (€64.5bn) and valuing the business at $1.75 trillion (€1.5trn) in the biggest stock market flotation on record.

The deal would comfortably eclipse Saudi Aramco’s previous record of $29.4bn, set in 2019 and later increased through an overallotment option.

SpaceX made an unusually strong push to attract retail investors, including those in Europe. According to Bloomberg, individual investors placed roughly $100bn (€86.6bn) in orders through trading platforms including Robinhood, Fidelity and SoFi during the IPO process.

That demand alone exceeded the company’s $75bn (€64.5bn) fundraising target, underscoring the level of interest from smaller investors ahead of the stock market debut.

Yet beneath the hype, several warning lights are flashing. Here are five risks investors should weigh before the SpaceX IPO goes live.

1. Is SpaceX worth $1.75tn?

At a valuation of $1.75tn (€1.5trn), investors would be valuing SpaceX at roughly 94 times its annual revenue, which was $18.7bn (€16.1bn) in 2025. By comparison, Nvidia — one of the market’s most highly valued technology companies — trades at less than a quarter of that level.

The investment research firm Morningstar, which values the company at $780bn (€675bn), called it “significantly overvalued” while Goldman Sachs data suggests sustaining the share price would require revenues above $100bn (€86.6bn) by 2030, implying a compound annual growth of more than 40%.

History offers a note of caution. Research by University of Florida professor Jay Ritter, often referred to as “Mr IPO”, found that while IPOs between 2012 and 2021 rose an average of 23.6% on their first day of trading, they returned just 10.6% over the following three years.

2. Fast-tracked into indexes and supported by a small float

SpaceX’s expected inclusion in major stock indexes has become a point of controversy. Investment officials from four large US states have urged Nasdaq and FTSE Russell to explain recent rule changes that could accelerate the company’s entry into widely tracked benchmarks.

Critics argue the move could expose passive investors to a highly valued stock sooner than expected, while the index providers say the changes reflect broader market developments.

The debate matters because relatively few SpaceX shares will initially be available for trading. Although SpaceX is valued at $1.75tr (€1.5trn), only around 3% to 4% of its shares will initially be available for public trading.

That means the company’s market value will be determined by trading in a relatively small portion of its equity. Reports suggest more than 75% of the $75bn (€64.5bn) offering has already been allocated to existing investors and insiders, leaving fewer shares available on the open market.

According to Morningstar, the limited float and strong demand for artificial intelligence-related stocks could help support the share price in the early stages of trading, even if the company is valued above what the research firm considers fair value. The firm argues that a clearer picture of investor demand may emerge once lock-up restrictions expire and more shares become available for trading.

Some analysts, however, believe the limited float could continue to support the stock. Estimates suggest between $22 billion (€19bn) and $27 billion (€23.4bn) of passive investment could flow into SpaceX once it joins the Nasdaq 100, creating additional demand from index-tracking funds.

3. Losses, not profits

SpaceX’s financial results may also give investors pause.

The prospectus shows that the company is growing rapidly but still losing money.

The company owns the Starlink satellite internet service, which generates most of its revenue and is its only profitable business. It also owns the artificial intelligence company xAI, which merged with SpaceX in February.

According to the filing, SpaceX carried an accumulated deficit of $41.3bn (€35.76bn) as of 31 March and reported a net loss of $4.27bn (€3.7bn) in the first quarter of 2026.

This compares with $528mn (€457mn) in the same period a year earlier.

Much of the recent loss stems from xAI. According to SpaceX’s IPO filing, the AI business recorded an operating loss of about $6.4 billion (€5.5bn) in 2025. The filing also showed xAI spent heavily in the opening months of 2026 as it expanded its AI infrastructure.

Morningstar argues the AI unit “poses a material threat of value destruction”, noting that Grok has yet to win meaningful market share against rival chatbots.

Supporters counter that the losses are a choice, not a structural flaw.

Revenue climbed 33% to $18.7bn (€16.2bn) in 2025, up from $14.1 billion (€12.2bn) a year earlier. The underlying launch and satellite business was profitable as recently as 2024. The deficits largely reflect heavy investment in AI infrastructure, spending that supporters say is already beginning to be offset by new compute contracts.

4. The AI growth gamble

Supporters argue investors are paying for future growth rather than current profits.

Starlink remains the company’s main source of revenue, while its artificial intelligence business is expected to play a larger role in the years ahead.

Bulls also point to SpaceX’s dominant position in rocket launches and satellite communications, arguing the company is uniquely placed to benefit from growing demand for connectivity, computing power and AI infrastructure.

SpaceX conducts more rocket launches annually than the rest of the world combined and counts over nine million Starlink subscribers, but its newest growth driver is the AI data-centre business acquired through the xAI merger.

Last Friday, Google agreed to pay SpaceX $920 million (€796.6mn) per month for compute capacity at xAI data centres, in a 32-month deal running from October 2026 through June 2029, and covering access to roughly 110,000 Nvidia GPUs.

That followed a May agreement under which Anthropic pays $1.25 billion (€1.08bn) a month to rent the entire output of the Colossus 1 data centre until May 2029, putting combined annualised compute revenue at around $26 billion (€22.5bn).

Bulls argue this contracted income, won in under four months, shows how quickly the company can monetise its infrastructure. Sceptics note that both contracts carry 90-day termination clauses after December 2026, and that Google itself has framed the arrangement as “bridge capacity” rather than a permanent commitment.

5. The Elon Musk-sized risk

SpaceX’s success is closely tied to Elon Musk, whose profile and track record have helped attract investors, customers and business partners. That creates what investors call “key-person risk” — concerns about how the company would fare if he were no longer leading it.

The company’s governance structure reinforces that dependence. Musk’s super-voting Class B shares give him around 85% of voting power, leaving outside shareholders with little influence over major corporate decisions. In practice, that means no one but Musk himself can determine whether he remains chief executive.

Critics also point to SpaceX’s incorporation in Texas, where only investors holding at least 3% of shares can bring derivative lawsuits. The Danish academic pension fund AkademikerPension has blacklisted the stock, describing the governance structure as “catastrophic”.

Supporters argue that dual-class share structures are common among US technology firms, including Meta and Alphabet. They say concentrated voting control allows founders to pursue long-term goals without pressure from short-term investors.

Musk’s prominence also brings political risk. US Senator Elizabeth Warren has urged the Securities and Exchange Commission to scrutinise the listing, warning that future index inclusion could expose millions of passive investors to the stock without them actively choosing it.

Others note that the SEC completed its review faster than expected, allowing the IPO process to move ahead without delay and suggesting regulators see no immediate obstacle to the listing.

Disclaimer: This information does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances. Also remember, we are a journalistic website and aim to provide the best guides, tips and advice from experts. If you rely on the information here, then you do so entirely at your own risk.

Angels first baseman Trey Mancini, a cancer survivor and former Baltimore slugger, had three hits in his first major league game since 2023 on Monday night in a 5-4 loss to the Houston Astros in 10 innings.

Mancini delivered a run-scoring single in the second inning in his first at-bat. He singled again leading off the fourth before adding a third single in the eighth.

The Angels selected the contract of Mancini and put him in the lineup at first base against the Astros after putting infielders Vaughn Grissom (left oblique strain) and Adam Frazier (right elbow inflammation) on the 10-day injured list.

Mancini, 34, agreed to a minor league contract with the Angels in February, a deal that included an invitation to major league spring training. Mancini hit .273 with six homers, 29 RBIs and three steals for triple-A Salt Lake this year.

Mancini has batted .263 with 129 homers and 400 RBIs over parts of seven seasons in the majors. He played parts of six seasons with the Orioles and hit a career-high 29 homers in 2019.

Mancini then missed the 2020 season after surgery to remove a malignant tumor from his colon. He made a successful return to the Orioles in 2021, and he won a World Series ring in 2022 after Baltimore traded him to Houston.

He spent part of the 2023 season with the Chicago Cubs. He has since played in the minor league systems of the Reds, Marlins and Diamondbacks.

Mancini opted out of a minor league deal with Arizona last July after batting .308 with 16 homers for triple-A Reno.

Grissom’s move to the IL was retroactive to Friday. Frazier’s move was retroactive to Saturday.

The Angels also recalled infielder Denzer Guzman from Salt Lake and transferred infielder Yoán Moncada to the 60-day injured list.

England’s Emilio Gay falls for eight on Test debut as he’s caught off the bowling of Kyle Jamieson with the home side 16-1 on the first morning of the first Test against New Zealand at Lord’s.

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