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Finance

SpaceX IPO draws U.S. retail investors despite overvaluation concerns

SpaceX is moving ahead with an IPO valuing the company at $1.77 trillion, pricing shares at $135, drawing strong interest from U.S. retail investors despite overvaluation concerns. Retail allocation is in the low 20 percent range, above the usual 5 to 10 percent. Fidelity set a $2,000 minimum account balance. Some investors are betting on a first-day surge, while others remain cautious about demand signals and selling restrictions.

Telecommunications & Media

Apple may launch book-style foldable iPhone this fall as \'iPhone Ultra\' - report

Apple may unveil its first foldable iPhone this fall under the name \"iPhone Ultra\", according to a report. The device is expected to differ from existing iPhones in design, display, cameras, software, chip and biometric authentication. It may use a book-style fold with a wider inner screen, include 5.3 to 5.5-inch outer and 7.6 to 7.8-inch inner displays, and run iOS 27 features for multitasking. Pricing estimates vary, with about $1,999 cited for a 256GB model.

AI & Enterprise

AI use grows in scouting football prospects but data can miss talent

Artificial intelligence is increasingly used to scout football prospects, but it may repeat existing bias and inequality rather than identify future star players accurately, a researcher said. AI typically searches past data for patterns of successful players, which can mirror long-standing preferences in scouting. Differences in physical and social development can make long-term potential hard to predict from early data. Monitoring can also increase psychological pressure on young players and staff.