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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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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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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45

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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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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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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
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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
SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big
SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big
By Shawn TullyJune 11, 2026
Three ways that Asia’s enterprises are adopting AI—and where they are falling behind
Three ways that Asia’s enterprises are adopting AI—and where they are falling behind
By Garrett IlgJune 11, 2026
Exclusive: Consumer device giant LG Electronics to launch blockchain to place and sell ads
Exclusive: Consumer device giant LG Electronics to launch blockchain to place and sell ads
By Jack Kubinec and Ben WeissJune 11, 2026
Dr. Shiv Rao speaks
Abridge wants to be the operating system for medicine—and NVIDIA and Eli Lilly are helping build it
By Lily Mae LazarusJune 11, 2026
Silicon Valley insiders warn U.S. defense supply chain is unprepared for modern warfare
Silicon Valley insiders warn U.S. defense supply chain is unprepared for modern warfare
By Sebastian HerreraJune 11, 2026
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Big Tech
More in Big Tech
After backlash, Anthropic says its AI will now tell users when their request is being rejected or downgraded for national security concerns
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
Brazil’s biggest soccer broadcaster Is now a guy who started on Twitch. He beat Globo

Casimiro Miguel is 32. His channel has all 104 World Cup games in the world’s most soccer-obsessed country.

By Nick Lichtenberg, Tales Azzoni and The Associated PressJune 11, 2026
Gates testifies on Epstein: previous Fortune investigation reveals payments to his ex-girlfriend, $1M Microsoft deal

Bill Gates said Wednesday that he made a “grave error in judgment” by meeting with Jeffrey Epstein.

By Eva Roytburg, Joey Cappelletti, Hannah Schoenbaum and The Associated PressJune 10, 2026
T-minus 24 hours: On the eve of SpaceX IPO liftoff some Wall Street analysts say the stock is worth only half of Elon Musk’s price

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

By Jim EdwardsJune 11, 2026
More in Big Tech
Startups & Venture
More in Startups & Venture
As SpaceX goes public, a $100 billion shadow market faces a reckoning
As SpaceX goes public, a $100 billion shadow market faces a reckoning

SpaceX’s public debut could kick off months (or even years) of reckoning in the venture secondaries market, the pre-IPO Wild West.

By Allie GarfinkleJune 11, 2026
‘China follows Musk very closely’: While SpaceX blocked Chinese investors from IPO, China’s space firms prep their own as a counterweight

China has ramped up its space initiatives to compete with SpaceX’s ascent in the last three years, with some commercial space firms eying similar satellite and rocket launch goals.

By Mia OsmonbekovJune 11, 2026
While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit—and beyond

In addition to rocket companies that launch payloads into orbit, others in the sector develop satellites and vehicles or provide space-based services like communications or imagery.

By Jason MaJune 11, 2026
Meet the SpaceX employees who are set to become multimillionaires thanks to its IPO: from execs to even welders

The winners of SpaceX’s blockbuster IPO—valuing the company at $1.75 trillion—might not just be investors, but also the ones who welded the rockets.

By Preston ForeJune 11, 2026
More in Startups & Venture
AI
More in AI
The real hurdle to enterprise AI isn’t fixing productivity KPIs. It’s ‘unlearning’ old habits, experts say
The real hurdle to enterprise AI isn’t fixing productivity KPIs. It’s ‘unlearning’ old habits, experts say

At Fortune Brainstorm Tech, industry experts discussed why practices like measuring hours saved is the wrong KPI for the AI age.

By Sebastian HerreraJune 11, 2026
Tech leaders argue AI’s real future Is task augmentation, not mass layoffs

CEOs of C.H. Robinson and Agility Robotics said today’s cutting-edge of automation isn’t replacing the whole human.

By Sebastian HerreraJune 11, 2026
Stranded on a Denver tarmac, Booking.com’s CEO envisions the AI that should have rerouted him to Aspen before takeoff

At Fortune’s Brainstorm Tech conference, Booking Holdings CEO Glenn Fogel described the AI travel agent he wants to build, while Ryan Serhant shared how ChatGPT nearly ruined a $50 million deal.

By Sydney LakeJune 11, 2026
The head of Claude Code hasn’t ‘written a line of code by hand’ in 8 months

Boris Cherny was asked at Brainstorm Tech if he was concerned about the rapid progress of AI: “Yes.”

By Nick LichtenbergJune 11, 2026
More in AI
Innovation
More in Innovation
A man in a suit jacket gestures with his hands.
SpaceX is about to make history—and 80% of VCs won’t see a dime of it

A live Term Sheet meetup of investors agreed SpaceX, OpenAI, and Anthropic will reward a sliver of venture. But most of the industry will be watching from the sidelines.

By Amanda GerutJune 11, 2026
Meet the Fortune Crypto Innovators

These 30 companies and projects are pushing the digital assets ecosystem forward.

By FortuneJune 11, 2026
The space economy’s next frontier is in ground infrastructure, Northwood Space CEO says

At Fortune Brainstorm Tech conference, Bridgit Mendler emphasized how massive leaps in launch capacity and spacecraft manufacturing are supercharging the space economy.

By Sebastian HerreraJune 10, 2026
SpaceX’s record IPO has Wall Street torn between a Musk ‘holy grail’ and a $135-per-share leap of faith

Analysts disagree on whether SpaceX is worth what Musk is asking.

By Marco Quiroz-GutierrezJune 11, 2026
More in Innovation
Cybersecurity
More in Cybersecurity
ice
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
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
Digital sovereignty isn’t the same thing as digital isolation. Asia’s governments should be careful

Treating server location as an expression of sovereignty threatens resilience, competition, and ASEAN’s ambitions for a shared digital market.

By Leonard LimJune 10, 2026
South Korea fines Coupang record $409 million for data breach

Coupang has been under fire after regulators discovered a former employee improperly accessed personal information from nearly 34 million accounts.

By Jaehyun Eom, Shinhye Kang and BloombergJune 11, 2026
More in Cybersecurity
Latest Stories
defense
PoliticsTrump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed
By Jill Lawless, Danica Kirka and The Associated PressJune 11, 2026
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 10, 2026 in New York City.
InvestingBank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%
By Eva RoytburgJune 11, 2026
Full Coverage Car Insurance: What It Covers, What It Costs, and Who Needs It
Personal FinanceFull Coverage Car Insurance: What It Covers, What It Costs, and Who Needs It
By Joseph HostetlerJune 11, 2026
Testosil Review (2026): Testosterone Supplement Reviewed
HealthTestosil Review (2026): Testosterone Supplement Reviewed
By Christina SnyderJune 11, 2026
BrickHouse Nutrition Field of Greens Review (2026)
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By Emily PharesJune 11, 2026
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
SuccessAmerican taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
By Catherina GioinoJune 11, 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
Bridgit Mendler, co-founder and CEO of Northwood, at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
NewslettersHow Hollywood trained Bridgit Mendler for life as a space founder
By Emma HinchliffeJune 11, 2026
More TechPage 3 of 100
Jeff Bezos commits himself to make ‘three good decisions a day,’ inspired by Warren Buffett’s philosophy of making smart choices
SuccessJeff Bezos commits himself to make ‘three good decisions a day,’ inspired by Warren Buffett’s philosophy of making smart choices
By Sydney LakeJune 8, 2026
  • Photo of Elon Musk
    AIElon Musk bulletproofed his $1 trillion ‘Mars-shot’ pay at SpaceX after the epic battle over his $56 billion moonshot at Tesla
    By Amanda GerutJune 6, 2026
Inside Trump’s Oval Office deal machine
MagazineInside Trump’s Oval Office deal machine
By Alyson ShontellJune 8, 2026
Spotify’s secret to winning the hiring war? Keep your talent moving and growing
EuropeSpotify’s secret to winning the hiring war? Keep your talent moving and growing
By Francesca CassidyJune 8, 2026
solomon
C-SuiteExclusive: Goldman Sachs intern acceptance rate falls below 1% for third straight year
By Nick LichtenbergJune 8, 2026
Bending Spoons, the Italian app acquirer behind AOL, Evernote, Vimeo, and WeTransfer, files for a U.S. IPO
Startups & VentureBending Spoons, the Italian app acquirer behind AOL, Evernote, Vimeo, and WeTransfer, files for a U.S. IPO
By Catherina GioinoJune 8, 2026
Sarah Franklin, Chief Executive Officer of Lattice, and Francine Katsoudas, EVP and Chief People, Policy and Purpose Officer at Cisco, speak at Fortune's COO Summit with Kristin Stoller, Editorial Director at Fortune.
NewslettersAI disruption arrived 6 years early—now executives are drawing the line
By Kristin StollerJune 8, 2026
  • Upset frustrated and confused female worker folding hands on chin
    Future of WorkA CEO denied raises to spend money on AI instead. Companies have ‘no idea what they’re going to need in a workforce’ when the AI race is over
    By Jacqueline MunisJune 6, 2026
from left to right: Omer Gull, Yuval Itzchakov, and Yossi Torati
CybersecurityWhy Lightspeed and Wiz’s Assaf Rappaport bet $37 million on an AI-powered cyberattacker
By Lily Mae LazarusJune 8, 2026
In this AI-driven world, Todd Boehly has spotted the best test for leadership. Someone who is willing to say “I don’t know”
EuropeIn this AI-driven world, Todd Boehly has spotted the best test for leadership. Someone who is willing to say “I don’t know”
By Kamal AhmedJune 8, 2026
David Sacks, then the White House Special Advisor for AI and Crypto, at the White House on September 04, 2025 in Washington, D.C. (Photo: Chip Somodevilla/Getty Images)
NewslettersDavid Sacks has concerns about government equity in AI companies
By Andrew NuscaJune 8, 2026
‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
Economy‘We didn’t see this coming’: Wall Street eats its forecasts as stocks sell off globally on fear of AI bubble ahead of SpaceX IPO
By Jim EdwardsJune 8, 2026
Tech leaders are moving beyond AI hype: Here’s what’s actually working
EuropeTech leaders are moving beyond AI hype: Here’s what’s actually working
By Francesca CassidyJune 8, 2026
  • SpaceX needs to grow at a rate no company has ever achieved to justify a $1.75 trillion valuation
    InvestingSpaceX needs to grow at a rate no company has ever achieved to justify a $1.75 trillion valuation
    By Shawn TullyJune 6, 2026
Fortune Brainstorm Tech 2026 livestream
ConferencesFortune Brainstorm Tech 2026 livestream
By Fortune EditorsJune 8, 2026
‘Yet another way in which 2026 is looking like 1999’: Top analyst fears bubble popping with investors and Wall Street out over their skis
Investing‘Yet another way in which 2026 is looking like 1999’: Top analyst fears bubble popping with investors and Wall Street out over their skis
By Nick LichtenbergJune 8, 2026
Markets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos
InvestingMarkets face triple threat of Iran war reigniting, AI bubble popping, and Fed rates rising while epic SpaceX IPO could fuel even more chaos
By Jason MaJune 7, 2026
Nvidia’s CEO says new Vera chip will use SK Hynix’s memory chips
Big TechNvidia’s CEO says new Vera chip will use SK Hynix’s memory chips
By Yoolim Lee and BloombergJune 7, 2026
SpaceX’s IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX
InvestingSpaceX’s IPO will also be a massive selling event triggering big price dislocations across the stock market as investors dump shares to buy SPCX
By Jason MaJune 7, 2026
OpenAI readies ‘superapp’ pivot ahead of planned IPO, FT reports
AIOpenAI readies ‘superapp’ pivot ahead of planned IPO, FT reports
By Amedeo Goria and BloombergJune 7, 2026
Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone’
Big TechTrump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone’
By Eva RoytburgJune 7, 2026
AI’s mega stock deals raise specter of more shares than buyers
AIAI’s mega stock deals raise specter of more shares than buyers
By Jeran Wittenstein, Henry Ren and BloombergJune 7, 2026
Banks lay groundwork for mass workforce cuts as AI takes hold
AIBanks lay groundwork for mass workforce cuts as AI takes hold
By Meg Short and BloombergJune 7, 2026
Anthropic CEO Dario Amodei spends 40% of his time on culture, not AI—including a biweekly ‘vision quest’ where he ditches ‘corpo speak’
AIAnthropic CEO Dario Amodei spends 40% of his time on culture, not AI—including a biweekly ‘vision quest’ where he ditches ‘corpo speak’
By Marco Quiroz-GutierrezJune 7, 2026
Sam Altman and Oliver Mulherin pose
C-SuiteOpenAI’s Sam Altman says his highly disciplined daily routine has ‘fallen to crap’—and now unwinds on weekends at a ranch with no cell phone service
By Jacqueline MunisJune 7, 2026
Pastel colored sky casting shadows over the colorful houses and behind Sutro Tower.
Real EstateThis realtor is betting big on the AI IPO boom, but buying a house with stock will have to go through the OpenAI’s and Anthropic’s boards first
By Jacqueline MunisJune 7, 2026
da
CommentaryThe short seller’s argument nobody on the coming mega IPO roadshow wants you to make
By Bhaskar ChakravortiJune 7, 2026
SpaceX and other mega IPOs may wait years to join the S&P 500
InvestingSpaceX and other mega IPOs may wait years to join the S&P 500
By Bailey Lipschultz, Vildana Hajric and BloombergJune 6, 2026
Former AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes
AIFormer AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes
By Jason MaJune 6, 2026
Marvell Technology, Flex to join S&P 500 later this month
InvestingMarvell Technology, Flex to join S&P 500 later this month
By Isabelle Lee and BloombergJune 6, 2026
bernie
AIBernie Sanders and Sam Altman’s private one-hour meeting about the public ownership of AI
By Joey Cappelletti, Seung Min Kim and The Associated PressJune 6, 2026
Chinese humanoid robots dominate the market with thousands shipped a year. But most are still performative rather than functional
InnovationChinese humanoid robots dominate the market with thousands shipped a year. But most are still performative rather than functional
By Chan Ho-Him and The Associated PressJune 6, 2026
sa
CommentaryWhen good money goes bad: the question SpaceX and OpenAI investors aren’t asking
By Rory McDonaldJune 6, 2026
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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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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
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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45placeholder alt text
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