SpaceX stock tumbles following initial public offering surge globally
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SpaceX stock tumbles following initial public offering surge globally

By Advocate | June 19, 2026 | 3 min read |

The United States has lifted its naval blockade on Iran following a ceasefire agreement signed by both nations. Both countries agreed to halt military operations immediately and reopen the Strait…

The United States has lifted its naval blockade on Iran following a ceasefire agreement signed by both nations. Both countries agreed to halt military operations immediately and reopen the Strait of Hormuz, a critical shipping lane for global oil trade.

Iran's Supreme Leader Mojtaba Khamenei dismissed the deal as a product of American "desperation." He criticized President Donald Trump's administration for what he viewed as weakness in negotiations.

US Vice President JD Vance made clear that Iran won't enjoy sanctions relief or economic gains without full compliance. He stressed that Tehran must honor commitments on nuclear issues and regional activities.

Technical discussions between Washington and Tehran are scheduled for Switzerland soon. Officials from both sides are expected to hammer out implementation details in coming weeks.

An alleged leader of Ecuador's Los Águilas gang fell dead outside Guayaquil airport in a brazen assassination. Attackers posed as well-wishers carrying flowers and stuffed animals before opening fire.

Security cameras caught the entire attack on video. One gunman pulled a weapon hidden behind a teddy bear and shot Carlos Alberto Suástegui Villanueva multiple times.

Police linked Villanueva to drug trafficking and extortion networks across Ecuador. Two teenagers face charges in connection with the killing.

Gang violence continues ravaging Ecuador, turning it into one of Latin America's most dangerous nations. Criminal organizations now control prisons and wage turf wars in major cities.

A former UK Border Force officer has been convicted of spying for China against Hong Kong activists living in Britain. Chi Leung "Peter" Wai received 10 years in prison for misusing Home Office databases.

His handler, Chung Biu "Bill" Yuen, drew an eight-year sentence. Authorities say the operation targeted pro-democracy figures on behalf of Beijing's intelligence services.

British officials described it as a covert campaign linked to Hong Kong authorities and China's government. China has rejected these allegations as baseless.

SpaceX shares tumbled more than 6 percent as initial enthusiasm from its market debut cooled off. Elon Musk's company briefly ranked among the world's five most valuable businesses.

Trading volume has slowed considerably after the frenzied opening week. Still, SpaceX maintains a valuation above $2.5 trillion, well above its IPO price.

Investors remain convinced about the company's prospects in space and artificial intelligence sectors. Analysts expect volatility to ease as markets adjust to SpaceX's new status.

Ukraine launched another drone strike on a Moscow oil refinery in southeast Russia. Massive fires erupted, sending dark smoke billowing across the capital.

Kyiv aims to cripple Russia's energy industry and cut funding for the war effort. Hitting targets near the Kremlin sends a message that conflict now reaches Russia's heartland.

At least 35 people died in a major assault on Niger's primary airport. Armed fighters attacked the facility in a coordinated operation.

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