Business – Page 86

SpaceX’s Listing Marks Historic Moment for American Aerospace and AI Sector

The IPO of SpaceX which also includes the xAI segment was celebrated as the culmination of a 24-year journey from a small El Segundo warehouse.

SpaceX’s IPO combined with Tesla holdings lifted Musk’s personal wealth to over 1.2 trillion dollars making him the first trillionaire.

Enterprise customers can now deploy OpenAI technology through existing Oracle Universal Credits without a new vendor relationship.

SpaceX shares opened at 150 and briefly surged to 176 dollars before settling around 161 at the close of regular trading.

An explosion at the Vizag Steel Plant caused the death of nine workers sparking calls for accountability from political leaders.

Anthropic submitted its draft registration statement to the SEC at a valuation approaching one trillion dollars ahead of its planned IPO.

The US government chartered a yacht at enormous cost to rescue a single citizen stranded on a remote Pacific island amid a hantavirus outbreak.

FSSAI issued notices to Flipkart India and Open Secret after social media users reported finding insects in packaged date products.

Defence procurement in India continued to favour domestic manufacturers under the Make in India initiative boosting aerospace and defence industry.

India’s gems and jewellery sector projected exports of $30-35 billion for FY26 despite a 30 percent dip in October exports.