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SpaceX IPO and Capital Gains Taxes: What the Record Debut Means for States and the Federal Government

SpaceX’s Record IPO Hands a Capital-Gains Question to Washington and the States

Space Exploration Technologies Corp. (SpaceX) began trading on the Nasdaq on Friday under the ticker SPCX, capping the largest initial public offering on record. Shares priced at $135 the night before, opened at $150 and closed near $161 — a gain of roughly 19% — valuing the rocket-and-satellite company at about $2.1 trillion. The offering raised approximately $75 billion. Beyond...

Tornado Alley Is Shifting East — What It Means for Southeast Homes and Environment

As Tornado Activity Migrates East, the Southeast Confronts a Construction and Land-Use Reckoning

The geographic center of U.S. tornado activity is no longer fixed over the open Plains. Peer-reviewed research has documented a sustained eastward migration of tornado frequency and intensity over the past several decades, moving the zone of greatest risk toward the densely populated, heavily forested states of the Deep South. That shift carries two intertwined consequences for the region’s environment:...

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