Information

SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to sources, after Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. Bloomberg’s space and aviation managing editor Benedikt Kammel joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)

Five workers died after a collapse at a mine in southwestern China, underscoring persistent safety issues and increased scrutiny following a gas blast at a coal mine in Shanxi earlier this month that killed at least 82 people.

Uganda said the African Development Bank has tentatively allocated about $650 million to partly fund the construction of a railway linking the capital, Kampala, to Malaba at the Kenyan border.

Saudi Arabia’s Mutlaq Al-Ghowairi Contracting Co.’s shareholders are seeking up to 3 billion riyals ($799 million) in a Riyadh initial public offering, in what would be the Gulf’s first major listing this year.

Taiwan has condemned the expulsion of a New York Times journalist from China over an interview the US-based newspaper conducted with the self-ruled island’s leader, saying it is common for a president of a democratic country to explain its position.

China’s factory activity slowed in May as disruptions from a five-day break added to pressures on global demand and input costs from the continuing conflict in the Middle East.

The hunt is on for companies that could benefit from the tailwinds of an unprecedented wave of stock offerings in the US, and investors are increasingly honing in on the Asian supply chain.