AGP Executive Report
Last update: 7 hours agoSpace & AI Markets: SpaceX set its IPO price at $135 per share, aiming to raise about $75B and value the company at ~$1.77T—potentially making Elon Musk the world’s first trillionaire; the filing also shows Musk would hold 82.4% of voting power via dual-class shares. Energy & Infrastructure: UN researchers warn AI-driven data centres could nearly double electricity use by 2030 and consume far more water, with AI expected to account for about 40% of data-centre power demand. Saudi Project Pipeline: McDermott won an Aramco long-term project management consultancy deal, teaming with Saudi firm SLFE for engineering and pre-FEED/FEED work across energy and low-carbon projects. Power Contracts: KEPCO secured Saudi Aramco-related work for the Jafurah combined-cycle power plant phase 2, with the project set to supply power and steam for 17 years. Aviation Links: Air India and Riyadh Air signed an MoU for a codeshare and interline partnership, targeting smoother travel between India and Saudi Arabia via their hubs. Regional Tech & Travel: dnata Travel appointed a new VP for corporate travel in Dubai, expanding tech-led duty-of-care and booking capabilities across the GCC.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.