overtakes

Major airport overtakes London Heathrow to be Europe’s busiest

ONE airport in Europe has just become the most busy on the continent – beating London Heathrow’s record.

It’s about to get even busier too as it’s preparing to open a fourth runway later this year.

Istanbul Airport will open a fourth runway later this year Credit: Shutterstock Editorial
The hub that opened in 2018 is hoping to get millions of passengers by 2028 Credit: Alamy

In the hope to get up to 200million passengers by 2028, Istanbul Airport in Turkey is increasing the amount of runways it has from three to four.

Kadri Samsunlu, the CEO of İGA revealed the fourth runway was being been constructed at the cost £428million, according to local media.

At the moment, the hub has a rare triple runway – and it was the first hub in Europe to have one.

Essentially, it means the airport can have three flights take off or land at the same time.

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As a result, it increases the airport’s hourly traffic capacity from 120 to 148 aircraft movements.

The airport recently saw a record-breaking number of passengers through its doors with 289,260 people passing through the hub on August 1, 2026.

That makes it even busier than London Heathrow, which saw exactly 270,869 passengers in 24 hours.

Istanbul Airport handled a total of 39.92 million passengers in January-June.

These figures show an increase from 39.25 million in the same period of last year, according to data from the General Directorate of State Airports Authority (DHMİ).

Istanbul Airport is the second airport in the city and officially opened in late October 2018, before becoming fully operational in April 2019.

Istanbul Airport in Turkey is now the busiest airport in Europe Credit: Getty

It was even announced as being the ‘world best’ in 2024, according to Travel + Leisure.

Inside, the airport has sleep pods for anyone with a layover who wants to take a nap.

It also has business pods for those needing to take work calls.

For passengers aged between 15 and 30 years old, there is a Youth Lounge Area with lots to do, it has a PlayStation, music, snacks and four hours of free Wi-Fi.

The airport even has its own spa offering wellness treatments and massages and TV-viewing areas as well as a museum and library.

What is it like to travel through Istanbul Airport?

THE Sun’s Assitant Travel Editor Sophie Swietochowski visited the airport in 2024 – here’s what she found…

“If there’s one airport I wouldn’t mind being seriously delayed in, it’s Istanbul in Turkey.

“The place is vast and shiny with enough food (for any budget), shopping (think chic clothes and hand-painted kitchenware), and entertainment (there’s even a library home to 2,000 books) to keep you occupied for hours on end.

“Better still, if your flight gets cancelled you won’t even need to endure the faff of security again as the large Yotel sits airside.

“I visited last year and couldn’t have been more grateful for the size of the place, meaning I could whizz straight past the screaming kids in the massive Lego store and head straight to the food courts where I had no problem finding a quiet seat for a drink – Çay Saati has traditional Turkish tea.

“In fact many stores in the airport blend Turkish traditions with the modern world and you could certainly get a flavour of Turkey without ever leaving the terminal.

“The size of the place comes with a downside, though. Make sure you keep an eye out for your gate as it will take you a while to walk there – and try not to get lost on the way.”



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SpaceX overtakes Amazon to become the world’s fifth most valuable company

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Elon Musk’s space and AI conglomerate ended its third day of public trading worth roughly $2.65 trillion (€2.28tn), having displaced Amazon in the global market-capitalisation rankings.


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The stock settled at $201.8 per share, in a debut week that has rewritten the upper reaches of the world’s equity leaderboard at remarkable speed.

The milestone caps an already extraordinary stretch for the company, which listed on the Nasdaq under the ticker SPCX only last Friday.

SpaceX priced 555.6 million Class A shares at $135 each, raising around $75 billion (€65bn) in what was the largest initial public offering in history, comfortably eclipsing the $29.4 billion (€25.3bn) that Saudi Aramco raised in 2019.

The company also increased the total capital raised to $85.7 billion (€73.8bn) after underwriters exercised the “greenshoe” option to purchase additional shares on Monday due to exceptional demand.

At Tuesday’s close, the stock was trading more than 50% above its IPO price.

During the trading session, share prices climbed as high as $225.6, briefly pushing SpaceX’s valuation above $3 trillion (€2.58tn) and, for a moment, ahead of Microsoft as the world’s fourth most valuable company.

The stock later pared those gains, closing below that threshold, but the intraday spike underscored the intensity of investor appetite for the listing.

Based on Tuesday’s closing prices, only Nvidia ($5tr), Alphabet ($4.5tr), Apple ($4.4tr) and Microsoft ($2.9tr) had larger market capitalisations than SpaceX. Eight of the world’s ten most valuable listed companies are tied to the technology and AI sector, a concentration that has defined markets throughout 2026.

The Cursor deal fuels the surge

Tuesday’s advance coincided with a significant strategic move.

Before the opening bell, SpaceX announced an all-stock agreement to acquire Anysphere, the developer behind the AI coding assistant Cursor, in a deal valuing the startup at $60 billion (€51.7bn).

According to a regulatory filing, a SpaceX subsidiary will merge into Anysphere, leaving Cursor as a wholly owned arm of the group, with completion expected in the third quarter, subject to regulatory approval.

The purchase deepens SpaceX’s push into enterprise AI, a market where rivals such as OpenAI and Anthropic have gained early commercial traction, and it follows the company’s merger with Musk’s xAI venture in February.

The acquisition stems from an option SpaceX secured in April, under which it agreed either to acquire Cursor for $60 billion (€51.7bn) later this year or pay $10 billion (€8.6bn) for a more limited partnership to access its computing technology.

However, despite all the positive news, the speed of the climb has drawn caution.

Sceptics argue that SpaceX remains overvalued, given that it has yet to turn a profit and only 3% to 4% of its total equity is publicly traded.

A fast-track route into major stock indices, which compels passive funds to buy the shares, is expected to further amplify demand for the limited supply of shares in the opening days of trading.

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

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