Lockheed Martin Corp. has been awarded a contract worth as much as $35 billion from the US Defense Department to quadruple production of missile-defense interceptors as part of a broader effort by the Trump administration to bolster munitions output.
Lockheed Martin Corp. has been awarded a contract worth as much as $35 billion from the US Defense Department to quadruple production of missile-defense interceptors as part of a broader effort by the Trump administration to bolster munitions output.
A Terminal High Altitude Area Defense (THAAD) missile, a PAC-3 air-defence missile and a PrSM precision strike missile at the Lockheed Martin Corp. stand at the Defence and Security Equipment International (DSEI) 2025 exhibition in London, UK, on Wednesday, Sept. 10, 2025. The annual conference historically has been overshadowed by alternating air shows in Paris and Farnborough, England, but the London event has gotten extra attention this year in the wake of European pledges to increase defense spending.
The White House is set to host a meeting of defense contractors this week to push for more robust munitions production, with stockpiles under strain after nearly four months of war with Iran.
The White House is set to host a meeting of defense contractors this week to push for more robust munitions production, with stockpiles under strain after nearly four months of war with Iran.
The White House in Washington. Photographer: Francis Chung/Politico/Bloomberg
BlackRock Inc. is seeking to buy shares in SpaceX’s initial public offering and is targeting an amount of about $5 billion, according to people familiar with the matter, as investors jockey for allocations in what’s expected to be the biggest listing ever.
BlackRock Inc. is seeking to buy shares in SpaceX’s initial public offering and is targeting an amount of about $5 billion, according to people familiar with the matter, as investors jockey for allocations in what’s expected to be the biggest listing ever.
BlackRock headquarters at 50 Hudson Yards in New York, US, on Monday, May 1, 2023. BlackRock Inc.'s assets swelled to $9.09 trillion in the first quarter as depositors sought cover following the collapse of several US banks by pouring money into the firms cash-management funds.
The owners of Xnrgy Climate Systems, a closely held provider of cooling technology and thermal management solutions for AI data centers, are considering a sale that could value the company at as much as $10 billion, according to people familiar with the matter.
The owners of Xnrgy Climate Systems, a closely held provider of cooling technology and thermal management solutions for AI data centers, are considering a sale that could value the company at as much as $10 billion, according to people familiar with the matter.
SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and artificial intelligence company nears its debut.
SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and artificial intelligence company nears its debut.
A SpaceX Falcon Heavy rocket lifts off at Kennedy Space Center in Florida.
SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and artificial intelligence company nears its debut.
SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and artificial intelligence company nears its debut.
A SpaceX Falcon Heavy rocket lifts off at Kennedy Space Center in Florida.
Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 4% economic stake in SpaceX through various funds, the second-largest position disclosed after Musk himself that will earn the investor and his firm a giant windfall.
Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 4% economic stake in SpaceX through various funds, the second-largest position disclosed after Musk himself that will earn the investor and his firm a giant windfall.
Antonio Gracias, founder and chief executive officer of Valor Equity Partner
Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 4% economic stake in SpaceX through various funds, the second-largest position disclosed after Musk himself that will earn the investor and his firm a giant windfall.
Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 4% economic stake in SpaceX through various funds, the second-largest position disclosed after Musk himself that will earn the investor and his firm a giant windfall.
Antonio Gracias, founder and chief executive officer of Valor Equity Partner
Honeywell International Inc. is in advanced discussions to sell its warehouse and workflow solutions business to American Industrial Partners, according to people familiar with the matter.
Honeywell International Inc. is in advanced discussions to sell its warehouse and workflow solutions business to American Industrial Partners, according to people familiar with the matter.
Honeywell International Inc. agreed to divest its productivity solutions and services business to industrial manufacturer Brady Corp., the latest move by Honeywell to reshape its portfolio as it pursues a multipart breakup.
Honeywell International Inc. agreed to divest its productivity solutions and services business to industrial manufacturer Brady Corp., the latest move by Honeywell to reshape its portfolio as it pursues a multipart breakup.
SpaceX is gearing up to take potential anchor investors in its IPO on a tour of its marquee sites across America, people familiar with the plans said, as billionaire Elon Musk’s company targets the biggest ever market debut.
SpaceX is gearing up to take potential anchor investors in its IPO on a tour of its marquee sites across America, people familiar with the plans said, as billionaire Elon Musk’s company targets the biggest ever market debut.
SpaceX's production facility and office building in Starbase, Texas.
Johnson Controls International Plc is weighing options including a potential sale of two businesses in its security division that together could be worth up to $4.5 billion, according to people familiar with the situation.
Johnson Controls International Plc is weighing options including a potential sale of two businesses in its security division that together could be worth up to $4.5 billion, according to people familiar with the situation.
The Johnson Controls booth during the CIIE in Shanghai.
SpaceX is gearing up to take potential anchor investors in its IPO on a tour of its marquee sites across America, people familiar with the plans said, as billionaire Elon Musk’s company targets the biggest ever market debut.
SpaceX is gearing up to take potential anchor investors in its IPO on a tour of its marquee sites across America, people familiar with the plans said, as billionaire Elon Musk’s company targets the biggest ever market debut.
SpaceX's production facility and office building in Starbase, Texas.
SpaceX boosted its target IPO valuation above $2 trillion, according to people familiar with the matter, as the world’s most valuable startup gears up to pitch potentially the biggest-ever market debut.
SpaceX boosted its target IPO valuation above $2 trillion, according to people familiar with the matter, as the world’s most valuable startup gears up to pitch potentially the biggest-ever market debut.
SpaceX flags fly as people wait on South Padre Island to watch a SpaceX Starship rocket launch from Starbase, Texas. Photographer: Sergio Flores/AFP/Getty Images
SpaceX is telling prospective IPO investors to expect briefings in April from company executives, according to people familiar with the matter, as advisers scramble to file for potentially the biggest listing of all time.
SpaceX is telling prospective IPO investors to expect briefings in April from company executives, according to people familiar with the matter, as advisers scramble to file for potentially the biggest listing of all time.
The SpaceX Starship sits on the launch pad ahead of its sixth flight test from Starbase in Boca Chica, Texas on Nov. 17, 2024.
SpaceX is telling prospective IPO investors to expect briefings in April from company executives, according to people familiar with the matter, as advisers scramble to file for potentially the biggest listing of all time.
SpaceX is telling prospective IPO investors to expect briefings in April from company executives, according to people familiar with the matter, as advisers scramble to file for potentially the biggest listing of all time.
The SpaceX Starship sits on the launch pad ahead of its sixth flight test from Starbase in Boca Chica, Texas on Nov. 17, 2024.
SpaceX is considering a fundraising target in its IPO that would dwarf the previous largest ever debut, according to people familiar with the matter, as billionaire Elon Musk’s rocket and satellite maker moves forward with listing plans.
SpaceX is considering a fundraising target in its IPO that would dwarf the previous largest ever debut, according to people familiar with the matter, as billionaire Elon Musk’s rocket and satellite maker moves forward with listing plans.
CAPE CANAVERAL, FL - FEBRUARY 13: (EDITOR'S NOTE: This handout image was provided by a third-party organization and may not adhere to Getty Images' editorial policy) A SpaceX Falcon 9 rocket carrying the company's Dragon spacecraft is launched on NASA's SpaceX Crew-12 mission to the International Space Station with NASA astronauts Jessica Meir, Jack Hathaway, ESA (European Space Agency) astronaut Sophie Adenot, and Roscosmos cosmonaut Andrey Fedyaev onboard, on February 13, 2026 from Cape Canaveral Space Force Station in Florida. NASA's SpaceX Crew-12 mission is the twelfth crew rotation mission of the SpaceX Dragon spacecraft and Falcon 9 rocket to the International Space Station as part of the agency's Commercial Crew Program. Meir, Hathaway, Adenot, and Fedyaev launched at 5:15 a.m. EST from Space Launch Complex 40 at the Cape Canaveral Space Force Station to begin a mission aboard the orbital outpost. (Photo by Aubrey Gemignani/NASA via Getty Images)
S&P Dow Jones Indices LLC is considering changes to rules governing how companies join the S&P 500 Index, a move that would potentially fast-track SpaceX’s entry after its IPO, people familiar with the matter said.
S&P Dow Jones Indices LLC is considering changes to rules governing how companies join the S&P 500 Index, a move that would potentially fast-track SpaceX’s entry after its IPO, people familiar with the matter said.
A trader works on the floor of the New York Stock Exchange.
The story of London’s capital markets in recent years has been dominated by overseas firms taking advantage of low UK valuations to snap up businesses. Simon Peckham is pushing in the other direction.
The story of London’s capital markets in recent years has been dominated by overseas firms taking advantage of low UK valuations to snap up businesses. Simon Peckham is pushing in the other direction.
SpaceX has added Citigroup Inc. to the banks leading its initial public offering, according to people familiar with the matter, as billionaire Elon Musk’s rocket and satellite company moves closer to a blockbuster debut.
SpaceX has added Citigroup Inc. to the banks leading its initial public offering, according to people familiar with the matter, as billionaire Elon Musk’s rocket and satellite company moves closer to a blockbuster debut.
A Citibank branch in New York, US, on Saturday, Oct. 11, 2025. Citigroup Inc. is scheduled to release earnings figures on October 14. Photographer: Michael Nagle/Bloomberg