Lookonchain APP

App Store

Trump Urges Quick Release and Settlement Signal, US-Iran Communication Stuck in 'Human Courier' Delay for Talks

1 hours ago

WASHINGTON, June 12 (Reuters) — The United States and Iran remain at odds over progress toward a potential agreement, even as U.S. President Donald Trump has repeatedly claimed the deal is “near completion” and could be finalized as early as this weekend. Iran, however, responded via Fars News Agency that the final text has not yet won approval from its top leadership. Sources familiar with the negotiations told reporters the communication between the two nations has grown highly indirect. Security concerns for Iran’s highest leadership and existing communication restrictions mean negotiation updates must be routed through third countries before being delivered to Tehran’s underground decision-making level via human couriers—a full process that can take up to several days. U.S. proposals typically first reach Iran through intermediaries like Pakistan, then move to Tehran’s core decision-makers via non-digital means. This round-trip exchange takes 3 to 5 days, diplomats noted, creating significant delays even when talks are moving smoothly. U.S. Secretary of State Mike Pompeo has publicly acknowledged this days-long feedback lag is a major obstacle to advancing negotiations. Currently, the two sides are only focused on core ceasefire and basic framework arrangements, leaving complex issues including sanctions relief, nuclear program terms, and asset arrangements for later phases. Analysts warn executing this phased plan without in-person negotiations poses far greater challenges. Former U.S. Middle East negotiator Aaron David Miller pointed out that complex agreements require weeks of intensive face-to-face talks, and the current indirect format cannot support the detailed technical terms needed to finalize such a deal. Complicating efficiency further: Iran has sharply cut back on digital communication for security reasons to avoid tracking, a move analysts say is worsening delays. Some experts believe this low-frequency communication is a deliberate tactic by Tehran to slow negotiations and gain extra strategic space. While limited indirect channels remain open—including back-and-forth exchanges between White House envoys and Iran’s foreign minister—overall progress still relies heavily on third-party mediation and non-real-time information sharing, rather than direct bilateral dialogue. Multiple diplomatic sources add that the timeline for a deal ultimately depends on the effectiveness of intermediaries and the political calculations of both sides, not the pace of direct talks.
Relevant content

Musk to Retain Absolute Control of SpaceX, Holding 82.4% Voting Power Post-IPO

June 12 — Even though Elon Musk sold part of his SpaceX stake through the company’s initial public offering (IPO), he hasn’t given up control of the space firm. Per SpaceX’s prospectus, post-IPO, Musk will hold 82.4% of total voting power, retaining absolute authority over the company’s major decisions. SpaceX uses a dual-class stock structure: Class B shares come with 10 votes each, while Class A shares only have one vote apiece. Musk will keep the vast majority of these super-voting Class B shares after going public, letting him hold overwhelming control over board elections, mergers and acquisitions (M&A), and other key corporate calls. Unlike many tech companies where control usually becomes more dispersed after an IPO, SpaceX will stay a public entity firmly controlled by Musk.

4 minutes ago

SpaceX IPO Could Create 400 Millionaire Employees

June 12, via Fortune: SpaceX is on track to close the largest IPO in history, a milestone poised to generate an unprecedented wealth effect—benefiting not only its billionaire founder but also thousands of employees and investors. The biggest gains will flow to top executives and early insiders. SpaceX COO Gwynne Shotwell and CFO Bret Johnsen each hold stakes expected to be worth more than $1 billion. For Antonio Gracias, a SpaceX director and founder of Valor Equity Partners, his shares could eventually be valued at around $65 billion. Another director, Luke Nosek, stands to hold roughly $5 billion in SpaceX stock. Wealth creation isn’t limited to the executive level, though. According to analysis from Hill, a San Francisco-based investment platform, approximately 400 current and former SpaceX employees hold shares worth over $100 million each. That means SpaceX’s IPO won’t just create a new generation of tech billionaires—it’s also on track to be one of the largest employee wealth-

4 minutes ago

European Stocks Open Higher, Germany's DAX30 Index Up 1.4%

June 12 Flash: According to Bitget market data, European stock indices opened higher, with Germany’s DAX30 up 1.4%, France’s CAC40 gaining 1.3%, Euro Stoxx 50 advancing 1.38%, and the UK’s FTSE 100 climbing 0.6%.

4 minutes ago

Wall Street Banks to Limit Hedge Funds' Long Leverage on Asian Chip Stocks like SK Hynix and Samsung

June 12 — Global banks are clamping down on hedge funds’ leverage-fueled bets on top Asian chipmakers including SK Hynix and Samsung Electronics, Bloomberg reported, citing sources, amid concerns of a potential pullback following this year’s sharp sector rally. Brokerages like Citigroup, JPMorgan Chase, and Goldman Sachs have hiked financing costs for hedge funds trading SK Hynix and Samsung Electronics stocks via derivatives, sources said. Lenders are also tightening new trade limits and narrowing eligible counterparties: some firms have outright rejected requests for new derivative positions, while others review such asks on a case-by-case basis. Similar restrictions apply to Taiwan Semiconductor Manufacturing Co. (TSMC). Bitget market data shows SK Hynix dipped nearly 7% from its intraday high during the session, while Samsung Electronics fell 4.5% below its intra-day peak.

4 minutes ago

The world's first "trillionaire" on the horizon? Elon Musk's personal stake in SpaceX is about 42%

June 12: Elon Musk may become the first person in history to reach a $1 trillion net worth, as SpaceX is set to go public on the Nasdaq today. A May 20 S-1 registration statement filed with the SEC reveals Musk held a roughly 42% personal stake in SpaceX ahead of its IPO—an ownership share that will dilute to about 40.5% post-listing. Forbes currently estimates Musk’s net worth at $982.6 billion. In separate revisions to SpaceX’s registration filings last week, the company noted Musk’s total 6.4 billion share holding—including both Class A and Class B shares—will be locked up for 366 days, barring him from selling any of those shares during that period. Other SpaceX executives, however, can begin selling their holdings earlier under a phased unlocking arrangement.

4 minutes ago

Pre-IPO Bull vs Bear Debate on SpaceX: Morning Star and the "Valuation Godfather" Deem It Overpriced, While Long-Term Narrative Enjoys Market Optimism

June 12: SpaceX priced its IPO at $135, valuing the company at roughly $1.77 trillion. Below is how top analysts and institutions are weighing in on its post-listing performance, in line with American financial media tone: Morningstar analyst Nicholas Owens pegs SpaceX’s fair value at around $780 billion—more than 55% below its $1.77 trillion IPO valuation. He calls the stock overvalued for the near to mid-term, noting the early opening could see a brief rally due to low liquidity and its upcoming inclusion in indexes like the Nasdaq 100. Still, Owens advises investors to skip buying at the high opening price, wait for the hype to cool, and enter at a lower point for more attractive long-term returns. NYU professor and valuation guru Aswath Damodaran puts SpaceX’s equity value at $1.25 to $1.3 trillion—well below its IPO price. He says current pricing is way too high; he’s not buying, nor shorting, but forecasts a big post-listing pullback like Facebook or Uber (which both droppe

4 minutes ago