Elon Musk’s SpaceX-Tesla merger math doesn’t add up ...Middle East

Good morning. On Fortune’s radar today:

Elon Musk’s dream merger is a dilutive nightmare for SpaceX shareholders. ING thinks Britain’s Andy Burnham has a secret plan to hold a snap election. Markets: Worldwide selloff as further conflict looms with Iran. Chart: Iran’s attacks in the Strait of Hormuz are as bad as ever. U.S. childcare is so expensive that fewer Americans are using it. OnlyFans wants to offer financial services and maybe stage an IPO.

This story was originally featured on Fortune.com

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