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SpaceX Files For Nasdaq IPO Under Symbol SPCX

Update (1650ET): As expected, SpaceX filed its S1.

The stock is expected to list on Nasdaq and Nasdaq Texas under the ticker “SPCX.”

No specific share count, price range, or total offering size is finalized yet (placeholders are used).

But, with expectations of a $1.5 trillion market cap, that means SPCX will trade at a 77x LTM Revenue multiple!

Mission and Overview

• SpaceX's mission is to make life multiplanetary, advance scientific understanding of the universe, and extend consciousness to the stars. It positions itself as a vertically integrated builder across Space, Connectivity (Starlink), and AI (via xAI acquisition).

• The company has revolutionized space access with reusable rockets (Falcon family, Starship development), built the world's largest LEO satellite constellation for broadband, and is scaling AI compute and frontier models (Grok) with real-time data from X.

Key Corporate Details

• Dual-class structure: Class A (1 vote/share) and Class B (10 votes/share). Elon Musk (founder, CEO, CTO, Chairman) will retain dominant voting control post-IPO (majority of the board via Class B and overall voting power), making SpaceX a “controlled company” under Nasdaq rules.

• Basis of presentation: Financials include retrospective recasts for the xAI acquisition (Feb 2026) and X Holdings (via xAI, 2025), plus a 5-for-1 stock split (May 2026).

• Underwriters: Led by Goldman Sachs, Morgan Stanley, BofA, Citigroup, J.P. Morgan, and others.

Consolidated Financial Highlights (preliminary/selected):

• Q1 2026: Revenue $4.69B, operating loss $1.94B, Adjusted EBITDA $1.13B.

• FY 2025: Revenue $18.67B, operating loss $2.59B, Adjusted EBITDA $6.58B.

• Heavy capex (especially AI) and Starship R&D; Starlink (Connectivity) is the current profit engine.

Business Segments (as of/through Q1 2026 and FY 2025)

Space (launches, Dragon, Starship development):

• Dominant global launch provider (>80% of mass-to-orbit in recent years, >99% Falcon success rate).

• Key vehicles: Falcon 9 (reusable, ~23t to LEO), Falcon Heavy (~64t), Dragon (cargo/crew to ISS), Starship (in testing, targeting full reusability and massive scale).

• Revenue: $619M (Q1 2026), $4.1B (2025). Still investing heavily in R&D/Starship.

Connectivity (Starlink):

• ~9,600 broadband/mobile satellites in LEO (~10.3M subscribers across 164 countries/territories as of Mar 31, 2026).

• High-speed, low-latency broadband (median ~225 Mbps peak for residential); expanding enterprise, government, maritime/aviation, and satellite-to-mobile (direct-to-phone, ~650 dedicated satellites, ~7.4M devices in ~30 countries).

• Strong growth: Revenue $3.26B (Q1 2026), $11.4B (2025, +~50% YoY); highly profitable at segment level.

AI (xAI/Grok/X integration):

• Gigawatt-scale terrestrial AI training clusters (e.g., COLOSSUS); plans for orbital AI compute satellites (using solar power, starting ~2028).

• Grok frontier models (truth-seeking, strong scientific reasoning benchmarks); integrated with X (~1.3B supported accounts, 550M MAUs, hundreds of millions of daily posts).

• Revenue $818M (Q1 2026), $3.2B (2025), but heavy losses due to compute/infrastructure investments.

Here's the financials visualized (xAI is represented by the green slabs)...

Free cash flow struggling under the weight of that giant green slabs...

So, xAI is the giant money suck while Starlink keeps the engine running (but despite breaking out in 2025, Starlink user growth seems to be slowing a little):

Finally, one thing that stood out was that Anthropic is paying xAI $1.25BN per month (through May 2029) to utilize 'Colossus' for AI compute.

Musk took to X to explain further his vision for this segment:

As the recently expanded partnership with Anthropic demonstrates, SpaceX is offering AI compute as a service at significant scale.

We are in discussions with other companies to do the same. 

Over time, especially with orbital data centers, we expect to serve AI at extremely high scale.

If you build it (in space), they will come?

Read the full 270-page S1 here...

*  *  *

Ahead of Thursday's scheduled launch of SpaceX's Starship V3 rocket, there are indications that Elon Musk's rocket and AI company could release its IPO filing as soon as this afternoon, giving investors, analysts, and competitors a rare look inside the finances and ownership structure of Musk's space empire.

Starship and Super Heavy V3 moved to the pad at Starbase for final testing and preparations for launch pic.twitter.com/vU21Owvoif

— SpaceX (@SpaceX) May 19, 2026

On Tuesday, The Wall Street Journal reported that Goldman Sachs secured the lead-left role on SpaceX's upcoming IPO, positioning it as the top banker on what could become one of the largest public offerings in history.

SpaceX is expected to seek a valuation of up to $2 trillion, raising an estimated $75 billion to help fuel its AI and Starship rocket-launch ambitions after merging with xAI and pursuing plans for orbital data centers.

The company confidentially filed IPO documents with the SEC in early April, and its public S-1 filing is expected at any moment today.

Last Friday, Reuters reported that the IPO is set for pricing on June 11, followed by a June 12 debut.

The ticker "SPCX" leads the Polymarket bet, "What will SpaceX's public ticker be?" at 91% by lunchtime in New York.

//--> //--> Will SpaceX's public ticker be another ticker?
Yes 91% · No 9%
View full market & trade on Polymarket

Elon Musk virtually attended a summit in Tel Aviv on Monday, where he said, "We've got to get the SpaceX IPO stuff going here pretty soon." Those comments put a bid into AST SpaceMobile, EchoStar, and Rocket Lab.

Bloomberg's Eric Johnson outlined what exactly to look for when the S1 drops:

• The company, known formally as Space Exploration Technologies Corp., is expected to pick Nasdaq as its listing venue, which would set it up for potential inclusion in the Nasdaq 100.

• The IPO filing could include key financial details like revenue and net income across its launch, Starlink and artificial intelligence businesses, as well as capital spending on key programs like its colossal Starship rocket.

• key programs like its colossal Starship rocket * SpaceX's filing is set to reveal the hierarchy of the banks running the deal. Goldman Sachs Group Inc. and Morgan Stanley are the lead firms, with Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. also working on the transaction, people familiar with the matter have said.

• SpaceX will list its largest shareholders, including Musk himself and Alphabet Inc.'s Google; its investors also include Valor Equity Partners, Sequoia and Andreessen Horowitz.

• We should find out how voting control of the company will be set up. SpaceX is considering a dual-class share structure, people with knowledge of the plans have said, which could allow Musk to maintain control of the company even with a minority stake.

• The filing likely won't include information on the price range per share, number of shares offered, shares outstanding or precise shareholdings. Those usually come at the start of formal marketing, which could be as early as June 4, ahead of pricing as soon as June 11, Bloomberg News reported.

The Information's Cory Weinberg published five charts making sense of the IPO numbers: 

1. SpaceX is expected to file its S-1 publicly as soon as tomorrow.

We've reviewed parts of the draft prospectus and tried to make sense of the numbers. Here are 5 charts that explain the company before the largest IPO in history goes live.

2. The company has accumulated $37 billion in losses over its 24-year history — larger than what the next 10 major loss-making tech IPOs *combined* had to disclose at their offerings.

3. SpaceX will tell investors it has $6.6 billion in 'adjusted' profit last year. Under standard accounting, it lost $4.9 billion. 

That gap between headline profit and actual profit is larger than at CoreWeave, Viasat, or Tesla.

4. Starlink dominates. The satellite internet business generated $11.4 billion in revenue last year — more than 7 leading publicly traded satellite communications operators combined.

5. The Space segment — SpaceX's launch business — grew only 8% last year. That's because about three-quarters of Falcon 9 launches were for internal Starlink missions rather than outside customers.

6. The AI segment (X plus xAI) grew 23% last year, compared to over 1,000% for Anthropic and nearly 300% for OpenAI. xAI was slowest-growing of the major AI labs.

View Weinberg's report here. 

With SpaceX set to be the first out of the gates among the three giant tech IPOs, we can't help but wonder how well the record high market will absorb such supply (and what will be sold to make room for it)...

Shares of Goldman Sachs and Morgan Stanley were up around 4% during the lunch hour. These banks are expected to be the lead managers on the IPO.

Tyler Durden Thu, 05/21/2026 - 05:54

More than 60% of all grades awarded to undergraduates in recent years were in the A range.

The Growing Burden Of Old-Age Dependency

Many countries around the world are facing a rapidly rising old-age dependency ratio, according to projections published in the UN’s World Population Prospects 2024.

As Statista's Anna Fleck details below, this indicator measures the number of people aged 65 and older relative to the working-age population (between 15 and 64 years old).

South Korea is expected to experience a particularly steep increase, with the number of people aged 65 and over per 100 working-age adults projected to jump from 31.2 in 2026 to 75.6 by 2050.

You will find more infographics at Statista

Italy is also forecast to see a dramatic rise, climbing from 40.7 to 70.4. These figures underscore the accelerating pace of global population ageing, which will result in a growing economic burden on shrinking workforces.

Established industrial economies such as the United States are projected to age more gradually, with the old-age dependency ratio rising from 29.3 to 37.9 over the same period.

By comparison, China is expected to undergo a particularly rapid demographic shift, with its ratio more than doubling from 21.6 to 52.3.

India and several younger emerging economies are forecast to remain comparatively youthful despite moderate increases.

These UN projections are based on certain trends in birth rates, life expectancy and migration.

If these trends continue, ageing populations are likely to put increasing pressure on labor markets, pension systems and public finances, requiring governments to adapt their policies to older populations.

It's important to note that this data does not account for the fact that many people over the age of 65 are still working, and younger people will not all be working.

Tyler Durden Thu, 05/21/2026 - 05:45

The chip giant reported more stellar results but its shares fell after-hours as investors wonder if it can keep up its pace of growth amid greater competition.

Tense Trump-Netanyahu Call As US Presses Iran To 'Sign The Document' - But Israel Wants Military Greenlight Summary

• Axios: "Trump continues to say he thinks a deal can be reached, but that he's ready to resume the war if it isn't."

• US Marines board Iranian-flagged tanker in the Gulf of Oman, as it was accused of attempting to violate the US naval blockade.

• Iran's parliament speaker and chief negotiator Mohammad Bagher Ghalibaf says that Tehran sees signs that the United States is seeking to restart the war

• Oil tumbles after Pakistan again touts final deal draft text imminent, followed by Trump claiming US in 'final stages' of peace talks with Iran, though Tehran hasn't budged on nuclear issue.

• Iran's IRGC Navy says 26 vessels, including oil tankers, container ships and other commercial vessels, transited in the prior 24 hours "in coordination" with Iranian authorities.

//--> //--> //--> Strait of Hormuz traffic returns to normal by end of June?
Yes 35% · No 66%
View full market & trade on Polymarket

*  *  *

Iran Issues its Strait Passage Protocol

The following was issued from the Official Account of the Persian Gulf Strait Authority: 

The Islamic Republic of Iran has defined the boundaries of the Strait of Hormuz management supervision area as follows: "The line connecting Kuh Mobarak in Iran and the south of Fujairah in the UAE in the east of the strait to the line connecting the end of Qeshm Island in Iran and Umm al-Qaiwain in the UAE in the west of the strait."

The statement adds: "Frequencies in this range for passing through the Strait of Hormuz require coordination with the Persian Gulf Waterway Management and a permit from this entity."

Trump: 'Sign the Document' for Face War's Resumption

Trump and Netanyahu had a reported tense phone call related to ongoing Iran talks, and a proposed peace deal on the table. Netanyahu is said to be seeking a greenlight for renewed military action against Tehran, at a moment the Iranians have not compromised on the nuclear issue.

Per fresh reporting in Axios: "Trump continues to say he thinks a deal can be reached, but that he's ready to resume the war if it isn't":

• "The only question is do we go and finish it up or are they gonna be signing a document. Let's see what happens," he said on Wednesday at the Coast Guard Academy.
• Trump also said Netanyahu "will do whatever I want him to do" on Iran, though he also said they had a good relationship. The two leaders have had temporary disagreements on Iran before but have remained closely coordinated throughout the war.
• Iran has confirmed it's reviewing an updated proposal, but has not yet shown any signs of flexibility.

The same report says of Israel's position that "Netanyahu is highly skeptical about the negotiations and wants to resume the war to further degrade Iran's military capabilities and weaken the regime by destroying its critical infrastructure."

US Marines Board Iran-Flagged Tanker

The Pentagon has announced that US Marines have boarded another Iranian-flagged tanker, this time in the Gulf of Oman. It had been accused of attempting to violate the US naval blockade, after which it was boarded.

But, as CENTCOM says, "American forces released the vessel after searching and directing the ship’s crew to alter course." This as Iran's IRGC Navy says 26 vessels, including oil tankers, container ships and other commercial vessels, transited in the prior 24 hours "in coordination" with Iranian authorities (per state news).

Earlier today in the Gulf of Oman, U.S. Marines from the 31st Marine Expeditionary Unit boarded M/T Celestial Sea, an Iranian-flagged commercial oil tanker suspected of attempting to violate the U.S. blockade by transiting toward an Iranian port. American forces released the… pic.twitter.com/1AVT0MudKY

— U.S. Central Command (@CENTCOM) May 20, 2026 Iran Confirms Ongoing Exchange of Messages with US

Some latest from Iran's Foreign Ministry Spokesperson: "Exchange of messages between Iranian and American sides continues based on the text of Iran's 14-point resolution." And more:

• Iran's focus is on ending the war and fulfilling Iran's clear demands
• The presence of the Pakistani Interior Minister is to facilitate the exchange of messages.
• Baqaei: We are exchanging messages with suspicion and good intentions
• Talking about ultimatums and deadlines regarding Iran is ridiculous.
• Iran also says US has to prove its goodwill and stop "piracy" against Iranian ships

Ghalibaf: US Seeking To 'Start A New War'

Iran's parliament speaker and chief negotiator Mohammad Bagher Ghalibaf says that Tehran sees signs that the United States is seeking to restart the war and still hopes the Islamic Republic will surrender:

"The enemy’s movements, both overt and clandestine, show that despite economic and political pressure, it has not abandoned its military objectives and is seeking to start a new war," Ghalibaf said in an audio message carried by Iranian media.

"Close monitoring of the situation in the United States reinforces the possibility that they still hope for the surrender of the Iranian nation," he adds.

Trump has given Iran 'days' - or also till the start of next week to come back to the table; however, on Wednesday he's actually touting a 'final' deal draft is near, despite Iran still not budging on the nuclear issue.

Oil Plunges Further on Trump Comment

Again, possibly just more jawboning, but oil's Wednesday morning plunge deepened upon Trump touting 'final stages' of talks with Iran... all of this as usually looking very premature...

• TRUMP SAYS US IN 'FINAL STAGES' OF TALKS WITH IRAN: POOL REPORT
• TRUMP SAYS 'WE'LL SEE WHAT HAPPENS' W/ IRAN: POOL REPORT
• TRUMP: DO WE FINISH IRAN UP OR WILL THEY SIGN, LET'S SEE
• TRUMP: SEEING IN IRAN THAT US IS RESPECTED

Another Likely Premature 'Final' Peace Draft Headline, Oil Tumbles

Crude prices tumbled on a regional Al Hadath headline suggesting the "achievement of a final draft" of what will be Iran's latest peace proposal, though the recent pattern of this has shown little will likely come of it with Washington, amid ongoing apparent zero sum demands from each warring side. 

• Pakistani Army Chief may visit Iran tomorrow to announce achievement of final draft of agreement text. Next round of negotiations will be held in Islamabad after Hajj season: Al Hadath  
• Event Sources: If the Pakistani Army Chief does not head to Iran, the achievement of the final agreement formula may be announced within hours

More per Newsquawk...

[MARKET UPDATE] Brent falls in excess of USD 3/bbl, WTI slips below USD 100/bbl, Equities bid and USD hit on reports the Pakistani Army Chief may visit Iran tomorrow to announce achievement of final draft of agreement text

Pakistani Army Chief may visit Iran tomorrow to announce achievement of final draft of agreement text; The next round of negotiations will be held in Islamabad after the Hajj season (25th to 30th May), Al Hadath reports

• Sources say if Pakistani Army Chief does not head to Iran, the achievement of the final agreement formula may be announced within hours.
• Work is underway in earnest to put the finishing touches on the text of an agreement between Washington and Tehran.

BUT...

Al Arabiya sources: The US has informed Pakistan that it will not offer concessions to Iran on the nuclear demands and the Strait of Hormuz https://t.co/Av0QIGjyvL

— Faytuks News (@Faytuks) May 20, 2026 IRGC Warns: Next Conflict Round Could Unleash 'War Beyond the Region'

Ali Vaez, director of the Iran Project at the International Crisis Group, has summed up where things stand: "Since the ceasefire came into effect, both Washington and Tehran appear to be operating under the illusion that time is on their side," he said. "Each seems to believe that the blockade and counter-blockade in the Strait of Hormuz impose greater costs on the other, while offering a breathing space to regroup for a possible resumption of hostilities," Vaez told Al Jazeera.

On Wednesday Iran's Revolutionary Guards issued a fresh warning amid this ongoing standoff, warning that the Middle East war will extend beyond the region if the United States and Israel resume their attacks.

via Shutterstock

"If the aggression against Iran is repeated, the promised regional war will this time spread far beyond the region, and our devastating blows will crush you," the IRGC say in the statement published to their website Sepah News.

The warring sides are no closer to getting back to the negotiating table, after President Trump has given just a few 'days' to comply on the nuclear issue, which so far Tehran has not budged on.

But in the meantime Iran still sees American guarantees as "insufficient" regarding a renewed war, Al Arabiya reports Wednesday. The Supreme Leader, who is still in hiding and believed to be recovering from serious injuries that resulted from prior airstrikes, has issued a fresh written message to the public:

Mojtaba Khamenei has commemorated the second anniversary of the death of former President Ebrahim Raisi in a helicopter crash, saying the country is putting up a “unique historical resistance against two global terrorist armies” in Israel and the US, the Fars News Agency reports. 

In another written statement, Khamenei said the war was making the burden on officials “heavier than before”, adding that he was grateful for the “unity of the nation”.

Iran: 26 Vessels Transit Strait in last 24-Hours Under its Protocol

In the Strait of Hormuz, there's been a continued trickle of tankers making it through, reportedly after Beijing asked:

Two Chinese tankers laden with oil exited the Strait of Hormuz on Wednesday, shipping data showed, brightening hopes that the US-Israeli conflict with Iran may soon be ​resolved after positive comments from the US president and his deputy.

President Donald Trump said on Tuesday the war would be over “very quickly” while Vice President JD Vance talked up progress in talks with Tehran about an agreement to end hostilities.

This as Iran's IRGC Navy says 26 vessels, including oil tankers, container ships and other commercial vessels, transited in the prior 24 hours "in coordination" with Iranian authorities (per SNN).

🚨 Two Chinese VLCCs carrying 4 mb of Iraqi oil have crossed the Strait of Hormuz and are now heading straight for the US blockade. If they’re allowed to pass, it means Trump and Xi have quietly agreed to let it happen.

Meanwhile, 4 LNG carriers are on their way to China to… pic.twitter.com/FA2KFEniuZ

— Anas Alhajji (@anasalhajji) May 20, 2026

And reports of a South Korean tanker safely traversing at this point:

A South Korean oil tanker is currently passing through the Strait of Hormuz, the country’s top diplomat said on Wednesday, in a report from AFP.

“At this very moment, our oil tanker is passing through the Strait of Hormuz,” Foreign Minister Cho Hyun told lawmakers at the National Assembly in Seoul.

Ship-tracking site MarineTraffic showed the South Korea-flagged tanker Universal Winner on the eastern side of the Strait of Hormuz near the entrance to the Gulf of Oman, bound for the southeastern South Korean city of Ulsan after departing Kuwait’s Mina Al-Ahmadi port.

'Big Hit' Preparation Underway?

As a reminder of prior Trump threats this week, and the typically vague timetable, the president on Tuesday renewed warnings that he could imminently resume bombing Iran, declaring the country will face a "big hit" if it refuses to accept US demands for a deal within days.

Netanyahu and Trump held what Israel’s N12 News described as a “lengthy and dramatic” phone call overnight, amid growing speculation over a possible new strike on Iran.
Netanyahu will skip both the opening of the Knesset session and a key vote on dissolving parliament today

— Faytuks Network (@FaytuksNetwork) May 20, 2026

"Well, I mean, I’m saying two or three days, maybe Friday, Saturday, Sunday, something, maybe early next week, a limited period of time, because we can’t let them have a new nuclear weapon," Trump told reporters. Trump had the day prior said he was "holding off" on striking Iran on after requests from Gulf Arab states. Then he followed by claiming the attack was moments away from being launched. "We were all set to go… It would have been happening right now."

More Latest

More latest developments via Newsquawk:

• US intelligence assessment recently showed that US forces identified at least 10 mines in the Strait of Hormuz, according to CBS citing US officials.
• US Senate voted 50-47 to advance war powers resolution that would end US strikes on Iran unless approved by Congress.
• Iran's IRGC said that if the attack on Iran occurs again, the war will extend beyond the region, Fars News reported.
• Iranian Deputy to the President Banah said Tehran is open to negotiations within national interests, Al Mayadeen reported.
• Iranian Foreign Minister Araghchi said months after the start of the war on Iran, US Congress acknowledged the loss of dozens of aircraft worth billions, and Iran's powerful Armed Forces are confirmed as the first to strike down a touted F-35, while he added that with lessons learned and the knowledge they gained, a return to war will feature many more surprises.
• Iran-Pakistan cooperation had declined/stopped over the past two weeks, Al Arabiya and Al Hadath reported citing a senior diplomatic source. A diplomatic source says Iran and Pakistan held conflicting positions on negotiation channels and the venue for talks, and says mistrust was affecting coordination between Iran and Pakistan.
• Pakistan's Interior Minister Naqvi is on route to Tehran, according to Journalist Mallick.
• "On the verge of a decision: Trump and Netanyahu held a phone conversation last night that was described as “lengthy and dramatic,” according to journalist Segal.
• Two Chinese supertankers, carrying 4mln barrels of oil, exited the Strait of Hormuz on Wednesday, according to tracking data. It was later reported that India was preparing to send oil tankers through the Strait of Hormuz following prior reports regarding the Chinese tankers.

Tyler Durden Thu, 05/21/2026 - 05:35

An illegal immigrant truck driver was arrested Tuesday after allegedly causing a deadly multi-vehicle crash in California and attempting to flee the scene, federal officials said.

The new round of storefronts spans Arizona, Florida, Illinois, Massachusetts, Michigan, New York, Ohio and Utah.

Dubai's Shipping Hub Status Under Pressure As Some Industry Veterans Eye Greece

Via Middle East Eye

Some shipping industry workers based in Dubai are looking to relocate from the UAE as a result of the US-Israeli war on Iran, one ship-owner and two industry sources familiar with the matter told Middle East Eye.

Western expats working in the maritime industry are eyeing the Greek capital, Athens , and Cyprus as potential alternatives to Dubai, given those countries' dominant positions in shipping and the favorable tax policies they offer the industry, the sources said.

via AFP

The search for alternatives to Dubai underscores how some expats, particularly westerners with easy access to Europe, do not expect the Gulf to return to its pre-war position anytime soon.

Around 2,000 vessels are trapped in the Gulf as a result of competing US and Iranian blockades of the waterway. But the shipping industry is experiencing a boom as a result of the war. The lockdown of vessels has compressed supply, and rates are soaring as energy corridors are rewired. 

US oil and gas exports have hit record highs as a result of the war. But the transit time from the US Gulf coast to Asia is substantially longer than the journey from the Arabian Gulf. 

Breakwave Tanker Shipping ETF, which tracks the price of crude oil tanker rates, is up 240 percent since the war on Iran started. 

The industry's good fortune stands in stark contrast to the UAE's maritime sector, which has been pummeled by the blockade. 

The Gulf state turned itself into the dominant logistics hub for the Middle East, Asia and Africa. The port of Jebel Ali is one of the largest in the world, and is a major hub for transhipment, where goods are transferred from one vessel to another before their final destination.

The UAE's top export, oil, has also been cut by more than half as a result of Iran’s control of the Strait of Hormuz.

"It’s not so much the slowdown in business, but the unreliability of Dubai as a hub. Can you count on a flight back to London or Paris for your family during war?" the ship owner said to Middle East Eye.

'Thousands' of Dubai real estate offices to close

Dubai benefited potentially more than any other city in the world from the post-Covid boom of soaring asset prices, cryptocurrency, and remote work.

Capitalizing on its low corporate tax rate, zero income tax or capital gains tax, and smooth bureaucracy, it became a magnet for London bankers and American "finance bros". Its financial institutions have served as a haven for Sudanese militia leaders dealing in gold to Russian and Ukrainian expats fleeing war in Eastern Europe.

But very few are willing to write Dubai off the map, particularly given the UAE's deep pockets, yet there are some signs that the war has pulled a curtain over its tremendous boom years.

Arabian Business reported on Wednesday that thousands of real estate agencies in Dubai may close in the coming months due to the war. A leading property search platform said that up to 30 percent of the agencies active on its site could shutter within the next five to six months.

As with western expats, where the war is filtering out those most committed to Dubai, the real estate agencies most likely to close are smaller operators or those that focused on speculative ends of the market, such as off-plan sales.

Arabian Business cited Lewis Allsopp, the chairman and co-founder of Allsopp & Allsopp, a real estate consultancy, as saying that Dubai’s ratio of brokers to residents is close to 1,000 per 100,000. For comparison, London has around 176 brokers per 100,000 people.

Tyler Durden Thu, 05/21/2026 - 05:00

City Comptroller Mark Levine sounded the alarm about the impact AI could have on the Big Apple's tax revenue, saying there was a 50-50 shot the emerging tech sparks a recession in the five boroughs.

Anna Peele, author of the new book “Enter the Villa: The Unauthorized Reality Behind ‘Love Island,’” stopped by the Page Six studio to chat with “Virtual Reali-Tea” co-hosts Danny Murphy and Evan Real about her writing process and uncovering more about the juggernaut unscripted TV franchise. Anna shared who is on her Mt. Rushmore of...

Anna Peele, author of the new book “Enter the Villa: The Unauthorized Reality Behind ‘Love Island,’” stopped by the Page Six studio to chat with “Virtual Reali-Tea” co-hosts Danny Murphy and Evan Real about her writing process and uncovering more about the juggernaut unscripted TV franchise. Anna shared who is on her Mt. Rushmore of...

Officials allege that members in the crowd were fighting and jumping on parked cars as the takeover spread to the nearby boardwalk and surrounding streets

Instacart grocery delivery is launching in over 25 US cities.

"Natalie Maines is a despicable nobody who clearly suffers from a severe case of Trump Derangement Syndrome."

UK Leads European Nations In Hiring Over-50s

Over the past two decades, ageing populations, rising retirement ages and higher education levels have contributed to rising employment rates among workers aged 55 and over across OECD countries. Yet many workplaces are still designed around shorter careers, leading many people to leave work earlier than they need or want to. This deepens the demographic pressures facing ageing societies, including labor shortages, as early exits reduce the number of employees and inflate public welfare and healthcare costs.

The OECD argues that employers play a decisive role in enabling longer working lives through hiring practices, access to training, job quality and workplace conditions. To help organizations assess and improve their approach, the OECD recently launched a Longevity Readiness Tool, which benchmarks policies and practices across sectors and countries to identify where action is most needed.

As Statista's Anna Fleck details below, the data reveals wide differences in how countries support older workers. In hiring, the United Kingdom ranked highest in Europe in 2023, with people aged 50 and over accounting for roughly 12 percent of new hires. Finland followed at 9 percent, while Denmark and Estonia each recorded 6 percent. Poland ranked lowest at just 2 percent.

You will find more infographics at Statista

By industry, the category of accommodation and food services hired the largest share of older workers at 11 percent, followed by administration and support services at 9 percent, while education lagged behind at only 3 percent.

Training opportunities also varied significantly across OECD nations.

In New Zealand, 49 percent of surveyed employees aged 50 to 65 said they had participated in employer-funded training programs, marking the highest share recorded. The United States followed at 48 percent and Czechia at 43 percent, while South Korea ranked lowest at just 5 percent.

Job autonomy showed similar disparities. In Japan, 92 percent of workers aged 50 to 65 reported having some control over the pace of their work, compared with only 61 percent in Sweden.

An OECD paper notes that hiring rates among older workers are shaped by several factors. Although wages and benefits often rise with age, productivity does not always increase at the same pace. At the same time, evidence suggests multigenerational workforces can strengthen productivity through knowledge transfer and accumulated experience.

Older applicants also continue to face age discrimination (particularly women), alongside employer concerns about adaptability, tenure and technological skills.

However, the OECD argues these barriers can be addressed through better training, fairer compensation structures and policies aimed at reducing age-related bias in recruitment.

Tyler Durden Thu, 05/21/2026 - 04:15

An Arizona college president was met with boos from infuriated students after an artificial intelligence bot used to read graduates names malfunctioned, which meant dozens were skipped. 

UK Police Log One-Year-Old Baby As Crime Suspect; Hundreds Of Kids Flagged For Offences Authored by Steve Watson via modernity.news,

A one-year-old baby girl has been officially recorded as a crime suspect by Kent Police after allegedly causing a minor injury to another toddler. This is part of a shocking tally where 683 children under 10 were reported for offences over three years.

This isn't some isolated bureaucratic error. It's the latest symptom of a system that treats tiny children as miniature criminals or budding bigots while real threats from failed integration and ideological grooming go unaddressed.

None of these under-10s can be prosecuted - the age of criminal responsibility in England and Wales is 10 - yet police are dutifully logging every playground scrape, tantrum, or alleged slight under ridiculous Home Office rules.

Police reveal one-year-old baby among HUNDREDS of children under 10 reported for offences https://t.co/9kpuZO2EIA

- GB News (@GBNEWS) May 18, 2026

Figures obtained via Freedom of Information request reveal the scale: six two-year-olds, 11 three-year-olds, and 20 four-year-olds among the suspects. Boys made up over three-quarters of cases, with violence against others the top category. There were also 130 'sexual offences' involving children under nine.

Kent County Council cabinet member for children's services, Councillor Paul Webb, called the numbers "not great" but stressed early intervention through prevention programmes. He pointed to county lines drug gangs recruiting vulnerable kids, especially those in care, as a major driver.

Kent Police Chief Superintendent Rob Marsh explained that reports come from victims, families, schools, and agencies, with the focus on safeguarding rather than punishment: prevention, education, and family support.

This toddler-as-suspect absurdity doesn't emerge in a vacuum. It mirrors the broader UK push to turn nurseries, schools, and playgrounds into surveillance hubs for ideological compliance.

Just weeks ago, nurseries in Wales were urged to report "racist" toddlers to police under a £1.3 million taxpayer-funded scheme.

Childcare workers receive training to spot and log "hate incidents" by children barely out of nappies, complete with audits for "diversity" and lessons on "white privilege."

The guidance from Diversity and Anti-Racist Professional Learning (DARPL) at Cardiff Metropolitan University explicitly frames toddler squabbles as potential hate crimes warranting 999 calls.

Meanwhile, schools in Sheffield and elsewhere are pushing radical race doctrine claiming "Black people cannot be racist" towards white people because they supposedly lack "power."

Materials for seven-year-olds hammer home "white privilege" and demand kids monitor their language and report peers.

Related efforts include schools pressured over "Islamophobic" children's drawings that could be deemed blasphemous under Islamic law, books celebrating small boat migrants and telling kids there's "plenty of room" for unlimited crossings, government pushes to snitch on "anti-Muslim hostility," and even a video game flagging kids who question mass migration as potential extremists.

The pattern is clear: British children's innocence is collateral damage in the drive to enforce woke orthodoxy and cultural replacement.

Add in the 2025 case of a toddler under four expelled from nursery for "transphobia" - likely just innocent curiosity - and the picture is complete.

While authorities obsess over logging baby "assaults" and policing toddler speech, genuine safeguarding issues fester.

Child-on-child sexual abuse is a recognised national concern requiring police referral regardless of age. County lines exploitation preys on the vulnerable.

Yet the response often defaults to bureaucratic box-ticking and ideological reprogramming rather than addressing root causes like family breakdown, open borders straining social services, and education systems more focused on dividing kids by race than teaching right from wrong.

Critics are right to call this Orwellian. Toddlers cannot meaningfully hold racist or transphobic beliefs - they lack the cognitive framework.

Projecting adult political neuroses onto them turns childhood into a minefield of potential reports and exclusions. It erodes parental authority and normal development in favour of state-approved conformity.

This is the inevitable endpoint of a cultural shift that prioritises grievance hierarchies, mass demographic change without integration, and "anti-racism" that actually fosters resentment.

Parents see their kids labelled suspects or bigots for normal behaviour while institutions bend over backwards to accommodate sensitivities that clash with British norms.

The solution starts with rejecting this madness. Reclaim education for basics like reading, maths, and personal responsibility. Prioritise actual child protection over ideological score-settling. Push back against the surveillance state treating every playground as a crime scene or re-education camp.

British children deserve a childhood free from this nonsense - one rooted in reality, freedom, and common sense.

Tyler Durden Thu, 05/21/2026 - 03:30

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