James Walcock

news when you want it with bloomberg news now i'm james walcock and i'm caroline hepker spacex has made history with the biggest stock market listing of all time the elon musk-led company raised 75 billion dollars with shares priced at 135 dollars each at that price spacex is worth about 1.77 trillion dollars making it one of the world's most valuable public companies

including employee stock awards and options, that valuation rises to roughly $1.8 trillion.

Dan Ives is Global Head of Technology Research at Wedbush Securities.

That is Dan Ives, the AI tech bull there, as Musk's fan base played a crucial component in the deal.

Sources tell that retail investors alone have placed more than $100 billion in orders, far exceeding the 20% of shares reserved for them.

Well, as well as raising tens of billions of dollars for the company, the listing of SpaceX makes Elon Musk a near trillionaire.

It's a status he could hit once the stock starts trading later today, as Bloomberg's Tom McKenzie reports.

While staying in the UK, Keir Starmer has insisted a key defence funding plan provides the resources the UK military needs after his Defence Secretary resigned yesterday in protest.

In a highly damaging resignation letter, John Healey says the Prime Minister and the Treasury were unwilling to commit the funding needed for defence.

Hours later, Armed Forces Minister Al Cairns also resigned.

General Sir Richard Barons co-authored the UK Strategic Defence Review.

General Richard Barrons was speaking after John Healey and military chiefs had pushed for a commitment to increase defence spending to 3% of GDP by 2030.

Former Security Minister Dan Jarvis has been appointed as Healey's replacement.

European central bank policymaker Primož Dolence says yesterday's interest increase was necessary to keep prices in check.

Speaking hours after the quarter-point increase, Slovenian central bank chief explained the decision.

Primoz Dolentz speaking there to Bloomberg.

Yesterday, the ECB also boosted its forecast for consumer price gains this year and the next, while lowering projections for economic growth.

President Christine Lagarde has warned that inflation is broadening through the eurozone, requiring policymakers to step in.

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