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InvestingLive updates from SpaceX IPO debut: SpaceX valuation at $2.1 trillion as stock closes at $161.11 following record first day of trading

After 24 years of anticipation, the SpaceX IPO finally debuted at just over $150 a share and is now hovering at around $165 a share.

By Catherina GioinoJune 12, 2026
Sven Gerjets, chief technology officer at Gap, speaks on stage on a panel at Fortune Brainstorm Tech 2026.
Future of WorkWhy companies are treating AI as a strategic partner rather than a passive technology, and how to avoid an ‘AI hangover’
By Sebastian HerreraJune 12, 2026
U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
EnergyU.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
By Jordan BlumJune 12, 2026
On the day of a historic IPO, SpaceX’s president is already hinting at a Tesla merger: ‘That might make Elon Musk’s life a little easier’
C-SuiteOn the day of a historic IPO, SpaceX’s president is already hinting at a Tesla merger: ‘That might make Elon Musk’s life a little easier’
By Marco Quiroz-GutierrezJune 12, 2026
Latest
‘Buy a ticket for 60 bucks and resell it for $6,000’: NYC Mayor Mamdani criticized FIFA’s resale market, but his jersey drop created the same thing1 hour ago
Founders Fund, Andreessen Horowitz, Valor, and the biggest VC winners from SpaceX’s IPO3 hours ago
Liability Car Insurance Explained: What It Covers and How Much You Need3 hours ago
Why companies are treating AI as a strategic partner rather than a passive technology, and how to avoid an ‘AI hangover’3 hours ago
Elon Musk stands behind the Nasdaq opening bell and in front of a "SpaceX" background.
Startups & VentureFounders Fund, Andreessen Horowitz, Valor, and the biggest VC winners from SpaceX’s IPO
By Allie GarfinkleJune 12, 2026
Man in a blue shirt gesturing
AIAOL cofounder Steve Case on AI— major upside, real risk, and ‘probably a net negative’ for jobs
By Amanda GerutJune 12, 2026
gill
EconomyWorld Bank warns the 2020s are becoming a ‘lost decade’ for the global economy — ‘barring a miracle’
By Nick LichtenbergJune 12, 2026
With SpaceX IPO, Elon Musk is the world’s first trillionaire—but he mostly lives in a tiny home in south Texas. ‘There is no food in the fridge’
Startups & VentureWith SpaceX IPO, Elon Musk is the world’s first trillionaire—but he mostly lives in a tiny home in south Texas. ‘There is no food in the fridge’
By Jason MaJune 12, 2026
owen
InvestingThe economist who said ‘no bubble’ just sounded the alarm: ‘The season of chaos is at hand’
By Nick LichtenbergJune 12, 2026
SpaceX headquarters outside
Startups & VentureSpaceX’s first employee, Tom Mueller, thinks the historic IPO is just the beginning
By Lily Mae LazarusJune 12, 2026
Notion takes a quiet approach to designing AI features: ‘You can’t have every new tool screaming at you’
AsiaNotion takes a quiet approach to designing AI features: ‘You can’t have every new tool screaming at you’
By Angelica AngJune 12, 2026
An Osasuna player passes the ball while under pressure from Getafe rival.
CryptoControversy swirls over Spanish soccer club accused of using novel $600,000 Kalshi wager to bet on its relegation
By Camila Grigera NaonJune 12, 2026
Newsletters
MPW DailyBy Emma Hinchliffe
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SpaceX just made IPO history. Gwynne Shotwell made it possible
Fortune TechBy Andrew Nusca
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The SpaceX IPO is not the market savior it seems
CEO DailyBy Diane Brady
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How Elon Musk sold a $1.77 trillion dream—and what other CEOs can learn from the SpaceX IPO
Eye on AIBy Jeremy Kahn
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Why is it so hard to get ROI from AI? Because building from first principles isn’t easy
MPW DailyBy Emma Hinchliffe
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How Hollywood trained Bridgit Mendler for life as a space founder
CFO DailyBy Sheryl Estrada
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Chevron’s CFO on why finance chiefs are defining AI’s business value
AI
Sven Gerjets, chief technology officer at Gap, speaks on stage on a panel at Fortune Brainstorm Tech 2026.
Future of WorkWhy companies are treating AI as a strategic partner rather than a passive technology, and how to avoid an ‘AI hangover’
By Sebastian HerreraJune 12, 2026
Elon Musk stands behind the Nasdaq opening bell and in front of a "SpaceX" background.
Future of WorkDespite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI
By Sasha RogelbergJune 12, 2026
AI was supposed to cut health care costs. One of its first jobs was charging you more, PwC report shows
AIAI was supposed to cut health care costs. One of its first jobs was charging you more, PwC report shows
By Whizy Kim and Tech BrewJune 12, 2026
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AIMachine learning gives the U.S. a 1% chance of winning the World Cup final in its own backyard
By Achim Zeileis and The ConversationJune 12, 2026
Term Sheet podcast
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Investment bankers built a $2B AI to replace themselves | Term SheetMay 28, 2026
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This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
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From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
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How to raise a CEO: The "Godmother of Silicon Valley" Esther WojcickiApril 22, 2026
Video ThumbnailPlay29:01
The Startup Fighting to Save the American Farm with Modern FinanceApril 8, 2026
Video ThumbnailPlay51:28
How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 18, 2026
Video ThumbnailPlay26:02
Why revenue is an outdated metric | Term SheetFebruary 18, 2026
Video ThumbnailPlay39:10
Chemistry cofounder: "more talented founders than ever" are moving into health care | Term SheetFebruary 4, 2026
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Exelon CEO on if our utilities can handle the AI boom | Term SheetJanuary 21, 2026
Success
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C-SuiteUpstate New York sticker mogul has a bronze Trump statue, MAGA hip-hop album and a presidential endorsement. The local machine wants the Marine
By Michael Hill, Anthony Izaguirre and The Associated PressJune 12, 2026
Warehouse workers with robot
SuccessWalmart has a message for its 2.1 million workers: AI is going to improve your job, not take it: ‘Technology will power our future’
By Emma BurleighJune 12, 2026
Bridgit Mendler speaking at Fortune's conference
SuccessEx-Disney star Bridgit Mendler reveals she was rejected hundreds of times by Hollywood—but it primed her for her current job as a space start-up CEO
By Preston ForeJune 12, 2026
fort
CommentaryKen Griffin has Miami. Stephen Ross has West Palm Beach. Fort Lauderdale had Wayne Huizenga — and it’s been winning ever since
By Jenni MorejonJune 12, 2026
From the Magazine
MagazineCiti’s 5-year comeback: How CEO Jane Fraser turned the bank’s chronic underperformance into decade-high revenue

20,000 layoffs, 14 markets exited, one flatter bank—Jane Fraser’s Citi playbook is working. Wall Street wants to know what’s next.

By Claire ZillmanMay 27, 2026
As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
MagazineAs CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens
By Emma HinchliffeMay 27, 2026
Inside the ultra-luxury eco-adventure industry turning conservation into a status symbol
MagazineInside the ultra-luxury eco-adventure industry turning conservation into a status symbol
By Adam EraceMay 24, 2026
Microsoft lost its way in the AI race. Can Copilot get it back on course?
MagazineMicrosoft lost its way in the AI race. Can Copilot get it back on course?
By Jeremy KahnMay 21, 2026
Why the AI field’s biggest names are betting billions on ‘world models’
MagazineWhy the AI field’s biggest names are betting billions on ‘world models’
By Sharon GoldmanMay 20, 2026
Energy
U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
EnergyU.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
By Jordan BlumJune 12, 2026
gill
EconomyWorld Bank warns the 2020s are becoming a ‘lost decade’ for the global economy — ‘barring a miracle’
By Nick LichtenbergJune 12, 2026
Current price of oil as of June 12, 2026
Personal FinanceCurrent price of oil as of June 12, 2026
By Joseph HostetlerJune 12, 2026
Inflation is roaring back globally, 2022 style. The Iran war is only half the problem
EconomyInflation is roaring back globally, 2022 style. The Iran war is only half the problem
By Eva RoytburgJune 11, 2026
Fortune Rankings
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Most Powerful Women
Most Powerful Women
By FortuneMay 27, 2026
Fortune 100 Best Companies to Work For
Fortune 100 Best Companies to Work For
By FortuneApril 1, 2026
Fortune 500 Europe logo
Fortune 500 Europe
By FortuneOctober 29, 2025
Leadership
Sven Gerjets, chief technology officer at Gap, speaks on stage on a panel at Fortune Brainstorm Tech 2026.
Future of WorkWhy companies are treating AI as a strategic partner rather than a passive technology, and how to avoid an ‘AI hangover’
By Sebastian HerreraJune 12, 2026
Elon Musk stands behind the Nasdaq opening bell and in front of a "SpaceX" background.
Future of WorkDespite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI
By Sasha RogelbergJune 12, 2026
arms
HealthYou probably think you’re a really open-minded person, but the real thing raises your death anxiety
By Daryl Van Tongeren and The ConversationJune 12, 2026
AI was supposed to cut health care costs. One of its first jobs was charging you more, PwC report shows
AIAI was supposed to cut health care costs. One of its first jobs was charging you more, PwC report shows
By Whizy Kim and Tech BrewJune 12, 2026
From Pilot to Profit
AIAI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.

By Sharon GoldmanJune 9, 2026
Artistic drawing of two employees using several tools at once
AIWhy dbt Labs CEO views AI efficiency and creativity as the same thing
By Sage LazzaroJune 9, 2026
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
AIReward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
By Sage LazzaroJune 9, 2026
Artistic rendering of complex systems being simplified by two workers
AIHow Lumen’s ‘maniacal focus’ on KPIs drove measurable AI impact across use cases and the company at large
By Sage LazzaroJune 9, 2026
Artistic rendering of a hacker trying to gain access to a worker's computer
AIAI is supercharging cyberattacks—and most companies aren’t ready
By Beatrice NolanJune 9, 2026
Features
Photo of Marc Benioff
MagazineSalesforce CEO Marc Benioff turned his earnings call into a vodcast. Why other Fortune 500 CEOs might follow
By Rachel VentrescaMay 6, 2026
The American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
MagazineThe American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
By Shawn TullyMay 6, 2026
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
MagazineA Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
Anduril CEO Brian Schimpf
MagazineInside Anduril: Meet the quiet engineer-CEO building America’s $31 billion weapons startup
By Allie GarfinkleMay 6, 2026
Real Estate
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North AmericaNewsom called homelessness California’s calling in 2020. His budget still spends less than 0.5% on it
By Benjamin F. Henwood and The ConversationJune 12, 2026
fla
EnvironmentFlorida’s insurance exodus is triggering a 2008-style chain reaction — with one critical difference
By The ConversationJune 12, 2026
mortgage
Real EstateMortgage rate rises to 6.52% from 6.48%, near yearlong high
By Alex Veiga and The Associated PressJune 12, 2026
Mortgage rates today, June 12, 2026
Personal FinanceMortgage rates today, June 12, 2026
By Glen Luke FlanaganJune 12, 2026
Great Place to Work Rankings
Best Workplaces in New York
Best Large Workplaces in New York
By FortuneJune 9, 2026
Best Workplaces in Texas
25 Best Large Workplaces in Texas
By FortuneJune 2, 2026
Best Workplaces in The Bay Area
25 Best Large Workplaces in the Bay Area
By Fortune EditorsMay 26, 2026
Fortune 100 Best Companies to Work For Southeast Asia 2025 logo
Fortune 100 Best Companies To Work For – Southeast Asia
By Fortune and Great Place To WorkDecember 1, 2025
Commentary
World CupBy Stefan Szymanski and The Conversation
‘Soccernomics’ co-author: FIFA’s ticket strategy isn’t price discovery, it’s a wealth filter
FloridaBy Jenni Morejon
Ken Griffin has Miami. Stephen Ross has West Palm Beach. Fort Lauderdale had Wayne Huizenga — and it’s been winning ever since
OracleBy Garrett Ilg
Three ways that Asia’s enterprises are adopting AI—and where they are falling behind
Venture CapitalBy Gordon Ritter
Gordon Ritter: I predicted AI’s learning loop a decade ago. The doomers are still measuring the wrong thing
Social SecurityBy Steve H. Hanke and David M. Walker
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Social Security and Medicare are heading toward insolvency. Congress has 6 years to act
data sovereigntyBy Leonard Lim
Digital sovereignty isn’t the same thing as digital isolation. Asia’s governments should be careful
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