NYU Stern professor Aswath Damodaran warned that fast-tracking SpaceX, OpenAI, and Anthropic into the S&P 500 overlooks their financial losses and founder-controlled governance, posing risks for passi…
Coinbase CEO Brian Armstrong criticized Earth's regulatory environment, arguing that orbital datacenters are becoming more efficient than land-based facilities due to bureaucratic red tape. Armstrong'…
The Pentagon reports a 1,775% increase in AI tool usage, from 80,000 to 1.5 million personnel, but adoption remains under 50% of its 3.5 million employees. Chief Technology Officer Emil Michael touted…
SpaceX's June 12 IPO left a record $16.7 billion on the table, nearly triple the previous record, as shares rose 19% on the first day. The foregone capital could have funded the company's AI growth en…
SpaceX unveiled the AI1 orbital data-center concept, a craft with an interchangeable compute payload averaging 120 kW and peaking at 150 kW, powered by a 150-kilowatt solar array and cooled by 110 squ…
SpaceX and other companies are pursuing orbital data centers to meet AI-driven computing demand, leveraging abundant solar energy and avoiding Earth-based environmental constraints. However, challenge…
OpenAI confidentially filed an S-1 with the SEC on May 22, 2026, targeting a public debut as soon as Q4 2026, with Goldman Sachs and Morgan Stanley leading the IPO. The company, generating $2 billion …
SpaceX announced a $20 billion bond offering on June 18, 2026, to refinance debt and fund AI infrastructure, following its record $75 billion IPO. The company also disclosed holding 18,712 Bitcoin wor…
SpaceX went public on June 12, 2026, in the largest IPO in history, raising up to $86 billion and achieving a valuation between $1.75 trillion and $2 trillion. Four days later, the company spent $60 b…
SpaceX's bankers are preparing to meet investors as early as next week to discuss a bond offering of at least $20 billion, the first investment-grade dollar bond issuance for Elon Musk's company, whic…
Meta's AI reorganization has caused employee unrest, with CTO Andrew Bosworth admitting the process was 'atrocious.' A leak exposed members of Peter Thiel's secretive 'Dialog' society, and Sam Bankman…
Cursor, GitLab, and Zed agree that GitHub is breaking but disagree on how to rebuild it, highlighting a growing divide in developer tooling approaches. The debate centers on the future of code collabo…
The US government banned Anthropic's new AI model, Fable, restricting its use to US citizens only, which could boost China's influence as other countries turn to open-source models from Chinese develo…
AI pioneer Yann LeCun called Elon Musk's xAI 'kind of a failure,' citing difficulty hiring top talent and reliance on renting infrastructure to recoup costs. LeCun also warned that AI labs face a 'big…
Elon Musk became the world's first trillionaire on June 12, 2026, after SpaceX's record-breaking IPO pushed his net worth to roughly $1.1 trillion. His wealth is now 3.7 times that of No. 2 Larry Page…
SpaceX shares fell for a second straight day, dropping as much as 5.8% after a 49% surge in its first three days of trading. The stock remains about 35% above its $135 IPO price, but analysts caution …
Intel shares surged 237% this year after the Trump administration converted grants into a 10% equity stake, with President Trump claiming Apple will design chips with Intel in the U.S. Amazon launched…
Meta's former chief AI scientist Yann LeCun told CNBC that Elon Musk's AI lab xAI is 'kind of a failure,' citing difficulty hiring top talent after all non-Musk cofounders left and the company's need …
Silicon Valley wealth advisers report a surge in activity from tech employees and early investors at SpaceX, OpenAI, and Anthropic expecting major liquidity events. Advisers say clients are strategica…
SpaceX acquired Anysphere, the parent company of AI coding platform Cursor, in a $60 billion all-stock deal announced June 16, positioning the newly public aerospace giant as a direct competitor to Op…