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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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America just committed $1.2 trillion to fix its infrastructure. We’re still flying blind

A data center secretly drained 29 million gallons from a drought-stricken Georgia county. Digital twins could have caught it in real time.

By Gregg HerrinJune 13, 2026
Melinda French Gates’ advice to new IPO millionaires: ‘Give half your money away’
Melinda French Gates’ advice to new IPO millionaires: ‘Give half your money away’
By Emma HinchliffeJune 13, 2026
Aravind Srinivas wearing glasses
CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
By Preston ForeJune 13, 2026
Raquel Urtasun
The ‘AI superstar’ CEO behind a self-driving truck unicorn on why Gen Z is a better hiring bet than industry veterans
By Preston ForeJune 13, 2026
cyber
Accenture cyber leads: why hiring more people won’t solve the cybersecurity talent gap
By Harpreet Sidhu and Vikram DesaiJune 13, 2026
t
AI is making promises your brand never made. Hotels are paying the price
By Teresa MackintoshJune 13, 2026
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Big Tech
More in Big Tech
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 convincing investors that AI will power his moonshot, SpaceX broke records in its trading debut.

By Shawn TullyJune 13, 2026
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
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
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
More in Big Tech
Startups & Venture
More in Startups & Venture
Bret Johnsen looks up, smiling, as he claps his hands.
SpaceX CFO Bret Johnsen quietly engineered its historic IPO and became an overnight billionaire

Johnsen, SpaceX’s longest-tenured and only CFO, is now worth about $1.4 billion.

By Sasha RogelbergJune 13, 2026
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
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
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
More in Startups & Venture
AI
More in AI
axel
Our budgeted $180 million year ended in the red after the Ukraine war. Here’s how we survived

A 30% sales crash on a ski trip was the first sign we were in trouble. Four years later, I’m in a new business in a new country.

By Axel SöderbergJune 13, 2026
Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access

The directive would even bar Anthropic’s own foreign employees from using Fable and Mythos. Anthropic called the government position “a misunderstanding”.

By Jeremy KahnJune 13, 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 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
More in AI
Innovation
More in Innovation
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’

A ‘second nuclear age’ looms, but the industry faces a major uranium problem.

By Jordan BlumJune 13, 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 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
Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
SuccessJamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
By Marco Quiroz-GutierrezJune 13, 2026
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
Real EstateGen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
By Sydney LakeJune 13, 2026
‘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
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
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
More TechPage 59 of 100
Tech leaders hold hands on stage at India's AI Impact Summit.
AIInside India’s AI Impact Summit: Robot fraud, gridlocked roads, and a no-show from Bill Gates
By Beatrice NolanFebruary 23, 2026
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    EnergyVoter fury and the American energy ‘paradox’: Higher utility bills, record oil and gas production—and 45% of the world’s data centers
    By Catherina GioinoFebruary 20, 2026
The 29-year old investor who went from selling fake IDs to backing Poppi raises a $75 million fund to invest in brands with a ‘cultural edge’
NewslettersThe 29-year old investor who went from selling fake IDs to backing Poppi raises a $75 million fund to invest in brands with a ‘cultural edge’
By Leo SchwartzFebruary 23, 2026
Microsoft’s gaming shake up touts Xbox resurgence—but ignites fears of incoming AI slop
NewslettersMicrosoft’s gaming shake up touts Xbox resurgence—but ignites fears of incoming AI slop
By Alexei OreskovicFebruary 23, 2026
DBS, Southeast Asia’s largest bank, partners with VC giant Granite Asia to counter the region’s lack of capital
BankingDBS, Southeast Asia’s largest bank, partners with VC giant Granite Asia to counter the region’s lack of capital
By Angelica Ang and Andrew StaplesFebruary 22, 2026
daron acemoglu
AIThe Nobel laureate who cowrote ‘Why Nations Fail’ warns U.S. democracy won’t survive unless these two things change
By Jake AngeloFebruary 22, 2026
jesse
CommentaryA decade ago, I had a front row seat as Jesse Jackson held big tech firms accountable for being overwhelmingly white and male
By Brennan Nevada JohnsonFebruary 22, 2026
  • Defy Ventures teaches entrepreneurship in prisons. It changed how I think about founders
    NewslettersDefy Ventures teaches entrepreneurship in prisons. It changed how I think about founders
    By Allie GarfinkleFebruary 20, 2026
Man wearing a suit awkwardly takes a video call on a laptop
Future of WorkRecruiter reveals broken Zoom interview etiquette: bathrobes, yoga, and outsourcing thinking to AI
By Nick LichtenbergFebruary 22, 2026
Fortune Archives: Amazon on top
NewslettersFortune Archives: Amazon on top
By Indrani SenFebruary 22, 2026
werfel
CommentaryFormer IRS Commissioner: Here’s how we used AI to create immediate value when taxpayers scrutinized every dollar
By Danny WerfelFebruary 22, 2026
DOJ probes Netflix’s power over filmmakers in Warner deal review
LawDOJ probes Netflix’s power over filmmakers in Warner deal review
By Josh Sisco and BloombergFebruary 21, 2026
Microsoft CEO Satya Nadella says Bill Gates told him his big bet on OpenAI would be a flop: ‘Yeah, you’re going to burn this billion dollars’
Big TechMicrosoft CEO Satya Nadella says Bill Gates told him his big bet on OpenAI would be a flop: ‘Yeah, you’re going to burn this billion dollars’
By Marco Quiroz-GutierrezFebruary 21, 2026
  • Waymo’s New York dreams are dashed—for now
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    By Alexei OreskovicFebruary 20, 2026
U.S. military airlifts small nuclear reactor for the first time, flying a minivan-sized microreactor nearly 700 miles on a C-17
InnovationU.S. military airlifts small nuclear reactor for the first time, flying a minivan-sized microreactor nearly 700 miles on a C-17
By Matthew Daly and The Associated PressFebruary 21, 2026
taylor
CommentaryHow fandom became culture’s power center — and a blueprint for Gen Z’s economic influence
By Reid LitmanFebruary 21, 2026
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Startups & Venture‘I have a chip on my shoulder.’ Phoebe Gates wants her $185 million AI startup Phia to succeed with ‘no ties to my privilege or my last name’
By Sydney LakeFebruary 21, 2026
tanmai
AIYou have 18 months to figure out your office job, $1 billion CEO says. But it’s not going away
By Nick LichtenbergFebruary 21, 2026
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
Big TechPeter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
By Marco Quiroz-GutierrezFebruary 21, 2026
igor
CommentaryIf the recent AI and crypto shocks upset you, you’re tracking the wrong cycle
By Igor PejicFebruary 21, 2026
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InnovationThe U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergFebruary 21, 2026
Trump team livid about Dario Amodei’s principled stand to keep the Defense Department from using his AI tools for warlike purposes
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By Catherina GioinoFebruary 21, 2026
OpenAI forecasts its revenue will top $280 billion in 2030
AIOpenAI forecasts its revenue will top $280 billion in 2030
By Shirin Ghaffary and BloombergFebruary 20, 2026
Country representatives hold up letters supporting the Pax Silica effort.
EconomyIndia joins U.S. ‘Pax Silica’ semiconductor alliance easing tariff and energy tensions
By Rajesh Roy and The Associated PressFebruary 20, 2026
Exclusive: Anthropic rolls out AI tool that can hunt software bugs on its own—including the most dangerous ones humans miss
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By Sharon GoldmanFebruary 20, 2026
Zuckerberg walks flanked by a man and a woman wearing Meta Ray-Ban glasses.
LawMark Zuckerberg’s entourage threatened with contempt for wearing Meta AI glasses into a no-recording courtroom
By Jacqueline MunisFebruary 20, 2026
‘Doubts around the AI revolution are emerging,’ BofA says, as the market sees a ‘double-edged sword’ that could ‘cannibalize’ profits
AI‘Doubts around the AI revolution are emerging,’ BofA says, as the market sees a ‘double-edged sword’ that could ‘cannibalize’ profits
By Nick LichtenbergFebruary 20, 2026
Mark Cuban
SuccessMark Cuban says AI won’t take your job anytime soon because it still acts like a hungover college intern—with a $100K price tag to show for it
By Preston ForeFebruary 20, 2026
Fed staff are more worried about stock prices than tech debt, even as hyperscalers go on a borrowing binge for their AI spending
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By Jason MaFebruary 20, 2026
GDP growth sharply slows to 1.4%, less than half of fourth quarter expectations
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By Christopher Rugaber, Matt Ott and The Associated PressFebruary 20, 2026
AI
CommentarySomething big is happening in AI, but that’s the only thing Matt Shumer got right
By Neil Chilson and Kevin FrazierFebruary 20, 2026
modi
AIHow Modi’s AI handholding moment backfired as Sam and Dario refused to play along
By Matt O'Brien and The Associated PressFebruary 20, 2026
zuck
LawBig tech’s tobacco or opioid moment? ‘Reckoning’ seen in swirl of social media addiction trials
By Barbara Ortutay and The Associated PressFebruary 20, 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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