Micron, one of only a handful of companies able to make advanced memory chips at scale, said on Wednesday that revenue in the third quarter reached $41.4 billion (€36.5bn), more than four times the $9.3 billion (€8.2bn) it recorded in the same period last year.
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The figure also comfortably beat the roughly $35.7 billion (€31.4bn) analysts had forecast, while profit climbed even more dramatically.
The Idaho-based group posted net income of $28.24 billion (€24.9bn), or $24.67 per share, against less than $2 billion (€1.7bn) a year ago. Adjusted earnings of $25.11 a share sailed past the $20.49 expected.
The market reaction to the impressive results was immediate.
Micron shares rose more than 15% in after-hours trading to around $1,213, leaving the company valued at roughly $1.16 trillion (€1tn).
The stock has now climbed about 700% over the past year, one of the most dramatic re-ratings of any large company through the AI boom, reflecting a fundamental shift in the economics of the AI build-out.
The vast data centres being constructed by hyperscalers such as Amazon, Microsoft, Google and Meta, which have collectively earmarked hundreds of billions of dollars in capital spending this year, depend on enormous quantities of high-bandwidth memory, a specialised chip that sits alongside the processors made by Nvidia and others.
Micron has said its entire 2026 output of these chips is already sold out under fixed-price contracts.
According to CEO Sanjay Mehrotra, the results reflect what he called the strategic value of memory in the AI era.
The company pointed to a series of multi-year customer agreements that it expects to make earnings more durable and predictable, a notable claim in an industry long defined by brutal boom-and-bust cycles.
Margins to rival the biggest names
What has startled analysts most is Micron’s profitability.
The company reported a gross margin of around 85% for the quarter, a level that now rivals or exceeds those of far larger technology names such as Nvidia and Meta, an extraordinary position for a memory maker historically squeezed by volatile chip prices.
The tightness of supply, with new factories not expected to add meaningful output until 2028, has handed producers exceptional pricing power.
Micron’s guidance was more striking still.
The company expects revenue of around $50 billion (€44bn) in the current quarter and adjusted earnings of roughly $31 a share, implying the boom is accelerating rather than fading. It is ramping up investment to match, lifting planned capital spending to about $27 billion (€23.7bn) this fiscal year and signalling a further jump in 2027, management told analysts during the earnings call.
The results offer reassurance to investors betting that AI infrastructure spending remains robust, with Micron’s order book serving as a real-time gauge of that demand.
The open question, as ever in the memory industry, is how long the upswing can last before supply catches up. Even the most bullish observers acknowledge that risk has not completely disappeared.
SpaceX shares closed at $154.63 on Monday, down around 16% on the day. That leaves them within touching distance of the $150 at which the shares first changed hands when public trading opened, the level set once underwriters finished building the order book, though still some way above the $135 price at which the IPO itself was struck.
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The slide has erased more than $600 billion (€524.2bn) in market value over three trading days, dragging the company down from a peak that had lifted it past Amazon and, fleetingly, Microsoft, in terms of market capitalisation.
Its valuation now sits just above $2 trillion (€1.74tn), below Taiwan Semiconductor Manufacturing Company (TSMC), making it the seventh most valuable company in the world.
The retreat unwinds a remarkable opening run.
After the open at around $150 on 12 June, shares climbed to almost $226 by 16 June, a gain of roughly two-thirds before the company had published a single set of results as a public firm.
Currently, SpaceX is trading over 30% lower than the intraday high of around $226 and only 3% higher than the opening price.
That rally always rested on a thin pool of freely traded shares and lofty expectations for its AI ambitions, leaving it exposed to a sharp reversal once sentiment turned.
Tapping debt to fund the AI push
The latest leg down on Monday coincided with SpaceX’s first move into the corporate debt market.
The company announced an inaugural offering of senior unsecured notes, with people familiar with the plans reportedly putting the target at around $20 billion (€17.4bn).
The proceeds are earmarked chiefly to repay a bridge loan taken on during its merger with Elon Musk’s AI venture xAI earlier this year, with the remainder going to general corporate purposes.
The debut bond sale follows the investment-grade credit ratings awarded last Friday by all three major agencies, Moody’s at Baa1, Fitch at BBB+ and S&P Global at BBB, which open the door to cheaper borrowing and a wider pool of institutional lenders.
In documents tied to the offering, SpaceX also disclosed a cash position of roughly $100.8 billion (€88bn) as of 19 June, much of it raised in the IPO, alongside $29.1 billion (€25.4bn) of long-term debt.
That mix of vast cash reserves and fresh borrowing so soon after a record flotation has unsettled some investors, who see the rapid fundraising as a sign of heavy spending ahead as SpaceX scales its AI and data centre plans.
Opting for debt rather than new shares does, however, spare existing shareholders further dilution, preserving their economic stake while the company funds its expansion.
This photo, taken Monday, shows the trading room of Hana Bank in Seoul as South Korean stocks closed above the 9,100-point mark on a semiconductor rally and optimism over a U.S.-Iran deal. Photo by Yonhap
South Korean stocks finished at an all-time high Monday on a continued rally in semiconductor shares amid signs of progress in U.S.-Iran talks to end their monthslong war in the Middle East. The local currency lost against the U.S. dollar.
After opening 1.08 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) added 62.13 points, or 0.69 percent, to 9,114.55 after rising as high as 9,253.00.
Trade volume was moderate at 377.2 million shares worth 41.4 trillion won (US$26.9 billion) with losers outnumbering winners 739 to 148.
Retail investors and institutions were net buyers, purchasing 2.15 trillion won and 308.4 billion won, respectively, while foreign investors sold a net 2.55 trillion won.
On Sunday, Washington and Tehran wrapped up their first talks and agreed on a road map to reach a final deal within 60 days, according to a statement issued by the mediating countries of Qatar and Pakistan.
The negotiations had been at risk of breakdown as Tehran said it had closed the Strait of Hormuz and U.S. President Donald Trump had repeated his threats to resume attacks on Iran.
“Negotiations went smoothly in general despite some aggressive messages, which were considered short-lived noises,” said Kang Jin-hyeok, an analyst from Shinhan Securities.
Semiconductor shares ended in positive territory.
Chip giant SK hynix jumped 5.61 percent to 2.92 million won, surpassing Samsung Electronics in terms of market capitalization for the first time.
SK Square, the parent of SK hynix, surged 10.67 percent to 1.97 million won, and Hanmi Semiconductor, a leading chip manufacturing equipment provider, increased 2.2 percent to 301,500 won.
Defense giant Hanwha Aerospace advanced 0.27 percent to 1.13 million won, and Korea Aerospace Industries (KAI) climbed 1.43 percent to 148,600 won.
However, Samsung Electronics dropped 0.14 percent to 353,500 won, and Samsung Electro-Mechanics, an electronic components manufacturing affiliate of Samsung Electronics, lost 1.85 percent to 2.23 million won.
Top carmaker Hyundai Motor decreased 5.22 percent to 581,000 won, and leading battery maker LG Energy Solution dipped 4.7 percent to 385,500 won.
Samsung Life Insurance slid 9.36 percent to 450,500 won, and pharmaceutical giant Samsung Biologics retreated 5.75 percent to 1.3 million won.
The Korean won was quoted at 1,537 won against the U.S. dollar, down 10 won from the previous session.
Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 2.6 basis points to 3.810 percent, and the return on the benchmark five-year government bonds added 3.9 basis points to 4.044 percent.
Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.
JESY Nelson has shared her twin daughters’ spinal braces with an emotional message ahead of the upcoming Parliament debate.
The mum-of-twomade a candid post explaining her daughters now have to wear them every day.
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Jesy Nelson has shared her twin daughters’ spinal braces with an emotional message ahead of the upcoming Parliament debateCredit: Tiktok/JesynelsonThe mum-of-two appeared on social media in an emotional post explaining her daughters now have to wear them every dayCredit: Instagram/Jesynelson
Jesy shared a snap of her twin daughters Ocean and Story’s spinal braces as she urged fans to attend the Parliament debate on SMA screening.
She captioned the image: “Just a reminder that future SMA babies’ lives don’t need to look like this!
“These are Ocean and Story’s spinal braces that [they] now have to wear every day.”
Jesy also shared a snap of the Parliament debate poster and wrote: “I hope to see as many of you there tomorrow. It’s going to be a big day.”
Jesy also shared a snap of the Parliament debate posterCredit: Instagram/JesynelsonOcean Jade and Story Monroe were born prematurely in May last year and were diagnosed with Spinal Muscular Atrophy (SMA) Type 1Credit: Instagram/JesynelsonJesy recently spoke out about the unjust and “nsane” SMA “postcode lottery” – which “decides if children will be disabled or not”Credit: InstagramJesy has fought hard to get SMA heel prick testing on the mapCredit: Instagram/Jesynelson
It comes after Jesy spoke out about the unjust and “nsane” SMA “postcode lottery” – which “decides if children will be disabled or not.”
The loving mum appeared on social media in a candid video expressing her deep frustrations over ‘unfair’ Spinal Muscular Atrophy (SMA) heel prick testing.
The X Factor star – who has racked up over 150k signatures – is calling for SMA to be tested for at birth regardless of where you live.
The debate is set to take place tomorrow, June 22, and, if granted, SMA screenings will be added for newborns.
Jesy is calling for SMA screenings to be added for newborns all over EnglandCredit: InstagramThe singer shared the areas currently missing out on screeningCredit: Tiktok/Jesynelson
In the emotional video, the singer said: “I just wanted to come on here to basically chat about a few things that are just so incredibly important to me and I know so many other people.
“Some of you may be aware of the fact that I’ve been trying to get SMA as part of the heel prick test here in England, and thank God for you guys, the signatures got over 150,000 and because of that, it is now going to get debated in parliament this Monday coming up, which is just crazy to me to know that we did that and I just need you guys to know that this has never been debated in parliament before.
“There has been a whole community of people that have been screaming and shouting about this for years and years and years, and it’s never been able to get this far, because it’s been ignored every single time.
“But you guys did it, because you made enough noise and you supported this and you got it there and I cannot thank you guys enough…
“So many thoughts have been going through my mind over this week, because every time I think about it, I’m like, how am I going to Parliament on Monday to debate whether children, future children, are going to be disabled or not?
“That’s how deep it is, because if your child gets this treatment from birth with a simple heel prick test and they get this treatment, you would not even know that they have SMA.
“That’s how deep it is, right? That is how life-changing this treatment is. You would not even know that your child has SMA, but if they don’t get this treatment and they don’t get the heel prick test, they will go on to be disabled…
“And not only be disabled, but they will go on to have breathing machines, coughing machines, constant operations. It never ever ends.
“And I still can’t believe that in this day and age, when we’ve had three life-changing treatments now for nearly six years, it’s still a thing. It’s still not here in England.
“It is being rolled out in October, but only in certain parts of England.
“How does that make sense? How are we playing postcode lottery with children’s lives? How is that okay? I cannot stress you how important this is.
“This is our future, future children we are deciding on. Mums now that are currently pregnant and maybe about to have a baby that could potentially have this disease. We’re basically going to decide whether they’re going to be disabled or not, like it blows my mind.
“And I just seem to stress this so much, because that’s how deep it is. We are playing with children’s lives and it is not okay.
“It’s not okay to be like, if you live in this area, your child won’t be disabled, but if you live in this area, yeah, they’ll be disabled.
“We’re not doing this anymore. We’ve made too much noise now for this to be ignored.
“Anyway, sorry for getting irate about this, but it makes me so sad to think that my children’s lives could look so different and not only my children’s lives, but so many other families and children are dealing with this across the whole of England.”
Alongside the tear-jerking post, she added: “We have had some amazing news that screening is due to start in October this year, which is a huge step forward!
“But there’s still a big problem… it will only cover 72% of England. That means some babies won’t be screened simply because of where they live.
“A postcode lottery like that just isn’t fair. Every baby deserves the same chance, everybaby’ss life matters!
“On Monday 22nd June, the petition will be debated by MPs in Parliament. I’ll be there alongside @gileslomax from SMA UK and we’re hoping this debate will help push for screening to be available for every newborn across England.
“We’ll be arriving at 5pm on Monday, and it would mean so much to see as many of you there as possible. We’d love to get a photo together outside Parliament before we head inside.
“Please if you can, tag your MP in the comments and ask them to attend the debate and support universal newborn screening for SMA.
“No baby should miss out because of their postcode. Let’s keep fighting until every newborn has the same opportunity. Thank you for standing with us every step of the way!”
Jon was the face of Channel 4 News from 1989 to 2021 and became one of the nation’s most trusted broadcasters before he decided to step down from his role after 32 years to focus on ‘longer-form projects’.
On Saturday evening (June 20), Jon shared his journey in an insightful Channel 4 documentary, Jon Snow: A Last Big Story, in association with the Alzheimer’s Society.
Jon’s wife, Dr Precious Lunga, starred alongside the veteran journalist on in the show. The 51-year-old is an epidemiologist and entrepreneur from Zimbabwe who left the country at 17 to study in the UK.
She graduated from the University of Edinburgh in 1998 with a degree in neuroscience, before completing a PhD in neuroscience at the University of Cambridge in 2003.
The couple first met in 2001 on the Caribbean island of Mustique, where they tied the knot nine years later in 2010.
They welcomed a child together via surrogacy in 2021, with Jon also having two children from his previous marriage.
In one scene of the documentary, the camera followed Jon into a doctor’s appointment, where he was accompanied by Precious, and informed that his health has been slowly declining.
Precious responded to the doctor by adding that she felt Jon’s health had recently changed, before opening up about his initial diagnosis.
“When we received a diagnosis, people were writing Jon off, and that’s when I realised how stigmatised Alzheimer’s is, and it made me so angry actually”, Precious explained.
“This is a progressive disease, but you can have Alzheimer’s and still will be a valuable member of society to contribute, if your loved ones are there to help you navigate it.”
Speaking about what the future holds, Precious bravely confirmed: “So, I want to give him as good a life as I can.”
Speaking about his diagnosis in the film, Jon says: “At the beginning I wanted to hide it, there’s so much prejudice. Any sort of hint of mental decay, you’re sort of dead.
“There are moments when it pops up, but it’s not an all-day, every-day condition, and that’s what I cling onto.”
He added: “I’ve witnessed a great deal, I hope I’ve learned something – but I’ve still got a huge amount to learn. We all have. There’s still more to do.”
Jon Snow: A Last Big Story is streaming now on Channel4.com
KATIE Price has made a cryptic post about the hardship couples who are meant to be together sometimes face.
The TV star, 48, took to Instagram to share a quote for her followers and left it standing alone with no extra input on her story.
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Katie Price has posted a cryptic quote to her Instagram about couples who face the ‘hardest battles’Credit: Getty Images for The Cambridge UnionIt comes shortly after the star reunited with her husband Lee AndrewsCredit: Instagram
The quote reads: “Sometimes the two people who are truly meant for each other will face the hardest battles.”
Upon clicking on the post the quote expands to share more detail, continuing to say: “Not because they are wrong for each other. But because the world will test everything real.
“Love like that doesn’t come easy. It’s built through pain. Distance. Misunderstandings. Growth.
“But if they can hold on through the chaos. If they choose each other over and over again. They’ll find something most people only dream of.
“A love that didn’t just survive the storm. But became unbreakable because of it.”
Lee claimed he was held at gunpoint and sent to prisonCredit: Instagram/wesleeeandrewsKatie appears happy to see her man againCredit: wesleeandrews/Instagram
He then praised his wife for her help in getting British authorities involved inhis release.
Posting a video of himself on social media, Lee said: “Hi everyone, this is Lee. I’ve been missing now for several weeks. I can tell you I’m now safe and healthy and with my wife.
“I was taken close to the Hatta-Oman border by men at gunpoint and then I was captured by men with assault rifles.
“They did slap me around a little bit, little s***s, and I was hand-tied, shackled and also had a hood over my head.
“From there I was taken to a black site and I had no use of my phone and from what I know it was an extended arm of the National Guard and that’s all I can reveal at the moment.
“I have signed disclaimers now with state security and from there I was put into the system.
“At no point have I faced anything to do with fraud allegations or any criminal activities such as that.
“So thank you to Katie for making such a noise where the UAE actually listened and let me go.”
However, UAE officials debunked his claims he was in jail for spying and confirmed he has spent the past four weeks behind bars on suspicion of fraud.
Katie appeared to accept his story, sharing Lee’s video on Instagram saying: “My husband is back. I love you.”
Elon Musk’s space and AI firm secured first-time ratings from Moody’s, Fitch and S&P Global on Thursday, a milestone that places its debt firmly in investment-grade territory and could allow it to borrow more cheaply as it funds a vast expansion.
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The endorsements arrive less than a week after the company’s record IPO, which raised around $85.7 billion (€73.8bn) in the largest initial public offering in history.
Moody’s assigned SpaceX a Baa1 long-term issuer rating with a stable outlook. In its report, the agency pointed to the firm’s “exceptional franchise strength” as the world’s leading orbital launch provider and operator of Starlink, the largest low Earth orbit satellite broadband network.
The rating is also slightly higher than Tesla’s Baa3. Reacting to the news in a reply on social media, Elon Musk wrote: “Tesla’s credit rating is ridiculously low to be honest.”
According to Moody’s, Starlink has become SpaceX’s primary cash flow generator, underpinning improving scale, wider margins and a gradual shift away from more cyclical launch revenue.
Moody’s also set out the risks. It said the rating was constrained by the heavy execution and financial demands of SpaceX’s large-scale AI buildout, marked by high capital intensity, sustained negative free cash flow and an uncertain range of returns.
The agency highlighted the company’s dependence on the next-generation Starship V3 vehicle, warning that technical setbacks or delays could pressure long-term growth.
It further pointed to elevated governance risks tied to SpaceX’s controlled structure and concentrated voting power, which it said limit independent board oversight and leave the firm heavily reliant on a single individual, Elon Musk.
However, Moody’s still projects strong revenue and earnings growth through 2028, driven chiefly by Starlink, which counted 12 million subscribers as of early June, alongside an expected turning point in the AI division.
The agency cited recent third-party compute deals with Anthropic and Google worth a combined $75 billion (€65bn) as evidence of that potential.
As for the other credit agencies, Fitch issued a BBB+ long-term issuer default rating, also with a stable outlook, citing the company’s commanding lead in commercial launch, where it has delivered more than 80% of global mass to orbit since 2023.
Meanwhile, S&P Global assigned a BBB rating with a stable outlook, weighing the strength of the launch and connectivity businesses against the risks of the nascent AI segment and the company’s substantial capital needs.
Shares slide from their peak
The ratings did little to steady the stock on Thursday.
SpaceX closed at $185, down more than 18% from the high of $225.6 it reached on Tuesday, when its valuation briefly topped $3 trillion (€2.6tn).
The shares fell as low as $172 during the session before paring losses, as investors weighed whether the company’s lofty valuation had run too far.
The retreat has reshuffled SpaceX’s standing among the world’s corporate giants. The company now ranks once again as the sixth most valuable listed firm by market capitalisation, having given back some of the ground it gained earlier in the week.
On Tuesday, it had overtaken Amazon to claim fifth place, and at its intraday peak, it briefly leapfrogged Microsoft into fourth before this week’s slide pushed it back down.
Even after surrendering some of those gains, SpaceX sits among the most valuable companies on the planet just a week into its life as a public firm, and the investment-grade verdict from all three major agencies marks a notable shift in how financial markets judge a business that spent years operating as a privately funded rocket maker.
ITV series Fletchers’ Family Farm has been a hit with viewers since it launched in 2023
The Fletchers are returning for two more series of their show(Image: ITV)
Fletchers’ Family Farm fans have declared they “can’t wait” after the stars posted an adorable video confirming what lies ahead for the show.
Former Emmerdale star Kelvin Fletcher’s programme – which chronicles him, his wife Liz and their children on their Peak District farm – has proven enormously popular with audiences since its 2023 debut. And earlier this month, ITV announced it had commissioned two further series, reports the Liverpool Echo.
The Fletchers have now posted a clip on Instagram featuring their daughter Marnie revealing the announcement. The nine-year-old was spotted calling enthusiastically to her dad, who was occupied feeding the sheep.
“I’ve got some news!” she shouted, but Kelvin said he couldn’t hear her.
She then attempted to inform little brother Milo, who was riding his toy bike, before calling out to her mum Liz and twin brothers Mateusz and Maximus, who are four. “What did she say?” they asked each other.
Marnie then declared: “Guys! The Fletchers are back. Series five and six, let’s go!”
Viewers were delighted by the clip, which was posted on Instagram with the caption: “WE ARE BACK! Who’s excited?!”
“Love this!” commented one individual, while another wrote: “Absolutely love this show, always lifts me up, such a lovely family.”
Another described the programme as “one of the best things on TV”.
“Excellent news,” remarked someone else, while another fan exclaimed: “Fletchers are BACK let’s gooooooooooooooooo.”
“Great news!” observed another viewer, as one admitted: “I’m that excited I almost peed my pants.”
“Wonderful wonderful news and amazing family,” gushed one delighted viewer, while another declared it was the “best show” on television.
Kelvin, who is widely recognised for his portrayal of Andy Sugden in ITV’s Emmerdale, first chronicled his agricultural journey in Kelvin’s Big Farming Adventure, before he and Liz went on to star in Fletchers’ Family Farm together.
The show has proven to be a hit with audiences keen to follow the family’s escapades on their 120-acre farm, and has now run for four successful series.
Reacting to the confirmation of two further series, Kelvin and Liz said: “We’re delighted to be returning for series five and six. What started as a simple desire to share our family’s journey has grown into something far bigger than we ever imagined.”
GREG James has confirmed his Radio 1 show return and revealed that he’s ‘exhausted’ as he shared an update on his dad’s recent open heart surgeries.
The radio star, 40, was missing from the Radio 1 Breakfast, which airs weekdays from 7am to 10:30am, on Wednesday and Thursday (18 June 2026).
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Greg James shared an update following on from his dad’s open heart surgeriesCredit: InstagramThe star has also confirmed when he will be back presenting Radio 1 BreakfastCredit: Getty
Greg took to his Instagram story this morning to reveal the heart-breaking reason why – and admitted that he’s “in no fit state” because his father Alan Milward has undergone heart surgery.
Then this afternoon, he decided to give his 1.3m followers on the social media platform an update.
Sharing a selfie from a sauna, Greg wrote: “Hello from the sauna! I felt daft updating on all of this but because it was such a loud part of the comic relief challenge, I feel like it’s nice to be honest about it all.
“Just to say, my dad is responsive, just about conscious and being looked after amazingly.
Greg pictured with his dad AlanCredit: InstagramGreg took to his Instagram page to share why he wasn’t on the radio on Wednesday and ThursdayCredit: @greg_james/Instagram
“Obviously, after two open heart surgeries in three months, he’s not out of the woods by a long way, but we’re hopeful he’ll be fixed and we can all just get on with life.
“Which is what I’m gonna try and do.
“I won’t keep updating on here about it all as quite frankly, we’re all exhausted by it and it’s going to be a long road to recovery.”
He then went on to share exactly when he’ll be back on the radio – and fans don’t have long to wait.
The presenter later explained that he was ‘no fit state to be on the radio’Credit: @greg_james/InstagramEarlier this year Greg took part in a 1,000km tandem bike ride for Red Nose Day and opened up about his dad’s strokeCredit: instagram/@bbcradio1
Greg continued: “I’ve wanted to make sure my mum is OK so it’s been nice to spend loads of time with her and my big sis, but I’m back to the show tomorrow and I can’t wait.
“Thank you again for the most amazing load of messages.
“It’s genuinely very comforting.”
It comes after Greg told fans yesterday: “Hello from my mum’s garden! I wasn’t on the breakfast show today as my dad was in for another go at heart surgery (it’s been a wild few months and I didn’t want to bore you with it all).
“But here we are. Back to square one. Waiting for news and staying distracted and keeping calm by making water features.
“All being well, back on tomorrow morning.”
However Greg later revealed Alan’s surgery took “much longer” than they’d expected so he would be taking another day off.
He said: “What a great day! An absolute hoot in ICU.
“Surgery was much longer than everyone hoped. Big up my mum and my big sis. And the surgeons. And the NHS. What a gang. We’ve all gone mad.
“Real talk, surgery went ok but he’s far from out of the woods so I’m gonna take it easy tomorrow and hopefully back on Friday.
“Plus, I’m in no fit state to be on the radio. I mean, look at me, I’m posting photos from intensive care ffs. Thank you for your lovely messages.”
In March Greg had to cancel his show and rush home after Alan suffered a stroke during a planned heart operation.
He later opened up about his dad’s struggles during his 1,000km tandem bike ride for Red Nose Day.
He said: “I feel elated. I feel a bit overwhelmed by all these people who just turned up out of nowhere. I just burst into tears as I was going up to Blaenavon. It was all a bit much.
“Just thought about… I just thought about everything. Just thought about my dad, thought about my mum. It got way too much. It’s so silly. It must have been the altitude.”
Perrie Edwards shared a behind-the-scenes wedding video of herself dancing with her bridesmaidsCredit: TiktokPerrie looked like she was having a great time with her six bridesmaids in a new TikTok videoCredit: Tiktok
For her big day, Perrie had six bridesmaids which included her sister Caitlin, her cousin Ellie, twins Lucy and Lydia Connell, manager Sam Cox and dancers Claude and Renae.
In a video shared on TikTok, they were first seen all dancing by the pool in their matching white pyjamas to Girls Just Wanna Have Fun, by Cyndi Lauper.
Then in a quick transition, which saw Perrie go towards the camera and flash her HUGE engagement ring, the camera zoomed out to show the star now in her stunning wedding gown.
The singer was then seen dancing on a staircase with her bridesmaids, who are now wearing blue satin gowns.
Red Dwarf star Chris Barrie is set to return to the beloved comedy series as narrator of new prequel
18:26, 17 Jun 2026Updated 18:27, 17 Jun 2026
The Red Dwarf star is set to return to the beloved comedy universe
(Image: UKTV)
A Red Dwarf star has expressed his delight after being confirmed to return to the cherished comedy series.
Chris Barrie is making his way back to the Red Dwarf universe, having been announced as the narrator for the audiobook of the new spin-off novel, Red Dwarf: Titan.
The actor, who famously portrayed Arnold Rimmer in the cult sci-fi comedy, will voice the latest book, written by Red Dwarf co-creator Rob Grant and Andrew Marshall, reports Radio Times.
Discussing his latest project, Chris said: “I am finding Red Dwarf: Titan to be a very entertaining read. Recording any audiobook is always a challenge with so many characters to cover.
“But Red Dwarf: Titan, loaded as it is with laugh-out-loud lines and situations, is simply a joy!”, reports the Liverpool Echo.
The star added: “I’m delighted that the portrayer of Arnold J Rimmer himself, the fabulous multi-voiced Chris Barrie will be reading the audiobook of Red Dwarf Titan.
“And I’m certain that Rob would be too. In fact we would be noisily competing as to whom was the most delighted. Currently that’s me.”
Besides his iconic portrayal of Rimmer throughout Red Dwarf’s 13 series, Chris previously narrated the first two Red Dwarf novels: Infinity Welcomes Careful Drivers (1992) and Better Than Life (1995).
Red Dwarf: Titan will serve as a prequel to the BBC sci-fi comedy, which followed Craig Charles’s Dave Lister who wakes after three million years to find he’s the last remaining human.
His sole companions are a hologram of his deceased bunkmate, Arnold Rimmer (Chris Barrie), and a humanoid creature descended from his pet cat (Danny John-Jules).
In conversation with Radio Times just weeks before his death, co-writer Grant revealed of the novel: “It’s Lister and Rimmer before the accident on shore leave on Titan.
“It’s set one universe to the side, so we can have familiar characters but we can do different things with them, because the difficulty was writing something that was going to be original and fresh and using the same characters without breaking the canon. “.
He further disclosed that the tale would see Lister and Rimmer “get a message from the far future warning them that all realities are going to collapse unless they do something about it.
“Grant also assured us that Red Dwarf’s signature silliness is back in full force, with the writer promising that fans will “laugh their little chippers off”.”
Red Dwarf is available to stream on BBC iPlayer and Red Dwarf: Titan will publish in hardback, ebook and audio on July 16
There are more than 100 Emmy categories, and if you scroll through each and every one of them on the Television Academy’s website, you’re probably one of those people who read the terms and conditions on a document before signing your name.
This hasn’t been the greatest year for television, which has had the converse effect of prompting me to sample more shows than ever in a quest to unearth that one hidden gem that merits a place on my mock Emmy ballot. Truth be told, I’m still looking. I’m sure I’ve missed something. And I’m sure you’ll let me know.
In the meantime, here are my picks for the top 15 categories — five each for comedy, drama and limited series — along with a brief line of reasoning for each. And if it’s predictions you’re after, you can find our full BuzzMeter panel’s choices here. Emmy nominations will be announced July 8.
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Comedy series
“Abbott Elementary” “The Bear” “The Comeback” “Hacks” “The Lowdown” “Margo’s Got Money Troubles” “The Fall and Rise of Reggie Dinkins” “Shrinking”
Sterlin Harjo’s “The Lowdown” feels like it’s on the same trajectory as his last series, “Reservation Dogs,” an under-the-radar charmer that grows in estimation as its audience builds. Noir crime stories don’t come more delightful.
Comedy actress
Quinta Brunson, “Abbott Elementary” Rose Byrne, “Platonic” Ayo Edebiri, “The Bear” Elle Fanning, “Margo’s Got Money Troubles” Lisa Kudrow, “The Comeback” Jean Smart, “Hacks”
“Platonic” heightened the chaos and conflict in its second season, affording the gifted Byrne additional room to flex her comic chops. How do you sleep on a show starring a newly minted Oscar nominee?
Comedy actor
Yahya Abdul-Mateen II, “Wonder Man” Ethan Hawke, “The Lowdown” Tracy Morgan, “The Fall and Rise of Reggie Dinkins” Jason Segel, “Shrinking” Martin Short, “Only Murders in the Building” Jeremy Allen White, “The Bear”
Morgan acting oblivious is one of the funniest things ever.
Comedy supporting actress
Hannah Einbinder, “Hacks” Janelle James, “Abbott Elementary” Ashley Padilla, “Saturday Night Live” Michelle Pfeiffer, “Margo’s Got Money Troubles” Sheryl Lee Ralph, “Abbott Elementary” Jeanne Tripplehorn, “The Lowdown” Jessica Williams, “Shrinking”
The Padilla Pause is one reason I’m watching “Saturday Night Live” again.
Comedy supporting actor
Harrison Ford, “Shrinking” Marcello Hernández, “Saturday Night Live” Ben Kingsley, “Wonder Man” Ebon Moss-Bachrach, “The Bear” Nick Offerman, “Margo’s Got Money Troubles” Stephen Root, “Widow’s Bay” Tyler James Williams, “Abbott Elementary”
Hernández’s charisma and physical comedy is another.
Drama series
“Industry” “A Knight of the Seven Kingdoms” “The Night Manager” “Paradise” “The Pitt” “Pluribus” “Slow Horses” “Task”
How many Emmy voters finally caught up on “Industry,” the fast-paced drama about a group of cutthroat Gen Zers? Four seasons in, it’s more addictive than ever.
Drama actress
Caitriona Balfe, “Outlander” Myha’la, “Industry” Chase Infiniti, “The Testaments” Michelle Pfeiffer, “The Madison” Rhea Seehorn, “Pluribus” Zendaya, “Euphoria”
Now that “Outlander” is over, it’s time to pour one out for Balfe. Over the course of eight seasons, she hopscotched through time, enduring and overcoming numerous assaults and kidnappings, dealing with grief and trauma and enjoying lots of emotionally grounded sex. Balfe has earned a final reward.
Drama actor
Sterling K. Brown, “Paradise” Peter Claffey, “A Knight of the Seven Kingdoms” Tom Hiddleston, “The Night Manager” Gary Oldman, “Slow Horses” Mark Ruffalo, “Task” Noah Wyle, “The Pitt”
Claffey turned bumbling into art.
Drama supporting actress
Isa Briones, “The Pitt” Taylor Dearden, “The Pitt” Fiona Dourif, “The Pitt” Supriya Ganesh, “The Pitt” Katherine LaNasa, “The Pitt” Sepideh Moafi, “The Pitt” Karolina Wydra, “Pluribus”
LaNasa should have bumped herself up to lead. As Whitaker explains to Langdon in Season 2’s penultimate episode, Robby’s the Professor of the ER and LaNasa’s Dana is the Skipper. And the Skipper should be lead.
Drama supporting actor
Patrick Ball, “The Pitt” Diego Calva, “The Night Manager” Shawn Hatosy, “The Pitt” Gerran Howell, “The Pitt” Ken Leung, “Industry” Tom Pelphrey, “Task” Carlos-Manuel Vesga, “Pluribus”
Pelphrey has called his desperate single dad on “Task” the role of a lifetime. No argument here.
Limited series
“Bait” “Beef” “DTF St. Louis” “Death by Lightning” “Half Man”
I put off watching the finale of the punishing “Half Man” for weeks. Does that mean the show worked?
Limited series/TV movie actress
Sally Field, “Remarkably Bright Creatures” Camila Morrone, “Something Very Bad Is Going to Happen” Carey Mulligan, “Beef” Sarah Pidgeon, “Love Story” Robin Wright, “The Girlfriend”
Riz Ahmed, “Bait” Charlie Hunnam, “Monster: The Ed Gein Story” Matthew Macfadyen, “Death by Lightning” Mitchell Robertson, “Half Man” Michael Shannon, “Death by Lightning”
The young actors on “Half Man” — Robertson and Stuart Campbell — outshone their well-known counterparts.
Limited series/TV movie supporting actress
Linda Cardellini, “DTF St. Louis” Grace Gummer, “Love Story” Laurie Metcalf, “Monster: The Ed Gein Story” Cailee Spaeny, “Beef” Joy Sunday, “DTF St. Louis” Constance Zimmer, “Love Story”
Both Cardellini and Sunday for “DTF St. Louis”? No way, José, you say? Yes way, I say. All the way!
Limited series/TV movie supporting actor
(Larry Horricks / Netflix)
Jason Bateman, “DTF St. Louis” Stuart Campbell, “Half Man” Richard Gadd, “Half Man” David Harbour, “DTF St. Louis” Charles Melton, “Beef” Nick Offerman, “Death by Lightning”
The mutton-chopped Chester A. Arthur joins Ron Swanson’s ’stache in television’s facial hair hall of fame.
Crude prices retreated on Monday as US President Donald Trump confirmed a peace agreement with Iran and both sides announced a lifting of their respective blockades of the Strait of Hormuz.
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At the time of writing, the front month contract on US West Texas Intermediate (WTI) crude was down almost 6% from Friday’s close to roughly $80 per barrel, while Brent crude, the international standard, dropped around 5% to about $83 per barrel.
The specific concessions made by each side are still unclear and there are questions surrounding whether the Prime Minister of Israel will respect the withdrawal of troops from southern Lebanon, which, according to the Prime Minister of Pakistan is included in the deal.
Benjamin Netanyahu has yet to publicly address the US-Iran deal, or the issue of Lebanon, and CNN has reported that the Prime Minister of Israel is seeking an urgent meeting with US President Donald Trump after this week’s G7 summit.
Nonetheless, markets are reacting swiftly to the prospect of the Strait of Hormuz slowly reopening and the potential that the Iran war is closer to ending than reigniting.
The freshly announced peace deal is currently expected to be signed on Friday.
European, Asian and US markets
At the open, European markets also rose on the news that there is meaningful progress in ending the Iran war.
Both the Euro Stoxx 50 and the broader pan-European Stoxx 600 traded over 1% higher at the start of Monday’s session.
The UK’s FTSE 100, Germany’s DAX 30, Italy’s FTSE MIB, Spain’s IBEX 35, the Netherlands’ AEX and Switzerland’s CH20, all traded between 0.5% and 1% higher than their Friday close.
France’s CAC 40 led the pack and rose almost 1.5%.
In the US, S&P500 futures traded over 2% higher and the teach-heavy Nasdaq 100 rose more than 3%.
In other trade dealings on Monday, Asia-Pacific markets jumped overnight with South Korea’s Kospi climbing over 5%, recovering from a 4% drop on Friday, while Japan’s Nikkei 225 also traded roughly 3% higher.
Australia’s S&P/ASX 200 rose 0.8%, while Hong Kong’s Hang Seng Index jumped about 0.5% and Shangai’s SSE climbed over 1.5%.
A frequent flyer has shared her top three carry-on essentials she never travels without — and they could be a lifesaver if your checked luggage goes missing for a few days
13:19, 14 Jun 2026Updated 13:19, 14 Jun 2026
She shared things you need to take in your hand luggage (stock image)(Image: Kathrin Ziegler via Getty Images)
A seasoned traveller has revealed the three essential items you should never forget to pack in your hand luggage when flying, as there’s a strong chance you’ll need them either mid-flight or immediately upon arrival.
Hopping from one country to another can be pretty straightforward, but only when everything runs smoothly. To help ensure your journey goes without a hitch, Jacqui, who travels frequently, and often alone, has outlined the items she’d urge you to keep in your carry-on bag — particularly in case your checked luggage goes astray (though fingers crossed it won’t!).
She emphasised that these are likely things you haven’t previously considered including in your hand luggage.
Money
Jacqui explained that carrying physical currency for your destination is absolutely crucial.
She said: “Not money from your country. Something that I’ve seen people doing videos about travel on TikTok is getting to the place they’re going to and being surprised that in another country, people don’t take your money.
“Take the money of the place you’re going, because just having a bit of cash, especially on you, is always really helpful, especially if your hold luggage were to get lost.”
Power banks
Jacqui stated that a power bank in her hand luggage is something she simply couldn’t do without. However, it’s absolutely crucial to remember these mustn’t be used during the actual flight, with most airlines now taking a firm stance on this.
According to the Civil Aviation Authority, power banks must always be kept in your hand luggage and are strictly prohibited from checked bags and suitcases. If security find one in your checked bag, it will be confiscated, and you risk serious flight delays, or even costly diversions.
You are not permitted to charge them during the flight, nor can you use them while in the air. However, they come in extremely handy once you touch down in a new destination.
“I cannot leave home if I’m travelling without a power bank,” Jacqui said. “You can get a cheap one on Amazon; they don’t have to be super expensive, but just being able to charge your phone everywhere is so useful.
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She went on: “And if your hold luggage gets lost or you end up just with your carry-on, you become super reliant on your telephone – we’re all super reliant on our telephones when we travel these days. I can’t believe I used to travel without a mobile phone. But being able to just plug it in and charge it is just so so so useful, so make sure that you always have that in your hand luggage.”
Pants
Jacqui noted that packing a spare set of underwear — or several — in your hand luggage can prove incredibly useful.
She added that on long-haul flights, she would pack a complete outfit, reasoning that, should her hold luggage fail to arrive, it could “maybe be a few days,” and she’d want a fresh change of clothes.
“Or at least something that can get me through the day until I can get to the shop and sort myself out,” she added.
Other items that could prove useful to pack in your carry-on luggage…
Medication
An empty water bottle to fill after security
Electronics, including iPads and Kindles
Valuables
Travel documents, including a passport and a boarding pass
A pen
Earplugs, sleep mask, travel pillow
What do you pack in your hand luggage? Tell us in the comments…
The chain confirmed information exposed in the breach includes ‘certain guests names, email addresses, telephone numbers, and/or home addresses, along with other reservation details’
Hotel guests have been warned they might be targeted(Image: Getty)
Hotel guests have been warned to watch out for convincing scam messages after a data breach at a major hotel chain. Data including personal details of people booked to stay at one of the chain hotels was exposed over a six month period.
BWH Hotels, the parent company for WorldHotels, Best Western Hotels & Resorts, and Sure Hotels notified customers of the breach in an email when it said “certain guests’ names, email addresses, telephone numbers, and/or home addresses, along with other reservation details” had been accessed between October 14, 2025 and April 22. It added: “Importantly, payment and other financial information was not stored in the affected system and therefore was not accessed.”
It confirmed the firm had taken action to stop the unauthorised access and that it was also taking steps to strengthen safeguards to stop any further breaches. And they urged any affected customers to take steps to ensure any scammers did not take advantage of them, warning them to be extra vigilant about unexpected emails, texts, WhatsApp messages or calls referencing hotel stays.
Now privacy experts have warned the concern is not only what was stolen, but how that information could be used next. Hotel booking data can make follow-up scams look far more believable because criminals may be able to reference real stays, dates, locations or reservation numbers.
Peter Nguyen, a privacy expert from Protect My Data, says travellers should not dismiss this kind of breach just because payment details were not exposed. “A hotel reservation contains more useful information than people realise.
“A scammer does not always need your card number to target you. If they know your name, phone number, hotel, stay dates and booking reference, they can make a fake message look extremely convincing.
“That is the risk with travel data. It gives criminals context. Instead of sending a vague scam, they can contact you with details that feel personal and accurate.”
Nguyen says guests should be especially careful with any unexpected message claiming there is a problem with a booking, payment, refund or reservation. He warned a scammer could pretend to be from the hotel, a booking platform, customer support team or payment department.
The message may claim a card needs to be reverified, a stay could be cancelled, a refund is waiting, or extra information is needed before arrival. He said: “The most dangerous message is one that sounds helpful. It might say your booking needs confirming, your payment failed, or your refund is ready. Because it references a real hotel stay, people are more likely to click.
“If the message asks for payment, codes, logins or verification, do not engage through that message. Go directly to the hotel or booking platform yourself.”
Nguyen says WhatsApp and SMS messages are particularly risky because they feel more direct. “A text or WhatsApp message creates urgency. It feels like someone is dealing with your booking right now. That pressure makes people act faster than they would with an email.”
BWH Hotels’ own warning urged customers not to engage with suspicious communications asking for payment, codes, logins or verification, even if they reference a BWH Hotels property or an upcoming reservation.
Why reservation data is so valuable
Many people worry most about card details in a breach, but Nguyen says contact and booking information can still create serious risk. He explained: “Names, phone numbers and email addresses are the starting point for phishing. Add reservation details and the scam becomes much more targeted.”
“A criminal could send a message saying, ‘Your stay at this property on this date needs confirmation.’ That feels completely different from a generic scam email because it contains something real.”
He said postal addresses can also make scams more credible. He explained: “If a scammer has your address, they can make a fake message feel more official. They might use it in a fake invoice, refund notice, complaint response or identity check.”
Special requests may also reveal details guests did not expect to become part of a security issue. “People sometimes include personal information in hotel requests, such as accessibility needs, arrival times, family arrangements or reasons for travel. Even small details can help scammers tailor their approach.”
What guests should do now
Nguyen says anyone who has stayed with, or booked through, a BWH Hotels property during the affected period should be alert, but not panic. He added: “The first step is awareness. If you receive a message about a Best Western, WorldHotels or SureStay booking, slow down and verify it independently.”
He advised guests to avoid clicking links in unexpected messages. “Open the official hotel website yourself, use the original booking confirmation, or contact the property through a trusted number,” he said. “Do not use a number or link sent in a suspicious message.”
Guests should also be careful if they are asked to confirm personal information, he said. “A genuine hotel may need basic details to find your booking, but they should not ask for banking codes, account passwords or card security codes through an unexpected message.”
If someone has clicked a suspicious link or shared card details, Nguyen says they should contact their bank immediately. He warned: “Speed matters. If you entered payment details, call your bank straight away. If you entered a password, change it immediately, especially if you use it anywhere else.”
He also recommends securing email accounts, as email is often the route scammers use to reset other accounts. “Your email account is the front door to much of your digital life,” he said. “Use a strong, unique password and switch on two-factor authentication.”
Why this warning matters for summer travel
The breach comes as many travellers are booking summer stays, weekend breaks and last-minute trips. Nguyen says that makes hotel-related scams especially dangerous.
“Travel season gives scammers a huge advantage. People are expecting hotel messages, payment reminders and booking updates. That makes fake messages easier to hide among real ones.”
He says guests should be particularly wary of messages close to their check-in date. “A message sent shortly before a stay can create panic. If it says your room will be cancelled unless you act now, that is exactly when you need to stop.”
The safest rule, Nguyen says, is to treat unexpected booking messages as suspicious until proven otherwise. He said: “If a message knows your hotel and dates, that does not automatically make it real. It may simply mean the scammer has booking data. Do not let accurate details rush you into clicking. Verify through the official route every time.”
In its email, signed by Bill Ryan Chief Technology Officer of the hotel chain and sent last month, it said: “BWH Hotels, the parent company for WorldHotels, Best Western Hotels & Resorts, and Sure Hotels, takes the privacy and security of our guests’ personal information very seriously. We are writing to let you know that on April 22, 2026, we identified unauthorised activity in one of our web applications that houses certain guest reservation data.
“We have learned that certain guests’ names, email addresses, telephone numbers, and/or home addresses, along with other reservation details (e.g., reservation numbers, dates of stay, and any special requests) for reservations in our system were accessed by an unauthorised third‑party between October 14, 2025 and April 22, 2026, including yours. Importantly, payment and other financial information was not stored in the affected system and therefore was not accessed.
“Upon discovering the incident, we immediately took the application offline and revoked the unauthorised access. We have engaged leading external cybersecurity experts to support our incident response efforts and to assist with the further strengthening of existing safeguards.
“We advise guests to be extra vigilant when viewing any unexpected or suspicious communications about hotel stays. If you receive a suspicious communication such as an unexpected email, text, WhatsApp message, or telephone call that asks for payment, codes, logins, or “verification,” even if they reference a BWH Hotels property or an upcoming reservation, do not engage. Navigate to sites directly rather than clicking links.
As part of protecting your personal information and to prevent payments to fraudulent parties, here are some precautions you can take:
Stay alert for suspicious sender addresses, urgent or unexpected unsolicited requests, and strange links, especially any unexpected request for payment or personal information. Treat any suspicious request with caution. If you have a question regarding a suspicious request, please contact our customer service team
Scammers may create webpages that closely resemble legitimate hotel booking pages. Always review the web address before entering payment details. If a page looks unexpected or unfamiliar, stop and verify it with our customer service team before proceeding. If you entered or shared any payment (credit card) information in response to a scam, please immediately report it to your financial institution and follow security steps they recommend. If you have any questions, please contact BWH Hotels’ data protection office at dpo@bwh.com
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.
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.
SpaceX’s long-anticipated IPO is hours away from reshaping the fortunes of thousands of employees.
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The listing, set for this Friday, is expected to mint millionaires not only among senior engineers and executives, but also among blue-collar workers, including cooks and welders, who received equity as part of their compensation packages.
The windfall is heavily concentrated around Brownsville, Texas, one of the poorest cities in the US, where SpaceX employs more than 3,000 people at its Starbase facility.
What makes this IPO unusual, even by Silicon Valley standards, is how far down the organisational chart the equity grants appear to have reached.
Some estimates cited by media reports put the total number of newly minted millionaires across the entire company at around 4,000. However, the figures could not be independently verified.
Michael Limas, a financial planner based in Brownsville, told Bloomberg that several of the company’s non-technical workers received stock options as part of their pay.
“SpaceX has been very friendly with options at various levels, from top to bottom. It’s something that’s unique to this area,” Limas stated.
One example cited by the investment research platform Moby illustrates the scale rather starkly. A welder’s initial equity grant of $10,000 (€8,650) is now reportedly valued at close to $880,000 (€762,000) ahead of the listing.
These individual figures reflect a broader picture of generous equity compensation that has been reported consistently across multiple outlets.
The IPO itself features a staggered lockup structure rather than the standard 180-day cliff that most companies employ.
According to the prospectus, it includes multiple early release windows, among them a performance-linked mechanism that would activate if the stock trades 30% above its IPO price on five out of ten consecutive trading days. That would allow some employees to access their new wealth within weeks of the debut.
Brownsville braces for the ripple effects
SpaceX’s impact on the region has already been striking, and the financial gains generated by the IPO are likely to amplify it.
Brownsville has long ranked among the most economically deprived cities in the US, with a median family income roughly a third below the national average, according to government data.
SpaceX arrived about a decade ago, establishing its Starbase launch facility on the Gulf of Mexico shore around 40 kilometres from the city centre.
The transformation since then has reportedly been marked by an influx of professionals from California and elsewhere. Rising housing costs have followed, as they often do when wealth becomes concentrated in a particular area.
According to several realtors and economists, the median housing prices in the broader Brownsville-Harlingen metro area have risen roughly 25% since 2020, from around $185,000 (€160,000) to $233,000 (€201,000).
Long-time residents, many of them on modest incomes, are feeling the pressure.
For many employees, the transition from holding shares they could not easily sell to having access to cash brings its own complications.
According to Bloomberg, wealth managers in the region describe a climate of considerable anxiety among staff, given the sense that this may be their single opportunity to build generational wealth and that getting the timing and tax planning wrong could be costly.
More than 100 SpaceX employees in the region reportedly pooled together to negotiate wealth-management terms collectively with the advisory firm Choreo, a move that helped them secure lower management fees by bringing between $1 billion (€865mn) and $5 billion (€4.33bn) in potential assets to the table.
Brownsville’s mayor, John Cowen, a sixth-generation resident of the area, has sought to frame the transformation in positive terms, arguing to US media that it is great for the city to be known as a place for investment.
Beyond SpaceX itself, other industrial projects have followed in the company’s wake, including building a liquefied natural gas export terminal near the Port of Brownsville.
Back in March, US President Donald Trump also announced the construction of a $300 billion (€260bn) oil refinery at the port, which could reportedly bring 500 full-time jobs.
Whether the IPO ultimately delivers on its promise, and how equitably its benefits filter through a city that has known far more hardship than prosperity, remains to be seen.
This photo, taken Wednesday, shows the trading room of Hana Bank in Seoul as South Korean stocks fell more than 4 percent amid escalating Middle East tensions and a tech sell-off. Photo by Yonhap
South Korean stocks plummeted more than 4 percent Wednesday amid escalating tensions between the United States and Iran and a tech slump fueled by concerns over the valuation of stocks related to artificial intelligence (AI). The local currency was trading lower against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) shed 366.11 points, or 4.52 percent, to close at 7,730.82, almost eclipsing most of the over 8 percent surge from the previous day.
At one point, the index fell as low as 7,541.11.
Due to the sharp fall, the Korea Exchange had activated a sell-side sidecar for the index at 1:16 p.m., halting program trading for five minutes.
Trade volume was moderate at 457.5 million shares worth 39 trillion won (US$25.6 billion), with losers outnumbering winners 547 to 343.
Foreigners continued their sell-off for the 23rd consecutive session, dumping a net 2.77 trillion won, while retail investors and institutions purchased local shares worth 4.86 trillion won. Institutions sold 2.27 trillion won.
Market analysts said the KOSPI lost ground as tensions resurfaced in the Middle East after the U.S. struck Iran in response to the shooting down of an American Apache helicopter in the Strait of Hormuz and then Tehran hit back.
The risk-on appetite was also sapped by an overnight tech slide on Wall Street caused by concerns over the valuation of the AI stocks on news that Crusoe Energy Systems, a data center developer, suspended one of its projects upon the request of an unidentified big tech customer.
The tech-heavy Nasdaq composite closed 0.97 percent lower, and the S&P 500 dropped 0.26 percent, while the Dow Jones Industrial Average rose 0.17 percent.
Major tech shares led the market decline, with Broadcom losing 1.12 percent, Apple sliding 3.64 percent, Micron falling 1.4 percent and Nvidia down 0.2 percent.
Investors’ eyes are now on the upcoming release of the U.S. Consumer Price Index (CPI), which could give further clues on the U.S. Federal Reserve’s monetary policy amid bets on a hawkish pivot and the initial public offering of SpaceX later this week.
“The South Korean stock market was weighed down as risk aversion sentiment strengthened ahead of the U.S. CPI and Oracle’s earnings release, once triggering a sell-side sidecar,” Lee Kyoung-min, an analyst at Daishin Securities, said.
Lee said a hot inflation report could further contract the market sentiment, raising concerns over a possible U.S. rate hike.
In Seoul, market top-cap Samsung Electronics slid 6.06 percent to 302,500 won, while its chipmaking rival SK hynix plunged 7.54 percent to 2.05 million won.
AI investment firm SK Square shed 6.78 percent to 1.18 million won, and Samsung Electro-Mechanics shot down 8.38 percent to 1.8 million won.
Samsung Life Insurance dipped 6.36 percent to 368,000 won, and Samsung C&T plummeted 5.01 percent to 407,500 won.
Auto shares were also weak, with Hyundai Motor down 5.79 percent to 602,000 won, and its sister Kia losing 2.8 percent to 159,700 won. Hyundai Mobis dropped 4.2 percent to 570,000 won.
Internet portal operator Naver, which had recently rallied on news on its partnership with Nvidia, nosedived 11.67 percent to 227,000 won. Home appliances maker LG Electronics shot down 9.68 percent to 224,000 won.
Major shipbuilder HD Hyundai Heavy was among the few gainers, jumping 4.74 percent to 641,000 won.
Defense giant Hanwha Aerospace also climbed 1.48 percent to 1.03 million won.
The Korean won was quoted at 1,524.2 won against the U.S. dollar at 3:30 p.m., down 12.1 won from the previous session.
Bond prices, which move inversely to yields, closed mixed. The yield on three-year Treasurys added 2.5 basis points to 3.881 percent, and the return on the benchmark five-year government bonds dropped 3.2 basis points to 4.070 percent.
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In a now deleted video shared on her social media, Katie teamed up with Lee’s ex-wife Dina for an episode of The Katie Price podcast. In clips circulating online, the pair could be seen hugging and chatting about Lee.
Katie told Dina in on video: “I came to Dina about one of the cases because I thought, is Dina involved? And then obviously we had a cup of tea, as girls do, we’ve had a long chat, and that’s for us to know, and for you to find out in the future. On that note, I’m glad we met Dina.
Dina also told Katie in the clip: “To be honest with you, I really didn’t care about responding to reporters and everyone that was messaging me. I mean, just out of respect, if there’s anything that I wanted to share and kind of warn her, if anything, it would be woman to woman, you know, face to face.”
Emily Atack has shared a loved up snap with her fiance Alistair GarnerCredit: InstagramThe Rivals star recently opened up about being a victim of sexual abuse on multiple occasionsCredit: Getty
But now it appears she’s moving forward as she took to Instagram to share a sweet picture of the pair.
In the photo, Emily is seen resting her head on Alistair’s shoulder as she smiles while holding a beverage.
She’s wearing a denim jacket while her husband-to-be is sporting a blue jumper, with a pair of sunglasses tucked into the top.
Her followers flocked to the comments section as one gushed: “Gorgeous angels xxxx.”
Another social media user enthused: “Love seeing you happy,” while a third added: “Goddamn beauties!”
The Rivals star revealed she was sexually abused at the age of ten andgot pregnant at 16.
In her most personal interview to date, Emily shared harrowing details of her tough childhood as a “troubled” teenager, which left her “scarred” and “traumatised”.
The TV beauty, who became a household name as Charlotte Hinchcliffe in Channel 4 comedy The Inbetweeners at 17, was in an abusive relationship when she found out she was pregnant.
“I’ve never actually told anybody this, but I was pregnant,” she said. “I was very young and I was in this awful, abusive, horrible relationship and I fell pregnant.
“And it was just in the middle of all this kind of stuff going on with my mum and dad.
She revealed she got pregnant at 16Credit: InstagramEmily and Alistair are looking forward to their wedding in SeptemberCredit: Instagram
“I’ve never spoken openly about how or what happened.
“And I don’t know if I’m ready to yet. But obviously, that pregnancy didn’t continue.”
And she explained how being the subject of unwanted attention by creepy older men had a knock-on effect with her relationships.
“I was keeping so much from my parents when I was young,” Emily said. “It’s going a little bit dark, but I was sexually assaulted first of all when I was ten.
“That was when I was first ever sexually assaulted. And from that moment, I was treated badly, appallingly, by older men from that age throughout my life. I think the loneliness came a lot from that.
“Lots of things happened that my parents to this day still don’t know the detail of, how men have treated me and touched me and whispered things to me in my ear when people aren’t in earshot.
“From that, I then developed a really unhealthy relationship with sex and with boys, because I leaned into that behaviour a little bit.”
Despite her horrendous experiences, Emily has found her happily ever after in fiance Alistair.
The couple got engaged in July last year, a year after welcoming their son Barney.
The pair will be officially tying the knot in September as they count down the days until their man and wife.
The One Show has welcomed back one of its hosts after she was absent due to illness
A presenter has returned to The One Show after being off ill(Image: BBC screengrab)
One of the presenters on The One Show has returned to the sofa after taking time off ill.
Alex Jones is usually a staple on the BBC programme but was absent on Monday and Tuesday this week, with JB Gill stepping in and hosting alongside her regular co-presenter, Roman Kemp.
However, the TV star was back on Wednesday (June 3), fronting the show alongside Angellica Bell.
Alex’s return was confirmed on Instagram ahead of the show, with Angellica exclaiming: “Good news, everyone. Alex is back!”
“Are you feeling better?” she asked the presenter.
“I am,” replied Alex. “I am slightly croaky, but we’ll get through it,” she added.
As the show started, she told Angellica that she had “nearly recovered” after being unwell, adding: “Glad to be here.”
The pair then turned to announcing the guests who would be on the show – Dara Ó Briain and Shania Twain.
Alex has been hosting the BBC programme for several years, and is one of the show’s best known presenters. The star, who has three children with her husband Charlie, has been a presenter on the programme since 2010, hosting with stars such as Matt Baker, Ronan Keating and Roman.
Speaking last year, she told the BBC: “I feel incredibly proud to have been on the iconic sofa for all these years. It certainly doesn’t feel like 15 years, and it still feels fresh, as the show keeps evolving. I feel like we keep coming back better and better.
“I started as a young girl and I feel like I’ve grown up with our viewers. They have seen me through all my big life moments like getting engaged and married, to having children. Our viewers are like extended family by now!”
She went on: “I think the reason is it really strikes a chord with people because we sit right at the heart of the nation. Our job, essentially, is to reflect what’s going on. All the small daily bits and pieces, but also the big events that affect the country.”
