LIVEWorld News LIVE: US jets shot down, rescue mission hit in Iran; Donald Trump reacts as tensions surge, and other top global developments

SpaceX’s IPO could make Elon Musk the world's first trillionaire

Elon Musk's SpaceX is moving closer to a public listing, a step that could make it one of the most valuable companies in the world. The privately held space technology firm has made a confidential filing with the US Securities and Exchange Commission for an initial public offering (IPO), reported BBC. This allows the company to begin regulatory discussions without immediately disclosing detailed financial information. Read the full story here.

Iran shoots down US jet, claims Black Hawk hit during high-risk rescue mission

Tensions between the United States and Iran intensified on Friday after reports emerged that an American fighter jet was shot down over Iranian territory. According to The New York Times, which cited US officials, a US aircraft was brought down, though details about the exact model remain unclear. The condition and whereabouts of the crew are still not fully known. Read the full story here.

‘It’s war’: Trump shrugs off Iran downing US jets, says negotiations won’t stop

US President Donald Trump said the downing of two American fighter jets by Iran would not affect ongoing negotiations, even as tensions between the two countries escalated sharply. Speaking in an interview with NBC News, Trump said, “No, not at all. No, it’s war. We’re in a war,” when asked whether the incident would impact diplomatic efforts. Read the full story here.

Two US warplanes down, choppers hit in 24 hours: What we know so far

Two American fighter planes have been shot down while American helicopters have also been targeted in just a period of 24 hours, leading to an escalation of hostilities in the ongoing conflict between America and Iran. According to information from US officials quoted by Reuters, an F-15E Strike Eagle and another A-10 Warthog aircraft were shot down during the missions conducted as part of the conflict. A search mission for the pilot has been initiated as his whereabouts are yet unknown. Read the full story here.

Which country is best at making fighter jets? Here’s where India stands

The ability to control the skies has become a major measure of power in current world politics. Countries with more powerful and modern technology fighter aircraft stay one step ahead on the battlefield. India recently signed a major deal to purchase 114 Rafale jets from France. But do you know that despite showing its prowess, France is not the world's largest fighter aircraft manufacturer? Read the full story here.