Business
Musk’s first SpaceX employee calls historic $1.77 trillion IPO ‘life-changing’
First SpaceX employee Tom Mueller reflects on the company’s early years ahead of its IPO on ‘The Claman Countdown.’
SpaceX’s first employee, Tom Mueller, said the company’s record-breaking IPO will be a “life-changing” moment for employees during an exclusive interview with “The Claman Countdown” on Thursday.
SpaceX will start trading on the NASDAQ on Friday in the largest IPO in history. The IPO is expected to be priced at $135 per share and aims to raise $75 billion, valuing the company at $1.77 trillion.
“Elon always said that ‘Your salary is one thing, but it’s the equity that’s gonna be worth something.’ And we are all like, ‘Yeah, okay someday,” Mueller said. “That day is here. It’s great.”
WHY IT’S INEVITABLE THAT ELON MUSK WILL BE A TRILLIONAIRE

Chief Technology Officer of X Elon Musk speaks at a conference on June 19, 2024, in Cannes, France. (Richard Bord/WireImage / Getty Images)
SpaceX will trade under the ticker symbol SPCX, and its employees could become millionaires based on their access to stock options.
The IPO will create more than 4,000 new millionaires among current and former employees of the 24-year-old space giant, according to estimations.
“We’re having a little party tomorrow morning at 6 a.m. We’re going to ring our own bell and celebrate with a bunch of early SpaceX employees,” Mueller told FOX Business.
SpaceX’s founder, Elon Musk, could possibly become the world’s first trillionaire following the historic market debut.
SPACEX TO SEND STARSHIP TO MARS NEXT YEAR, ELON MUSK CONFIRMS

BROWNSVILLE, TX-MAY 27: Elon Musk is photographed at SpaceX in Brownsville, Texas (Photo by Marvin Joseph/The Washington Post via Getty Images) (Marvin Joseph/The Washington Post via Getty Images / Getty Images)
His estimated net worth could rise 26%, from roughly $793 billion to $1 trillion, based on the market value of the assets he owns, including SpaceX and Tesla.
Mueller, who was hired as SpaceX’s first employee in 2002, led projects including the Merlin Engine that powers Falcon 9, the Raptor Engine that powers Starship and other key propulsion systems.
He said joining SpaceX from a large, bureaucratic space corporation was “refreshing” and gave him more freedom to innovate, describing Musk’s company culture as energizing.
“I had just come from TRW, a big space corporation, and getting away from the bureaucracy and able to move fast and really be energized and do the type of product development that we wanted to do… It was really refreshing and fun, actually, even though it was hard. It was actually really satisfying,” Mueller said.
FIRST PRIVATE SPACEX POLAR MISSION SPLASHES DOWN NEAR CALIFORNIA

SpaceX’s Falcon 9 rocket prepares for liftoff from Cape Canaveral Space Force Station in Florida on Sunday, Aug. 31, 2025. (SpaceX)
Mueller explained how a pivotal moment in 2008 helped pull the company, which generated $18.7 billion in revenue in 2025, back from the brink of bankruptcy.
“2008 was actually the year that we finally made orbit, the fourth flight of Falcon 1 made orbit that year, and it was also when we were just about out of money and that flight saved us,” he told “The Claman Countdown.”
“Then we really got regimented and started flying Falcon 9, the rocket that’s currently flying. And it’s been the most reliable rocket in history. So, it really all came together. And now look where we’re at now. We’re a trillion-dollar company.”

Traders work on the floor of the New York Stock Exchange (NYSE) the day after the Dow fell nearly 1,000 points as the conflict in Iran continues on June 11, 2026 in New York City. Markets were up over 200 points in morning trading. (Spencer Platt/Getty Images / Getty Images)
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Major investors and corporations are eagerly awaiting SpaceX’s market debut, with BlackRock placing an order for at least $5 billion in shares, according to The Wall Street Journal.
IPO investors can make trades as soon as the SpaceX stock goes live on Friday.
Business
New Zealand manufacturing slips into contraction amid weak demand, higher costs

New Zealand manufacturing slips into contraction amid weak demand, higher costs
Business
Arlo Stock: Excellent Execution As Company Expands To Senior Monitoring (NYSE:ARLO)
With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ARLO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
(VIDEO) Knicks Complete Record 29-Point Comeback in Game 4 to Lead Spurs 3-1 in NBA Finals
NEW YORK — The New York Knicks staged one of the most remarkable comebacks in NBA Finals history, erasing a 29-point deficit to defeat the San Antonio Spurs 107-106 on Wednesday night and take a commanding 3-1 series lead.
OG Anunoby tipped in a miss by Jalen Brunson with 1.2 seconds remaining, completing the historic rally at a raucous Madison Square Garden. The victory puts the Knicks on the brink of their first championship since 1973, with three chances to close out the series starting with Game 5 on Saturday in San Antonio.
It was the largest comeback in Finals history, surpassing the previous mark of 24 points set by Boston against the Lakers in 2008. The Spurs had led 81-52 in the third quarter and held a 27-point advantage at halftime, appearing headed for a commanding road win.
Dramatic Rally Unfolds
The Knicks limited San Antonio to just 14 points on 4-for-20 shooting in the third quarter, using a 13-0 run to claw back into contention. They entered the fourth quarter trailing 90-75 but outscored the Spurs 32-16 in the final period to pull off the improbable victory.
Brunson led the Knicks with 36 points, delivering clutch scoring throughout the comeback. Anunoby finished with 33 points and made the game-winning play, swooping in as Brunson’s long three-point attempt bounced off the front rim.
“I told OG as big, as strong, as athletic as he is, he’s got to be a monster on the offensive glass tonight,” Knicks coach Mike Brown said. “I don’t know if there was a play bigger than any other play in the history of Knicks basketball.”
Delirious fans inside Madison Square Garden erupted as the final seconds ticked away, singing along to Journey’s “Don’t Stop Believin’” after witnessing a moment that seemed almost impossible earlier in the evening.
Spurs Collapse After Strong Start
The young Spurs built their massive lead with hot three-point shooting, making 11 of their first 16 attempts. However, they went cold in the second half, shooting just 3 for 17 from beyond the arc as the Knicks mounted their charge.
Victor Wembanyama recorded 24 points and 13 rebounds but shot 9-for-25 from the field. The 7-foot-4 phenom struggled to impose his will consistently against New York’s physical defense in the second half.
“We got on our heels — we missed some shots,” Spurs coach Mitch Johnson said. “It’s disappointing, to say the least.”
Dylan Harper scored 21 points for San Antonio, while De’Aaron Fox and Devin Vassell each added 18. The Spurs, who had won Game 3 in New York to avoid falling into a 3-0 hole, now face elimination pressure on their home court.
“I think it began before (the fourth quarter),” Wembanyama said of the collapse. “I can’t really explain it right now. I don’t know. … We clearly weren’t the most hungry in the second half.”
Historic Context and Series Implications
The Knicks had their 13-game winning streak snapped in Game 3 but responded with resilience that has defined their playoff run. This marks only the second time in Finals history that road teams won the first three games, and the Spurs were well-positioned to make it four before the dramatic reversal.
No team had come from more than 24 points down in a Finals game since detailed play-by-play tracking began in 1997. The Knicks’ effort now stands as the largest comeback in Finals annals and the second-largest in any playoff game, behind only the LA Clippers’ 31-point rally against Golden State in 2019.
The series has been intensely physical, with Wembanyama drawing flagrant fouls and heightened defensive attention. The hostile environment at Madison Square Garden played a significant role in the momentum shift, energizing the Knicks during their third-quarter surge.
Path to the Title
A Knicks victory in Game 5 on Saturday would give them their first title in more than five decades. The franchise last won in 1973 under Willis Reed. This year’s team, built around Brunson’s leadership and a balanced supporting cast, has overcome significant obstacles throughout the postseason.
The Spurs, in just their third season with Wembanyama, have exceeded expectations by reaching the Finals. A return home for Game 5 offers them a chance to extend the series and test the Knicks’ resolve in a hostile environment once more.
Coaching and Tactical Notes
Mike Brown’s adjustments in the second half, particularly emphasizing offensive rebounding and defensive intensity, proved decisive. The Knicks’ ability to limit San Antonio’s three-point shooting after halftime was a turning point.
Mitch Johnson and the Spurs staff will need to regroup quickly, addressing second-half execution and finding ways to sustain energy against a motivated Knicks squad.
Fan and Cultural Impact
The atmosphere at Madison Square Garden was electric, with fans roaring through every run. Celebrities including Taylor Swift were in attendance, adding to the spectacle of a Finals game that will be remembered for years.
The Knicks’ resilience has captivated New York and basketball fans nationwide, evoking memories of past championship teams known for toughness and never-quit attitudes.
As the series shifts back to San Antonio, the Spurs will look to leverage home-court energy while the Knicks aim to close out the championship on the road. Game 5 promises another intense battle between two resilient teams featuring generational talents in Brunson and Wembanyama.
The 2026 NBA Finals have already delivered drama and historic moments. With the Knicks one win away from ending a long title drought, the coming games will determine whether New York completes its journey or if San Antonio forces a longer, more grueling series.
The Knicks’ record comeback in Game 4 stands as a testament to their character and sets up what could be a memorable conclusion to the 2026 postseason.
Business
Trump, allies working on plan to void his impeachments, WSJ reports

Trump, allies working on plan to void his impeachments, WSJ reports
Business
Treasury Yields, Dollar Little Changed on Inflation Data, Iran Tensions
Treasury yields and the dollar are little changed from Tuesday, as U.S. inflation meets expectations and the war in Iran flares up.
The 12-month May CPI accelerates to 4.2% from 3.8% in April. Ex-energy and food, core inflation is a milder 2.9%, up from 2.8%. The Fed is expected to keep rates unchanged next week while markets price in high odds of a hike later.
The U.S. attacks Iran and President Trump says Tehran has taken too long to make a deal. Crude futures rise 1%. The WSJ Dollar Index is flat.
Business
NPFD: Rising Rates May Increase Risk Profile
NPFD: Rising Rates May Increase Risk Profile
Business
Matador Resources Company (MTDR) Shareholder/Analyst Call Prepared Remarks Transcript
Joseph Wm. Foran
Founder, CEO & Chairman of the Board
Greetings everyone. I’m delighted to welcome all of you here. I can remember going back 40 years ago or maybe a little more when we have our annual meetings, and we could have had them in a closet really. And today, it’s fun to look out there and see over 300 people meeting today to help guide us going forward. So we started with $270,000 and today, we have over $10 billion in assets and moved our shareholder count from 2, which was Nancy and me. And then we were excited when we got to 17, which was our 17 original investors, some of which are here today.
And now we have 300 people showing up for a meeting like this, and it’s really exciting because so much of our industry has gone to the private equity for capital, and we just stayed with friends and family. And I’m very pleased to report that PwC through Fortune Magazine listed the top 1,000 public companies in the States. And that was across all industries. And based on 2024 revenue, which, of course, our 2026 will be much better than that, we were ranked at 826. So we broke into the top 1,000 and the Dallas Morning News said we were #1 in revenue per employee across all industries, too.
So moving in the right direction, and we were a top 10 producer in New
Business
Former Detective Explains Why Nearby Kidnapping Suspect Drew Attention in Nancy Case

TUCSON, Ariz. — A retired homicide detective has explained why investigators in the Nancy Guthrie disappearance case would still examine a wanted kidnapping suspect whose alleged crime occurred less than seven miles from the 84-year-old’s home, even as authorities maintain the cases are unrelated.
Maureen O’Connell, a former FBI agent, highlighted the detail during an interview with NewsNation, noting that the family initially told first responders they had no access to or control over the security cameras around Guthrie’s residence. Those cameras, installed primarily for wildlife observation, provided one of the few pieces of visual evidence in the case — footage of a masked individual attempting to disable the doorbell camera on the night of Feb. 1.
“The thing I found very, very interesting was that the family let the first responders know — this is based on the dispatch recordings — that they had no access or control over any of the cameras around that house,” O’Connell said. She added that the general understanding appeared to be that the cameras were for observing wildlife. “I just found that strange.”
O’Connell stressed that in any major missing person or abduction investigation, detectives cast a wide net. “In any major missing person or abduction-type of investigation, the investigators are going to cast a wide net,” she explained. This includes examining nearby criminal activity for patterns or potential sources of information that could generate leads.
Case Background and Reclassification
Nancy Guthrie vanished from her Tucson-area home on Feb. 1 under suspicious circumstances. Security footage captured a masked man at the property, blood evidence was reportedly found at the scene, and she left behind critical heart medication. More than four months later, no remains have been recovered despite extensive searches.
The investigation has shifted to a “no-body” murder probe, with authorities believing forensic and circumstantial evidence points to a violent crime at the residence. The Pima County Sheriff’s Department and FBI continue active pursuit of leads, describing the case as far from cold.
A Tucson woman, Coral Michelle Smith, is wanted in a separate late-May kidnapping and aggravated assault case. While police have stated there is no evidence linking Smith to Guthrie’s disappearance, the proximity of the alleged crime has drawn public speculation and prompted questions about investigative thoroughness.
Why Nearby Crimes Matter
Retired homicide detective Chris McDonough, director of the Cold Case Foundation, reinforced the standard protocol of exploring local criminal activity. “This would be a very standard protocol to try to find her and see if they can connect her in any way, shape or form,” McDonough said. Investigators would likely question individuals familiar with street-level activity near the Guthrie home.
“They’re going to ask her about any familiarity around the Guthrie home. What’s the word on the street?” he added. Even if someone is not considered a suspect, they may hold peripheral information. “She may not be involved in any way, shape or form, but she may have information that may connect something.”
This wide-net approach is common in complex missing persons cases where initial evidence is limited. Detectives seek patterns, witness accounts and potential links that might otherwise be overlooked. The desert terrain around Tucson adds further complexity, with vast search areas and environmental factors hindering physical recovery efforts.
Family’s Ongoing Ordeal
Savannah Guthrie, co-anchor of NBC’s “Today” show, has spoken candidly about the emotional toll. “I cry every morning on the way to work, and I cry every morning on the way home,” she said during a recent appearance. She has described balancing profound sadness with moments of joy for her children while the family awaits answers.
The Guthrie family has offered a $1 million reward for information leading to Nancy’s recovery. They continue cooperating fully with authorities while navigating intense public interest driven by Savannah’s high-profile role.
Neighborhood Disruptions and Enforcement Actions
The quiet Catalina Foothills neighborhood has been transformed by the case’s notoriety. True crime enthusiasts, amateur sleuths and content creators have converged on the area, leading to complaints about trespassing, road obstructions and disruptive behavior. Sheriff Chris Nanos has increased enforcement, resulting in citations and arrests for public nuisance.
A memorial near the home was removed, reportedly by the homeowners association. Officials established designated media areas early on to balance transparency with the need to protect the integrity of the investigation.
Challenges in Long-Term Missing Persons Cases
The Nancy Guthrie case illustrates broader difficulties in prolonged missing persons investigations, particularly those involving vulnerable adults. Without physical remains or a clear suspect, building a prosecutable case relies heavily on circumstantial evidence, digital records, timelines and community tips.
The transition to a no-body murder framework signals that authorities believe they have reached a threshold of evidence suggesting homicide, though proving it without a body remains a significant legal hurdle. Successful prosecutions in similar cases often hinge on meticulous documentation and strong narrative threads connecting forensic details, behavioral patterns and witness statements.
Public Cooperation Still Essential
Law enforcement continues to urge anyone with information, no matter how minor, to come forward through official channels. Tips can be submitted anonymously to the FBI at 1-800-CALL-FBI or the Pima County Sheriff’s Department. Officials emphasize that even small details could help connect pieces of the puzzle.
The $1 million family reward remains active, providing a substantial incentive for credible information. Investigators stress the importance of allowing professionals to handle the case without interference from unauthorized individuals.
Community and Media Attention
The high-profile nature of the disappearance, tied to Savannah Guthrie’s national platform, has sustained intense media coverage and public interest. While this attention has generated tips, it has also complicated operations by drawing crowds to the neighborhood.
Authorities have navigated the balance between transparency and operational security, providing regular updates while protecting sensitive details. The case serves as a reminder of the human impact behind high-profile investigations and the strain placed on families enduring prolonged uncertainty.
Path Forward in the Investigation
As the case moves deeper into its fifth month, the focus remains on forensic analysis, digital evidence review and neighborhood canvassing. The FBI and local agencies continue collaborating, with every resource dedicated to determining what happened to Nancy Guthrie on Feb. 1.
The separate kidnapping case involving Coral Michelle Smith will be pursued independently, but the principle of casting a wide net ensures that any potential overlaps or useful information are thoroughly examined. This methodical approach, while sometimes appearing slow to outsiders, is standard in efforts to build the strongest possible case.
For the Guthrie family and the Tucson community, the search for answers continues amid profound loss. Investigators maintain that the probe is active and evolving, with hope that new leads or evidence will eventually bring resolution and justice.
The Nancy Guthrie disappearance has captured national attention not only because of her daughter’s prominence but also due to the enduring mystery surrounding the events of that February night. As authorities explore every avenue — including nearby criminal activity — the case underscores both the challenges and the dedication required in long-term investigations of this nature.
Public cooperation and patience remain vital as professionals work to uncover the truth. The coming weeks and months may bring further developments as the no-body murder investigation advances and every possible connection is examined. For now, the focus stays on following leads and supporting the family through their ongoing ordeal.
Business
Alphabet Convertible Preferred Offers 6% Yield and Upside With Common Stock
Alphabet Convertible Preferred Offers 6% Yield and Upside With Common Stock
Business
LPP SA (LPPSY) Q1 2027 Earnings Call Transcript
Monika Wszeborowska
Good afternoon, Monika Wszeborowska. I would like to welcome you at the conference — LPP Conference results — on the results of the first quarter. With me here is Marcin Bojko, CFO; and Magdalena Kopaczewska, Investor Relations representative.
We presented the results from the first quarter, how they reflects the reality in our activity. We will talk about to you in a moment. We would like to present to you our plans for this year, but also we would like to refer to our plans for the next three years regarding our development, development of our stationary network.
During this meeting, we would like to present to you our financial goals for 2026 and ’27 and the entire meeting will end with Q&A. You can ask questions via chat that is visible on your screens. It’s already active, and it will be active till the end of today’s conference. After the conference, if you have any additional issues or questions, please contact our Investor Relations Department and lpp.investor.relations@lpp.com or via our media@lpp.com.
So let’s move on to the results from the first quarter. Thank you. Traditionally, the summary of the first quarter, let’s start with most important operational events. In the first quarter of ’26, we opened 121 new stores, 102 in Sinsay brand according to our plans for this time. At the same time, we spent already PLN 600 million (sic) [ PLN 562 million ] for investment within the first quarter. Close to PLN 3 million (sic) [ PLN 300 million ] was allocated for logistics.
This year is not going to be a record-breaking year, but constantly, we’ve been investing
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