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SpaceX's stock market debut: Five risks investors need to know

SpaceX makes its Nasdaq debut this Friday in the largest flotation in history, but analysts warn that a sky-high valuation, weak shareholder rights and mounting losses could leave retail investors exposed. SpaceX is set for the largest stock market debut ever. Elon Musk's rocket company begins trading on the Nasdaq on Friday under the ticker SPCX.

People to drink less booze, but only for the next five years

Changing tastes and tightening belts are reshaping the global drinks industry, with consumption set to fall across traditional markets over the next five years. Global volumes of alcohol consumption will fall until 2031, as consumers in traditional drinking markets such as Europe, North America and China cut back. The consumption of spirits, beer and wine has fallen by 2% from 2024 to 2025 and will continue to fall in the following years until after 2031, a global alcohol market research...