For decades, the world's most valuable companies built their fortunes by selling products used daily by billions of people—smartphones, software, computers, online advertising, or e-commerce services. SpaceX sells none of these. Yet investors have assigned the company a staggering valuation of more than $2 trillion, making it one of the most valuable businesses in the world.
Global financial markets witnessed sharp volatility on Monday after Iran launched multiple missile strikes toward Israel, escalating tensions in West Asia and raising concerns about disruptions to global energy supplies.