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BUSINESS DAILY
BUSINESS DAILY © FRANCE 24

From the show

Business

Reading time 1 min

Elon Musk’s profitable rocket and satellite internet company SpaceX is reportedly preparing to raise $75 billion on public equity markets as its subsidiary xAI burns cash. But first: a pair of US court verdicts against social media giants could signal the sector’s Big Tobacco moment, and France’s finance minister convenes G7 officials to address the economic fallout from the Iran war. 

Please rewrite the following news article into a professional, SEO-friendly English report in 400 to 600 words.
Article:

One of your browser extensions seems to be blocking the video player from loading. To watch this content, you may need to disable it on this site.

BUSINESS DAILY
BUSINESS DAILY © FRANCE 24

From the show

Business


Reading time
1 min

Elon Musk’s profitable rocket and satellite internet company SpaceX is reportedly preparing to raise $75 billion on public equity markets as its subsidiary xAI burns cash. But first: a pair of US court verdicts against social media giants could signal the sector’s Big Tobacco moment, and France’s finance minister convenes G7 officials to address the economic fallout from the Iran war. 

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