More details about SpaceX’s highly-anticipated public debut are expected this week, but some experts are already warning that the stock could come with “substantial” risks.

The company is likely to make its paperwork public in the coming days as it prepares to list on the Nasdaq next month, and the IPO will likely mint Elon Musk as the world’s first trillionaire. But trading could be volatile due to the “Elon Musk effect,” explains the University of Florida’s Jay Ritter, as stocks associated with the world’s richest man tend to see far larger swings than the overall market.

“Even if Starlink generates tens of billions of dollars per year in profits [for SpaceX], the money may be squandered on sending people to Mars rather than sending the money to shareholders,” Ritter said.

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The dramatic courtroom showdown between two of the AI industry’s leading billionaires came to an end Monday as a jury threw out Elon Musk’s case against OpenAI, though Musk said he plans to appeal.

Two of the largest U.S. utility firms, NextEra Energy and Dominion Energy, will merge in a deal valued at nearly $67 billion, as AI fuels electricity demand.

Iranian authorities on Tuesday outlined their latest peace proposal, reiterating the country’s insistence on “its right to uranium enrichment and peaceful nuclear activities,” hours after President Donald Trump said he had called off a military strike to allow for “serious negotiations.”

Wealth Entrepreneurship

The Justice Department moved to drop fraud charges against billionaire Gautam Adani, the second-wealthiest person in India. The decision was expected after the Trump administration suspended enforcement of the Foreign Corrupt Practices Act last year, which the Justice Department used to charge the........

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