PRESS DIGEST-Financial Times - June 12

SpaceX

SpaceX

SPCX

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The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

Elon Musk's SpaceX raises $75 billion in world's biggest IPO


UK defence ministers resign as row over military spending escalates


Arms maker Diehl in talks to build Ukrainian missile in Germany


Overview

SpaceX SPCX.O has raised $75 billion in a record-breaking initial public offering, propelling Elon Musk's AI-to-rockets group into the ranks of America's biggest listed companies amid blockbuster investor demand.


Britain's defence secretary and armed forces minister both quit, accusing Prime Minister Keir Starmer of failing to approve sufficient military funding to protect the UK.

German missile maker Diehl Defence is hoping to bring production of Ukraine's Flamingo cruise missile to Germany as the continent races to acquire the ability to hit targets deep inside Russia.


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