Elon Musk’s SpaceX reached a valuation of $350 billion through a $1.25 billion secondary share sale at $185 a share, with SpaceX purchasing $500 million in common stock. This valuation marks a 67% increase from its previous high of $210 billion in a June sale, showcasing the company’s financial strength and dominant position in the space industry. SpaceX’s Starlink satellite internet business and ongoing development of the Starship rocket are key drivers of its success, with the company maintaining a near-monopoly in the U.S. satellite launch market and aiming to revolutionize space travel.
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Israel’s Weizmann institute incurs 2-billion-shekel losses following Iranian strike – Middle East Monitor
The Weizmann Institute of Science in Israel estimates the damage from a recent missile strike at around 2 billion shekels (about $574 million), affecting three research buildings and other structures. This figure only accounts for physical damage, excluding significant losses to scientific research, including rare samples that were destroyed or damaged. Explain It To Me Like I'm 5: The Weizmann Institute, a place where scientists work, got hit by a missile, and it broke a...
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