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Elon Musk's SpaceX valued at nearly 1.8tn ahead of record share sale

BBC News

Elon Musk's SpaceX valued at nearly $1.8tn ahead of record share sale SpaceX has raised $75bn (£56bn) from financial firms ahead of it becoming a publicly traded company on Friday, in what is expected to be the highest-value stock listing in history. In a filing with the US Securities and Exchange Commission, the space exploration and artificial intelligence (AI) company said it had sold $75bn in shares priced at $135 each. The share price matches the estimate SpaceX gave last week, leaving the firm's expected initial stock market value to be nearly $1.8tn. At that value, chief executive Elon Musk - already the richest man in the world - is set to become the world's first trillionaire. Once shares start trading, their value could rise or fall depending on how many shares are made available for sale, and how strong the demand is for those shares.


What we know about US sea drone used in helicopter crew rescue mission

BBC News

A sea drone was used to save two crew members of a downed US army helicopter off the coast of Oman earlier this week, according to the US military - making it the first publicly known instance of an unmanned vessel being used to conduct a rescue mission. President Donald Trump said the apache helicopter was shot down by Iran near the Strait of Hormuz - the dangerous waterway which has been largely blocked off to shipping since the start of the Iran war. The two soldiers were safely rescued within approximately two hours and are in stable condition, US Central Command (Centcom) said. BBC Verify has examined what we know about the drone boat and how the mission took place. What is the US sea drone?


Canada proposes teen social media ban - with workaround for tech firms

BBC News

Canada is proposing a social media ban for children and teenagers under the age of 16, mirroring a similar law passed in Australia late last year. But unlike Australia's law, tech firms could sidestep Canada's ban if they demonstrate they have policies to minimise harm to minors. The law includes sweeping measures to regulate AI chatbots and curtail harmful content online. It would create a regulator to ensure tech firms comply. Some free speech groups have warned it would expand censorship.


The furious dispute over what caused Air India flight 171 to crash

BBC News

A year ago, Air India flight 171 crashed less than a minute after taking off from Ahmedabad airport in the western Indian state of Gujarat, en route for London. The official investigation that followed has sparked intense controversy, in India and beyond, with some questioning its integrity amid claims of conflicts of interest. It is not the first time such an investigation has proved contentious. So is it time for a different approach when investigating air crashes? It was a hot and dry afternoon on 12 June last year, when Flight 171 left the terminal at Sardar Vallabhbhai Patel Airport in Ahmedabad. Settling into their seats for the nine-and-a-half-hour journey to London were 230 passengers, 53 of them British citizens. Looking after them were 10 cabin crew.


Fireworks illuminate Barcelona's Sagrada Família during Pope visit

BBC News

Pope Leo XIV has described Barcelona's Sagrada Família as a masterpiece of stones, colours and light as he inaugurated its newest - and tallest - tower. The giant Tower of Jesus Christ, completed in February, has brought the church to a soaring height of 172.5m (566ft) - cementing it as the tallest church in the world. His visit to the iconic basilica also marks 100 years since the death of its architect, Antoni Gaudí. Among those attending the service were Spanish royals King Felipe VI and Queen Letizia, as well as Prime Minister Pedro Sánchez. The pope's week-long visit to Spain, which began on Saturday, is the first by a pope in some 15 years.


Ukraine says missiles hit military plant deep inside Russia

BBC News

Ukrainian forces have carried out a missile attack deep inside Russia, hitting a major military plant overnight, President Volodymyr Zelensky has said. He said FP-5 Flamingo cruise missiles struck the drone and missile plant in the city of Cheboksary, in the Chuvash Republic, more than 900km (560 miles) from the front line. Local officials said three people were injured in a missile attack on the city. Ukraine also said it had hit the Moscow-occupied port of Mariupol on the Sea of Azov, a Russian oil refinery in Samara and a shadow fleet oil tanker in the Black Sea. In recent months, Ukraine's military has intensified its drone strikes on key facilities across Russia.


Boy, 8, helps save grandad after capsized kayak drifts two miles off coast

BBC News

A brave eight-year-old boy helped save his grandad after the pair drifted more than two miles (3km) from the coast on a capsized kayak. Marley and his granscha, David Dai Jones, from Mountain Ash, Rhondda Cynon Taf, had been kayaking off Fontygary in the Vale of Glamorgan on 27 May when they capsized and were unable to get back onboard. Dai managed to help Marley back onto the kayak but could not climb back on himself. He remained in the water holding on as the pair drifted in the strong Bristol Channel currents. Despite the frightening situation, Marley remained calm and used a mobile phone kept in a waterproof pouch to contact his nan on shore, who called 999.


How to enjoy the World Cup - and keep your boss on side

BBC News

With the 2026 FIFA World Cup about to get under way, many fans in England and Scotland are honing their strategy to balance late kick-offs with work the next morning. Matches are happening across the US, Canada and Mexico, with England's group games starting at 2100 and 2200 BST and Scotland's even later at 2300 and 0200. Some football fans have already strategically booked annual leave around potential knockout fixtures. Others are hoping to negotiate flexible working - later starts or working from home after late-night matches. Scotland fan Cameron Rae has already booked the Monday after the Haiti game off work so he can attend a Tartan Army fan zone at his local town hall, complete with a bar and DJ running until 4am.


World's largest chipmaker does not rule out price rises as costs increase

BBC News

World's largest chipmaker does not rule out price rises as costs increase The world's largest chipmaker has told the BBC that inflation is pushing up the cost of doing business, and did not rule out price rises. Taiwan Semiconductor Manufacturing Company (TSMC) makes the most advanced chips designed by companies such as Nvidia, AMD and Apple, so any increase in pricing could ripple through to the cost of AI infrastructure, and potentially over time, the prices customers pay for their electronic devices. However, the firm's chief financial officer, Wendell Huang, said it would not introduce sudden fourfold, fivefold price rises. We reflect our value, he said, pointing to its technology leadership and manufacturing excellence. In an exclusive and wide-ranging interview, Huang also denied that the AI boom was a bubble and that the firm's global expansion was due to geopolitical pressure.


The rebels at the front line of Myanmar's civil war

BBC News

In the five years since Myanmar's military chief led a coup to overthrow the democratically elected government, civil war has torn the country apart. Thousands have been killed and millions displaced by the conflict between the military and an alliance of ethnic and rebel groups. More than two years ago, the rebels made a series of sweeping gains, but things have taken a turn for the worse for them. Forced conscription and increased drone power has put the military on the offensive in most parts of the country. The BBC's Quentin Sommerville travelled to Myanmar without the permission of the authorities - the only way to report from rebel-held territory.