Bloomberg Business

Intelsat Invests in Lower Orbits as Musk’s SpaceX Upends Sector

Intelsat SA, the world’s biggest geostationary satellite operator, is making a series of bets on companies that focus on handsets and lower orbits as the older industry players are trying to keep up with upstarts like Elon Musk’s Space Exploration Technologies Corp.

Arm Considers Raising IPO Price Range

Arm Holdings Ltd. is considering raising the price range of its initial public offering after meeting investors for what would be the world’s largest listing this year, according to people familiar with the matter.

Hong Kong Evacuates Residents From Luxury Home After Landslide

Hong Kong authorities evacuated some residents from a luxury residential complex after record rains caused a landslide. They are also investigating the possibility of illegal structures and occupation of government land at the property.

Australia Cost Concerns Drain PM’s Support Before Referendum

Australian voter dissatisfaction with Prime Minister Anthony Albanese’s performance is growing and support for his signature Indigenous Voice to Parliament proposal is declining amid increased frustration over rising living costs.

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