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The company could seek a valuation exceeding $1.75 trillion, which would make it one of the largest IPOs ever. This target demands a massive leap in the company's underlying profit flow. The core financial benchmark is stark. The proposed valuation implies a market cap multiple of roughly 220 times SpaceX's recent $8 billion in EBITDA. That multiple is not a reflection of current earnings but a bet on future, hyper-sustainable growth.
Ivory Coast has resumed cocoa sales for the 2025/26 season after the Coffee and Cocoa Council adjusted its pricing structure, resolving a prolonged standoff with international buyers over uncompetitive farmgate prices amid a 50% drop in global cocoa prices.
Diageo announced a significant reduction in its interim dividend to 20 cents per share, down from 40.5 cents a year earlier, as part of a strategic shift to strengthen its balance sheet and address declining sales performance.