Democratic Underground: Forums for U.S. Liberals and Democrats

SpaceX valued at just $780 billion by Morningstar, less than half its IPO target

SpaceX (SPAX.PVT) just got slapped with a bearish valuation ahead of its monster IPO coming up later this month. The report signals that one of the most anticipated offerings in years may be significantly overpriced, just as CEO Elon Musk tries to justify the valuation. Morningstar initiated coverage of SpaceX with a fair-value estimate of just $780 billion, less than half the roughly $1.8 trillion valuation the company is targeting in its initial public offering. Analyst Nicolas Owens’s disco ...

mahatmakanejeeves

Takeaways from AP-KFF investigation into allegations of medical neglect by detainees in ICE custody

Takeaways from AP-KFF investigation into allegations of medical neglect by detainees in ICE custody By RAE ELLEN BICHELL, CLAIRE GALOFARO, MAIA ROSENFELD, RENUKA RAYASAM, AARON KESSLER, BYRON TAU, ASSOCIATED PRESS and KFF Health News Updated 9:57 AM EDT, June 2, 2026 Leer en espaol An investigation by KFF Health News and The Associated Press has found that hundreds of detainees across at least 33 states allege immigration detention facilities are failing to provide adequate medical care. De ...

riversedge

Acting AG Blanche says Trump administration is nixing 'Anti-Weaponization Fund'

Blanche made the comments during testimony before a House subcommittee. June 2, 2026, 3:41 PM Acting Attorney General Todd Blanche confirmed during testimony before a House subcommittee on Tuesday that the Trump administration is backing down from establishing a $1.8 billion "Anti-Weaponization Fund" to benefit allies of President Donald Trump following heavy pressure from Republican congressional leadership. This is a developing story. Please check back for updates. ...

groundloop

Hegseth blocks promotion of several Navy officers to 1-star rank

Defense Secretary Pete Hegseth blocked the promotions to one-star admirals of several senior Navy officers who had already been selected for promotion by a board of senior Navy admirals, three sources familiar with the move told ABC News. Secretaries of Defense have the authority to intervene in promotion lists for reasons of cause, but it is unusual to see Hegseth now having intervened in both the Army and Navy’s most recent promotions to the one-star rank. The Navy officers removed from the ...

groundloop

Trump's financial ties face scrutiny after moves benefiting allies and family

President Donald Trump tried to create a near $1.8 billion fund that could be funneled to his supporters as a means of settling a lawsuit he filed against his own government — even arguing that he “gave up a lot of money in allowing” it. After drawing outcry in Congress and the courts, however, the White House is reconsidering the fund. That potentially means the suit — and the possibility that the president could still cash in — might be back on. Trump hasn’t been shy about turning the presid ...

Dulcinea

Republican senators want more answers on $1.8 billion settlement fund as Trump considers its future

(AP) Senate Republicans will meet Tuesday to discuss next steps after the Justice Department said it would comply with a court order pausing the implementation of a $1.776 billion settlement fund designed to compensate President Donald Trump’s political allies. GOP senators who revolted against the settlement before leaving for a Memorial Day recess two weeks ago say they want more information from the administration about the future of the fund, which could potentially go to Trump supporters who beat police and attacked the Capitol on Jan. 6, 2021.

Emile

Tuesday is a big primary day. Here are key races to watch.

(NPR) Six states — California, Iowa, Montana, New Jersey, South Dakota and New Mexico — hold elections on Tuesday. Most of the attention is on California and Iowa, where there are competitive primaries for governor. In both states, the Democratic Party also sees a road map to control of Congress in the fall.

OKIsItJustMe

Pentagon press office is now a classified area and off-limits to reporters

(Politico) Journalists are no longer allowed in the Pentagon press office. The office where journalists have long been able to seek information from military officials has been deemed a classified space and off-limits to the press to make room for speechwriters who handle sensitive material, the Defense Department said Monday. "As a result, journalists will no longer be permitted to enter the office space," Joel Valdez, the acting press secretary, said in a statement. "There's nothing controversial about that."

Dulcinea

How Trump has used the presidency to benefit himself and his allies

(AP) President Donald Trump tried to create a near $1.8 billion fund that could be funneled to his supporters as a means of settling a lawsuit he filed against his own government — even arguing that he “gave up a lot of money in allowing” it. After drawing outcry in Congress and the courts, however, the White House is reconsidering the fund. That potentially means the suit — and the possibility that the president could still cash in — might be back on.

KS Toronado

Tuesday's Condensed News Cartoons

Expand Featured Stories

Issue Forums

Alliance Forums

Latest Breaking News

GOP Sen. Dan Sullivan draws an unusual opponent in Alaska's primary -- and he's not happy about it

24 min ago - By BECKY BOHRER and KEVIN FREKING Updated 7:43 PM CDT, June 2, 2026 JUNEAU, Alaska (AP) — Republican U.S. Sen. Dan Sullivan is running for reelection in Alaska and faces a field of 15 competitors. One of them is Dan Sullivan. The senator told re ... (AP)

Rebecca Bennett wins Democratic primary in New Jersey to take on Rep. Tom Kean Jr.

52 min ago - By MIKE CATALINI Updated 9:51 PM CDT, June 2, 2026 BRIDGEWATER, N.J. (AP) — Rebecca Bennett, a former Navy helicopter pilot, won the Democratic primary in a battleground New Jersey congressional district to take on Republican Rep. Tom Kean Jr., ... (AP)

CBS News fires '60 Minutes' correspondent Scott Pelley after clash with new producer

1 hr ago - CBS News has fired veteran “60 Minutes” correspondent Scott Pelley a day after he confronted the show’s new executive producer at a heated staff meeting. “Your antipathy to the future of the show has come through loud and clear. A ... (NBC)

Supreme Court allows Alabama to use GOP-friendly map for midterms, cutting seat held by Black Democrat

1 hr ago - The Supreme Court on Tuesday allowed Alabama to use a congressional map that will benefit Republicans in this year’s midterm elections, permitting the state to ditch one of two House districts represented by a Black member of Congress who is als ... (CNN)

Microsoft Wants to 'Make People Addicted' to its New AI Assistant, Internal Documents Reveal

2 hrs ago - An internal Microsoft strategy document says that the plan for its just-announced “Scout” personal assistant AI is to “make people addicted” to the tool before rolling out additional functionality, 404 Media has learned. “Thr ... (404 Media)

UAW strike against GM axle supplier continues without talks, union official says

2 hrs ago - By Kalea Hall June 2, 2026 10:19 AM CDT Updated 2 hours ago DETROIT, June 2 (Reuters) - Negotiations between a General Motors (GM.N), opens new tab pickup truck axle supplier and the ‌United Auto Workers have not taken place since the union laun ... (Reuters)

'Not normal business': Judge orders Trump officials to explain tariff refund holdup

3 hrs ago - Tens of billions of dollars in tariff refunds have already gone out the door, but the Trump administration and the nation's top trade court are locked in a standoff over issues like the progress of the program and whether future payouts can be limite ... (Yahoo Finance)

Pentagon hires convicted Jan. 6 rioter for sensitive counterterrorism job

3 hrs ago - A convicted Jan. 6 rioter who later said that he regretted his participation in the U.S. Capitol attack has been hired by the Trump administration to work inside a Pentagon office that manages highly classified military operations, according to four ... (Washington Post)

AP exclusive: Under Notre Dame cathedral, a 'dig of the century' unearths 1,700 years of history

4 hrs ago - By THOMAS ADAMSON and JEFFREY SCHAEFFER Updated 8:34 AM CDT, June 2, 2026 Leer en español PARIS (AP) — Wilting in the summer sun, a line of tourists waits to climb Notre Dame cathedral and meet its gargoyles. Four meters (13 feet) beneat ... (AP)

Gold overtakes US Treasuries in global reserve shift: [European Central Bank]

5 hrs ago - Gold overtakes US Treasuries in global reserve shift: ECB The ECB reports that central banks' gold buying and rising prices have outpaced US Treasuries in global reserves. By Canadian Mining Journal Staff June 2, 2026 At 9:28 am Gold has surpassed ... (Canadian Mining Journal)

SpaceX valued at just $780 billion by Morningstar, less than half its IPO target

6 hrs ago - SpaceX (SPAX.PVT) just got slapped with a bearish valuation ahead of its monster IPO coming up later this month. The report signals that one of the most anticipated offerings in years may be significantly overpriced, just as CEO Elon Musk tries to ju ... (finance.yahoo.com)

Trump's financial ties face scrutiny after moves benefiting allies and family

6 hrs ago - President Donald Trump tried to create a near $1.8 billion fund that could be funneled to his supporters as a means of settling a lawsuit he filed against his own government — even arguing that he “gave up a lot of money in allowing” i ... (AP News)

Acting AG Blanche says Trump administration is nixing 'Anti-Weaponization Fund'

6 hrs ago - Blanche made the comments during testimony before a House subcommittee. June 2, 2026, 3:41 PM Acting Attorney General Todd Blanche confirmed during testimony before a House subcommittee on Tuesday that the Trump administration is backing down from es ... (abcnews)

Hegseth blocks promotion of several Navy officers to 1-star rank

7 hrs ago - Defense Secretary Pete Hegseth blocked the promotions to one-star admirals of several senior Navy officers who had already been selected for promotion by a board of senior Navy admirals, three sources familiar with the move told ABC News. Secretarie ... (ABC News)

From festering infections to untreated cancer, ICE detainees across the US describe medical neglect

7 hrs ago - By RAE ELLEN BICHELL, CLAIRE GALOFARO, MAIA ROSENFELD, RENUKA RAYASAM, AARON KESSLER, BYRON TAU, ASSOCIATED PRESS and KFF Health News Updated 8:12 AM CDT, June 2, 2026 Leer en español An Albanian man’s pain grew so unbearable, he said, h ... (AP)

Bahrain spy agency officer is sentenced to life over in-custody death

9 hrs ago - By THE ASSOCIATED PRESS Updated 10:50 AM CDT, June 2, 2026 A court in Bahrain on Tuesday sentenced a member of the Gulf kingdom’s domestic spy agency to life in prison over the in-custody death of a man arrested during the Iran war. Bahrain’ ... (AP)

Takeaways from AP-KFF investigation into allegations of medical neglect by detainees in ICE custody

9 hrs ago - Takeaways from AP-KFF investigation into allegations of medical neglect by detainees in ICE custody By RAE ELLEN BICHELL, CLAIRE GALOFARO, MAIA ROSENFELD, RENUKA RAYASAM, AARON KESSLER, BYRON TAU, ASSOCIATED PRESS and KFF Health News Updated 9:57 AM ... (Associated Press and KFF Health News)

Trump to get audit immunity as $1.8 billion fund in doubt

10 hrs ago - (Bloomberg) -- US officials are continuing with an agreement that bars the government from probing past tax filings from President Donald Trump and his businesses, according to a person familiar with the matter, while a plan to set up an “Anti-W ... (MSN/Bloomberg)

Koch-aligned PAC launches first big Senate ad buy -- and includes Montana

10 hrs ago - Lead Art: Sen. Jon Husted (R-Ohio) speaking during an event in the White House complex this year. | Jacquelyn Martin/AP Koch-aligned PAC launches first big Senate ad buy — and includes Montana The ads come a few weeks after Americans for Prosper ... (Politico)

New Jersey Sues Delaney Hall Operator After It Refuses Full Access to Health Inspectors - New Jersey Office of Attorney

11 hrs ago - TRENTON – Attorney General Jennifer Davenport today filed a lawsuit against The GEO Group, Inc., which operates the Delaney Hall immigration detention center in Newark. The lawsuit requests that the court grant the New Jersey Department of Healt ... (NJOAG Communications)