Top story for the morning: the US and Iran have conducted a large-scale exchange of strikes, SpaceX is being sued

The U.S. and Iran conducted one of the largest exchanges of strikes since April, when the two countries agreed to a cease-fire. OpenAI is negotiating the lease of a data center under construction in Ohio - one of the most powerful AI infrastructure projects in the world worth more than $500 billion. SpaceX and xAI are facing a new lawsuit ahead of Elon Musk's IPO. On these and other topics - in our review of key events by the morning of June 10.

Iran has launched missile strikes against a number of Persian Gulf countries after the US attacked Iranian targets in response to an incident involving the shooting down of a US Apache helicopter near the Strait of Hormuz, CNBC writes. It is one of the largest escalations in the conflict since the two countries agreed to a ceasefire in April, Reuters notes. Jordan reported intercepting five Iranian missiles, while Bahrain and Kuwait put air defense systems on alert to repel air threats.

According to the U.S. Central Command, U.S. forces struck Iran's air defense facilities, control points and radar stations near the Strait of Hormuz. The new escalation threatens the already fragile truce, while Donald Trump said the day before that the parties were one step away from reaching an agreement on Iran's nuclear program and opening navigation through the strait, the channel said.

Brent crude oil prices jumped about 0.8% on this background, but then lost the growth and traded at $92 per barrel.

Shares of server maker Super Micro Computer collapsed 9% in the aftermarket after it announced plans to raise $7 billion through a stock offering, CNBC writes. The company intends to conduct a $5 billion guaranteed placement and a program to sell shares in the market for another $2 billion to fund component purchases amid soaring demand for AI infrastructure.

Supermicro also said it has received orders for $39 billion worth of AI servers from more than 20 customers in recent weeks.

OpenAI is in advanced negotiations to lease a 10 GW data center under construction on federal land in Ohio, The Information has learned. The project, which is being developed by SB Energy, an energy company controlled by Japan's SoftBank, could become OpenAI's largest infrastructure commitment, the newspaper notes: the construction cost is estimated at more than $500 billion, and the first 800 MW phase could be operational in 2028.

Under the scheme under discussion, OpenAI will become a long-term tenant of the facility and will use equipment from Nvidia, which is also considering providing financial guarantees for the lease and financing of the project. The deal will allow OpenAI to gain more control over computing power against the backdrop of already signed agreements with Microsoft, Amazon and Oracle for hundreds of billions of dollars and the company's preparation for an IPO, the publication points out.

Mississippi residents have filed a class action lawsuit against SpaceX and xAI, which are now part of the same company. The document alleges that the power plant, which provides energy to nearby data centers, creates constant noise and vibrations that negatively affect the health of people and the value of their real estate, writes Reuters. The lawsuit was filed by three residents of the state, but it could spread to more than 10,000 people living near the facility.

The plaintiffs say Elon Musk's companies failed to take sufficient measures to reduce noise levels and created a public nuisance. They are seeking compensation for emotional distress, reduced home values and other damages, as well as recovery of a portion of profits. Earlier xAI has already faced another lawsuit: the NAACP human rights organization accused the company of violating environmental standards in the operation of a power plant and data centers in Mississippi, which cost more than $20 billion to build.

- Japan's broad Topix index fell 1.6 percent, while the Nikkei 225 fell 2.3 percent.

- Hong Kong's Hang Seng Index was down 1.4 percent, while mainland China's CSI 300 Index was down 1.5 percent.

- In South Korea, the Kospi index collapsed 6.5 percent and the Kosdaq fell 3.2 percent.

- Australia's S&P/ASX 200 was little changed.

- S&P 500 futures fell 0.4%, Nasdaq Composite futures lost 0.7% and Dow Jones Industrial Average exchange-traded contracts fell 0.3%.

This article was AI-translated and verified by a human editor