Is SpaceX Worth $2 Trillion? Key Questions for Musk’s Big IPO

In the seven and a half years since Apple Inc.’s market capitalization broke through the $1 trillion mark, investors have become accustomed to seeing big tech companies command 13-digit valuations in public markets. There are more on the way. SpaceX, the space...

Blue Owl Stock Closes at a Record Low Amid Private Credit Exodus

Shares of Blue Owl Capital Inc. closed at a record low on Monday, capping weeks of declines fueled by mounting concerns over the health of the $1.8 trillion private credit market. The stock fell 1.4% to close at $8.45, which is below its previous nadir set in late...

Abu Dhabi Petrochemicals Plant Halts as Attack Sparks Fires

A huge petrochemicals plant at Ruwais in the United Arab Emirates was halted after an attack sparked multiple fires, Abu Dhabi’s government media office said Sunday. The fires were caused by falling debris from air-defense interception, the office said in a post on X....