Dan Hanson
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SpaceX sets its IPO price at $135 per share a day before trading begins
SpaceX on Thursday set its final IPO price at $135, the last stage in a long running process to bring Elon Musk’s space and AI conglomerate public. The company, which also owns the X social media network, will begin trading on Friday at a valuation of $1.77 trillion. The IPO, which could be a referendum on Musk himself, is also going to be the latest major test of red hot demand for the artificial intelligence boom and the mechanics of the market itself.
Court rules Melbourne mayor's suspension was invalid
Whittlesea mayor Aidan McLindon's suspension invalid, Supreme Court rules Tue 9 Jun 2026 at 7:47pm In short: The Supreme Court has ruled last year's suspension of Whittlesea mayor Aidan McLindon was invalid. The court found Cr McLindon was not afforded procedural fairness during an investigation into his conduct, which rendered the minister's recommendation for his suspension as baseless. Cr McLindon says he is considering his next legal steps against the government in light of the ruling.