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Elon Musks SpaceX is reportedly weighing a share of insider shares that would value the rocket company at approximately $350 billion, according to a report.

The tender offer in which employees and early investors are allowed to sell shares at a specific time and price would mark a rapid jump in value for SpaceX.

Musks firm was valued at approximately $210 billion after a previous tender offer that closed in June.

The terms of the tender offer are fluid and could change based on interest from participants, Bloomberg reported, citing people familiar with the matter.

SpaceX did not immediately return a request for comment.

If the $350 billion valuation holds, it would establish SpaceX as the worlds most valuable private firm.

SpaceX is the worlds largest satellite company and is the operator of Starlink, a high-speed internet service designed to serve rural and remote regions that lack traditional infrastructure.

Musks firm has also developed the Starship shuttle as part of the billionaires plans to return astronauts to the moon and eventually to Mars.

Musk emerged as a key adviser and donor for President-elect Trump during his 2024 campaign for the White House. Trump notably attended a Starship test launch in Texas last month.

The budding relationship between Trump and Musk is widely seen as a bullish sign for the billionaires businesses, which include SpaceX, Tesla and the artificial intelligence startup xAI.

Trump has tapped Musk and Vivek Ramaswamy to co-lead the so-called Department of Government Efficiency, or DOGE, which is tasked with slashing the federal budget and unnecessary regulations.

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Betting markets predict bullish 2025 for crypto

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Betting markets predict bullish 2025 for crypto

Prediction markets Kalshi and Polymarket anticipate a slew of wins for crypto in 2025.

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Science

New discovery explains how gold forms in Earth’s volcanic zones!

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New discovery explains how gold forms in Earth's volcanic zones!

A breakthrough discovery by an international team of scientists has highlighted the role of a gold-sulfur complex in the formation of gold deposits on Earth. The study, co-authored by Adam Simon, Professor of Earth and Environmental Sciences at the University of Michigan, was recently . It details the previously unknown conditions under which gold is transported from deep within the Earth’s mantle to the surface.

Role of the Gold-Trisulfur Complex

According to the research, published in the Proceedings of the National Academy of Sciences (2024), a unique gold-trisulfur complex forms under specific pressure and temperature conditions in the mantle, situated 30 to 50 miles beneath active volcanic zones. This complex, which has been debated in scientific circles, plays a significant role in the enrichment of gold in magma that travels to the surface. The findings shed light on why certain subduction zones, where tectonic plates converge, are particularly rich in gold deposits.

Volcanic Activity and Gold Deposits

The study highlights subduction zones around the Pacific Ring of Fire, where volcanic activity is prevalent, as key areas for gold formation. These regions, including locations such as New Zealand, Japan, Alaska, and Chile, provide the ideal geological environment for magma to carry gold from the mantle to surface deposits. The researchers link the processes behind volcanic eruptions to the mechanisms that concentrate gold in these zones.

Scientific Findings and Practical Applications

The researchers developed a thermodynamic model to simulate mantle conditions and confirm the existence of the gold-trisulfur complex. This model not only validates earlier theories about gold-sulfur interactions but also provides a clearer picture of the conditions required for gold-rich mineral systems to form.

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First Perentie Lizards Hatched at Los Angeles Zoo: A Major Breeding Milestone

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First Perentie Lizards Hatched at Los Angeles Zoo: A Major Breeding Milestone

Two perentie lizards, among the largest species of lizards globally, have hatched at the Los Angeles Zoo, marking the first time this species has been bred there. Native to Australia, these carnivorous reptiles are known for their impressive size, often exceeding 8 feet in length and weighing over 40 pounds. The zoo, which is one of the few facilities outside Australia to successfully breed them, is now home to the newly hatched pair, who are being carefully monitored in a controlled environment.

First Breeding Success Highlighted by Experts

According to reports from usnews.com, the perentie lizards were bred and hatched for the first time in the facility’s history. Byron Wusstig, curator at the Los Angeles Zoo, shared with the Associated Press that achieving this milestone is a significant accomplishment for the team. These lizards, classified as Varanus giganteus, are rarely seen in zoos outside their native Australia, despite not being endangered.

Special Care for Hatchlings in Early Stages

Reports confirm that the hatchlings are thriving under close observation by the zoo’s staff. They are being kept off-exhibit in a specially managed setting to ensure their health during these crucial initial months. The lizards will eventually join the Australia section of the zoo, near the Komodo dragon habitat, where the father is currently on display.

This species is characterised by its distinct brown skin adorned with cream or yellow markings. Their diet, as stated in reports, includes turtle eggs, insects, birds, small mammals, marsupials, and other reptiles, all of which are consumed whole. As per zoo officials, this breeding success highlights the capabilities of the institution in conserving and caring for unique species, contributing to the understanding of their behaviour and needs in captivity.

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