Business

Elon Musk Became The World’s First Trillionaire On 6/12/26, After Spacex’s Largest IPO In History (~$85.7B) Sent Shares Soaring. Fueled By His Stakes In Spacex & Tesla, His Fortune Sparked Debate Over Wealth Inequality. The IPO Reflects Investors’ Confidence In Spacex’s Mars, Starlink, & A.I Goals Despite Losses, Risks & Sale Restrictions.

China’s 2025 Trade Surplus (Exported/Sold More Abroad Than Imported/Bought) Reached A Record $1.19Tn (£890B), The First Time Any Country Topped $1Tn. It Beat China’s 2024 Record Of $993B (Up ~20%). No Other Nation Has Come Close; Past Highs Were ~$600–665B For China And ~$250B For Germany, Making This Extraordinary Amid Global Challenges.

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For The First Time, A Streaming Giant (Netflix) Is Acquiring Warner Bros., One Of The Oldest & Most Iconic Film Studios In The World. The $82.7B Grab, The 2nd Largest Media Merger After The $182B AOL–Time Warner Deal In 2000, Now Faces A $108.4B All-Cash Hostile Bid From Paramount Skydance; Plus Antitrust, Guild, Lawsuit, & Regulatory Hurdles.

Luana Lopes Lara, 29, Ex-Ballerina & MIT Grad, Co-Founded Kalshi, A U.S.-Regulated Event-Betting Platform. A $1B Funding Round Led By Paradigm, Sequoia & A16z Boosted Kalshi To An $11B Valuation. Her 12% Stake Is Worth $1.3B, Making Her The Youngest Self-Made Female Billionaire, Surpassing Lucy Guo ($1.1B, Scale AI) & Taylor Swift ($1.1B).

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Elon Musk Briefly Became The World’s First Half-Trillionaire At $500.1B, On 10/1/25, Driven By Rising Valuations In Tesla, xAI, & SpaceX. With Tesla Stock Up About 15% This Year (2025), Bolstered By His $1B Share Purchase & Tesla’s Pivot Toward AI & Robotics, His Commitment Is Secured By A Proposed $1T Pay Package Tied To Ambitious Goals.

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Larry Ellison Briefly Surpassed Elon Musk As The World’s Richest, On 9/9/25, After Oracle Shares Surged 40% On Booming AI & Cloud Demand, Lifting His Net Worth To $393B Vs Musk’s $385B. Musk Could Become The First Trillionaire If Tesla’s 10-Yr Ambitious Targets Are Met. Ellison’s Oracle Is A Top Contender For Tiktok Amid U.S. Divestment Pressure.

Nvidia, On 7/4/25, Briefly Became The World’s Most Valuable Company At $3.92T, Topping Microsoft ($3.7T, 2nd) & Apple ($3.19T, 3rd). A Fierce AI Race Among Tech Giants Has Driven Massive Demand For Nvidia Chips. Now Worth More Than All UK-Listed Firms & Canada+Mexico’s Markets, It Makes Up 7% Of The S&P 500, & 28% With Other Tech Titans.

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Capital One’s $35B All-Stock Merger With Discover Would Make Capital One The Largest U.S. Credit Card Issuer, & Could Challenge Visa/Mastercard By Shifting Its Customers To Discover’s Network. The DOJ Found No Reason To Block The Deal, & The Federal Reserve & OCC Have Given The Final Approval. But Critics Warn Of Higher Fees & Credit Costs.

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Trump Announced Tariffs On 4/2/25—The Highest Import Taxes Since The 1800s: A 10% Baseline On U.S. Imports, With Steeper Rates For Nations Like China, Cambodia & Vietnam. The Move Ends Free Trade, Aiming To Boost U.S. Industry But Risking Higher Prices, Economic Damage, And Global Tensions. Stocks Lost $5T In 2 Days—The Biggest 2-Day Drop Ever

El Salvador, The First Country To Adopt Bitcoin As A Legal Tender, Now Partners With Tether For An Initiative Offering Foreign Investors A Salvadoran Passport For $1 M In Bitcoin. The Initiative Targets High-Net-Worth Investors, Raising Concerns About Socio-Economic Disparities And Displacements In Crypto-Attracting Areas Like El Zonte.

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