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What major milestone is SpaceX preparing for?
Live from NPR News in Washington, I'm Ryland Barton. Elon Musk's SpaceX is getting ready to break new records on Wall Street. The rocket company has officially filed the paperwork for an initial public offering. As NPR's Maria Aspin reports, it could be the biggest IPO ever, surpassing the debut of Saudi Aramco, the national oil company of Saudi Arabia.
The IPO is expected to make SpaceX one of the most valuable companies in the world. It sends rockets into space and holds billions of dollars of U.S. government contracts, but space launches are just part of its business. SpaceX also owns the Starlink communications platform and Elon Musk's artificial intelligence company, XAI.
Tech investors will be watching SpaceX for more details on the costs and payoffs of the AI boom. They're also waiting for big IPOs from OpenAI and Anthropic, the makers of ChatGPT and Claude. Meanwhile, SpaceX's IPO would also make Musk even wealthier. The billionaire and former advisor to President Trump could become the world's first trillionaire. Maria Aspin, NPR News.
The U.S. government has agreed to permanently drop tax claims against President Trump The president says it's part of a deal to resolve his $10 billion lawsuit against the IRS over the leak of his tax returns.
I released them from the lawsuit, and I guess they made a settlement of some kind. I wasn't involved in the settlement. I could have been involved, but I didn't choose to be. So they made a settlement.
The U.S. is, quote, forever barred and precluded from examining or prosecuting Trump, his sons, and the Trump Organization's current tax issues. The settlement also includes nearly $1.8 billion to compensate Trump allies who believe they have been unjustly investigated and prosecuted. Despite a historically unaffordable housing market, more people in their 20s are buying homes.
NPR's Jennifer Ludden reports.
In Milwaukee, 27-year-old Francisco Vazquez manages a fast food restaurant and just bought a three-bedroom home that cost half the national median price. He saved up aggressively for the down payment, partly while living with his parents.
Most of my paycheck, probably like 70% into just broad index stock.
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