Friday, June 20

Headlines



Sergio Flores/AFP via Getty Images


SpaceX Starship exploded during a routine test. The rocket “experienced a major anomaly,” according to the company, leading to a catastrophic failure on the launchpad late Wednesday night in Starbase, TX. Though the Starship was completely destroyed, there were no reports of injuries. The explosion occurred during preparations for the rocket’s upcoming 10th launch and continues a string of pratfalls for Elon Musk’s space company. The seventh and eighth launches ended with fireballs, while the ninth test flight, in May, had a propellant leak that caused a chaotic splashdown in the Gulf of Mexico. The Starship is fundamental to SpaceX’s mission to eventually land humans on Mars. Watch the rocket explode here.

The latest on Israel-Iran. The conflict further intensified on its seventh day, with Israel hitting a nuclear facility in Iran, and Iran striking a major hospital in the south of Israel. Israel’s defense minister threatened Iran’s supreme leader Ayatollah Ali Khamenei, saying he “can no longer be allowed to exist.” Iran reportedly imposed a nationwide internet blackout to prevent Israeli cyberattacks, while several US-based airlines, including United and American, suspended flights to some parts of the Middle East as the conflict escalated. According to reports, President Trump has approved plans for an imminent US strike on Iran but has not yet given the final order.

X could soon offer stock trading on its app. “You’ll be able to come to X and transact your whole financial life on the platform,” CEO Linda Yaccarino told the Financial Times, promising that users will have the ability to make investments and trades on the social media site. Owner Elon Musk has long dreamed of turning X into an “everything app” where users can do a lot more than just make fun of Jim Cramer’s financial advice. X already announced last year that it would soon partner with Visa to launch a digital wallet. As the FT noted, though, a deeper push into financial services would likely invite regulatory scrutiny for a company that’s already on thin ice with many advertisers.—AE




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