SpaceX has debuted on US markets with a market valuation of more than $2 trillion, minting CEO Elon Musk as the world’s first trillionaire.

Shares opened on Friday at $150 per share, marking a 11 percent increase from the initial public offering (IPO) price of $135, valuing the company at $1.96 trillion and putting the aerospace company on track to become the sixth-largest company in the United States.

The stock surged 18 percent to $159 per share, up from the $135 it had been priced at, as the trading day came to a close.

Markets more broadly ticked higher amid a possible interim peace deal between the United States and Iran that could open the Strait of Hormuz. The Dow Jones Industrial Average is up 0.6 percent, the Nasdaq is up 0.2 percent, and the S&P 500 is up 0.35 percent as trading wraps up for the week.

The company sold $75bn in shares, immediately valuing it at $1.77 trillion. The IPO was oversubscribed four times higher than was otherwise expected, according to the Reuters news agency.

Of the institutional investors allocated, according to Bloomberg News, as much as 70 percent went to what are called long-only investments — a strategy in which holders buy assets based on the expectation that their value will grow over time — and sovereign wealth funds, including those from Saudi Arabia and Kuwait as well.

SpaceX President Gwynne Shotwell and Chief Financial Officer Bret Johnsen rang the opening bell at Nasdaq MarketSite in New York City at 9:30am local time as US markets opened.

On Thursday, protesters gathered outside the MarketSite to protest the IPO amid continued allegations that Grok, part of xAI, a subsidiary of SpaceX, allowed users to create non-consensual deepfake sexualised images before the IPO debut.

Shares of SpaceX did not trade until the middle of the trading day as the exchange collected buy and sell orders and underwriters delayed trading until supply and demand were balanced.

“We would expect SpaceX to see an immediate pop in trading due to the hype around the deal, north of 20 percent perhaps,” said Samuel Kerr, global head of equity capital markets at Mergermarket. “Anything lower would actually make me nervous.”

Exchanges and trading firms are eager to avoid the technical mishaps that marred Meta’s 2012 debut. With SpaceX widely viewed as a dress rehearsal for a new generation of mega-listings, market participants will also be watching for signals on investor appetite in advance of forthcoming IPOs for AI heavyweights Anthropic and OpenAI.

The landmark listing cemented Musk’s status as the first trillionaire ever and propelled SpaceX into the ranks of the world’s most valuable companies — even though the firm posted a loss of nearly $5bn last year and generated only a fraction of the revenue brought in by similarly valued tech giants.

The surge comes amid growth driven by its Starlink subsidiary, which drives as much as 80 percent of its revenue.

On Friday, SpaceX launched its Falcon 9 rocket with 29 satellites into space from Cape Canaveral in Florida.

[Aljazeera]

Canada substitute Cyle Larin made an instant impact as his goal rescued a point for the co-hosts as they began their 2026 World Cup campaign with a draw against Bosnia-Herzegovina.

Southampton striker Larin had only been on the pitch for just over two minutes when he superbly spun away from Tarik Muharemovic and fired past Nikola Vasilj, aided by a slight deflection.

It was the first time Canada had avoided defeat in the World Cup finals, after they had been beaten in all three games in 1986 and then again in 2022.

Bosnia, who gained penalty shootout wins in the qualifying play-offs over Wales and then Italy to secure their place in North America, took a 21st-minute lead in Toronto.

Jovo Lukic grabbed his first goal for his country when he headed in after ex-Arsenal defender Sead Kolasinac had flicked on Ivan Basic’s corner.

Canada nearly equalised early in the second half as Richie Laryea’s shot was going in, only for Kolasinac to produce an excellent clearance by diverting the ball on to the crossbar and away.

The hosts pushed for a leveller and had another good opportunity, only for Nikola Katic to clear off the line from Tani Oluwaseyi’s goal-bound header.

But, in a thrilling end-to-end match, Canada got a deserved equaliser in the 78th minute for their first ever World Cup draw.

Canada are one of three host nations for the 2026 World Cup, along with Mexico and the United States, and were looking to record a win, just as Mexico did when they beat South Africa 2-0 in Thursday’s tournament opener.

The Toronto Stadium was packed, with the majority of the home fans wearing red shirts and those away supporters in blue, with both groups contributing to a superb atmosphere.

After Alanis Morissette had sung the Canadian national anthem, the fans were treated to an entertaining, open game.

Canada, managed by former Leeds boss Jesse Marsch, had seen Jonathan David, Oluwaseyi and Stephen Eustaquio all guilty of missing opportunities, with Bosnia looking to hold on to their one-goal advantage.

But Marsch’s attacking substitutions proved successful, with Larin’s goal coming 121 seconds after he was introduced.

Group B always looked like being one of the closest, and Canada will still fancy their chances of advancing with games against Qatar on 18 June and Switzerland on 24 June still to come.

[BBC]

Danni Wyatt-Hodge led a command performance with the bat, and in the field, as England defied the gravity of their home World Cup opening match, to produce a thrilling statement victory over Sri Lanka, in front of a 14,865 crowd at Edgbaston.

Aided and abetted by Amy Jones and Nat Sciver Brunt,  Wyatt-Hodge dominated a toiling Sri Lanka attack with a superb unbeaten 105 from 62 balls – her third in the T20I format and her first since returning from maternity leave only a handful of weeks ago.

In her eighth T20 World Cup, and at the age of 35, this was a performance to banish any doubts about England’s readiness to seize their opportunities in the coming weeks. She followed it up with a stunning running catch to ignite England’s fielding display, which was in turn seized by the left-arm seam of Freya Kemp,  whose innings-breaking haul of 4 for 21 allowed her side to cruise to an untroubled 87-run win.

England’s openers make statement start

Sri Lanka chose to bowl first after winning the toss, though without much cause. “We don’t know these conditions and yesterday it rained,” Chamari Athapaththu said at the toss. Well, today it poured, with runs, as Wyatt-Hodge and her new-old opening partner, Jones, climbed onto the offensive with an uncompromising stand of 135 from 82 balls.

The pair hadn’t opened together in a full international since their unremarkable alliance at this same tournament in Australia in 2020, when the pair’s performances had included a brace of ducks against Thailand. But, with Sciver-Brunt restored to the XI after her calf injury, and Sophia Dunkley paying the price for a fallow run of form, the timing was right for a reunion, and the conditions could hardly have proved more conducive.

Sri Lanka’s nerves weren’t helped by a lengthy delay before the first ball – with something glinting behind the bowler’s arm, perhaps a left-over from the Wicked set that had served as the tournament’s opening ceremony – and Athapaththu duly rang the changes in the powerplay, with four different bowlers used in consecutive overs.

England didn’t come springing out of the traps, but nor did they need to, with the absence of a conventional midwicket kickstarting a diet of regular leg-side runs. But, after Jones had been dropped at backward square off Athapaththu – a one-handed attempt from Kavisha Dilhari, who perhaps had more time than she thought – the guard-rails came off, with Wyatt-Hodge battering three off-side fours off Malki Madara, to carry England to 51 for 0 after six.

Wyatt-Hodge takes command

With her new baby Daisy at the forefront of her thoughts, Wyatt-Hodge exuded experience and contentment in a showstopping performance. She had arguably been a touch short of runs since her return, though her domestic performances for Surrey – two centuries and a 96 in four innings – had left little doubt about her enduring class. There was never any doubt about her place at the top of England’s pecking order, and now we know why.

With Jones ticking over alongside her, Wyatt-Hodge took command of England’s tempo. She cracked eight fours in her 33-ball fifty, the last of which – up and over extra cover – brought out the first sighting of her Bebeto-style rock-a-baby celebration. She followed that up with the first six of the tournament, a muscular slap over long-on off Athapaththu, as England kept pounding along at a ten-an-over tempo that offered Sri Lanka no chance to collect their thoughts.

The only real jeopardy in her chanceless innings was the prospect of landing her third T20I century. She was on 96 as Madara began the final over, but immediately lost the strike to a miscued swipe across a slower ball. It could have been costly with Sciver-Brunt oozing familiar class in her unbeaten 46 from 22 balls, and proving merciless in her own boundary-hunting.

But a sharp piece of fielding on the bounce at backward square denied Sciver-Brunt a third boundary in a row, and Wyatt-Hodge was left with two balls to seal the deal. She needed just one – a pre-meditated shuffle to the off-side, and a firmly placed sweep through backward square. Edgbaston roared, as the Bebeto came out again, and one final launch up and over long-off completed an exceptional evening out for England’s longest-serving campaigner.

England’s support act show their class

Jones is an enthusiastic England opener, having thrived in the ODI role of late, including with back-to-back centuries against West Indies last summer. And though she was outshone by her partner in the final analysis, her return to the top was ample justification for England’s rejig. With a fifty from 34 balls, she scarcely paled in terms of tempo, even if she had a touch more fortune along the way, including a bad drop on 48, as Sugandika Kumari fumbled a return chance at the third attempt. It was left to the skipper to show how it should be done, with a comfortable low take at cover to give Madara her first World Cup wicket.

If that felt like respite for Sri Lanka, it was nothing of the sort. Sciver-Brunt’s calf tear has been a lurking concern for England all summer long, and the fact that she is playing solely as a batter is proof that she’s not entirely out of the woods. And yet this was a return to allay any immediate fears.

Notwithstanding a tough chance in the deep on 14, Sciver-Brunt’s timing was exquisite from the outset, and her range of shots remains a cut above. Her six fours included a dinky ramp over the keeper off Mithali Ayodhya, whom she immediately drilled down the ground one ball later, as well as arguably the shot of the night in the final over – a contemptuously powerful drive through the covers to bring up England’s 200. Barring an untimely ‘pop’ of that pesky calf, England’s skipper is in the form, and the mood, to make hay at this tournament.

England close it out with attitude

Even allowing for an Athapaththu masterpiece, a target of 220 was never realistic for Sri Lanka. The main contest in the second half was England against themselves – and they won hands-down with a hugely encouraging display of confidence and skill. All six of England’s bowlers were given a sighter inside the first nine overs, just to get them involved in the World Cup vibe, and by the time the last of those, Kemp, had ripped through the lower order, including taking three in four balls, they had utterly nailed their brief.

The honour of England’s first wicket of the World Cup went to Lauren Bell, with a pinpoint lbw that Vishmi Gunaratne reviewed to no avail whatsoever. But the moment of ignition went to the player of the moment, Wyatt-Hodge, with a sprinting, swirling, sprawling catch at deep square leg to prise out Sri Lanka’s queen-pin, Athapaththu. It was a catch she had no right to take, but she styled it out all the same, not unlike Ben Stokes’ epic at The Oval in the men’s opening match of the 2019 World Cup.

Wyatt-Hodge did take the gloss off her own display with two subsequent drops, though neither was anything close to a sitter, but her standards were upheld by the rest of England’s fielders. Kemp clung onto a sharp take at short backward square to see off Imesha Dulani and give Linsey Smith her first wicket; Smith then returned the favour at deep square leg, to ignite Kemp’s remarkable late surge.

After a history of back stress-fractures, Kemp’s return to bowling has been gradual and micro-managed, with this tournament the absolute end-game. Her first ball of the evening was inauspicious, but ultimately misleading, as Harshitha Samarawickrama cuffed her dismissively over deep midwicket for six. Before the over was done, she’d got her vengeance with an offcutter – the first of six chances in the space of ten balls.

It was left to England’s other old stager, Sophie Ecclestone, to mop up the resistance with two wickets in the match’s final over, to put the seal on the most morale-boosting night out imaginable for the tournament hosts.

SCORES:
England 219 for 1 in 20 overs (Amy Jones 53, Danni Wyatt-Hodge 105*,  Nat Sciver-Brunt 46*; Malki Madara 1-51) beat Sri Lanka 132 in 20 overs  (Harshitha Samarawickrama 29, Hansima Karunarathne 11, Kavisha Dilhari 19, Nilakshi Silva 39; Lauren Bell 1-15, Linsey Smith 1-24, Charlie Dean 2-18, Sophie Ecclestone 2-27, Freya Kemp 4-21)by 87 runs

[Cricinfo]