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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

1

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
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Elon Musk stands behind the Nasdaq opening bell and in front of a "SpaceX" background.
Founders Fund, Andreessen Horowitz, Valor, and the biggest VC winners from SpaceX’s IPO

SpaceX’s IPO will crown a few select VC winners. But it’s only the beginning of Hot IPO Summer.

By Allie GarfinkleJune 12, 2026
Sven Gerjets, chief technology officer at Gap, speaks on stage on a panel at Fortune Brainstorm Tech 2026.
Why 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.
Despite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI
By Sasha RogelbergJune 12, 2026
DoorDash wants you to stop scrolling and just tell its new AI chatbot what you’re hungry for
DoorDash wants you to stop scrolling and just tell its new AI chatbot what you’re hungry for
By Dave Lozo and Morning BrewJune 12, 2026
AI was supposed to cut health care costs. One of its first jobs was charging you more, PwC report shows
AI 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
paul
Machine 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
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Big Tech
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Elon Musk
When SpaceX starts trading, some ‘shareholders’ will discover they own nothing at all

Everything you need to know before you reach the office this morning.

By Jim EdwardsJune 12, 2026
Your AI is already setting prices. The real question is who sets the rules

The rules your AI is following need to be rules you would stand behind—in front of your customers, your board, and even a congressional hearing.

By François Candelon, Paul-Louis Andres and Augustin ManchonJune 12, 2026
Exclusive: Consumer device giant LG Electronics to launch blockchain to place and sell ads

LG Electronics worked with the crypto protocol Arbitrum to develop its own blockchain.

By Jack Kubinec and Ben WeissJune 11, 2026
You can blame America’s plummeting fertility rate on the iPhone, study finds: ‘People are all depressed and alone and doomscrolling’

A recent NBER paper noted the link between iPhone sales and declining births could be the result of more time spent on devices, and less time connecting.

By Sasha RogelbergJune 12, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
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’
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’

A combined SpaceX-Tesla could be worth more than $3 trillion.

By Marco Quiroz-GutierrezJune 12, 2026
The economist who said ‘no bubble’ just sounded the alarm: ‘The season of chaos is at hand’

“The chamber of dispersion has been opened,” Owen Lamont says. “The beast of volatility has awakened, and the season of chaos is at hand.”

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’

SpaceX raised $75 billion on Thursday in the largest IPO ever after offering more than 555 million shares at $135 a piece, valuing the company at over $1.7 trillion.

By Jason MaJune 12, 2026
Elon’s wealth: 1 trillion dollar bills would stretch 97 million miles, to the moon and back over 200x

If $1 trillion was divided among the entire population, each person would receive almost $122.

By Wyatte Grantham-Philips and The Associated PressJune 12, 2026
More in Startups & Venture
AI
More in AI
Man in a blue shirt gesturing
AOL cofounder Steve Case on AI— major upside, real risk, and ‘probably a net negative’ for jobs

Speaking at Fortune Brainstorm Tech, the internet pioneer described himself as a “huge optimist” about AI’s benefits but warned that the risks are real and predicted the backlash will play out in the 2028 U.S. elections.

By Amanda GerutJune 12, 2026
Astronaut costumes, teenage crypto millionaires, and a $300 million bet: Scenes from the SpaceX IPO

From a prop trader who bet “a car” to an early investor sitting on $300 million, the sidewalk outside the Nasdaq represented everyone in the AI market.

By Eva RoytburgJune 12, 2026
For SpaceX CFO Bret Johnsen, the challenge starts after the $75 billion IPO 

Johnsen now faces the task of proving SpaceX can deliver on its promises as a public company.

By Sheryl EstradaJune 12, 2026
Walmart has a message for its 2.1 million workers: AI is going to improve your job, not take it: ‘Technology will power our future’

Walmart is already using AI to design clothes and coordinate trucks—but the $967 billion grocery chain says humans “will lead” the transformation.

By Emma BurleighJune 12, 2026
More in AI
Innovation
More in Innovation
Elon Musk’s wealth could double the economy of his native South Africa as world’s first trillionaire
Elon Musk’s wealth could double the economy of his native South Africa as world’s first trillionaire

Musk’s new title arrives amid a wider acceleration for the richest of the rich whose level of wealth was once unfathomable

By The Associated Press and Wyatte Grantham-PhilipsJune 12, 2026
Elon Musk, the trillionaire: pay packets go multi-planetary in SpaceX IPO

The largest IPO in history raised $75 billion Friday despite $8.7B in losses since 2025. Did your pension boost the “significantly overvalued” stock?

By Bernard Condon and The Associated PressJune 12, 2026
Live 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
Aliens are so mainstream the Catholic Church just fired an exorcist for saying UFOs are demons

JD Vance agrees with the exorcist. The Pope waxes poetic about the galaxies. A religion scholar sees UFOs as the best thing to happen to faith in years.

By Krysta Fauria and The Associated PressJune 12, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
Why is it so hard to get ROI from AI? Because building from first principles isn’t easy
Why is it so hard to get ROI from AI? Because building from first principles isn’t easy

At Fortune Brainstorm Tech, executives said that finding value from AI starts with strategy and continues with process reinvention.

By Jeremy KahnJune 11, 2026
After backlash, Anthropic says its AI will now tell users when their request is being rejected or downgraded for national security concerns

Anthropic’s latest model previously downgraded certain user requests quietly and without warning.

By Marco Quiroz-GutierrezJune 11, 2026
Canada joins global movement to ban social media for kids: ‘We are failing our children. Enough is enough’

New legislation puts the burden of proof on companies — not parents — to demonstrate their platforms are safe, mirroring Australia’s ban.

By Rob Gillies and The Associated PressJune 11, 2026
Westchester County built a 600-camera plate reader network that shared 1.6 billion scans with ICE, lawsuit says

A class action lawsuit alleges the county shared years of motorist travel data with 50+ agencies including ICE, with no public authorization.

By Byron Tau and The Associated PressJune 11, 2026
More in Cybersecurity
Latest Stories
‘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 thing
North America‘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 thing
By Catherina GioinoJune 12, 2026
Liability Car Insurance Explained: What It Covers and How Much You Need
Personal FinanceLiability Car Insurance Explained: What It Covers and How Much You Need
By Joseph HostetlerJune 12, 2026
Secured debt vs. unsecured debt: What’s the difference?
Personal FinanceSecured debt vs. unsecured debt: What’s the difference?
By Joseph HostetlerJune 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
gavin
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
ss
Commentary‘Soccernomics’ co-author: FIFA’s ticket strategy isn’t price discovery, it’s a wealth filter
By Stefan Szymanski and The ConversationJune 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
fla
EnvironmentFlorida’s insurance exodus is triggering a 2008-style chain reaction — with one critical difference
By The ConversationJune 12, 2026
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Companies are abandoning ‘peanut butter’ raises as pay-for-performance takes over the workplace in the AI era
Future of WorkCompanies are abandoning ‘peanut butter’ raises as pay-for-performance takes over the workplace in the AI era
By Marco Quiroz-GutierrezMay 9, 2026
  • President Donald Trump after signing executive orders in the Oval Office of the White House on April 30, 2026 in Washington, D.C. (Photo: Andrew Harnik/Getty Images)
    NewslettersTrump’s AI policies sound oh so familiar
    By Andrew NuscaMay 7, 2026
Goldman Sachs’ tech boss says tracking individual AI usage isn’t useful. He just watches how fast his 12,000 engineers move from idea to production
AIGoldman Sachs’ tech boss says tracking individual AI usage isn’t useful. He just watches how fast his 12,000 engineers move from idea to production
By Marco Quiroz-GutierrezMay 8, 2026
hacking
CybersecurityStudent hackers get revenge on final exams as ‘ShinyHunters’ takes down nearly 9,000 schools study software
By Heather Hollingsworth and The Associated PressMay 8, 2026
Michael Saylor says remarks about selling Bitcoin were intended to jam short-sellers and ‘haters’ 
CryptoMichael Saylor says remarks about selling Bitcoin were intended to jam short-sellers and ‘haters’ 
By Ben WeissMay 8, 2026
Apple promised a smarter Siri, but a lawsuit says it didn’t deliver—and you can get up to $95 back
LawApple promised a smarter Siri, but a lawsuit says it didn’t deliver—and you can get up to $95 back
By Catherina GioinoMay 8, 2026
Fortune 500 Power Moves: Which executives gained and lost power this week (May 2-8, 2026)
C-SuiteFortune 500 Power Moves: Which executives gained and lost power this week (May 2-8, 2026)
By Fortune EditorsMay 8, 2026
  • Wall Street has decided the war is already over as stocks rally globally on peace talk progress
    PoliticsWall Street has decided the war is already over as stocks rally globally on peace talk progress
    By Jim EdwardsMay 7, 2026
Tired hispanic man in a professional suit feeling sad while waiting for the appointment of a job interview at a recruitment office
EconomyThe job market is healing for everyone—except in the office
By Eva RoytburgMay 8, 2026
Anthropic grew 80-fold in a single quarter. Now it’s renting Elon Musk’s data center to cope
AIAnthropic grew 80-fold in a single quarter. Now it’s renting Elon Musk’s data center to cope
By Marco Quiroz-GutierrezMay 8, 2026
Anduril CEO Brian Schimpf
NewslettersBrian Schimpf has been quietly running Anduril since its earliest days. And once he’s talking, he has a lot to say
By Allie GarfinkleMay 8, 2026
The U.S. Securities and Exchange Commission headquarters in Washington, D.C.
AIIs quarterly reporting hurting investors or helping them? The SEC just weighed in—and the debate is far from over
By Sheryl EstradaMay 8, 2026
Apple AirPods Pro in Cupertino, California, on Sept. 9, 2025. (Photo: David Paul Morris/Bloomberg/Getty Images)
NewslettersApple AirPods with cameras are coming
By Andrew NuscaMay 8, 2026
  • san francisco
    Real EstateAI is quietly splitting the housing market in two: Bay Area luxury homes are up 13%, affordable ones are collapsing
    By Jake AngeloMay 7, 2026
Match Group CEO Spencer Rascoff
SuccessMatch Group’s CEO revived a shuttered Tinder internship program for Gen Z—and received over 30,000 applications for just 27 spots
By Emma BurleighMay 8, 2026
Wall Street piles into ‘NACHO’ bet on looming oil shortages in June
EconomyWall Street piles into ‘NACHO’ bet on looming oil shortages in June
By Jim EdwardsMay 8, 2026
Why CEO Bill McDermott says ServiceNow’s 39% stock crash is Saaspocalypse ‘nonsense’ and why AI will make it a trillion-dollar company
AIWhy CEO Bill McDermott says ServiceNow’s 39% stock crash is Saaspocalypse ‘nonsense’ and why AI will make it a trillion-dollar company
By Alexei OreskovicMay 8, 2026
amit
AI$96 billion giant ServiceNow doesn’t see a ‘SaaSpocalypse.’ It sees the ‘hard lift, heavy lifting’ phase just beginning
By Nick LichtenbergMay 7, 2026
Indosat CEO Vikram Sinha is building an AI for Indonesia’s local languages. Can he make a business case for sovereignty? 
AsiaIndosat CEO Vikram Sinha is building an AI for Indonesia’s local languages. Can he make a business case for sovereignty? 
By Nicholas GordonMay 7, 2026
Photo of Elon Musk
AIElon Musk called Anthropic ‘evil’ 3 months ago. Now he’s taking $4 billion to become its data landlord
By Eva RoytburgMay 7, 2026
keynes
AIThe AI job apocalypse is ‘unhelpful marketing, bad economics and worse history,’ a16z says
By Nick LichtenbergMay 7, 2026
Stripe CEO Patrick Collison says a wave of token theft is wreaking havoc on the AI economy
CybersecurityStripe CEO Patrick Collison says a wave of token theft is wreaking havoc on the AI economy
By Jeff John RobertsMay 7, 2026
people watching tv
Arts & EntertainmentGen Z just broke the streaming model: A majority subscribe, binge, and cancel over and over, study finds
By Jake AngeloMay 7, 2026
Anthropic’s SpaceX compute deal comes as AI data center backlash grows—fueled by both real grievances and conspiracy theories
NewslettersAnthropic’s SpaceX compute deal comes as AI data center backlash grows—fueled by both real grievances and conspiracy theories
By Sharon GoldmanMay 7, 2026
Airbnb cofounder and CEO Brian Chesky
SuccessAirbnb CEO Brian Chesky warns two types of people won’t survive the AI era: ‘pure people managers’ and workers who resist change
By Emma BurleighMay 7, 2026
Addiction, emotional distress, dread of dull tasks: AI models ‘seem to increasingly behave’ as though they’re sentient, worrying study shows
AIAddiction, emotional distress, dread of dull tasks: AI models ‘seem to increasingly behave’ as though they’re sentient, worrying study shows
By Catherina GioinoMay 7, 2026
amanda
CommentaryWhy energy storage is moving beyond the capex debate
By Amanda SimonianMay 7, 2026
Elizabeth Warren speaks into a microphone during a Senate Banking Committee meeting
CryptoElizabeth Warren seeks information on Meta’s latest stablecoin plans in letter to Mark Zuckerberg
By Jack KubinecMay 7, 2026
mahan
PoliticsSilicon Valley sees only one ‘sane’ Democrat running for governor: a 43-year-old former tech executive
By Trân Nguyễn and The Associated PressMay 7, 2026
A stack of coins tumbles over on top of a solid background.
CryptoCrypto users keep getting robbed because of a simple design flaw—but a solution is at hand
By William MougayarMay 7, 2026
nyse
CommentaryYour trusted advocate or your rebellious Frankenstein: how you deploy agentic AI determines which one you get
By Jeffrey Sonnenfeld, Stephen Henriques, Yevheniia Podurets and Jasmine GarryMay 7, 2026
Exclusive: Gusto crosses $1 billion in 12-month trailing revenue
NewslettersExclusive: Gusto crosses $1 billion in 12-month trailing revenue
By Allie GarfinkleMay 7, 2026
Gusto’s path to $1 billion in revenue, milestone-by-milestone
Startups & VentureGusto’s path to $1 billion in revenue, milestone-by-milestone
By Allie GarfinkleMay 7, 2026
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Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it backplaceholder alt text
By Catherina GioinoJune 9, 2026
Investing
When SpaceX starts trading, some 'shareholders' will discover they own nothing at allplaceholder alt text
By Jim EdwardsJune 12, 2026
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longerplaceholder alt text
By Sasha RogelbergJune 10, 2026
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