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Elon Musk becomes world’s first trillionaire 

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SpaceX founder Elon Musk has become the first person in the world to get the “trillionaire” tag. Investor confidence in Musk’s businesses was on full display on Thursday when SpaceX, which deals in reusable rockets, satellites and artificial intelligence, secured a record USD 75 billion through its initial public offering, reported news agency Reuters.

Alongside electric-vehicle manufacturer Tesla, SpaceX sits at the heart of Musk’s business empire.

Before the share offering, Forbes estimated Musk’s net worth at around USD 780 billion, placing him comfortably ahead of the second-richest individual, Alphabet co-founder Larry Page.

Matt Durot, deputy editor at Forbes Wealth was quoted as saying by Reuters: “The second richest person has been hovering around $300 billion, so about less than one-third of what Musk can potentially be worth tomorrow.” “And only one other person, Oracle founder Larry Ellison, has ever been worth USD 400 billion.”

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Elon Musk’s major holdings

A major part of Musk’s wealth is now tied to SpaceX, where his stake is valued at roughly USD 866 billion. Combined with his holdings in Tesla and other ventures, Forbes estimates his net worth at USD 1.1 trillion once SpaceX shares began trading on Friday, according to Reuters calculations based on company filings.

Musk first rose to global prominence through Tesla and SpaceX before extending his influence further with the USD 44 billion purchase of Twitter (now X) in 2022, which gave him access to a massive online community and the chance to regulate the platform. In addition to Tesla and SpaceX, Musk has helped launch several other companies, including tunnel-construction venture The Boring Company and brain-implant developer Neuralink.

His growing involvement in politics has also generated controversy. Among the most debated episodes was his participation in US President Donald Trump’s Department of Government Efficiency last year. The political backlash coincided with low Tesla sales in several overseas markets during 2025, as the company faced protests and consumer boycotts.

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Pope Leo Excommunicates 500,000 Rebel Catholics

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Pope Leo XIV has reportedly excommunicated about 500,000 members of the traditionalist Society of Saint Pius X (SSPX), escalating one of the Roman Catholic Church’s longest-running internal disputes after the group defied papal authority by consecrating four new bishops without Vatican approval.

The disciplinary action followed Wednesday’s episcopal consecrations in Geneva, carried out despite explicit instructions from Pope Leo XIV that the ceremony should not proceed.

In a statement issued on Thursday, the Vatican announced that the Society’s bishops had been excommunicated and said members of the SSPX were to be regarded as being in schism from the Catholic Church. The Holy See, however, stressed that members who choose to leave the group and return to full communion with Rome would be welcomed back.

The SSPX, founded in 1970 by Archbishop Marcel Lefebvre, was established in opposition to reforms introduced by the Second Vatican Council, which reshaped Catholic liturgy and the Church’s engagement with the modern world.

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The group, estimated to have about 600,000 followers worldwide, rejects several post-Vatican II reforms, including the widespread use of local languages during Mass. Its members continue to celebrate the liturgy in Latin, receive Holy Communion while kneeling and directly on the tongue, and maintain other traditional Catholic practices.

Reacting to the Vatican’s decision, SSPX member Rita Reid of Jersey in the Channel Islands said the announcement would not weaken her commitment to the Society.

“It actually makes me feel quite strong.

“Before the consecrations yesterday I said to my husband, ‘Do you know what? Even if they excommunicate us, go ahead, bring it on, it’s not going to make one bit of difference.’”

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The Vatican maintained that the Society’s clergy administer the sacraments unlawfully.

“The sacred ministers of the Society of St Pius X administer the sacraments illicitly, while the sacrament of penance they administer and the marriages they witness are invalid,” the Holy See said.

Although tensions between Rome and the SSPX have persisted for decades, relations had improved in recent years, raising expectations that the latest dispute could be resolved without severe sanctions. While many observers anticipated disciplinary action against the bishops who carried out the illicit consecrations, the reported extension of the measure to the Society’s wider membership has drawn significant attention.

Excommunication is among the most severe canonical penalties in the Catholic Church, placing those affected outside full communion with the Church and preventing them from receiving sacraments such as Holy Communion, confession and marriage within the Catholic faith.

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Despite the Vatican’s action, many SSPX members continue to insist that it is the Holy See—not the Society—that has departed from authentic Catholic teaching, underscoring the deep theological divide that continues to separate the traditionalist movement from Rome.

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Sad: Palestinian goalie, Al-Ashpar shot dead in Gaza

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Palestinian goalkeeper, Saleem Al-Ashqar was k!lled earlier this week in the Gaza Strip by the Israeli army.

The football player was riding his bicycle to refill a gas cylinder for his home when the area came under heavy fire from an Israeli tank stationed nearby, the Palestinian Football Association (PFA) told The New Arab, adding that he was struck by a stray bullet that lodged in his abdomen.

The PFA added that he was immediately rushed to hospital, where examinations revealed severe internal hemorrhaging and extensive damage to his stomach, intestines, liver, and pancreas.

“Despite medical efforts, the hospital’s severely limited capabilities—exacerbated by the collapse of Gaza’s health sector due to the ongoing war of extermination, as well as shortages of equipment, electricity, and medical staff—made it impossible to control the internal bleeding. Given the severity of his injuries, Al-Ashqar passed away about two hours after arriving at the hospital,” spokesperson Dima Youssef told TNA.

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Throughout his athletic career, Al-Ashqar played for Khadamat Khan Younis, Al-Aqsa and Al-Masdar in the Gaza Strip. He leaves behind his wife, whom he married just five months ago and who is expecting their first child.

Al-Ashqar, who was the only son in his family, is also survived by his seven sisters.

His death brings the total number of Palestinian sports people killed since the start of Israel’s war on Gaza to 1,009, which includes at least 567 footballers.

Among them was Suleiman al-Obeid, who was shot and killed by Israeli forces as he attempted to collect humanitarian aid in August last year, in one of the most high-profile killings of a Palestinian sportsperson since the start of Israel’s genocidal war on Gaza.

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‘Send Them To Hell’ – Iranian Clerics Call For Ass@ss!nation Of Trump, Netanyahu

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Iran’s most senior clerics have called for the ass@ss!nations of President Donald Trump and Israeli Prime Minister Benjamin Netanyahu.

The 88-member Assembly of Experts issued a 10-point statement in which they said k!lling “the wicked prime minister of the Zionist regime” and “the criminal American president” was a religious duty that must be carried out “under any circumstances.”

The clerics, who are constitutionally tasked with choosing and supervising the supreme leader, wrote that the call for their ass@ss!nations and avenging the death of supreme leader Ali Khamenei was of “paramount” importance.

“It is obligatory upon any duty-bound person who gains access to these criminals to send them to hell,” they wrote.

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In another development, Iranian newspaper Hamshahri ran a front-page story featuring Trump’s face in the crosshairs of a rifle scope with a banner headline reading “Revenge is certain.”

The clerics also warned that the ongoing cease-fire negotiations to end the war that has raged since Feb. 28, was merely a delay tactic to give the US more time to plan another round of attacks.

“The likelihood of a renewed attack after will be very high the matters raised in the memorandum of understanding must be resolved within the stipulated 30-day and 60-day deadlines,” they wrote, referring to the terms in the 14-point memorandum of understanding signed by the US and Iran aimed at ending the war.

They further urged supporters of the Iranian regime to take to the streets “in the leader’s name,” adding that “the people’s presence is necessary and decisive.”

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