Finance

SpaceX shares jumped 19% in their Nasdaq debut on Friday, sending the company’s value past $2 trillion to make it the sixth-biggest U.S. company by value and turning Elon Musk into the world’s first trillionaire.

Elon Musk’s SpaceX has raised 75 billion US dollars (£56 billion) ahead of its record-breaking 1.8 trillion US dollar (£1.3 trillion) US stock market debut on Friday as it looks set to become the biggest flotation of all time.

Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion through SpaceX-linked perpetual futures in the last three days as investors try to front-run one of the largest public offerings in Wall Street history.

The UK’s crypto sector is launching an effort to convince British banks to lift bans on transfers to crypto exchanges. Crypto exchanges are heading for a “firm and proportionate” regulatory framework with rules that come into force next year – banks are not fans of their decentralised rivals.

OpenAI has filed for a blockbuster initial public offering (IPO) that could value the ChatGPT maker at more than $1 trillion as it races its rivals to market.

The world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an "unfathomable" increase in investment locking in years more of coal, oil, and gas production as the world continues to overheat, a new report has found.

New research suggests that at least 1.5 million people were taken to court over unpaid council tax debt last year.

Anyone selling to customers in Europe is being warned to check delivery costs and customs paperwork before a new parcel charge comes into force this summer.

The SpaceX listing will make millions for Goldman Sachs, but the image-conscious firm kept its celebrations quiet.

The company’s general counsel resigned following revelations about a relationship with a disgraced financier, but will now remain with the business in an advisory role.

Medical bills for British tourists cost the government more than £181 million in 2025, Metro can exclusively reveal.

BP’s sudden decision last week to oust chair Albert Manifold eight months into the job stunned the City. For some who worked under him at his previous employer CRH, however, the mystery was why the oil major hired him in the first place.

Brits must eat 25 percent less meat and cut dairy consumption by a fifth to meet climate change goals, an environmental body has advised.

Wise, the UK-based international money transfer service and a favorite of the London fintech scene, has confirmed it is responding to inquiries from Belgian prosecutors investigating money laundering, resulting in a drop in its share price.

Rural landlords are to be impacted by a “nice pub tax” under new government guidelines.

Mr. Manifold said he "entirely" disputes the characterization of his conduct outlined by his former employer.

A UK wine company has gone into liquidation after a tax tribunal was held because the business was selling bottles ‘off the books’.

There are 80 roles within the Greater London Authority (GLA) still at risk, senior officials have confirmed as City Hall was condemned for the “alarming” scale of job cuts.

The green light has finally been given to flatten the old Weetwood Police Station on Otley Road in north Leeds and replace it with a block of 127 flats, after the developer quietly tied up the loose ends on a legal agreement with the council.

The levels of UK unemployment rose to 5% in three months to February, the latest figures from the Office for National Statistics (ONS) reveal.

Rachel Reeves will unveil a cost-of-living package next week – after indicating she might abandon a fuel duty increase later this year.

Benefit claimants were overpaid almost £10bn last year amid a rise in fraud by welfare cheats.