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SpaceX IPO Soars: Elon Musk Becomes World’s First Trillionaire with Record-Breaking Launch


Elon Musk’s ambitious company, SpaceX, marked a significant milestone with its eagerly awaited entrance into the stock market on Friday morning. This momentous occasion not only propelled Musk to unprecedented financial heights, making him the first individual to achieve a net worth of $1 trillion, but also captured the attention of investors worldwide.

Trading commenced on the Nasdaq with SpaceX shares launching at $150, surpassing the initial public offering (IPO) price of $135 by approximately 11 percent. This debut is poised to become the largest IPO in history, as SpaceX sets its sights on raising a staggering $75 billion. With a valuation soaring to $1.77 trillion, the company is expected to redefine the landscape of both the aerospace and financial sectors.

Updated:

(The Hill) — Elon Musk’s SpaceX made its highly anticipated stock market debut Friday morning, establishing him as the first person to ever be worth $1 trillion.

The spacecraft and satellite communications company began trading on the Nasdaq with shares opening at $150, about 11 percent above the initial public offering (IPO) price of $135. It is expected to be the largest IPO ever, with SpaceX aiming to raise $75 billion at a $1.77 trillion valuation.

“It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever,” Musk said Friday morning from Starbase, Texas. “Let me tell you, if people had told me that this was going to happen, I was like, ‘Man you must be smoking some really good crack because I think this company’s going to fail.’”

The tech mogul, who is currently the world’s richest person, is poised to become the world’s first trillionaire as his company hits the stock market.

It also marks the first in a series of high-profile AI IPOs that are expected this year. Both OpenAI and Anthropic have filed paperwork to go public in recent weeks.

SpaceX, which was initially founded in 2002 as a rocket company, is now considered an AI play after acquiring Musk’s xAI earlier this year. All three companies appear keen to gain access to additional funding on public markets, as they face down the high cost of developing AI.

It’s unclear when OpenAI or Anthropic will join SpaceX in making their stock market debut. OpenAI underscored Monday that it has “not decided on timing yet,” adding it “may be a while because there are things we want to do that are likely easier as a private company.”

Anthropic also noted that its decision to file for an IPO gives it “the option to go public” but its “offering will depend on market conditions and other factors.”

Discover the Smartest Savings Strategies: How Aussies Are Revolutionizing Their Financial Future

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In a week where global politics, financial markets, and economic interests intersected, the world watched closely as significant developments unfolded.

President Donald Trump made headlines by suggesting that peace in the Middle East might be closer than ever. In a surprising turn, he decided to halt planned military strikes, which buoyed stock markets. This decision coincided with a surge in investor enthusiasm for Elon Musk’s much-anticipated SpaceX initial public offering.

Back in Australia, there is growing unease about the economic outlook. This comes as the Reserve Bank of Australia (RBA) gears up for its meeting next week, leaving many to ponder what measures might be taken to address the country’s economic concerns.

Is a peace deal imminent — again?

As geopolitical tensions simmer and economic uncertainties loom, the situation remains unpredictable. Observers worldwide are left to speculate on the implications of these developments.

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Still, as a result of the announcement, the S&P/ASX 200 surged to a five-week high on Friday. In fact, it was the best one-day performance since April.

Matt Wacher, chief investment officer at Jana Investment Advisers, told SBS On The Money that it’s difficult to discern what is an actual signal of a peace deal and what is noise.

However, following a few poor days for the markets, he said Trump’s remarks helped shift sentiment and added to the excitement surrounding SpaceX’s market debut.

SpaceX goes public

This was one of the most-anticipated market debuts in a very, very long time.

Musk’s SpaceX has listed on the Nasdaq and will start trading on Saturday AEST (Friday local time).

The company raised US$75 billion ($106 billion) by selling 555.56 million shares at US$135 ($191) a piece, valuing it at US$1.77 trillion ($2.5 trillion).

That makes it the biggest market debut since Saudi Aramco in 2019 — but is the hype worth it?

Some analysts say it’s overvalued. Morningstar, for example, values the company at US$780 billion ($1.1 billion) overall, or US$63 ($89.4) a share.

There are other concerns, too, including the company’s lack of profitability and the concentration of power. Musk maintains about 40 per cent of SpaceX’s total equity, which gives him more than 84 per cent of the voting power.

While only 4 per cent of the company has been put on the market, many people will get some exposure through super funds that track the US market.

Ultimately, time will tell if SpaceX can justify its sky-high valuation.

Where’s the wisest place for your savings?

According to the Westpac-Melbourne Institute Consumer Sentiment Survey for June, property is losing its appeal.

In fact, just 4.5 per cent of the 1,200 respondents think it is a wise place to invest.

That’s the lowest reading in the survey’s 52-year history and well below the historical average of 24 per cent.

Bank deposits and paying down debt were viewed more favourably.

That’s as overall consumer confidence fell to 80.6. Anything below 100 suggests that pessimists outnumber optimists in their perceptions of the economy and their finances.

The survey is closely watched by the RBA, leaving the board with much to consider at its meeting next week.

So what will happen to interest rates?

The broad expectation is that the board will leave the official cash rate on hold at 4.35 per cent.

In fact, markets say it’s a 100 per cent chance that there will be no change.

That includes the chief economists at the ‘big four’ banks — they all predict the RBA will leave rates on hold for the rest of the year, except Westpac, which is still pricing in two rate hikes this year.

On Friday, ANZ updated its forecast to include two rate cuts in 2027.

The economics of a World Cup

The 2026 FIFA World Cup is officially underway, and it’s hoped the winners will extend beyond the football field.

The tournament is likely to generate $40 billion in economic value, according to Mark Andersen from the Global Asset Allocation team at UBS’ chief investment office.

FIFA and the World Trade Organization say it could also support 800,000 jobs.

But while there are many fans, one of the biggest sticking points is the cost of tickets. Dynamic pricing, which is quite common in America, is demand-based and has resulted in group-stage tickets averaging between US$5,000 ($7,100) and US$6,000 ($8,500).

Younger fans, though, are expected to consume more on social media, with analysts from Bank of America saying regular engagement on those platforms could also translate to commercial value.

The bank says the final match could consume up to 7 per cent of global internet traffic.

You can, of course, watch all 104 matches of the FIFA World Cup 2026™ live, free and exclusive on SBS, SBS VICELAND and SBS On Demand.

That’s this week’s On the Money wrap. Prefer to listen? The On the Money podcast breaks down the latest every weekday. You can tune in here or wherever you get your podcasts.


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Cold Case Breakthrough: Man in Sleeping Bag Found Dead at National Park Identified After Nearly 30 Years

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For almost thirty years, authorities were baffled by the mystery surrounding a man’s remains discovered inside a sleeping bag in a secluded region of Washington. The case has finally been cracked, thanks to breakthroughs in DNA technology.

On June 10, the National Park Service revealed that the skeletal remains belong to Joseph Louis Serrao Jr., a man whose family last had contact with him in 1998. This identification closes a long-standing cold case that has puzzled investigators for decades.

The story began in July 2000 when a researcher stumbled upon the remains in a sleeping bag within the Sol Duc River area of Olympic National Park, known for its remote hiking trails and rugged terrain.

Upon examination, a pathologist from the King County Medical Examiner’s Office concluded that the remains were those of a man between 30 and 50 years old, and his death likely occurred between six months and four years prior to the discovery.

Despite thorough investigations and analysis of the items found at the scene by the Washington State Patrol Crime Laboratory, the absence of usable fingerprints left the identity of the deceased unknown—until now.

No one knew exactly who the man was or what happened to him.

A breakthrough came in 2024 when a forensic anthropologist submitted a DNA sample from the remains to Othram, a company that specializes in forensic genealogy. By 2025, the testing had identified possible family members. 

Relatives from several states participated in interviews and submitted their own DNA, helping to confirm Serrao’s identity. According to family members, Serrao was originally from Hawaii and had been in Washington before he went missing. 

Officials have not publicly revealed Serrao’s cause or manner of death. 

“Investigators never lost sight of the goal of identifying this individual and finding answers for his family,” Debra Flowers, deputy chief of the National Park Service Investigative Services Branch, said in the press release. 

“I’m proud of the persistence and collaboration that made this identification possible,” Flowers added. “And I hope it brings some measure of closure to those who have spent so many years wondering what happened to Joseph.” 

Inside Andrew’s Fiery Emails: The Royal Rift with the King and His Daughters Revealed

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When it comes to making a grand entrance, Princesses Beatrice and Eugenie certainly made a memorable one at Peter Phillips’ wedding in Gloucestershire last Saturday. Their arrival seemed as meticulously planned as the bride’s own walk down the aisle.

Unlike other family members who opted for a discreet drop-off right outside All Saints Church in the village of Kemble, the sisters, accompanied by their devoted husbands, chose to walk along the road, fully in the public eye.

This was a deliberate move to reaffirm their royal stature amidst the ongoing controversies surrounding their parents and the recent scandal revealing that, despite not being active royals, they have been residing rent-free in royal accommodations.

But the mastermind behind this bold display, as the Daily Mail can exclusively disclose, is none other than their father, Andrew Mountbatten-Windsor, who has faced his own share of disgrace.

While Beatrice and Eugenie were reportedly hesitant about attending their cousin’s wedding, it was Andrew—still recovering from both his damaged reputation and a visibly bruised face—who urged them via email from his retreat in rural Norfolk. His message encouraged them not just to attend but to do so with confidence and dignity.

For there are worrying signs that despite being reduced to the rank of commoner, the former duke is very much clinging on to ideas above his much-reduced station and is now pushing his daughters to fight to keep their own grand titles and prop up what is left of the House of York.

More, later, of a jaw-dropping speech he gave his staff, telling them that despite being stripped of his titles, he would ‘damn well’ continue to be called by his ‘correct titles’ in his own house – until they ‘send a vampire to suck out every drop of royal blood in my veins’.

Increasingly furious at what he sees as his brother the King’s heavy handedness, Andrew is girding his loins for a right royal battle, one which now risks turning very ugly indeed.

Princesses Beatrice and Eugenie arrive at their cousin Peter Phillips' wedding with their respective husbands Edoardo Mapelli Mozzi and Jack Brooksbank

Princesses Beatrice and Eugenie arrive at their cousin Peter Phillips’ wedding with their respective husbands Edoardo Mapelli Mozzi and Jack Brooksbank

Andrew Mountbatten-Windsor believes he has been made into a scapegoat, according to royal sources

Andrew Mountbatten-Windsor believes he has been made into a scapegoat, according to royal sources

According to the Daily Mail’s well-placed royal source: ‘Andrew has hardened considerably of late and believes he has been used as a scapegoat. He believes that the King has exceeded his authority and acted beyond his powers. He is beginning to fight back.’

As well as chasing hundreds of thousands of pounds from the Crown Estate after his lease at Royal Lodge in Windsor was cut short by his eviction in February, Andrew is also demanding a payout for his ex-wife, Sarah Ferguson, who was also thrown out and has since left the country.

While demands for face-to-face meetings with King Charles have been quietly ignored rather than refused, Andrew’s main point of contact is Lord Benyon, the Lord Chamberlain, who acts as the brothers’ go-between and has been to visit the former prince at Marsh Farm cottage, his new abode on the Sandringham Estate.

The King, meanwhile, did not so much as put his head around his brother’s door when he was in residence at Sandringham last month – evidence, if any more were needed, of just how much a thorn in his side his feckless brother has become.

According to the source: ‘Camilla in particular believes that the King would soften his stance towards Andrew if the two met up. His Majesty dislikes conflict and prefers to bury his head in the sand whilst others do the dirty work.’

Indeed, at Peter Phillips’ wedding, it was the ever-dutiful Prince of Wales who was tasked with greeting his beleaguered cousins with a kiss on the cheek. By the time the sisters arrived, the King and Queen were safely ensconced in a pew inside the church and therefore able to avoid any awkward public encounter with the pair.

After the marriage service ended Their Majesties were whisked away by helicopter to attend the Epsom Derby in their capacity as joint patrons of The Jockey Club, leaving the sisters no opportunity to cosy up to their uncle and smooth over recent troublesome events.

According to the source: ‘Beatrice and Eugenie’s hopes to lobby the King were dashed’ by this rapid exit.

One source claims: ‘Camilla in particular believes that the King would soften his stance towards Andrew if the two met up‘

One source claims: ‘Camilla in particular believes that the King would soften his stance towards Andrew if the two met up‘

The princesses have been under growing pressure in recent months, not just because of revelations about their own links to their parents’ friend and associate, the late billionaire paedophile Jeffrey Epstein, but because of concerns about the sources of their own incomes amid multiple trips to their father’s murky old stamping grounds in the Gulf States.

Further fuel was added to the fire last week when it emerged that the pair, who are not working royals and have vast family homes, have been enjoying rent-free London bolt holes at the expense of the King.

Beatrice, 37, who shares a £3.5million farmhouse in Oxfordshire with her 42-year-old husband Edo Mapelli Mozzi and their two daughters, has an apartment in St James’s Palace. Eugenie, 36, who is expecting her third child, lives in a £3.6million ocean-side home in Portugal with her husband Jack Brooksbank and two sons, but has the run of Ivy Cottage in the grounds of Kensington Palace.

In fact, as the Daily Mail has exclusively discovered, the King is not at all happy about this arrangement, which was put in place by the late Queen before she died, and has made efforts to move the pair on. Last year, Palace officials wrote to the princesses indicating that current ‘dwelling arrangements’ at royal residences were ‘to be reviewed’ and diplomatically suggested that they ‘might consider making alternative arrangements’ for central London lodgings.

According to the Daily Mail’s royal source: ‘They seem to have done nothing, prompting a follow-up letter in April.

‘The King has delegated the matter to officials to avoid getting his hands dirty and having to have awkward conversations with them.’

Beatrice, it is said, is ‘a particular issue’ as she stands in the way of plans to extend commercial lets at St James’s Palace. She has a relatively secluded apartment in what is a very open-plan palace and doesn’t want to move,’ says the source.

‘Anne, the last working royal living there, is unfussed by the opening up and is happy to remain there or move to an apartment elsewhere – whatever is best for the King.’

Eugenie’s grace-and-favour Kensington Palace home is equally problematic given that it is situated in a secure area and therefore not really suitable for the open market.

‘She is known to be very fond of it,’ says the Daily Mail’s royal source. ‘She really doesn’t want to go although the option of paying the rent herself, with the amount made public, has been put on the table. William would prefer that a clean break is made and that she move out of the royal gated community.’

Amid suggestions from some quarters that the entire House of York be removed from the line of succession, the princesses are seen by many to be walking a tightrope.

Last month, the King gave a clear indication of support for his nieces when he asked officials to make a formal announcement about Eugenie’s third pregnancy, saying that he – tellingly, there was no mention of Queen Camilla – was ‘delighted’ with the news.

But barely three weeks later, Eugenie, I am told, promptly blotted her copybook, when she attended a promotional event in London for Discovery Dunes, an ultra-luxury Dubai-based golfing and real-estate development, exactly the kind of project that her father, whose love of golf, money and the UAE apparently had no bounds, would have once become involved with.

Her husband, Jack Brooksbank, is involved in the project but, as the Daily Mail’s royal source put it to me: ‘Seeing Eugenie following in her father’s footsteps, and in a high-profile way so soon after the King publicly put a metaphorical arm around her shoulder by organising a Palace announcement of her pregnancy, has jarred.’

As the Daily Mail has previously reported, there is concern at the Palace that Andrew and his business friends have in the past acted as Beatrice and Eugenie’s financial advisers.

The sisters are said to have resisted a call from the Prince of Wales to allow an ‘ethics’ check on their finances and also to have turned down an offer of help from the King to provide the services of one of his senior advisers to ensure that his nieces’ reputations are not tainted by the sins of their avaricious parents.

Speaking of whom, Andrew Mountbatten-Windsor, as last week’s National Audit Office report on the royals’ residential property arrangements makes clear, still retains the lease on 30-room Royal Lodge and could be entitled to a compensation payment of £301,967.66 given that it doesn’t expire until October 30, 2026.

That eye-watering amount could be adjusted down depending on ‘dilapidation costs’ which have not yet been assessed. Royal Lodge was said to be in a poor state of repair by the time the erstwhile duke was whisked off to Norfolk.

The Daily Mail has now learnt that Andrew falsely believed the unexpired lease would protect him and ignored warnings that the King’s men were on their way to ‘move’ him to Sandringham under cover of darkness.

According to my royal source, he sat firm, confident that no one would dare to remove him by force, while Sarah Ferguson, now lying low at a private Austrian ski chalet, did an instant flit.

‘Andrew didn’t go quietly and some light force was employed,’ says the source of that bleak winter night in early February.

This week, Andrew was lying low at his new home, four-bedroom Marsh Farm Cottage in Sandringham where he spends much of his time in his bedroom, watching the new flat screen TV he has recently had installed there.

He has been keeping out of sight ever since he was spotted last week sporting a vast bruise across his cheek while driving to take one of his dogs for a walk. So what did cause that nasty contusion on his face? Could it be that he tripped over an item of bulky furniture brought from spacious Royal Lodge and crammed into the smaller rooms at Marsh Farm?

Or is it, as some sources indicated last week, the result of a ‘non-serious medical condition’?

It’s not the first time the ex-prince has been seen sporting a shiner. In June 2017, he turned up to the Knightsbridge funeral of Countess Mountbatten of Burma with a bruise under his right eye which was also never explained.

If Andrew has had something of a rough ride in recent weeks then he remains bloodied but unbowed – still clinging on to his unwavering belief in his status, no matter what the King does.

Not least, I can reveal, he is still insisting on being addressed by his staff – all three of them – as ‘Sir’ and referred to as ‘The Duke’.

Few will forget the expletive-laden rant he delivered last October from the top of the staircase at Royal Lodge where he reminded his lackeys that despite being stripped of his titles, they’d better not forget he was still the son, brother and uncle of monarchs and the father of princesses, a man related to the thrones of Greece and Denmark through his father.

His black-and-blue face will probably have healed by the time of his next appearance in public, by video link, which is likely to be at Westminster Magistrates’ Court on July 29. He is due to give evidence against a man accused of threatening him near his Norfolk home last month and will be forced to endure the indignity of being addressed as plain old Mr Mountbatten-Windsor.

Alex Jenkinson, 39, of no fixed address, is charged with two counts of using threatening, abusive or insulting words or behaviour to harass someone or cause alarm or distress. He denies the allegations but did plead guilty to failing to provide a specimen of blood while being held in custody.

Andrew is also facing a new allegation of inappropriate behaviour towards a waitress working at Royal Ascot in 2002, the year of the late Queen’s Golden Jubilee. Thames Valley police sources have said that their investigation into him is wider than many previously realised and also covers sexual misconduct.

He was arrested on his 66th birthday in February and questioned under criminal caution on suspicion of misconduct in public office, related to his role as a British trade envoy. He denies any wrongdoing.

If exile in Norfolk is somewhat dull, at least he is better off than some of his ill-fated forbears.

Marsh Farm cottage is infinitely more cosy than the Tower of London. He recently had a second flat screen TV delivered to his country pad and installed in his bedroom where he reportedly spends much of his time.

One can only wonder if he will be tuning in to watch today’s Trooping the Colour, recalling happier days when, as honorary Colonel of the Grenadier Guards, he rode directly alongside his mother, the late Queen, during the grand annual parade.

His last Trooping the Colour appearance was in 2019. He stepped back from public life in November that year at the start of what has proved to be a seemingly unending fall from grace.

It is one which, by all accounts, is not over yet.

Progressive Outcry Over White House UFC Event Highlights Underlying Concerns

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Last week presented a unique opportunity when I found myself at a dinner in the enchanting setting of the White House Rose Garden. Amidst the evening’s guests, White House Deputy Chief of Staff Dan Scavino pointed beyond us to the impressive dome that was taking shape over the South Lawn.

“Next week’s UFC event here, that’s pretty awesome,” he quipped, referencing the upcoming spectacle set to honor both the nation’s 250th birthday and President Donald Trump’s 80th birthday.

With a playful tone, Scavino added, “He’s considering keeping it. I’m sure that won’t cause any controversy.” His comment was met with laughter from those around him.

Yet, beyond the laughter within the garden’s confines, the atmosphere outside the White House was far from calm, with tensions already simmering.

Outside the White House, though, plenty of hair was already on fire.

Hillary Clinton raged on X, “This is what Trump’s done to the People’s House: a third of it is rubble, another third is a cage match. What a metaphor.”  

“What’s next? Cockfighting? Dogfighting?” spluttered Rep. Don Beyer (D-Va.). “It’s such a sacrilege to the White House and to our nation’s capital.”

A leftist nonprofit even filed a lawsuit to block the proceedings, characterizing them as “fundamentally” a “corrupt use of our most sacred national monuments.” 

As I sat there that evening, surrounded by centuries of American history, I couldn’t help but contemplate the striking contrast.

The White House on one side; an octagon on the other.

To many in the political and cultural establishment, it apparently feels like an invasion.

To me, it felt uniquely American.

This controversy isn’t about mixed martial arts, but about who gets to decide what counts as American culture.

Notice that few critics are debating security, logistics or cost.

Their real objection is something else entirely — taste, and who gets to define it.

For decades, a relatively small group of gatekeepers decided what counted as respectable and acceptable in American culture.

They chose the celebrities and the entertainers.

They chose which athletes deserved admiration, and which should be dismissed as unworthy of serious attention.

And they determined whose tastes mattered: theirs.

For much of the 20th century, that system worked — enforced by three TV networks, a handful of newspapers and a smattering of Hollywood studios and record labels.

But now the audience has seized the remote control.

A podcaster today can command a larger audience than a network anchor.

A UFC champion can have greater cultural reach than a movie star.

We’re getting information, entertainment and inspiration from sources the traditional gatekeepers neither control nor fully understand.

President Trump recognized the shift long before most politicians did.

While others sought validation from Hollywood and established institutions, Trump built relationships with entrepreneurs, athletes, podcasters and personalities who speak directly to millions of Americans.

The result is that many Americans look at a UFC fight card on the White House lawn and think, “That sounds like fun.”

The cultural establishment looks at the same event and sees a crisis.

That disconnect tells us far more about the establishment than it does about the UFC.

After all, presidents have long blended politics with popular culture.

John F. Kennedy had Marilyn Monroe sing him a birthday song.

Ronald Reagan celebrated with Frank Sinatra.

Barack Obama’s White House invited performers from Aretha Franklin to Kendrick Lamar to the cast of “Hamilton” in to serenade him.

One of the most famous photographs in presidential history isn’t of a summit or a treaty signing: It’s Richard Nixon shaking hands with Elvis Presley in the Oval Office.

At the time, many considered the pairing unusual —  yet no one suggested their meeting put the republic in danger.

The difference isn’t the spectacle, but the audience.

Those now objecting so vociferously were perfectly comfortable when America’s cultural institutions reflected their preferences and values.

What unsettles them is realizing that millions of Americans no longer take their edicts into account.

That’s why this event feels to them so threatening: Not because it’s unprecedented or inappropriate, but because it’s popular.

They’ve found themselves shut out of a culture they no longer understand, and all they can think to do is vainly demand that everyone else return to their rules.

For weeks, critics have treated the UFC’s arrival in Washington as though barbarians were gathering at the gates.

But perhaps they have it backward.

The fighters aren’t the invaders besieging the citadel.

Neither are the fans who follow them, or the millions of Americans who will tune in to enjoy the show.

It’s the elites who still believe they get to decide what counts as culture that are on the outside, looking in.

Alan Rechtschaffen is a trustee of the Wilson Center and author of “Capital Markets, Derivatives and the Law.”

Virginia Man Admits to Wife’s Murder in Washington County Courtroom


In Washington County, Virginia, a man has admitted to the second-degree murder of his wife, as confirmed by Commonwealth’s Attorney Joshua Cumbow. The plea pertains to an incident that took place earlier this year.

On Monday, Cumbow issued a press release revealing that Albert Esposito has confessed to second-degree murder, alongside charges related to the use of a firearm during the commission of a felony.

Former Business Associate Alleges Menendez Brothers Sought $20M Insurance Payout Following Parents’ Murders

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Three decades have passed since Lyle and Erik Menendez were found guilty of killing their parents, Jose and Kitty Menendez. Yet, questions linger about the motivations behind their actions, even from those closely associated with the family.

In his memoir, “Karmic Winds: Reflections from the ‘Smartest Guy in Hollywood,’” Peter M. Hoffman reflects on his rise within the entertainment sector. As the former president and CEO of Carolco Pictures, Hoffman played a pivotal role in creating blockbusters like “Terminator 2: Judgment Day,” “Basic Instinct,” and the “Rambo” series.

Hoffman’s career later took a dramatic turn when he served time in federal prison for his involvement in a Louisiana film tax credit fraud case—a conviction he continues to dispute. His life and trials were dramatized in Netflix’s series, “Monsters: The Lyle and Erik Menendez Story.”

Erik and Lyle Menendez currently remain incarcerated at the Richard J. Donovan Correctional Facility in San Diego County. (Photo by Ted Soqui/Sygma via Getty Images)

“To me, the devil came to Los Angeles in 1989,” Hoffman told News Media. “Nobody came out unaffected by this terrible act.”

Hoffman met Jose when the no-nonsense patriarch was an executive at RCA, which brought the boy band Menudo to English-speaking audiences. Years later, the group helped catapult Ricky Martin to global fame.

Menudo posing for a photo circa 1984

Menudo poses for a photo circa 1984. (Lester Cohen/Getty Images)

By the time Jose left RCA, Hoffman was running Carolco Pictures and looking for someone to lead the studio’s video business. At the recommendation of entertainment attorney John Mason, he hired Jose. They worked closely together from 1986 until Jose’s murder.

“Jose was one tough character,” Hoffman admitted. “He was very focused on his Cuban ancestry, very conservative. He had bought a house in Florida and was expecting to go back to Florida and run for the Senate. He had big dreams. He wanted to make a lot of money and then have a life in politics. That was his goal.”

Lyle and Erik Menendez leaving a courtroom in Santa Monica California

Lyle and Erik Menendez leave a courtroom in Santa Monica on Aug. 6, 1990. (Nick Ut/AP Photo)

“He could be difficult because he had his way of doing everything, and he felt like he knew better than everybody,” Hoffman shared. “It wasn’t always an easy ride. But I also had a high opinion of Jose and all his dealings. And of course, we didn’t really know about all the problems he had with his family until after the horrible murders.”

Looking back, Hoffman believes there were early signs of trouble.

Jose Menendez and Peter Hoffman in matching dark suits at a business conference smiling.

Jose Menendez (left) and Peter Hoffman (right) are seen here at an investor conference in 1988. (Courtesy of Peter Hoffman)

“I got a call sometime in 1988,” Hoffman recalled. “It was Jose. He said, ‘I need to draw a couple of million dollars out of my deferred comp plan. I want to move from Calabasas to Beverly Hills so I can be closer to the office.’ I just said, ‘That’s all right with me.’ That’s when he bought the house on Elm Drive.”

“It turned out he hadn’t been completely honest with me,” said Hoffman.

Erik Menendez and his brother Lyle Menendez sitting together in Beverly Hills

Erik Menendez (center) and his brother Lyle Menendez are pictured in Beverly Hills on Aug. 12, 1991 in court. (Mike Nelson/AFP via Getty Images)

“The real reason he had to do that was that Erik and Lyle had been caught breaking into their friends’ houses and stealing things,” he said. “They had been caught by the police. Jose had to pay everybody off and get the hell out of dodge.”

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Book cover for Karmic Winds by Peter M. Hoffman

“Karmic Winds: Reflections from the ‘Smartest Guy in Hollywood’” by Peter M. Hoffman will hit bookstores on (Rare Bird Books)

On Aug. 20, 1989, Jose and his wife were gunned down with shotguns inside their home. Their sons called 911 and said their parents were killed by intruders.

“I remember waking up the next morning, and I got a call,” said Hoffman. “It was grotesque. You have to understand that at the time, nobody knew it was the kids. The immediate suspicion was on Mario Kassar, chairman of Carolco Pictures, and me, that we were somehow behind this. All of a sudden, the suspicion is somehow this murder is connected to those bad guys at Carolco.”

Mario Kasser standing on a boat in Cannes.

Mario Kasser, managing director of Carolco Pictures, enjoys the weather on a boat in Cannes during the 43rd Film Festival. (Micheline Pelletier/Sygma via Getty Images)

In the months following the murders, Lyle and Erik Menendez were not initially considered prime suspects. Instead, speculation centered on the possibility of a mob-style hit, fueled by Jose’s connections in the entertainment industry and the execution-style nature of the killings. Rumors circulated that he had made enemies through business dealings, though investigators found no evidence linking him to organized crime.

Javier Bardem as Jose Menendez and Nicholas Chavez as Lyle Menendez in a scene from Monsters: The Lyle And Erik Menendez Story.

Javier Bardem portrayed Jose Menendez and Nicholas Chavez played Lyle Menendez in Netflix’s “Monsters: The Lyle And Erik Menendez Story.” (Miles Crist/Netflix)

In the book, Hoffman wrote that he felt “a cold chill run down my spine” after receiving a phone call following Jose’s murder. Lyle had asked when he and his brother could expect payment on his father’s $20 million life insurance policy. Hoffman told News Media that Jose didn’t complete a physical for the death benefit under the terms of his contract. Therefore, his beneficiaries weren’t entitled to a payout.

Hoffman said he later learned investigators discovered that Lyle had searched his father’s computer and had seen the contract, along with the $20 million death benefit it appeared to promise.

Peter Hoffman standing at the Terminator 2 premiere party in Century City California

Carolco Pictures executive Peter Hoffman attends the “Terminator 2: Judgment Day” premiere party on July 1, 1991, at the Century Plaza Hotel in Century City, California. (Ron Galella/Ron Galella Collection via Getty Images)

“I’m not inside the head of Lyle Menendez,” said Hoffman. “But he wanted that money. He was all over us about that money, and that was literally days after the murder. So to me, the story is a very simple one.”

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Menendez home at 722 N. Elm Drive in Beverly Hills, California

A general view of the Menendez home at 722 N. Elm Drive in Beverly Hills, on Aug. 20, 2021. (Barry King/Alamy)

“Their father was a disciplinarian,” said Hoffman. “I don’t think he ever abused these kids. I’ll never believe that to the day I die that Jose Menendez did anything to those kids other than be a very tough Cuban disciplinarian, very tough on them in tennis, very tough on them about the way they were. He was a tough guy on himself. But whatever it was, they decided they had had enough.”

Hoffman worked with Jose professionally but did not have firsthand knowledge of what occurred inside the family’s home. His views are based on his personal experiences with Jose and his observations of the family from the outside. The brothers have long maintained that they acted after years of abuse.

Erik Menendez and brother Lyle standing in front of their Beverly Hills home

Erik Menendez and his brother Lyle stand in front of their Beverly Hills home. (Getty Images)

In 1989, Erik confessed the killings to his psychologist, Dr. Jerome Oziel. The sessions with the brothers were later tape-recorded. Oziel’s mistress, Judalon Smyth, learned about the confessions and informed the police. The recordings and related evidence led to the 1990 arrest of Lyle, then 22, and Erik, 19. They were charged with first-degree murder.

Menendez home at 722 N. Elm Drive in Beverly Hills, California

A general view of the Menendez home at 722 N. Elm Drive in Beverly Hills, where Erik and Lyle Menendez murdered their parents Kitty and Jose Menendez on Aug. 20, 1989. (Barry King/Alamy Stock Photo)

In 1993, the brothers went to trial, each with a separate jury. Prosecutors argued that they killed their parents for financial gain. The brothers’ attorneys did not dispute that the pair killed their parents but argued they acted in self-defense after years of alleged emotional and sexual abuse by their father.

Brothers Lyle and Erik Menendez seated in court during trial

The brothers have consistently said that the killings were connected to years of sexual, emotional and psychological abuse, primarily by their father, José Menendez. The siblings claimed they feared they were in imminent danger shortly before the murders. (Ted Soqui/Sygma via Getty Images)

During the trials, relatives and other witnesses testified about behavior they believed was consistent with abuse, while prosecutors argued the allegations were fabricated after the killings to avoid harsher punishment. The claims have remained one of the most contested aspects of the case.

Hoffman repeatedly said he does not believe the allegations.

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Erik Menendez facing camera in a mug shot from California Department of Corrections

Erik Menendez is shown in a mug shot taken in August 2002 by the California Department of Corrections. His older brother Lyle Menendez is pictured in a July 2003 photo from Mule Creek State Prison. Both brothers are serving life sentences for the 1989 shotgun murders of their parents. (Bureau of Prisons/Getty Images)

“I don’t care how many Kardashians talk about it, people write about it, or whatever is the current phase,” Hoffman said. “[I believe] Jose Menendez never abused those kids. But Jose was tough on those kids. I’m sure they had plenty of complaints about Jose, but none of them justified this horrible crime.”

“I haven’t seen his sons in years, but I always saw Lyle as really the driving force,” Hoffman continued. “He was the guy who just knew what to do. With Erik, there was a weakness to him. Lyle came across as the perfect son who was always polite. But I came to believe that that was all a front. I didn’t know him. I’m not sure Jose even knew him.”

Erik and Lyle Menendez standing on the steps of their Beverly Hills home.

Erik and Lyle Menendez stand on the steps of their Beverly Hills home in November 1989. (Ronald L. Soble/Los Angeles Times)

In 1994, both juries deadlocked. The deadlock reflected significant disagreement among jurors over the brothers’ motives and the credibility of their abuse claims. Some jurors later said they found portions of the defense case persuasive, while prosecutors maintained the killings were motivated by greed.

Diane Hernandez, Joan VanderMolen, and Arnold VanderMolen reacting during a press event in Los Angeles

Family members Diane Hernandez, Joan VanderMolen and Arnold VanderMolen react after Los Angeles County District Attorney George Gascón announces a possible resentencing recommendation for Erik and Lyle Menendez in Los Angeles on Oct. 24, 2024. (Apu Gomes/Getty Images)

In 1995, the brothers’ retrial began, this time with a single jury. Much of the defense evidence about alleged sexual abuse was excluded during the second trial. In 1996, jurors convicted both brothers of first-degree murder. That year, they were sentenced to life without the possibility of parole. For years, the brothers filed petitions for appeals that were denied.

Then in May 2025, the brothers became eligible for parole after a Los Angeles judge reduced their sentences from life without the possibility of parole to 50 years to life. It marked the closest they have come to freedom since their convictions.

Erik Menendez appearing before parole board via teleconference at correctional facility

Erik Menendez appears before the parole board via teleconference at the Richard J. Donovan Correctional Facility in San Diego, on Aug. 21, 2025. Menendez was denied release more than 36 years after he and his brother Lyle killed their parents in their Beverly Hills mansion. (California Department of Corrections/Getty Images)

Supporters of the brothers have argued that changing views about sexual abuse, trauma and juvenile offenders warranted a fresh review of their sentences. Others have maintained that the murders were primarily motivated by financial gain and that the convictions should stand.

Mick Bonanno holding a picture of Erik Menendez while waiting in line outside Van Nuys Courthouse

Mick Bonanno holds a picture of Erik Menendez while waiting in line to enter the Van Nuys Courthouse in Los Angeles, on Nov. 25, 2024, during a hearing on reconsidering the first-degree conviction of the Menendez brothers. (Daniel Cole/Reuters)

In August 2025, the brothers were denied parole for three years, after which they will be eligible again.

“I completely agree with this new DA out here,” said Hoffman. “He said he’s not against them being paroled, but they’ve got to come clean about what happened. And again, I don’t know these boys today. If they really had gone through a transformation, then that’s fine with me.

Los Angeles County District Attorney Nathan J. Hochman speaking at a podium indoors

Los Angeles County District Attorney Nathan J. Hochman addresses the media at the Hall of Justice about a judge’s ruling denying a new trial for Lyle and Erik Menendez in Los Angeles on Sept. 16, 2025. (Mario Tama/Getty Images)

“They were kids. If they have gone through a transformation, truly, then great. But they’ve got to tell the truth about what happened.”

Menendez family photo displayed on screen during CrimeCon panel in Nashville Tennessee

A photo of the Menendez family is displayed on screen during a panel at CrimeCon 2024 in Nashville. (News Media)

Hoffman’s view remains one side of a debate that has continued for decades, with legal observers, family members and supporters of the brothers sharply divided over whether the abuse allegations were credible.

“I suppose maybe I should have known more about what was going on between Jose and his sons,” said Hoffman. “I believe God exists, and I also believe the devil exists. And I believe there was this terrible evil that existed in that house that decided to act at that moment.”

Kim Kardashian’s Outfit Choice at Balenciaga Paris Fashion Week Sparks Discussion

Kim Kardashian, celebrated for her striking fashion sense and bold red carpet appearances, seemed to hit a rare style snag on Sunday. She was among the notable attendees at the glamorous Balenciaga show during Paris Fashion Week.

The 43-year-old reality star confidently displayed her famous hourglass figure in a form-fitting black lace dress, captivating the cameras with her poses.

With her dark tresses elegantly pulled back into a sleek ponytail, she highlighted the gown’s low scooped back, adding to its allure.

Yet, keen observers couldn’t help but spot a noticeable fashion faux pas: the large price tag was conspicuously still attached to her dress.

However, many eagle-eyed fans couldn’t help but notice the large price tag was still attached the dress.

Kim Kardashian appeared to make a major fashion blunder on Sunday as she led the arrivals to the star-studded Balenciaga show during Paris Fashion Week

Kim Kardashian appeared to make a major fashion blunder on Sunday as she led the arrivals to the star-studded Balenciaga show during Paris Fashion Week

The reality TV star, 43, flaunted her hourglass physique in a figure-hugging black lace dress as she posed up a storm for the cameras

The reality TV star, 43, flaunted her hourglass physique in a figure-hugging black lace dress as she posed up a storm for the cameras

She swept her dark hair up in a sleek ponytail to showcase her gown's low scooped back design, but also showed the large price tag was still attached the dress

She swept her dark hair up in a sleek ponytail to showcase her gown’s low scooped back design, but also showed the large price tag was still attached the dress

As Kim headed to watch the runway show, the tag swung behind her freely, but was then seemingly absent when she made it inside the venue to sit on the front row.

However, she often opts for fashion forward looks and unconventional outfits, meaning the tag was likely to have been an intentional accessory and talking point.

It comes after earlier this year Kim was blasted by fans after revealing she has become an ambassador for Balenciaga, one year after the brand faced controversy for an advert featuring children and BDSM items.

The reality TV star announced her partnership with the label, helmed by creative director Demna Gvasalia, in January.

She previously refused to cut ties with the fashion house but said she was ‘shaken and disgusted’ by the images which sparked a backlash against the brand.

Since then, she has made her loyalty clear by participating in an ad for Balenciaga’s upcoming Summer 2024 collection. 

After announcing her new partnership many fans were left disappointed by the decision and hit back at her statement, in which she wrote that her relationship with the brand was built on a ‘commitment to doing what’s right.’

‘Of all the brands, she had to choose the one with child abuse allegations. Not even surprised though…’ one person wrote, while another branded her a ‘hypocrite’ adding, ‘Money is all that matters to her.’

As Kim headed to watch the runway show, the tag swung behind her freely, but was then seemingly absent when she made it inside the venue to sit on the front row

As Kim headed to watch the runway show, the tag swung behind her freely, but was then seemingly absent when she made it inside the venue to sit on the front row 

However, she often opts for fashion forward looks and unconventional outfits, meaning the tag was likely to have been an intentional accessory and talking point

However, she often opts for fashion forward looks and unconventional outfits, meaning the tag was likely to have been an intentional accessory and talking point

Kim earlier posted a photo of her flash modes of transport for her trip to Paris including her private jet

Kim earlier posted a photo of her flash modes of transport for her trip to Paris including her private jet 

Another person accused Kim of throwing her ‘morals out of the window’ for money, while someone else added, ‘Anything for money and a higher net worth I guess.’ 

Others called the SKIMS founder out for hypocritical behaviour: ‘So basically she said f**k Balenciaga when they were getting backlash but now that its safe for her brand she’s back??’ 

Many others hit out against the brand, calling it ‘trash’ and ‘canceled.’

Kim’s full statement about becoming an ambassador for the brand read: ‘For several years now, Balenciaga’s designs have been a part of my many looks – and some of my most iconic fashion moments.’

‘This historic fashion house embraces modernity, craftsmanship and takes an innovative approach to design under Demna.’

‘For me, this long-standing relationship is built on mutual trust and a commitment to doing what’s right. I’m excited about this next chapter for the brand and to become their ambassador.’

Kim has starred in Balenciaga campaigns, walked in their show and accompanied Demna to the 2021 Met Gala.

After Balenciaga’s ill-judged campaign, Kim shared a statement to her Instagram where she wrote: ‘I have been quiet for the past few days, not because I haven’t been shocked and outraged by the recent Balenciaga campaigns, but because I wanted an opportunity to speak to their team to understand for myself how this could have happened.

It comes after earlier this year Kim was blasted by fans after revealing she has become an ambassador for Balenciaga , one year after the brand faced controversy for an advert featuring children and BDSM items

It comes after earlier this year Kim was blasted by fans after revealing she has become an ambassador for Balenciaga , one year after the brand faced controversy for an advert featuring children and BDSM items

She previously refused to cut ties with the brand but said she was 'shaken and disgusted' by the images, before announcing her partnership in January (pictured at Fall show in December)

She previously refused to cut ties with the brand but said she was ‘shaken and disgusted’ by the images, before announcing her partnership in January (pictured at Fall show in December)

‘As a mother of four, I have been shaken by those disturbing images. The safety of children must be held with the highest regard and anything against it should have no place in our society – period.’

She subsequently reissued the statement that saw some of the wording changed using stronger language adding: ‘any attempts to normalize child abuse of any kind should have no place in our society – period.’

However, on balance, Kim said that she is comfortable with how the company reacted to the scandal.

‘I appreciate Balenciaga’s removal of the campaigns and apology. In speaking with them, I believe they understand the seriousness of the issue and will take the necessary measures for this to never happen again.’

In an additional post, to both Instagram and Twitter, she said she was reconsidering her relationship with the fashion brand but had not yet many any firm decisions.

‘As for my future with Balenciaga, I am currently re-evaluating my relationship with the brand, basing it off their willingness to accept accountability for something that should have never happened to begin with — & the actions I am expecting to see them take to protect children.’

Kim has starred in Balenciaga campaigns, walked in their show and accompanied Demna to the 2021 Met Gala (pictured)

Kim has starred in Balenciaga campaigns, walked in their show and accompanied Demna to the 2021 Met Gala (pictured)

Experience the Ultimate YA Yearning: ‘Every Year After’s’ Perfectly Translated Anatomy Scene is a Must-See!


Romance enthusiasts are currently reveling in a wave of streaming adaptations, and the series Every Year After presents a faithful on-screen rendition of a cherished scene from Carley Fortune’s debut novel, Every Summer After.

**Heads up! Spoilers for Every Year After are ahead, now available on Prime Video.**

The pivotal moment, appearing about two-thirds into Fortune’s book, is brought to life in the fourth episode of the Prime Video series, aptly named “Anatomy of a Romance.” The scene features Percy (played by Sadie Soverall) and Sam (portrayed by Matt Cornett) enjoying a leisurely summer day in Sam’s room, where he is engrossed in his anatomy studies.

As Lana Del Rey’s “West Coast” sets the mood, Percy, buoyed by her recent triumph of swimming across the lake, feels invincible and decides to take the initiative.

“Picked up any new insights from that book of yours?” she teases. “Care to share, genius?”

Sam is initially hesitant, seemingly at a loss for words. However, Percy knows just what to say to motivate him to take action.

“Guess I’ll have to find some other future doctor to educate me then,” she teases.

That’s when Sam swoops in, starting off by gently holding Percy’s ankle, and moving up to her knee. While Percy ribs Sam for the elementary nature of the body parts he’s identifying, he gradually moves to more advanced—and intimate—material, as he grazes her vastus medialis, or inner thigh. The music slows, becoming just instrumentals. The two gaze into each other’s eyes as he slides over to the vastus lateralis, otherwise known as her outer thigh, and then up to the tensor fasciae latae, a thigh muscle.

“Are you done with the anatomy lesson, or should I keep going?” he asks.

The tension becomes too much for Percy, who grabs Sam and pulls him in for what becomes their first kiss in the series. They break apart only for a moment, holding each other’s faces, as Sam whispers, “Are we doing this?”

Percy replies, “Hell yeah, we’re doing this.”

The scene, which sees the two confront their feelings for each other, features dialogue almost directly lifted from the pages of Fortune’s book (though Sam covers a couple more body parts in Every Summer After). As Soverall told DECIDER that the scene in Every Year After is “almost one to one” with how it plays out in Every Summer After.

Cornett named the scene as one of several “fan-favorite book moments,” assuring DECIDER that “a lot of time and precious energy were put into those.” Even Michael Bradway, who plays Sam’s older brother Charlie in the new series, cited the scene as one fans would go berserk over while chatting with DECIDER.

“I mean, I wasn’t in this scene obviously, but the anatomy scene is something that everyone is talking about and I think people are really gonna love what they did,” he said.

And he was absolutely right. Now it’s just a matter of waiting for a second season to be picked up…

Every Year After Season 1 is streaming on Prime Video.

Government UFO Files Remain Sealed: Is the Truth About to Unfold?

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After a long period of eager anticipation, the much-hyped release of the latest UFO documents has left many Americans feeling let down.

On Friday, the Trump administration made public a third installment of documents, photos, and videos related to unexplained aerial phenomena. Nevertheless, critics argue these files fall short of addressing the core allegations surrounding the UFO enigma.

One of the few individuals claiming to have seen some of the classified UFO files shared insights with the Daily Mail, disclosing what he claims is contained within them. These files allegedly include references to crash-retrieval programs, covert government investigations, and mentions of ‘non-human biologics.’

Investigative journalist Jeremy Corbell, who has delved deeply into the subject, asserts that the material has only reinforced his conviction that the U.S. government has indeed recovered unidentified craft and biological evidence tied to the UFO phenomenon.

Over several years, Corbell has dedicated himself to amassing documents, testimonies, and other evidence related to these claims. Some of this material made a fleeting appearance in “Sleeping Dog,” the documentary he produced alongside seasoned investigative journalist George Knapp.

The film shows a list of files, including one referencing ‘non-human biologics,’ a term used to describe alleged extraterrestrial tissue or bodies.

Another file is labeled ‘Kona Blue,’ the name of a proposed Department of Homeland Security program that would have investigated claims involving recovered unidentified craft, advanced technology and other UFO-related allegations. 

The program was never formally established, according to government records.

Years worth of files, testimony and other material that Corbell collected, some of which were featured in Sleeping Dog

Years worth of files, testimony and other material that Corbell collected, some of which were featured in Sleeping Dog

Corbell argued that the material is now circulating far beyond the handful of researchers who first obtained it, raising the prospect that additional details could be leaked regardless of whether the government releases the files.

‘I can’t stop that information from coming out. I am unable to stop it,’ he said, adding that ‘over 100 journalists already have everything that I have. 

‘That’s not just in my hands anymore. That’s not just in George Knapp’s hands anymore.’

However, the US government maintains that it has found no verifiable evidence that extraterrestrial life or alien technology has visited Earth. 

Despite decades of public fascination with UFOs, major Pentagon investigations and declassified government reviews have repeatedly concluded that no case of unidentified anomalous phenomena (UAP) has been confirmed. 

The Trump administration released the third batch of UFO files on Friday, which Corbell said was ‘historic,’ as more information on the topic ‘is always a win.’

However, he added that again, the government has only shared ‘low-hanging fruit.’ 

‘Our government has long known about Non-Human Intelligence, their vehicles, reverse-engineering programs, and biological study of their pilots and occupants. These releases are provoked – not offered,’ Corbell said.

David Grusch giving congressional testimony in 2023, during which he claimed the US government had spent decades attempting to recover and reverse-engineer craft of non-human origin. Investigative journalist Jeremy Corbell (circled) listens from behind

David Grusch giving congressional testimony in 2023, during which he claimed the US government had spent decades attempting to recover and reverse-engineer craft of non-human origin. Investigative journalist Jeremy Corbell (circled) listens from behind

‘The pressure of journalism, whistleblowers, and congressional oversight forced this door open. Unresolved cases are a start. But complacency is our enemy. If you want the truth, demand it. 

‘Full transparency on our government’s continued relationship and correspondence with the UAP phenomenon – nothing less.’ 

Corbell said the files shown in his documentary touch on allegations involving non-human biologics, government UFO programs, intelligence assessments and unexplained aerial incidents that have remained largely hidden from public view. 

One of the files is named ‘ImCon Originals,’ he claimed, referring to Immaculate Constellation – which is described in a whistleblower report as a secret, unauthorized Pentagon program created to collect and hide UFO evidence.

Matt Brown, a former US national security official, came forward in 2025 with details about Immaculate Constellation, revealing the alleged secret program to Corbell.

Brown said he discovered references to the program in 2018 while reviewing classified materials at the Pentagon.

Corbell alleged that it is a special access program designed to quarantine high-quality UFO imagery and testimonies from congressional oversight. 

The file ‘Pilfer & Pickpocket’ also appears in the list, which Corbell has previously claimed are names of UFO crash retrieval programs. However, he stressed that he has not been able to confirm the details.

When asked why he does not release the files himself, Corbell told the Daily Mail that some of the information would cause a national security crisis.

But his ‘number one reason’ is that the government has made a promise of ‘disclosure and transparency’ to the American people. ‘They deserve a chance to perform that function,’ he said.

‘Additionally,’ Corbell continued, ‘every time George and I obtain and release something, it puts sources at risk. Why do that when the government has said it will do it? We don’t want to.’

The journalist has become a central player in the UFO disclosure movement, with his work bringing military and intelligence witnesses into the public eye and pressuring the US government into the disclosure process.

Corbell also told the Daily Mail that he personally provided officials with access to several of the UFO videos that were released to the public on May 22.

He did so in what he described as classified ‘intel links’ connected to hidden government servers, after unknown sources leaked the clips to him.

‘Not just file names; if you put the underscores in, they’re linked,’ Corbell said, claiming the material led directly to classified systems that ‘you and I can’t access.’

While Corbell has released UFO videos that ended up in the Trump administration’s file dump, he has championed other footage of unknown craft that was later explained or challenged by investigators, scientists and the military.

His comments come as the Trump administration has released hundreds of UFO-related records, a move Corbell said falls far short of addressing the questions that have fueled the disclosure movement for years. 

Corbell pointed to David Grusch’s 2023 congressional testimony, in which the former Air Force intelligence officer alleged the government had spent decades recovering and studying craft of non-human origin and had obtained what he described as ‘biologics’ from some crash sites.

‘Now, if that’s true, and if you believe him, our government in parts has that information,’ Corbell said. ‘It is time to tell the American public the truth.’

Neither Corbell nor Grusch has publicly released evidence proving the existence of non-human intelligence.

A handout from the Department of War that they said shows a UAP near Japan

A handout from the Department of War that they said shows a UAP near Japan

Grusch’s testimony marked a turning point in the modern UFO disclosure movement, transforming what had long been considered fringe speculation into a topic debated openly on Capitol Hill.

He told lawmakers that he had interviewed numerous current and former government officials who claimed the US was operating secret programs dedicated to retrieving and studying unidentified craft.

His testimony prompted renewed calls for oversight and transparency from members of Congress on both sides of the aisle.

Several lawmakers have since argued that the government should release additional records related to UAPs.

Corbell said public interest in the issue continues to grow as more military personnel, intelligence officials and defense insiders come forward with accounts of encounters involving unexplained objects.

He argued that the administration’s recent document releases have heightened expectations that more significant information could eventually emerge.

The Trump administration released the first batch of UFO files on May 8, with a second on May 22. 

They include military reports, FBI accounts and videos showing unexplained objects streaking across the sky. But rather than providing answers, the files have only deepened the mystery. 

Corbell suggested reporters may ultimately force the issue if officials fail to provide further disclosure. ‘If they don’t, journalism will,’ he said.

He stressed he was not claiming to possess definitive proof of alien life or recovered extraterrestrial technology, but argued investigators have uncovered information that warrants further scrutiny.

‘What I have obtained over the years is not definitive proof of the things you want,’ he said. ‘But it’s a start. It’s a good start.’

He added that disclosure should proceed in stages, beginning with government acknowledgment of alleged craft-retrieval and reverse-engineering programs.

From there, he said, officials should address claims involving ‘biologics’ before eventually answering what he called the next major question: whether there has ever been direct communication with a non-human intelligence.

‘Have there been any agreements? Have there been any direct communications?’ Corbell posited.

‘After they begin with reverse engineering of craft, because we all know craft exists, biologics, because we’re almost there, then the third step will be communications,’ he declared.

‘And I have evidence of all.’