Morning Headlines

Elon Musk's SpaceX priced 555 million shares at $135 each, raising $75 billion — nearly three times Saudi Aramco's 2019 record — and began trading today under ticker SPCX at a $1.75 trillion valuation. The listing is the first of a trio of anticipated AI mega-IPOs, with OpenAI and Anthropic also having filed SEC paperwork for their own debuts.

President Trump posted on Truth Social that 'the war with Iran has ended today' and that Iran agreed never to pursue a nuclear weapon, suggesting a signing ceremony in Europe is imminent. Iran's foreign ministry denied any finalized agreement, calling reports 'speculative,' leaving the status of a reported 60-day memorandum of understanding unresolved.

The World Bank slashed its 2026 global growth forecast to 2.5% — the weakest since the COVID pandemic — citing energy price spikes and financial stress caused by the Iran war. In a severe downside scenario the bank warned growth could collapse to 1.3%, with developing economies and the Middle East region hit hardest.

The most-watched sporting event in history opened on June 11 with matches spread across 16 cities in the United States, Mexico, and Canada — the first World Cup jointly hosted by three nations. Mexico defeated South Africa 2-0 in the tournament opener, with South Korea also claiming a win on day one.

Protesters set fires and hurled bricks and bottles at police in Belfast for a second consecutive night after a stabbing triggered a wave of anti-immigrant unrest in Northern Ireland. The riots drew comparisons to the 2024 Southport riots in England and have raised alarm about the spread of far-right mobilisation across the UK.