Economy

Security in Europe
NATO chief reportedly demands more defense spending

NATO chief Mark Rutte will demand that Europe invest more in its weapons production during a meeting in Brussels next week, sources tell the Financial Times. The aim is to make Europeans less dependent on American weapons and for all NATO countries to reach the target of five percent of GDP in defense spending.

Next week, Rutte will meet representatives of leading European defense groups, including Sweden's Saab and Germany's Rheinmetall. The hope is to get new industrial commitments nailed down at the annual NATO summit in Ankara in July.

The New Space Race
Musk's promise after rumors of listing: Will not sell shares

Elon Musk will not sell any shares in the space and AI company Space X, he writes on X. This as a reply to another user.

The Tesla founder owns about 42 percent of the shares and nearly 79 percent of the votes in Space X. According to the Wall Street Journal's sources, the space company is aiming to go public on June 12. If so, it would be the largest IPO in history.

Sources: Space X plans to go public on June 12

Elon Musk's space company Space X is aiming to go public on June 12, sources familiar with the matter told the Wall Street Journal. Space X hopes to sell shares for up to $80 billion. If so, it would be the largest IPO in history.

If the schedule is to be met, the company will probably need to publish the listing documents sometime next week.

According to the information, the company will be listed on Nasdaq.