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businessSunday, June 28, 2026

SpaceX IPO lifts space economy, then cools

SpaceX's public listing sent a jolt through the space sector, lifting lunar infrastructure stocks and briefly making Elon Musk a trillionaire. But the stock has since fallen below its opening price, and skepticism is spreading to adjacent hype, like orbital data centers. Meanwhile, the rest of business today is about costs: Volkswagen may cut 100,000 jobs, tech firms blame AI chips for rising device prices, and Germany's coal phase-out looks shaky.

Sources
+8

Space economy lift and letdown

SpaceX's IPO revalued the entire space sector, but the stock's post-IPO slide is already prompting second thoughts about space hype.

#02boingboing.netJun 28
0
SpaceX stock took a predictable trajectory

SpaceX's stock followed a classic boom-and-bust pattern: surged to $251, then fell to $149, below the opening price. Most day-one buyers are underwater, and Musk's trillionaire status evaporated.

4 min readRead original

Costs squeeze across industries

From automakers to consumer electronics, companies are passing on higher costs, and blaming AI chips for the pinch.

#06www.bbc.comJun 28
0
Is Germany looking again at coal-powered electricity?

Germany, Europe's largest coal user, may reconsider its coal phase-out as rising natural gas prices threaten the transition, a reminder that energy economics can override climate pledges.

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