Space industry

• Musk says SpaceX report of 2026 IPO is 'accurate' - Elon Musk ally Jared Isaacman looks set to be confirmed as the new NASA administrator after President Donald Trump renominated him for the role.
• ‘Greetings, earthlings’: Nvidia-backed Starcloud trains first AI model in space as orbital data center race heats up - The company's Starcloud-1 satellite is running Gemma, an open model from Google, marking the first time in history that an LLM has been trained in outer space.
• Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake - The French satellite group has seen its stock fall following a steep hike in March.