Texas Factory: SpaceX officially filed plans for a massive $55 billion semiconductor device fabrication plant in Texas, named Terafab, with a total projected build-out reaching up to $119 billion.
Elon Musk’s recent major investment and corporate news in the USA centers on SpaceX, which completed the largest stock market debut in U.S. history. The space exploration and AI company raised $75 billion in its initial public offering (IPO), pushing its market valuation over $2 trillion and briefly propelling Musk to an estimated net worth of $1.1 trillion.
We did something nobody knew': Trump details secret US operations near Strait of Hormuz
Key Details of the OperationStealth Ship
Transits: For roughly 45 days, the US Navy quietly escorted merchant traffic along a southern route—the furthest point from Iranian weapons—running completely dark without navigation lights at night.Destruction of Iranian Radar: Trump disclosed that the US military systematically disabled Iran’s air defense radar capabilities to keep the transits hidden.
He claimed the US struck the infrastructure on three consecutive nights, forcing Tehran to repeatedly attempt to rebuild their systems.
Massive Oil Movement: The secret mission successfully facilitated the passage of over 200 commercial ships and moved more than 100 million barrels of oil into the open market.Market Stabilization: According to Trump, these clandestine flows are the primary reason global crude oil prices stabilized around $90 per barrel instead of surging past $200 amid the regional conflict.
"Wall of Steel" Blockade: Alongside escorting friendly tankers, Trump described the US naval presence as a tight blockade that successfully prevented unauthorized vessels from reaching Iranian ports.
Read In App"Everybody's Profiting": Trump Defends Earning More Than $1 Billion On Crypto
Asked about criticisms that he was using his position to enrich himself, the billionaire president said his earnings were placed in blind trusts to ensure that he could not do so.
US President Donald Trump on Wednesday defended earning around $1.2 billion from his family's cryptocurrency activities last year, saying "everybody's profiting" from his time in power.
"You know why I'm profiting, because the stock market's going up, everybody's profiting," Trump told reporters as he prepared to take his first flight on a new Air Force One plane gifted by Qatar.
Asked about criticisms that he was using his position to enrich himself, the billionaire president said his earnings were placed in blind trusts to ensure that he could not do so.
"I don't get involved in my personal (finances), we have funds that run my money," Trump said. "I've made a lot of money before I became president, and they invest my money, and I don't talk to them."
Trump also insisted that his wealth was due to his prior career, despite the fact that the earnings were related to crypto ventures launched during his first year back in the White House.
"I don't know if I've had a better career in politics or business, but I had a great career in business, and you know, you saw the cash, and you report the different things," he said.
"So we're all profiting. I'm profiting because I have a lot of money and a lot of cash."
According to financial disclosures released by the US Office of Government Ethics on Tuesday, Trump received nearly $550 million from his ties to the startup World Liberty Financial in 2025.