SpaceX is reportedly preparing to launch an $75 billion IPO, which could signal a significant shift in the tech sector. Meanwhile, US court verdicts against social media giants and France's finance minister address the economic fallout from the Iran war.

Elon Musk's profitable rocket and satellite internet company SpaceX is reportedly preparing to raise $75 billion on public equity markets as its subsidiary xAI burns cash. But first: a pair of US court verdicts against social media giants could signal the sector's Big Tobacco moment, and France's finance minister convenes G7 officials to address the economic fallout from the Iran war.