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Elon Musk has officially crossed into trillionaire territory following SpaceX's blockbuster IPO.

On June 12, SpaceX went public at a valuation of roughly $1.77 trillion, pricing shares at $135 each. Musk's pre-IPO net worth was estimated at $813 billion, but his massive stake in SpaceX, alongside holdings in Tesla and other ventures, pushed him past the $1 trillion mark once trading began.

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US President Donald Trump has backed a joint G7 leaders’ statement supporting the recent agreement reached between the United States and Iran, while calling for further negotiations to address Tehran’s ballistic missile programme and regional activities.

 

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Bill Gates testified before the House Oversight Committee in a closed-door session as part of the panel's ongoing investigation into disgraced financier and convicted sex offender Jeffrey Epstein, who died in a New York jail in 2019 while awaiting trial on sex trafficking charges involving underage girls. In prepared opening remarks released as the session began, Gates said Epstein had attempted to use knowledge of his extramarital affairs as leverage to pressure him into resuming contact.

 

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The United States military launched retaliatory strikes against Iran on Tuesday evening after President Trump determined that Tehran had shot down an American Apache attack helicopter patrolling the Strait of Hormuz the night before, setting off a rapid and dangerous escalation that swept across the broader region within hours.

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