SpaceX in talks for Billions Valuation Ahead of Potential 2026 IPO

SpaceX's Secondary Share Sale, that would Value the Company at $800 billion, People familiar with the Matter said, Surpassing OpenAI, to make it the most Valuable U.S. Private Company. The Company’s Chief Financial Officer Bret Johnsen told Investors, about the Sale in recent days, and SpaceX Executives have also said the Company is weighing a potential Initial Public Offering in 2026d. The $800 billion Valuation is Double the $400 billion Value it Fetched in a Recent Secondary Share Sale.

SpaceX Investors have been Waiting for an IPO for years, as the Company has grown into an Essential Service for the U.S. Government, launching Satellites and Astronauts. It is also a Provider of Broadband Internet around the World, used in Remote areas Ranging from the Mountains of the U.S. to the Frontiers of the War in Ukraine. The IPO Market Picked-Up this Summer, after Three years of Doldrums. Shares of Stablecoin Issuer Circle Internet Group and Software Maker Figma, both soared in their Market Debuts in 2025. The Government Shutdown Slowed the Pace of New Offerings, but Bankers and Investors are Optimistic 2026, will be a Return to Normal IPO Levels.

While much of Elon Musk’s Business Empire is Facing Growing Challenges, His Rocket-and-Satellite Company remains Stronger than ever, thanks in part to its Dominant Position launching Rockets into Space. Many Investors say the Company’s Satellite Business Starlink, which has more than Eight Million Active Customers, is also Driving Up its Big Valuation.

There is No Guarantee SpaceX will reach the $800 billion Value it is aiming for, though the Company has a Dedicated Investor Base that Routinely writes Checks for Ever-Growing Valuations. Musk said on X in June that the Texas-based Company was expected to Generate about $15.5 billion in revenue for the year.

The Texas-based Company handles Missions for Commercial Satellite Companies and Government Agencies like NASA. It also has Deep ties with the Pentagon and the Intelligence Community, working on both Launches and Satellite-related Projects for those Clients. SpaceX also frequently Launches its Own Satellites to Low-Earth Orbit.

It has around 9,000 Satellites in Space for its Starlink Satellite-Internet Division, which provides High-Speed Connections for Residential Customers and Business Clients like Airlines. The Company is also working to Build-Up a Business providing Satellite Links directly to Consumers’ Cellphones, and recently Agreed to Aquire Blocks of Spectrum for Satellite-Operator EchoStar to Support those Efforts. It Committed more than $20 billion in Cash, Stock, and Debit Commitments to Purchase the EchoStar Spectrum.

“We are so pleased to be doing this transaction with @EchoStar and working with operators across the globe to advance our mission to end mobile dead zones everywhere on Earth,” SpaceX President Gwynne Shotwell said in a September Post on X about One of those Deals.

SpaceX is also Investing in Starship, a Massive Rocket it is Developing for a Range of Missions, including a Moon Landing of NASA Astronauts.










NYC Wins When Everyone Can Vote! Michael H. Drucker

Release of Epstein Grand Jury Documents in FL Case

A Federal Judge in Florida, Ordered the Release of previously Sealed Testimony, after Legislation Passed last month, Authorizing the Disclosure. The Law passed by Congress gave the Justice Department (DOJ) 30 days to Release the Files related to the Epstein Investigation in its Possession.

A Federal Judge in Florida on Friday, Approved the Release of Grand Jury Documents from a nearly 20-year Old Investigation of Jeffrey Epstein, beginning the Process of making Public another Batch of Long-Sought Material about the Deceased Financier. The Investigative Material from the Florida Case, is among the Older Information that Law Enforcement held about Epstein, Dating to an Investigation that was First Opened in 2005, into Allegations that He was Abusing Teenage Girls. The Inquiry Ended in 2008, when Epstein Pleaded Guilty to State Charges of Soliciting Prostitution, in a Deal widely seen as Overly Lenient.

The Ruling on Friday, came after Congress Passed a Law last month, requiring the DOJ to Release All its Files on the Convicted Sex Offender by Dec. 19th, 2025. The Process still Requires the DOJ to seek Approval from Judges to Release Grand Jury Material, as well as to make a Number of Redactions related to Victims and other Personal Identifying Information.

In a Brief Order, Judge Rodney Smith of the Federal District Court for the Southern District of Florida wrote that the Bill, which was Signed into Law by Trump (R) last month, allowed the Court to Unseal the Documents. He noted Language in the Legislation, which Required the Government to Release “the unclassified records, documents, communications and investigative materials that relate to Jeffrey Epstein and Ghislaine Maxwell,” His Longtime Companion.

After His Plea in Florida, Epstein was Investigated again in New York and Indicted on Federal Sex Trafficking Charges, before Dying by Ssuicide in Jail while awaiting Trial in 2019. For years, Trump and Others in His Orbit Repeatedly Pledged to make the Files Public after ginning-up Theories about their Contents and which Associates of Epstein might be Implicated. After His Re-Election, Trump pivoted and began to Downplay the Significance of the Files.

Trump, whose Friendship and subsequent Falling-Out with Epstein is well Documented, appeared Disinclined to Release the Files but ultimately supported the Legislation after it became Clear that Scores of Republicans in Congress. were likely to Join with Democrats in Voting for their Release.

In recent weeks, PeriodicDdisclosures made by Lawmakers have stirred Speculation about the Extent of the previously Unknown information about Epstein that is in the Government’s Possession. A Batch of Emails sent by Epstein before His Death and Released by Democrats on the House Oversight Committee, revealed repeated References to Trump, as well as Ongoing Conversations between Epstein and Prominent Figures, such as the Economist Larry Summers and the Journalist Michael Wolff.

Earlier this year, before the Passage of the Legislation, judges in Florida and New York had Declined similar Requests from the Government to Unseal the Files, citing Rules of Criminal Procedure that Prohibit the Release of Grand Jury Materials. In the New York Case, a Federal Judge also entered a Protective Order, Barring the Government from any attempts to Unilaterally Release the Records, after Trump's Attorney General Pam Bondi (R) and other Senior Officials had Pledged to make the Materials Public.

But even as the Government Lodged those Requests this year, it Stressed that Little, if Anything, in the Transcripts was likely to Significantly Expand the Public’s Knowledge of Epstein’s Life and Criminal History. The Law Passed by Congress, gave the DOJ 30 Days from its Passage to Release the Files Related to the Epstein Investigation in its Possession.










NYC Wins When Everyone Can Vote! Michael H. Drucker

EU Reparations Loan for Ukraine

After being Sidelined by the White House, in Direct Negotiations with Russia over the Fate of Ukraine, Europeans are looking to Muscle their way back to the Negotiating Table. One Card they are yet to play is the €210 billion in Assets of the Russian Central Bank that have been Immobilised under EU Sanctions since February 2022, and is in a Belgium Bank. They have been using the Interest to give Ukeaine to buy Weapons. Then when the War ended, the Remain amount would be used to Rebuild Ukraine.

The EU intends to Channel the Russian Assets into a Zero-Interest Reparations Loan to Support Ukraine's Financial and Military Needs for 2026, 2027, and possibly Beyond. Kyiv would be asked to Repay the Loan only after Moscow Ended its War of Aggression, and Agreed to Compensate for the Havoc Wreaked across the Country.

The Plan to make Russia Pay came close to being Hijacked last Month, in a 28-Point Plan Secretly Drafted by U.S. and Russian Officials, that established the Initial Terms of a Post-War Framework. Many of the Points Reflected in the Document came as a Shock to Europeans, who saw them as Overtly Favourable to Russia and Detrimental to Ukraine. Far from a Peace Deal, it looked like the Prelude to Capitulation.

For Europeans, a Controversial Point 14 of the Plan drew Surprise and Ire as it suggested Splitting the Immobilised Russian Assets into Two separate Investment Vehicles that would have Allowed both Washington and Moscow to Profit Commercially. Instead of Paying Peparations, the Kremlin would Stand to make a Financial Gain. Point 14 also highlighted how the U.S. Administration, under Trump (R), increasingly sees Foreign Policy through a Commercial Lens.

For the EU, the Leaked Draft Intensified the Urgency to Close Ranks and keep its most Powerful Leverage, the Immobilised Russian Assets, Close to its Chest. "If we are serious about this, we cannot leave it to non-European states to decide what happens to the financial resources of an aggressor state that have been lawfully frozen within the jurisdiction of our own rule-of-law and in our own currency," German Chancellor Friedrich Merz said in a New Published Wednesday.

"The decisions we make now will shape Europe's future." Meanwhile, in Brussels, European Commission President Ursula von der Leyen pushed ahead and Ppresented the Legal Texts necessary to make the Reparations Loan a Reality. By far, the most Eye-Catching Element of the Multi-Pronged Package is a New Law that would Prohibit the Return of the Sovereign Aassets to Russia. It would work in parallel to the existing Sanctions and add another Layer of Predictability.

The Ban is based on Article 122 of the EU Treaties, which was used in the Past to Deal with Economic Emergencies, such as the Energy Crisis. Crucially, Article 122 only requires a Qualified Majority, so it would Override the Unanimity Policy that so often Stalls Collective Action and leaves the Bloc in the Hands of Hungary. The Ban, if Approved, would be Revised every 12 months, and set a very High Bar: the Assets would be Released when Russia's Actions "have objectively ceased to pose substantial risks" for the European Economy and Moscow has Paid Reparations to Ukraine "without economic and financial consequences" for the Bloc, the Text says.

A New Qualified Majority would be Fequired to Trigger the Release. In practice, this means that the Russian Assets would Remain firmly Immobilised for the Foreseeable Future and be Shielded against Individual Vetoes from Member States that might be Tempted to Break Ranks under External Pressure. Divide-and-Conquer Tactics would Lose their Efficacy, and Consensus by the 27 Capitals would Prevail to Settle the Fate of the €210 billion, Regardless of what is Written in a Leaked Document or Discussed in Closed-Door Meetings.

Then Bloomberg Reported that the U.S. had lobbied "Several" EU Countries, which were not Named, to Block the Reparations Loan. "This reparations loan (...) will contribute positively to peace negotiations because it is a leverage that makes very clear that we are in for the long haul with Ukraine," Von der Leyen said during the Presentation.

"It is a very clear message also to Russia that the prolongation of the war on their side comes with a high cost for them. And on the other hand, it puts Ukraine in a position that it is secured financially (...) so that they are in a position of strength in these negotiations." Still, the Commission is facing the Fierce Resistance of Belgium, the Prime Custodian of the Assets, as it Heads into an Eleventh-Hour Meeting between the Belgian Prime Minister, the German Chancellor and von der Leyen on Friday Evening.

In many ways, EU Scholars suggest the Commission has Exhausted All the Leeway that the Legal Parameters of the Treaties can Offer. Now, it all boils down to Politics.










NYC Wins When Everyone Can Vote! Michael H. Drucker

German Approve Attracting More Military Recruits

Germany’s Bundestag Voted for a VBill on Friday, that allows the Country to move towards Conscription, as Tensions with Russia spur Calls for Europe to gain more Independence from the U.S. Security Umbrella. The Controversial Bill, Passed with a relatively Solid Majority in the End, with 323 Lawmakers Voting Yes, 272 Voting No, and One Abstaining.

However, if the New Quotas still aren’t Reached, the Government retains the Option of “Bedarfswehrpflicht”, what Germans call Needs-Based Conscription, following another Vote for an Extra Law in the Parliament.

Under the New System, all 18-year-Olds will receive a Questionnaire From in 2026 asking about their Interest in Serving in the Military, although it is Only Compulsory for Men to Answer it. And from July 2027, Men will also have to undergo Mandatory Military Examinations Once they turn 18.

At Protests in Kassel and Berlin, some People held Handmade Posters with Slogans against the Bill, while others led Chants through Megaphones as they Marched through the City Center. “I think it’s very important that everyone can choose their own future,” One Protester said in Berlin.

“And if they don’t want to spend it on war, I think it’s their right, to say that they don’t want to go into the military, they don’t want to prepare for war because preparing for war brings us closer to it.”

With these Reforms, Germany joins several other European Countries who have either Reintroduced or Expanded their Military Service following Russia’s Invasion of Ukraine.

Denmark - Expanded its Military Service to include Women in July, 2025.

France - announced the Creation of a New Voluntary Youth Military Service November, 2025.

Latvi - Re-Introduced Compulsory Military Service for Men in January, 2024

Germany has Not had Mandatory Military Service since 2011, when it was Suspended, making Service entirely Voluntary.

The Country’s Armed Forces have been Under Funded since the Cold War, Falling below 2% of its GDP, as European Security seemed Unthreatened, and a Taboo Surrounding the Military Lingered following the Nazi Era.










NYC Wins When Everyone Can Vote! Michael H. Drucker

CFTC Approves Spot Crypto

The U.S. Commodity Futures Trading Commission (CFTC) announced that Spot Crypto Asset Contracts will for the First time, be Traded on Exchanges Registered with the Agency.

This step, First hinted at in August, is intended to bring Digital Assets further into Mainstream Finance and give Americans Safer, Regulated, Market Access.

Acting Chair Caroline Pham highlighted the need for Reliable U.S. Markets after recent Problems on Offshore Exchanges.

The CFTC also recently sought Public Input on using Tokenized Collateral, such as Stablecoins, in Derivatives Markets.

Under Trump (R), the Sigital Assets industry has gained Support through Efforts like the:

GENIUS Act: A U.S. Federal Law that aims to create a Comprehensive Regulatory Framework for Stablecoins. Stablecoins are a Type of Cryptocurrency that are backed by Assets considered to be Reliable such as a National Currency or a Commodity. Stablecoins are typically used to Transfer Funds between different Cryptocurrency Tokens. The Act requires Stablecoins to be Backed One-for-One by U.S. Dollars or Other Low-Risk Assets.This establishes a Stringent Standard for purposes of Determining Reserves, doing Audits, and providing Transparency for Buyers.

Prior to Passage of the Act,Sstablecoins were Not Required to Maintain a 1-to-1 backing with a Low-Risk Asset. The Act serves as a First Step in establishing Dual Federal and State Supervision and Consumer Protection.

CLARITY Act: The Clarity Act was introduced to address the Regulatory Uncertainty surrounding Digital Assets and Cryptocurrencies. It seeks to provide Clear Definitions and Guidelines for Digital Commodities, ensuring Consumer Protection while Fostering Innovation in the Financial Technology Sector. The Act aims to Resolve the Ongoing Jurisdictional Disputes between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding the Regulation of Digital Assets.

in Contrast to Joe Biden’s (D) more Restrictive Stance focused on Limiting Fraud and Money Laundering.










NYC Wins When Everyone Can Vote! Michael H. Drucker

Russia Ready to Supply Uninterrupted Fuel to India

Russian President Vladimir Putin has said Moscow is ready to provide "Uninterrupted Shipments" of Fuel to India, as Delhi faces Pressure from the U.S. to Stop buying Russian Oil. Putin, speaking alongside Indian Prime Minister Narendra Modi in Delhi, questioned earlier why India should be Punished for Buying Oil when the U.S. itself buys Nuclear Fuel from Moscow.

Trump (R) has imposed 50% Tariffs on most Indian Products, arguing that Delhi's continued Purchases of Russian Oil helped Fund the War in Ukraine, an Accusation India Denies. Putin's visit comes as the U.S. holds a series of Talks with Russia and Ukraine in an attempt to Broker a Peace Deal to End the War.

On Thursday, Putin told India that Russia was working on a "Peaceful Solution" to Ending the War, Warning that Ukraine must Withdraw from the Donbas or Russia would Seize it.

"Either we liberate these territories by force, or Ukrainian troops will leave these territories," He said. Modi repeated India's Stance that it was Not Neutral on the War in Ukraine and stood on "the side of peace", welcoming Efforts to find a "Lasting" Solution to End the War.

He highlighted that Increasing the "Connectivity" of Russia and India was a "Major Priority" for India. In recent months, India-U.S. Ties have Hit an All-Time Low as the Two Countries have Failed to Resolve the Tariff Deadlock.

Trump initially Imposed a 25% Tariff on India, but Announced an Additional 25% later as a Penalty for Delhi's purchase of Russian Oil, a move the Indian Government called "Unfair, Unjustified, and uUreasonable" at the time. In His Interview with India Today, Putin commented on the U.S. Tariffs on India for Buying Russian Oil, and said that India should have the same Oportunities available as the U.S.

"The United States itself still buys nuclear fuel from us for its own nuclear power plants. If the U.S. has the right to buy our fuel, why shouldn't India have the same privilege?," He asked. Russia remained the U.S.' Top Supplier of Nuclear Reactor Fuel Last year, from Data from the Department of Energy. A Ban on Enriched Uranium Imports from the Country was Enshrined into Law in May.

The Two Leaders Exchanged Memorandums during Friday's Briefing, outlining Mutual Objectives in areas including Trade and Agriculture. Modi announced Two New 30-day Visa Schemes for Russian Tourists Visiting India, and said that Two New Indian Consulates had Opened in Russia. Russia Today, a Kremlin-Funded, State-Controlled TV Network, would also be Launched in India, the Prime Minister said. No Major Defence Deals were announced, but the Two Men said there were Agreements Signed-On Shipbuilding, Investments in Civil Nuclear Energy and Critical Minerals.

India and Russia also Agreed on an Economic Programme Valid until 2030, the Leaders said, Spanning Jobs, Shipping, and the Health Industry. Putin said He was Confident about Increasing Current Bilateral Trade from $60bn to $100bn in the coming years. Modi said that "energy security has been a strong and important pillar of the India-Russia partnership", but made No Specific Reference to Oil.

India, the World's Third Largest Consumer of Crude Oil, has been Buying Large Volumes from Russia since the Kremlin's Full-Scale Invasion of Ukraine in 2022. But some Indian Firms have already started Reducing Oil Imports from Russia, to Comply with U.S. Sanctions. Putin also Referenced a "Flagship Project": building India's Largest Nuclear Power Plant, that He said Moscow would Help with.

In a Joint Statement Released after their Meeting, the Leaders said their Partnership was being "reoriented toward joint research and development, as well as the production of advanced defence platforms". Putin added that He and Modi were cooperating on Foreign Policy, with their Coalition of Brics Countries Promoting a "more just" and "multi-polar" World.

Brics is an Informal Alliance of Several Major Developing Countries: South Africa, Brazil, China, India, and Russia, which formed in 2006, broadly to Challenge the Political and Economic Power of North America and Western European Nations.










NYC Wins When Everyone Can Vote! Michael H. Drucker

Grand Jury Declines to Indict NY AG

The Justice Department (DOJ) on Thursday Failed to Secure an Indictment against New York Attorney General Letitia James (D).

The Presentation to the Grand Jury came less than Two weeks after the Original Criminal Case against Her was Dismissed.

James, a frequent Political Target of Trump (R) who had Successfully brought a Fraud Lawsuit against Him, had previously been Indicted by a Grand Jury on One Charge of Bank Fraud, and another making False Statements to a Financial Institution. James has Denied any Wrongdoing.

Acting U.S. Attorney for the Eastern District of Virginia, Lindsey Halligan, a former Trump Personal Attorney with No Prosecutorial Experience, presented the Case to a Grand Jury on Her own, in the First Go-Round, and that Case was Declared Void on Nov. 24th, when a Judge found Halligan's Appointment was Unlawful.

The DOJ initially Vowed to Appeal the Ruling by U.S. District Judge Cameron Currie, but ultimately decided to seek a New, Untainted Indictment against James.










NYC Wins When Everyone Can Vote! Michael H. Drucker