SpaceX confidentially files to go public at $1.75tn, reports say

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SpaceX has confidentially filed for an initial public offering on the US stock market, according to reports from Bloomberg and the Wall Street Journal.The IPO is set to be one of the most closely watched and highly valued listings in market history.Elon Musk’s company, which has become a dominant power in both space travel and satellite communications, could potentially seek a valuation upwards of $1.75tn.The confidential filing will give regulators a period to review and discuss the company’s financial disclosures before investors and the public are able to view them.

The IPO could take place as early as June, Bloomberg reported, in what is expected to be a banner year for high-value public offerings.Musk’s rival OpenAI is also planning to go public later this year at an immense valuation, announcing on Tuesday that it had closed a funding round of $122bn, in addition to fellow AI firm Anthropic preparing its own IPO.SpaceX is the parent company of Musk’s own artificial intelligence company, xAI.SpaceX did not immediately respond to a request for comment.Musk, already the world’s richest man, stands to grow his fortune even more from the IPO and get closer to becoming the world’s sole trillionaire.

A successful public offering would be a major victory for the tech mogul after a volatile year that included overseeing Doge’s gutting of the federal government, widespread protests against Tesla and investigations into his Grok chatbot mass-producing non-consensual sexualized images of women and children.Over the past decade SpaceX has grown to become the most valuable enterprise in Musk’s sprawling tech empire.It has signed extensive, lucrative contracts with the US government for defense and space travel.The US space program is heavily dependent on the company, with Nasa utilizing SpaceX rockets for the majority of its launches.In addition to its rockets, SpaceX has grown to be a big satellite communications power through its subsidiary Starlink, which ranks among the largest operators of satellites on the planet.

The satellite internet service is estimated to bring in over half of SpaceX’s revenue and has also increased Musk’s geopolitical influence, with foreign actors such as the Ukrainian military relying on Starlink for combat operations and planning,As it eyed an IPO, SpaceX also acquired Musk’s xAI in February – citing plans to build solar-powered datacenters in space that could help meet the computer and energy demands of the AI boom,The artificial intelligence firm, which owns the social media platform X and makes the Grok chatbot, has lagged behind the capabilities of rivals such as Anthropic’s Claude or OpenAI’s ChatGPT but was nevertheless valued at $250bn in the acquisition,SpaceX has shifted its focus in recent months more toward orbital datacenters and assisting with Nasa’s forthcoming moon landing missions, while Musk’s long-vowed plans to build a civilization on Mars are no longer as prominent a talking point,Details of SpaceX’s finances, long a tightly held secret even to most investors, are likely to be revealed closer to the IPO.

The cost of shares and other information on the listing will also become public after the Securities and Exchange Commission reviews the filing.The company is working with a number of prominent international banks, including Barclays plc in the UK, to coordinate on orders for the IPO, according to Bloomberg.
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How to turn a leftover roast lamb bone into Wales’ national dish – recipe | Waste not

Cawl is Wales’ gift to the world of thrifty, slow-cooked broths and, like all great peasant dishes, it’s seasonal, versatile and immensely practical. A few years ago, Food & Drink Wales invited me to create two food sustainability toolkits, one for hospitality and one for the public, with both celebrating Welsh produce and recipes. This led me to explore Wales’ national dishes and discover cawl (or lobscows, the northern Welsh name for the dish) properly for the first time. Inspired by Welsh culinary legends Dudley Newbery and Tomos Parry’s recipes, it’s the perfect way to turn lamb leftovers, or even just a bone, into a hearty meal.The magic of cawl lies in its sheer simplicity

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Australian supermarket Easter eggs taste test: ‘The quality of Easter chocolate is simply worse’

Nicholas Jordan goes on the hunt for good Easter eggs. After nibbling through 29 products, he is glad the ovum ordeal is overGet our weekend culture and lifestyle emailIf you value our independent journalism, we hope you’ll consider supporting us todayWhen I was a kid, chocolate usually came with some kind of regulatory statement: “you can have some if you finish your dinner”, or “don’t eat it all at once”. But at Easter, that went out the window. The amount of chocolate I ate then is barely believable.Now that adult me is making the decisions, I can eat chocolate whenever I want, with the fervour of an unaccompanied labrador in a pet food shop

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What a slip-up! The shop in Orkney that accidentally ordered 38,000 bananas

Name: Banana bonanza.Age: A few days old – and getting riper by the minute.Appearance: Try to imagine a lot of bananas.Easy. How many bananas is a lot of bananas? About 38,000 bananas

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Ways to use mint sauce without having to roast a lamb

My wife adores roast lamb with mint sauce. However, after an online purchasing blunder, my larder now contains six jars. How can I make use of them apart from serving roast lamb every Sunday from now until the crack of doom?John, by emailAs is so often the case, it all starts with a shift in mindset. “When you see a jar of sauce, there’s a real tendency to think, ‘I must use this as a sauce,’” says Kate Young, author of Dinner at Mine? Start treating that surplus mint sauce as an ingredient instead, however, and your life will be a whole lot easier. “If John is planning on using chopped fresh mint with, say, meat, cheese or veg, then consider how you might use mint sauce in its place,” Young adds

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Sami Tamimi’s recipes for slow-cooked lamb with spicy pickled lemon and jewelled Easter rice

Whenever I’m asked about my favourite dish to serve to friends and family, in most cases I’d say slow-cooked lamb at the centre of the table. After a long, slow cook, the meat becomes tender and rich, and the spices melt into every bite. Served with flatbreads, tahini, fresh herbs and sharp pickles, it invites everyone to build their own perfect mouthful. Across the Middle East and Mediterranean, lamb symbolises generosity and celebration, especially at Easter, when roasting it remains an adored tradition.The lamb is marinated with garlic, olive oil and aromatic spices the night before, to give the flavours time to deepen, then, after luxuriating in the oven, it emerges golden, fragrant and meltingly tender

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I can’t believe it’s got butter: this double-dairy ice-cream has gone viral – but how does it taste?

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