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

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1

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

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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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Current price of oil as of June 12, 2026
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Raquel Urtasun
The ‘AI superstar’ CEO behind a self-driving truck unicorn on why Gen Z is a better hiring bet than industry veterans

Raquel Urtasun, co-founder of autonomous truck startup Waabi, talks to Fortune about unicorn hiring in the AI age: “Fear can paralyze your ability to embrace that change.”

By Preston ForeJune 13, 2026
Bret Johnsen looks up, smiling, as he claps his hands.
SpaceX CFO Bret Johnsen quietly engineered its historic IPO and became an overnight billionaire
By Sasha RogelbergJune 13, 2026
Inside the race to rebuild America’s fuel supply chain for a ‘second nuclear age’
Inside the race to rebuild America’s fuel supply chain for a ‘second nuclear age’
By Jordan BlumJune 13, 2026
Anthropic cofounder and CEO Dario Amodei pictured in profile.
Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access
By Jeremy KahnJune 13, 2026
How Elon Musk rewrote SpaceX’s story—and turned it into the greatest IPO debut in history
How Elon Musk rewrote SpaceX’s story—and turned it into the greatest IPO debut in history
By Shawn TullyJune 13, 2026
axel
Our budgeted $180 million year ended in the red after the Ukraine war. Here’s how we survived
By Axel SöderbergJune 13, 2026
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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
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Startups & Venture
More in Startups & Venture
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
Despite his new trillionaire status, Elon Musk says money ‘will stop being relevant’ in the future because of AI

The SpaceX CEO envisions a world where robots serve humans, and the output of goods and services will far exceed the supply of money, creating deflation.

By Sasha RogelbergJune 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’

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

By Marco Quiroz-GutierrezJune 12, 2026
DoorDash wants you to stop scrolling and just tell its new AI chatbot what you’re hungry for

The chatbot will be rolled out to more users in the coming weeks.

By Dave Lozo and Morning BrewJune 12, 2026
More in Startups & Venture
AI
More in AI
Courtney Robinson, head of policy and communications, at Akoya speaks on a panel at Fortune Brainstorm Tech 2026.
AI shopping agents are coming. No one is ready for them

Lack of standards around fraud prevention, security, and returns hamper growth of AI agents, experts said at the Fortune Brainstorm Tech conference.

By Jeremy KahnJune 12, 2026
AI can be a ‘secret sauce’ or a way of ‘democratizing mediocrity’—Here’s how business leaders are getting the best of the technology

AI tools can be the most effective and well-designed in the world, but two people can use the same tool and get to vastly different results.

By Amanda GerutJune 12, 2026
AI was supposed to cut health care costs. One of its first jobs was charging you more, PwC report shows

AI is one of five potential drivers of health costs climbing up to 9% in 2027, according to PwC.

By Whizy Kim and Tech BrewJune 12, 2026
Why companies are treating AI as a strategic partner rather than a passive technology, and how to avoid an ‘AI hangover’

Building operational AI at scale requires more than just raw algorithmic power, business and tech experts said at Fortune Brainstorm Tech.

By Sebastian HerreraJune 12, 2026
More in AI
Innovation
More in Innovation
owen
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
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
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
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
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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
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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
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By Joseph HostetlerJune 12, 2026
Secured debt vs. unsecured debt: What’s the difference?
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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
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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
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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
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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
paul
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
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mukund
CommentaryMark Zuckerberg is building an AI clone of himself. Most people just need help with their inbox
By Mukund JhaApril 28, 2026
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    AIAI smart glasses are helping visually impaired runners take on the London Marathon
    By The Associated Press and Mustakim HasnathApril 24, 2026
Bryan Catanzaro sits in a gray chair in front of a blue and green background.
AI‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
China’s decision to block the $2 billion Meta-Manus deal shows how far Washington and Beijing are drifting apart over AI
AsiaChina’s decision to block the $2 billion Meta-Manus deal shows how far Washington and Beijing are drifting apart over AI
By Nicholas GordonApril 28, 2026
Elon Musk and Sam Altman on-stage together at a 2015 conference.
LawMusk vs. Altman: Burning Man, a ‘diary,’ and a trial almost no one thinks Musk can win
By Eva RoytburgApril 27, 2026
students walk on a brick-paved path surrounded by trees with fall-colored leaves
Future of WorkMeet a 20-year-old student who changed her major to marketing to ‘AI-proof’ her career
By Jocelyn Gecker, Linley Sanders and The Associated PressApril 27, 2026
Reed Hastings says AI will drive a return to humanities: ‘I’d be doubling down on emotional skills’
AIReed Hastings says AI will drive a return to humanities: ‘I’d be doubling down on emotional skills’
By Marco Quiroz-GutierrezApril 27, 2026
  • Data centers are finding a surprising way to deploy batteries
    EnergyData centers are finding a surprising way to deploy batteries
    By Mark Chediak, Michelle Ma and BloombergApril 24, 2026
Marc benioff
AISalesforce CEO Marc Benioff says AI won’t kill entry-level jobs. He’s hiring 1,000 new grads to prove it
By Jake AngeloApril 27, 2026
John Ternus, incoming CEO of Apple
SuccessIncoming Apple CEO John Ternus tells Gen Z an early mistake taught him an important lesson: ‘The care you put into your work really matters’
By Emma BurleighApril 27, 2026
A bank robber made off with $195,000 and got caught after his cell pinged a geofence. Now SCOTUS decides whether that violated the Fourth Amendment
LawA bank robber made off with $195,000 and got caught after his cell pinged a geofence. Now SCOTUS decides whether that violated the Fourth Amendment
By The Associated Press and Mark ShermanApril 27, 2026
How a chance encounter in Texas sparked a $1 billion Kleiner Perkins-backed AI startup
NewslettersHow a chance encounter in Texas sparked a $1 billion Kleiner Perkins-backed AI startup
By Allie GarfinkleApril 27, 2026
Palantir Technologies CEO Alex Karp in Davos, Switzerland in January 2026. (Photo by Fabrice Coffrini/AFP/Getty Images)
NewslettersPalantir staff reportedly question company’s commitment to civil liberties
By Andrew NuscaApril 27, 2026
  • Cohere’s European push highlights the rise of AI’s middle powers beyond the US and China
    AICohere’s European push highlights the rise of AI’s middle powers beyond the US and China
    By Sharon GoldmanApril 24, 2026
John Ternus, Apple’s new CEO, inherits a rebounding China business—and some messy headaches
AsiaJohn Ternus, Apple’s new CEO, inherits a rebounding China business—and some messy headaches
By Nicholas GordonApril 26, 2026
Sergey Brin confronted Gavin Newsom at a treehouse party — then launched a political war
PoliticsSergey Brin confronted Gavin Newsom at a treehouse party — then launched a political war
By Eliyahu Kamisher, Biz Carson and BloombergApril 26, 2026
Elon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: ‘It won’t matter’
Future of WorkElon Musk says saving for retirement is irrelevant because AI is going to create a world of abundance: ‘It won’t matter’
By Marco Quiroz-GutierrezApril 26, 2026
Why the key to American drone dominance lies with blockchain
CybersecurityWhy the key to American drone dominance lies with blockchain
By Mike Horton and Adam WinnickApril 26, 2026
Woman tired while looking at computer
CommentaryAI is frying our brains — here’s what leaders need to do about It
By David Rock and Chris WellerApril 26, 2026
Satya Nadella
Big TechMore than 90,000 tech workers have been laid off this year. But here’s why companies like Microsoft are offering voluntary buyouts instead
By Jacqueline MunisApril 26, 2026
clara shih
Future of Work‘You feel radicalized’: A Meta AI exec watched agents beat her top workers. Now she’s built a nonprofit to help Gen Z find jobs before they disappear
By Jake AngeloApril 26, 2026
A Mark Cuban-backed AI startup is helping families turn conversations with their elderly relatives into lasting memories
Startups & VentureA Mark Cuban-backed AI startup is helping families turn conversations with their elderly relatives into lasting memories
By Marco Quiroz-GutierrezApril 25, 2026
SpaceX, Anduril among companies to win Golden Dome contracts
PoliticsSpaceX, Anduril among companies to win Golden Dome contracts
By Tony Capaccio and BloombergApril 25, 2026
Musk drops fraud claims against OpenAI, Altman ahead of trial
LawMusk drops fraud claims against OpenAI, Altman ahead of trial
By Madlin Mekelburg, Robert Burnson and BloombergApril 25, 2026
mark
CommentaryI lost my job to AI. Here’s why mass layoffs won’t transform your company
By Mark QuinnApril 25, 2026
Late Apple cofounder Steve Jobs
SuccessApple’s Steve Jobs told students to never ‘settle’ in their careers: ‘If you haven’t found it yet, keep looking’
By Emma BurleighApril 25, 2026
A teen boy lays on a bed looking at his phone.
LawMost Australian teens admit the social media ban isn’t working as they try to sidestep age verification blocks with face masks and their parents’ IDs
By Sasha RogelbergApril 25, 2026
Man with dark hard and a suit
CybersecurityNorth Korean IT workers are stealing remote jobs and raking in billions—and Americans are helping them do it
By Amanda GerutApril 25, 2026
Duke Energy trucks amassed in January at the Charlotte Motor Speedway to help restore power after Winter Storm Fern.
EnergyUtility giant Duke Energy plans to spend industry record $103 billion on growth as data centers and affordability take center stage
By Jordan BlumApril 25, 2026
Ron Schneidermann
SuccessThis CEO lived on canned soup and took just two days off for his daughter’s birth. Now he admits he lost sight of proper work-life balance
By Preston ForeApril 25, 2026
According to Warren Buffett’s math the stock market is officially in ‘playing with fire’ territory. So when is the next crash coming?
InvestingAccording to Warren Buffett’s math the stock market is officially in ‘playing with fire’ territory. So when is the next crash coming?
By Shawn TullyApril 25, 2026
A replica of a Lockheed Martin missile
Politics‘A golden opportunity right now based on who’s in government.’ Trump’s bellicose presidency means defense firms are raking it in
By Tristan BoveApril 25, 2026
investors
EconomyIntel’s blowout quarter just sparked its best day since 1987
By The Associated Press and Stan ChoeApril 24, 2026
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Investing
When SpaceX starts trading, some 'shareholders' will discover they own nothing at allplaceholder alt text
By Jim EdwardsJune 12, 2026
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
Personal Finance
Current price of oil as of June 12, 2026placeholder alt text
By Joseph HostetlerJune 12, 2026
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