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SpaceX makes history with record IPO

Elon Musk becomes world's first trillionaire as SpaceX begins trading Friday, marking largest IPO ever.

2026-06-12 · synthesized from 19 sources

SpaceX launched its initial public offering on Friday, setting records as the largest IPO in history and propelling Elon Musk to become the world's first trillionaire [NPR Business, NBC News, The Hill]. The milestone caps a transformative week for the space company and its CEO.

Elsewhere, a federal judge extended a block on Trump's $1.8 billion 'Anti-Weaponization Fund,' halting the initiative that critics say could be used to target political opponents [PBS]. The ruling comes as Trump pushes back against multiple legal challenges to his executive orders.

In international developments, former South Korean President Yoon was sentenced to 30 years in prison in connection with drone flights over North Korea, marking a significant legal defeat for the ousted leader [UPI]. Meanwhile, Nigeria's president warned armed groups to "surrender or face full force," escalating tensions in regions plagued by violence [BBC Africa].

On the health front, a measles outbreak in Virginia has grown to nearly 90 cases, raising alarm as vaccination rates remain a concern [The Hill]. And in Texas, at least one person was killed in a mass shooting in Midland, continuing a troubling trend of gun violence [CBS News].

Domestically, the Kennedy Center's board requested a pause on a court ruling ordering removal of Trump's name from the building, seeking more time before Friday's deadline [PBS]. The Supreme Court also rejected Alabama's request to proceed with a nitrogen gas execution previously deemed unconstitutional by a lower court [PBS].

Thousands protested Mexican President Claudia Sheinbaum Friday, signaling growing discontent with her administration [Politico]. And a Toronto police officer was killed during a raid connected to a U.S. consulate shooting, adding to tensions between law enforcement agencies [BBC].

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