SpaceX IPO: Sky-High Valuation Defies Gravity, Descent Looms
SpaceX's IPO boasts a $1.77tn valuation, nearly 100 times revenue, driven by Musk's cult and AI hopes. But analysts warn of overvaluation and a likely fall.
Category : Business
Recession Warning as Australia's GDP Slumps
Australia's GDP growth fell to 0.3% in March quarter, prompting a top economist to warn of a potential recession amid an unsustainable economy and global disruptions.
RBA Governor Defends 2025 Rate Cuts Despite Reversal
RBA Governor Michele Bullock says she does not regret cutting interest rates in 2025, despite the central bank reversing those cuts this year as inflation surged again.
Coalition, Greens Slam Chalmers' 'Henry VIII' Tax Powers
Coalition and Greens MPs are pushing to strip back sweeping ministerial powers in Labor's tax overhaul, warning Treasurer Jim Chalmers would gain 'Henry VIII powers' to alter key parts of the regime without full parliamentary scrutiny.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Aussies Fume Over $15 Can of Alcohol at Rod Laver Arena
Australians are outraged after a single can of alcohol was priced at $15 at Melbourne's Rod Laver Arena, sparking debates on social media about price gouging at events.
Albanese slams US tariff as ideological disagreement
Prime Minister Anthony Albanese has criticised the Trump administration's new 12.5% tariff on Australian goods, calling it an ideological disagreement over forced labour claims.
Greensill Gets Nine-Year UK Company Ban
Financier Lex Greensill has been banned from running UK companies for nine years after his firm collapsed owing £1.6bn. The Insolvency Service found he breached director duties, causing $440m loss to Credit Suisse.
Amazon expands ultra-fast UK deliveries, adds fresh groceries
Amazon is expanding its ultra-fast delivery service to Manchester and Birmingham, and adding fresh groceries to same-day deliveries in London, as part of its UK expansion.
Paying More for a T-Shirt Doesn't Guarantee Ethical Production
Higher prices don't ensure ethical T-shirts. Experts say you need to dig deeper into brands' practices, and cheap prices are a warning sign. Affordable ethical options exist.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Why 'Doomspending' Is on the Rise: A Self-Fulfilling Prophecy
Doomspending, the trend of frivolous spending without regard for future consequences, is rising among young westerners due to economic anxiety and disillusionment with traditional saving.
Christian Energy Drinks: Yahweh, Agape, 4gvn Enter Market
Celebrity beverages are everywhere, and now Christian energy drinks like Yahweh and Praise Energy aim to spread the gospel. But are they treating Jesus like an uncopyrighted mascot?
Scarborough Sunset Markets Winter Edition Returns June 13
Scarborough Sunset Markets returns for winter on Saturdays from June 13 to October 24, featuring 50 stalls, new food vendors like Bache Bakery and Fufu Cream, plus artisan goods.
Reform UK raises £9m from crypto billionaires
Reform UK raised £9m in private donations in Q1 2026, largely from cryptocurrency billionaires, more than double Labour and Conservative totals, sparking concerns over political influence.
Trump's K-Shaped Economy: Wealthy Soar, Rest Struggle
Steven Greenhouse examines how Trump's policies have worsened the K-shaped economy, with the wealthy benefiting from a booming stock market while most Americans face rising inflation, high gas prices, and stagnant wages.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
SA Budget: No Surprises, Debt Looms Large at $53.6 Billion
South Australia's state budget offers no new taxes, but projected debt of $53.6 billion by 2030 raises concerns. Fee-free schooling and small goodies are highlights.
UK Challenges EU Over Steel Import Quota Cuts
UK business secretary Peter Kyle will meet EU trade commissioner Maroš Šefčovič to discuss EU plans to cut tariff-free steel imports by 47%, which the UK steel industry warns could be devastating.
Low-Dose Zoladex Withdrawn: Patient Impact Explained
AstraZeneca is pulling low-dose Zoladex from the Australian market from November 2026. This affects prostate cancer, breast cancer, and endometriosis patients. Learn about alternatives and what to do.
Rising Costs Hit Farmers Amid Iran Conflict
Farmers worldwide face rising costs for fuel, fertiliser, and feed due to the Iran conflict, plus extreme weather and climate change pressures. Share your story.
SpaceX's $1.75 Trillion Valuation Sparks Investor Doubts
SpaceX plans a June IPO at $135/share, valuing the company at $1.75 trillion. Analysts warn the price is too high given 2024 losses of $4.9 billion on $18.7 billion revenue.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Investors Eye Regional Yields Over Tax Breaks
The latest federal budget shifts focus from tax breaks to regional investment yields, impacting property investors across Australia.
Global Justice Report: Utopian Vision for Planet
The World Justice Report outlines a plan for prosperity within planetary boundaries, challenging far-right and traditional left alternatives with concepts of sufficiency and global equity.
SA Budget: Relief, Infrastructure, Debt Rise
South Australia's cautious state budget delivers cost-of-living relief, major infrastructure spending, and rising debt, with Treasurer defending debt as investment.
Ninja's EOFY Sale: Huge Discounts on Top Appliances
Ninja's EOFY sale slashes prices on cult-favourite air fryers, frozen drink makers, and more until July 1. Save up to $150 on top appliances.
SpaceX eyes record $75B IPO, valuing firm at $1.765T
SpaceX aims to raise $75 billion in a record IPO, valuing the company at $1.765 trillion. The offering could make Elon Musk the world's first trillionaire.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Best Mattress Deals in Australia: EOFY Sale 2026
Discover the best mattress deals for EOFY sales 2026 in Australia. Save up to 60% on top brands like Ecosa, Forty Winks, Emma Sleep, and more.
Slowing Economy, Not AI, Makes Jobs Harder: Deloitte
A new Deloitte report says a slowing economy, not artificial intelligence, is making it harder for Australians to find jobs in 2026, with employment growth slowing and unemployment rising.
Hong Kong Tops Switzerland in Wealth Management
Hong Kong has surpassed Switzerland as the world's largest cross-border wealth management hub, driven by inflows from mainland China and strong IPO activity. Swiss banks remain calm, seeing it as leverage against tighter regulations.
Best Early The Good Guys EOFY 2026 Deals: Save Big on Tech
Discover the best early End of Financial Year deals at The Good Guys in Australia. Save up to $1500 on Samsung TVs, Dyson vacuums, Galaxy phones, air fryers, and more.
Samsung EOFY Sale: Save on TVs, Phones, Appliances
Samsung's EOFY sale offers massive discounts on top-rated tech including TVs, smartphones, tablets, and whitegoods. Save up to $1,000 on select items.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Plastic 'franken-cans' and netted avocados named worst packaging
The inaugural Unpackit Awards have named a plastic-aluminium coffee can as Australia's worst packaging, while supermarkets are slammed for netted avocados and individually wrapped Mentos.
Page 60 of 66
