SpaceX shares plunged over 6% on Thursday, erasing $620 billion in market value after the company announced a $60 billion all-stock acquisition of AI coding startup Cursor, sparking analyst concerns o…
SpaceX went public last week with a $1.7 trillion market cap, making Elon Musk a trillionaire on paper, despite the company posting a $4.94 billion net loss. The IPO filing emphasized AI infrastructur…
Elon Musk became the world's first trillionaire after SpaceX's IPO, and his vast wealth now rivals that of nation-states, enabling him to exert unprecedented political and military influence. Musk con…
Elon Musk became the world's first trillionaire after SpaceX went public in June 2026, with his net worth more than tripling that of other billionaires. His wealth grew from under $30 billion in early…
SpaceX's stock surge following its IPO has improved the math for a potential merger with Tesla, reducing the share dilution needed for an all-stock acquisition. SpaceX president Gwynne Shotwell hinted…
SpaceX, now a $1.25 trillion private behemoth after merging with xAI, has undergone a leadership reshuffle ahead of its record-breaking IPO. Key executives like Gwynne Shotwell now oversee both SpaceX…
SpaceX exercised an option to buy Anysphere, the company behind AI code editor Cursor, for $60 billion in an all-stock deal expected to close in Q3 2026. The acquisition raises concerns about Cursor's…
Anthropic took two of its most capable AI models offline after receiving a letter from the Commerce Department citing national security concerns over a potential jailbreak. Meanwhile, SpaceX acquired …
The US Department of Defense has deployed GenAI.mil, the largest enterprise LLM rollout, scaling from 80,000 to 1.5 million daily users by June 2026. The platform uses multi-model orchestration with G…
SpaceX's historic IPO raised $75 billion, achieving a $2.1 trillion market cap, as Elon Musk merges xAI with SpaceX to build orbital AI data centers, aiming to solve terrestrial energy and cooling con…
SpaceX acquired Anysphere, the company behind AI code editor Cursor, for $60 billion in an all-stock deal, ending Cursor's model-neutral architecture and creating vendor lock-in risks for enterprise t…
Americans express unease over SpaceX's influence on retirement savings after Elon Musk became the world's first trillionaire following SpaceX's IPO. Many respondents to a Guardian survey fear their 40…
SpaceX went public on June 12, 2026, with a valuation of $2.4 trillion, driven by plans to deploy orbital data centers for AI compute. The company aims to launch 100 gigawatts of compute power annuall…
X product executive Nikita Bier offered to match or exceed Meta's snack budget to recruit engineers, targeting 'neglected' Meta employees amid morale issues. The move comes as X's parent company xAI a…
The US government forced Anthropic to pull its Fable 5 and Mythos 5 AI models over national security concerns after Amazon researchers found a way to bypass Fable 5's guardrails. Cybersecurity researc…
SpaceX completed a $2.5 trillion IPO and now plans to raise at least $20 billion in its first bond deal to fund AI data centers in space, with capital expenditure potentially exceeding $700 billion an…
Databricks is raising another massive round of private capital instead of going public, targeting a valuation between $165 billion and $175 billion. CEO Ali Ghodsi called 2026 a 'terrible year to go p…
Global stock markets are surging on AI-driven profits and optimism about US tech giants, but warning signs from the World Bank and economists about slowing GDP growth, high debt levels, and hawkish mo…
OpenAI CEO Sam Altman expressed zero excitement about leading a public company, but the AI firm has filed confidential paperwork for an IPO amid a wave of tech companies going public. The move aims to…
Korean semiconductor equipment maker HPSP has received purchase orders for its High-Pressure Hydrogen Annealing pilot equipment for Tesla's Terafab, a $119 billion semiconductor project in Texas. The …