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Stock Market 15 March 2025 - 30 May 2025

Internet Access in Kiribati: Bridging the Digital Divide Across Remote Pacific Islands

Internet Access in Kiribati: Bridging the Digital Divide Across Remote Pacific Islands

About 73,300 people in Kiribati used the internet as of January 2024, covering 54.4% of the population. The country relies entirely on satellite links for connectivity, with no submarine fiber cable in place. The East Micronesia Cable System is under construction and expected to connect Tarawa to Guam by 2025. Starlink has around 1,500 user terminals in South Tarawa, though not yet officially licensed.
22 March 2025
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Stock Market Today

  • SpaceX IPO Charges Wall Street Just 0.7% Fee on Record $75 Billion Deal
    June 14, 2026, 6:02 PM EDT. SpaceX raised $75 billion in the largest IPO ever by money raised, paying only 0.7% in underwriting fees, around $500 million, among the lowest ever for such mega-deals. Goldman Sachs and Morgan Stanley led the syndicate, each securing roughly $100 million. Despite the thin fee margin-well below the usual 1-7% spread-the offering attracted $350 billion in orders. The low fees mark a shift, yet banks coveted the prestige and potential future business linked to Elon Musk's ventures. The massive IPO, which valued SpaceX at over $1.77 trillion initially and closed above $2 trillion on debut, sets a new benchmark in capital markets. Analysts note the true gains for banks may come from trading, lending, and advisory work beyond upfront fees.

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Coupang Shares Dip After $410 Million Korea Privacy Fine; Q2 Results Eyed

Coupang Shares Dip After $410 Million Korea Privacy Fine; Q2 Results Eyed

14 June 2026
Coupang shares fell 2.49% to $16.82 after South Korea imposed a record $410 million privacy fine, which will hit Q2 2026 results as an operating expense; investors now await formal rulings and Q2 earnings for updates on margins, cash flow, and customer trends as the stock trades near its 52-week low.
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