Elon Musk is now worth more than $1 trillion. The SpaceX IPO, which priced 555.6 million shares at $135 each on 12 June, valued the company at roughly $1.77 trillion and pushed Musk past a threshold no individual has ever crossed. His SpaceX stake alone is worth an estimated $866.5 billion, according to the updated IPO prospectus. […]
SpaceX’s satellite internet service had 10.3 million subscribers at the end of the first quarter of 2026, more than double the 4.4 million it reported a year earlier. That growth rate is extraordinary by any standard in telecommunications, let alone for a business that delivers broadband from orbit. But the S-1 prospectus SpaceX filed ahead of what would […]
Britain’s Technology Secretary Liz Kendall has pledged to strengthen efforts to channel institutional investment into UK tech companies. Speaking to Bloomberg TV during London Tech Week, Kendall said the government would pursue legal reforms to how pension funds are run. “I’m sure you’ll see more movement on that very soon,” she said. The interview was recorded before […]
The chief executives of the three most powerful artificial intelligence companies on Earth are about to sit in the same room as the leaders of the world’s seven largest advanced economies. OpenAI’s Sam Altman, Anthropic’s Dario Amodei, and Google DeepMind’s Demis Hassabis are all slated to attend the G7 summit in Évian-les-Bains, France, which runs […]
Infineon Technologies is preparing to open its largest single investment, a €5 billion semiconductor factory on its Dresden campus, on 2 July. The Smart Power Fab, which received approximately €1 billion in EU Chips Act subsidies, will produce power semiconductors used in AI data centres, electric vehicles, and renewable energy systems. The opening arrives three […]
Dreame Technology, a Chinese maker of robotic vacuum cleaners, lawn mowers, and pool cleaners, is considering a Hong Kong initial public offering as soon as next year, according to Bloomberg. The company is working with advisers and could raise several hundred million dollars. The potential listing would add to a surge of Chinese tech companies choosing Hong […]
SpaceX begins trading on Nasdaq today under the ticker SPCX after raising $75 billion in the largest initial public offering ever completed. The previous record holder, Saudi Aramco’s 2019 listing, raised $29.4 billion, making SpaceX’s offering roughly 2.5 times larger. A regulatory filing on Friday confirmed that Japanese investors accounted for $2.2 billion of the […]
Anthropic is donating $150 million to place 1,000 AI fellows inside nonprofit organisations across the United States. The programme, called Claude Corps, will pay early-career workers $85,000 plus benefits for a year-long placement where they help nonprofits use Claude more effectively. Applications opened Wednesday and close on July 17. No college degree is required. Applicants […]
Oracle warned customers on Thursday of a critical vulnerability in its PeopleSoft software that hackers have already exploited to breach more than 100 organisations. The flaw, CVE-2026-35273, carries a CVSS score of 9.8 and can be exploited over the internet without any authentication. Oracle has not released a patch. The advisory came a day after […]
Bluesky launched group chats on Thursday and outlined a broader pivot toward community features, a strategic shift for a social network that has so far focused on open public posting. Group chats support up to 50 people in the current release. The company says it may increase that limit later. The feature arrives in version […]
