U.S. Treasury Secretary Scott Bessent said on Sunday (August 30, 2026) he will encourage G20 members to re-examine terms of trade with China to shrink global imbalances and press Beijing to rebalance its economy away from exports and toward domestic consumption.U.S
Step inside Aditi Rao Hydari and Siddharth's first home in Chennai: 18th-floor gem that blends vintage and modern styles Updated on: Aug 31, 2026, 14:10:07 IST By Krishna Pallavi Priya Prefer HTon Google Share via Copy link A look inside Aditi Rao Hydari and Siddharth's first home in Chennai
Goa nightclub fire case: SC upholds HC order cancelling bail of club ownersGoa nightclub fire case: SC upholds HC order cancelling bail of club owners Published on: Aug 31, 2026, 14:03:27 IST PTI Prefer HTon Google Share via Copy link New Delhi
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Add a little shine and sparkle to your lips with these 5 glitter lipsticksIf you are bored of your regular lipsticks then its time to switch to glitter lipsticks
Techie lands in Bengaluru from US via Amsterdam, calls out Delta, KLM over missing bagA techie landed in Bengaluru from the US via Amsterdam, only to discover his checked baggage was missing. Published on: Aug 31, 2026, 12:10:34 IST By Vaishali Kapila Prefer HTon Google Share via Copy link A techie
Daughter takes mother to movie theatre for the first time with her own earnings: ‘This is priceless’A daughter used her own earnings to give her mother her first movie theatre experience. Updated on: Aug 31, 2026, 13:36:14 IST By Vaishali Kapila Prefer HTon Google Share via Copy link A daughter
The government has notified the scheme with an outlay of Rs 1.27 lakh crore to boost the in the country.The scheme has been divided into six segments covering designing of chips by Indian firms, setting up units for capital equipment required for chip production, semiconductor fabs, chip assembly
Anti-conversion bill won’t be tabled in Goa assembly: BJP lawmakerRuling Bharatiya Janata Party (BJP) lawmaker Michael Lobo said the government acted in haste in having the bill cleared in the Cabinet Published on: Aug 31, 2026, 14:06:30 IST By Gerard de Souza Prefer HTon Google Share via Copy
Affluent Trump officials may get richer with SpaceX IPO
SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members of the administration. The IPO, expected to happen as soon as next week, is set to make Musk the world's first trillionaire if it achieves its targeted valuation of at least $1.8 trillion. It's also expected to make billionaires of several company insiders and investors, while minting millions in wealth for employees.
SpaceX's initial public offering will likely make President Donald Trump's already wealthy administration even richer.
Ten officials ranging from special envoy Steve Witkoff to Small Business Administration head Kelly Loeffler reported financial interests in Elon Musk's rocket company or in xAI, the artificial intelligence and social media firm it merged with in February, according to their most recent public financial disclosures.
In total, the federal staffers held SpaceX or xAI stock worth at least $9.9 million and as much as $43.8 million, according to the disclosures, which were made last year and list the value of assets in broad ranges. These officials could have sold all or part of their holdings since then without triggering additional disclosure requirements.
SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members of the administration. The IPO, expected to happen as soon as next week, is set to make Musk the world's first trillionaire if it achieves its targeted valuation of at least $1.8 trillion. It's also expected to make billionaires of several company insiders and investors, while minting millions in wealth for employees.
Iran claims responsibility for attacks on US Fifth Fleet HQ, Kuwait air base
The company is a major government contractor, with $4 billion in federal transactions in fiscal 2025. Last month, it was awarded an additional $6.5 billion in two contracts from the US Space Force to provide satellites for communications and monitoring airborne threats.
Musk, meanwhile, helped select dozens of people to fill contract-slashing and data-gathering roles throughout the federal government in his time running the Department of Government Efficiency. Many of them were his own employees, from SpaceX or other corners of his empire.
Collapse is near: Trump's window to resolve Iran crisis closing fast
In Musk's final month in Washington, Paul McInerny, a former SpaceX engineer, was named chief information officer of the Department of the Interior.
McInerny reported the largest SpaceX stake of any official, holding between $5 million and $25 million. He didn't have to divest, and instead received an ethics waiver to work on broad issues that could affect the company, filings show.
A spokesperson for the Department of the Interior said McInerny recuses himself from all matters involving his financial interests.
"Paul McInerny made the decision to serve our great country because he believes in the mission of the Trump administration and knows all of government can operate more efficiently for the American taxpayer," the spokesperson said.
Another high-profile SpaceX holder was Witkoff. He disclosed assets of $1 million to $5 million in 3G Investors LLC, a vehicle whose only reported holding in the filing was SpaceX.
Add as a Reliable and Trusted News Source Add Now!
Source: EconomicTimes
Related Posts: Anthropic IPO could beat SpaceX for biggest IPO of 2026 as revenue nears $65b Meesho IPO vs Vidya Wires IPO vs Aequs IPO — what GMP signals about these IPOs School-bus-size object from SpaceX rocket believed to have crashed into moon's Einstein Crater OpenAI says its AI technology acted on its own in an unprecedented hack of another company Why SpaceX’s IPO plan is generating so much buzz SpaceX files for IPO that could make Elon Musk a trillionaire Why SpaceX IPO plan is generating so much buzz Elon Musk's net worth hits $600 billion as SpaceX preps for IPO SpaceX IPO raised $10bn more than thought SpaceX files for potentially biggest IPO in history
The rupee fell 13 paise to trade at 95.56 per U.S. dollar on Monday (August 31, 2026) morning pressured by rising crude oil prices and geopolitical strain. Forex traders said market participants have raised the probability of a September Fed rate hike, pushing U.S
1 days ago
An FIR was filed against Rahul Gandhi for his remarks on a purification ritual. The Congress party criticized the Uttarakhand government for this action. They questioned why no case was filed against those who performed the ritual. The Congress stated they would respond through democratic and legal
1 days ago
The Supreme Court on Monday stayed a case against Dehradun gym owner Deepak Kumar, who had opposed the harassment of an elderly Muslim shopkeeper by alleged Bajrang Dal members in January, Live Law reported. The bench also stayed the Uttarakhand High Court’s March order restraining Kumar from
1 days ago
OpenAI said on Friday that it plans to end its agreement providing AI models to Cursor, the coding-tool company now owned by Elon Musk’s SpaceX. OpenAI said it was not confident that SpaceX would use its technology “within our terms of service
1 days ago
Bhagwat defended Gen Z protesters, then Modi branded them 'dimaagi naxal': Dipke“I have been saying from the beginning that BJP leaders need to start heeding Mohan Bhagwat’s advice,” the CJP founder said. Updated on: Aug 31, 2026, 10:14:26 IST By Faisal Malik Prefer HTon Google Share via Copy
1 days ago
Did Brawadis get back with his ex-girlfriend Jasmine? Here's all we knowBrawadis said that he and Jasmine had experienced "down moments" but chose to work through them instead of ending the relationship permanently. Published on: Aug 31, 2026
1 days ago
Sensex and Nifty start lower after previous week's reboundBSE Sensex was at 76,978.61, 0.37 per cent or 285.90 points down in opening trade on Monday while Nifty was trading at 24,117.55 - 0.24 per cent down. Updated on: Aug 31, 2026, 09:21:24 IST By HT Business Desk Prefer HTon Google Share via
1 days ago
The toll in the flash flood and mudslide in Nepal and China, which occurred on Wednesday, rose to 919 on Monday. Of these, 903 deaths were reported in Nepal and 16 on the Chinese side of the border. More than 4,200 persons were missing in Nepal. This included 275 Indians
1 days ago
Google Maps has changed the name of “Lake Ontario” to “Lake America” for U.S. users to reflect President Donald Trump’s executive order renaming the lake, according to a Google statement. Mr. Trump announced on Thursday (August 27, 2026) that he was changing the name of the smallest
1 days ago
Designer Sandeep Khosla responds to Urvashi Rautela's 'gandi copy' of Gigi Hadid saree from 2023 NMACC opening in Mumbai Published on: Aug 31, 2026, 10:16:09 IST By Sanya Panwar Prefer HTon Google Share via Copy link Sandeep Khosla reacts to Urvashi Rautela's Cannes 2026 look
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.ASUS Jelly75 keyboard KD201 review: A prebuilt keyboard I didn't feel like modifyingThe Asus Jelly75 combines a striking translucent design, smooth typing and versatile connectivity
1 days ago
‘You didn’t get robbed, you got outworked’: Man in US hits back at ‘Indians steal jobs’ claimA man in the US hit back at claims that Indians “steal jobs”, saying they earned opportunities through hard work. Published on: Aug 31, 2026, 10:51:35 IST By Mahipal Singh Chouhan Prefer HTon
1 days ago
Grand Canyon flash flood: National Park to close hotels, enforce water restrictions – 5 things to knowFlash floods damaged the Transcanyon Waterline, forcing Grand Canyon National Park to halt overnight hotel stays, introduce strict Stage 4 water restrictions. Published on: Aug 31, 2026
1 days ago
Can too much exercise be dangerous? Neurologist explains when intense workouts may harm the heart Published on: Aug 31, 2026, 10:13:37 IST By Anukriti Srivastava Prefer HTon Google Share via Copy link Can pushing your body too hard during exercise cause a heart attack? (Unsplash) From heart attacks
1 days ago
When Sonia Gandhi became president of India's main opposition Congress party in 1998, she was an unlikely and largely enigmatic political leader. Italian-born and the widow of former prime minister Rajiv Gandhi, she had spent years avoiding the political spotlight before taking charge of a party
1 days ago
Meta's Vice President and Head for India and South East Asia, Sandhya Devanathan, is leaving the social media giant after more than a decade and is all set to join OpenAI as Vice President for South East Asia and Australia. In this newly-created role
1 days ago
Woman reveals how she makes ₹8.8 lakh a month from user generated content: ‘No outreach’A woman turned user-generated content into a ₹8.8 lakh monthly income in just five months. Published on: Aug 31, 2026, 10:58:19 IST By Vaishali Kapila Prefer HTon Google Share via Copy link A woman
1 days ago
August 31, 2026, Birthday Horoscope: You may find yourself looking beyond your current circumstances this yearYour birthday falls on August 31, 2026 here’s what your year ahead looks like, as per Tarot. Updated on: Aug 31, 2026, 11:00:15 IST By Kishori Sud Prefer HTon Google Share via Copy link
1 days ago
Pakistan’s Deputy Prime Minister Ishaq Dar and Chief of Defence Forces (CDF) Field Marshal Asim Munir on Sunday (August 30, 2026) reached Turkiye for a trilateral defence pact meeting, which also includes Saudi Arabia. Pakistan, Saudi Arabia and Turkiye signed the trilateral defence agreement
1 days ago
A woman who was heading to an airport to catch an early-morning flight was saved from a potential cab fare scam thanks to her calm and composed approach. She claimed that the driver tried to charge her nearly 40% more than the fare shown on the ride-hailing app
1 days ago
An employee’s Reddit post about being pulled up by HR for arriving 15-20 minutes late has sparked a debate over workplace expectations. The employee claimed they had regularly worked overtime and weekends, but were still questioned about occasional delays during quieter days
1 days ago
A first information report was registered against Congress leader Rahul Gandhi for allegedly promoting enmity between groups and deliberately outraging religious feelings, PTI reported on Sunday. This came a day after Gandhi demanded that an FIR be filed against those who carried out a
1 days ago
August 31 is the deadline for taxpayers filing ITR Forms 3, 4. 5 & 7. These taxpayers must file their ITR on or before the deadline to complete their tax duties and avoid penalties and notices. ITR filing deadline for August 31, 2026: The deadline for filing the income tax return for FY 2025- 26 is
1 days ago
Samsung’s Galaxy Watch Ultra2 and Watch9 show why it rules Android’s smartwatchesWith a key Qualcomm chip change, Samsung’s refining the formula for experience and on-device AI, which intertwines with a broadened health and fitness suite Updated on: Aug 31, 2026
1 days ago
The US Department of State has confirmed that a January 2026 pause on immigrant visa issuance for nationals of 75 countries is no longer in effect, following a court order in the case CLINIC et al. v. Rubio et al. The State Department updated its guidance on August 28
1 days ago
The dramatic footage was almost impossible to miss. A torrent of water tearing through Gyirong Port, one of the main border crossings between Nepal and Tibet, sweeping away all in its path as hundreds of people fled for their lives. The scenes, captured by CCTV cameras
1 days ago
‘Could only think about how we were going to escape’: Nepal flood evacueesPilgrims, who traveled to Kathmandu for a religious retreat, faced dangers from floods before safely returning to India. Updated on: Aug 31, 2026, 11:04:16 IST By Pradip Kumar Maitra Prefer HTon Google Share via Copy link
1 days ago
