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SpaceX could file its confidential IPO prospectus with the SEC THIS WEEK. The company aims to seek a staggering $1.75 trillion valuation and become the largest stock market debut in history. The IPO could raise up to $80 billion, with individual investors getting access to 30% of shares via E*trade, Robinhood and SoFi.
This puts SpaceX on track for a late June listing after the typical 3-month SEC review. The pitch focuses on three explosive businesses: space launch, Starlink, and orbital data centers. This is moving forward on schedule for a June or July listing.
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Image via Fox News
U.S. Pressure on Iran Could Go Beyond Hormuz, Former Commander Says
A former top U.S. Central Command admiral warned that a Strait of Hormuz blockade would be only an opening move, arguing the U.S. could pursue broader actions aimed at Iran’s regime. The comments highlight how quickly a maritime chokepoint crisis could expand into a wider confrontation with major economic and security stakes.
Read the full story at Fox News →
Image via The Hill
Democrats Urge Swalwell to Step Aside After Allegations, Campaign Suspension
Rep. Eric Swalwell (D-Calif.) suspended his campaign for California governor amid sexual assault allegations he has denied, and some Democrats are now calling on him to leave Congress. The controversy adds to party tensions over standards and accountability—and could reshape a safe-seat political future in California.
Read the full story at The Hill →
Image via Politico
Pope Leo XIV Condemns War, Rejects “God Is on Our Side” Claims
Pope Leo XIV criticized war rhetoric that portrays military action as divinely sanctioned, pushing back on language used by some U.S. leaders in the Iran conflict. His comments matter because they challenge moral framing that can harden public opinion and make diplomatic off-ramps politically harder to take.
Read the full story at Politico →
That’s the brief—stay informed, stay steady, and I’ll see you tomorrow.
— Brief Updates Editorial