Iran Warns of Potential Strikes on Elon Musk’s Middle East Assets
Tensions in the Middle East have escalated as Iranian state-linked media warned that Elon Musk’s regional infrastructure—including Starlink ground stations—could be considered military targets. While Starlink is a commercial network, its critical role in modern communications and conflict zones has transformed it into a strategic asset.
This reported threat highlights the growing risks for private tech companies operating in high-stakes geopolitical theaters as they become central to global security.
Donald Trump says “everyone” is telling him that Barack Obama was the most corrupt president in American history.
Everyone? Who exactly?
Whenever Trump makes an extraordinary accusation, the evidence often seems to come from unnamed people who supposedly approach him with tears in their eyes and confirm exactly what he already believes. No documents, no names and no verifiable proof—just “everybody is saying it.”
Obama left office nearly a decade ago, yet Trump continues bringing him up whenever he needs an enemy, a distraction or someone to blame. Meanwhile, Americans are dealing with problems happening right now: rising living costs, expensive healthcare, political corruption, overseas conflicts and growing distrust in government.
Presidents should be judged by evidence, not dramatic accusations repeated at rallies or during television interviews. Calling someone “the most corrupt president ever” is easy. Proving it is something entirely different.
If Trump possesses credible evidence of criminal conduct, he should release it publicly. Until then, “everyone is telling me” is not proof—it is merely another political talking point.
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BREAKING: Elon Musk’s SpaceX (SPCX) is set to report its first earnings since going public after the market closes.
Meanwhile, SpaceX shares have jumped more than 8% to $124 ahead of the earnings report.
Here’s what analysts expect from SpaceX’s earnings report:
Analysts expect the AI business to nearly triple to $2.33 billion in the April-June quarter, up sharply from 12.5% growth in the prior quarter, according to LSEG-compiled data.
SpaceX's AI expansion consumed $7.72 billion in the January-March quarter, accounting for about three-quarters of the company's total capital spending.
Analysts expect SpaceX to report capital expenses of nearly $14.05 billion in the April-June quarter.
Starlink growth is also expected to accelerate to 52.6% from 31.6%, driven mainly by expansion into more countries.
Analysts expect revenue from connectivity (Starlink) of $3.82 billion and operating profit of $1.42 billion in the second quarter ended June 30. In the first quarter, operating profit was $1.19 billion.
For the whole company, analysts expect SpaceX to report second-quarter revenue of about $6.93 billion and loss before interest and taxes of $1.55 billion.
Leveraged ETFs in chip stocks are seeing historic capital flows.
Global leveraged and inverse ETFs tracking SK Hynix now hold ~$5.5 billion in assets, the most of any single stock worldwide.
This is followed by Micron, $MU, and Nvidia, $NVDA , which account for ~$5.1 billion and ~$4.8 billion in leveraged and inverse ETF assets, respectively.
By comparison, Tesla, $TSLA , is the largest non-chip name on the list, with ~$3.7 billion tied to the stock.
In total, semiconductor-related names account for ~$21.0 billion in leveraged and inverse ETF assets.
Meanwhile, the 3x leveraged US semiconductor ETF, $SOXL , attracted +$6.9 billion in inflows in July, the largest monthly intake in the fund’s history.
Chip stocks have become the center of leveraged ETF exposure.