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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
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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
Personal FinanceLiability Car Insurance Explained: What It Covers and How Much You Need
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
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trump
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
  • Man speaking with a blue background.
    InnovationElon Musk is pushing to build data centers in space. But they won’t solve AI’s power problems anytime soon
    By Sharon GoldmanFebruary 19, 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
Waymo’s New York dreams are dashed—for now
NewslettersWaymo’s New York dreams are dashed—for now
By Alexei OreskovicFebruary 20, 2026
bill gates
LawAs Gates’ Epstein connection unnerves staff, his foundation looks for a way forward
By Jake AngeloFebruary 20, 2026
Prince Andrew was just arrested over Epstein-related ‘misconduct.’ Here’s how low his net worth is—and how he’ll pay his legal fees
Personal FinancePrince Andrew was just arrested over Epstein-related ‘misconduct.’ Here’s how low his net worth is—and how he’ll pay his legal fees
By Catherina GioinoFebruary 19, 2026
Matthew McConaughey of "The Lost Bus" at the Variety Studio during the Toronto International Film Festival held at The St. Regis Toronto on September 06, 2025 in Toronto, Canada.
AIMatthew McConaughey sounds the alarm for artists in fight against AI misuse: ‘Own yourself…so no one can steal you’
By Eva RoytburgFebruary 19, 2026
  • At its core, OpenClaw is an autonomous AI agent designed to act as a kind of digital employee,
    AIWho is OpenClaw creator Peter Steinberger? The millennial developer caught the attention of Sam Altman and Mark Zuckerberg
    By Eva RoytburgFebruary 19, 2026
A woman stands as a group of her colleagues speaks.
AIEntry-level tech and finance workers in Ireland are losing their jobs thanks to AI. Could that be a warning sign for the U.S.?
By Jacqueline MunisFebruary 19, 2026
Amazon’s humble history: Jeff Bezos used a rented garage as an office and held team meetings at a local Barnes & Noble
SuccessAmazon’s humble history: Jeff Bezos used a rented garage as an office and held team meetings at a local Barnes & Noble
By Nick LichtenbergFebruary 19, 2026
AI is running out of power. Space won’t be an escape hatch for decades
NewslettersAI is running out of power. Space won’t be an escape hatch for decades
By Sharon GoldmanFebruary 19, 2026
libety
AIRoyal Caribbean’s CEO is using AI to predict how many hamburgers you’ll eat—and to compete with Orlando, Vegas and Taylor Swift
By Diane BradyFebruary 19, 2026
Sam Altman and Dario Amodei refused to hold hands at an AI summit weeks after OpenAI and Anthropic clashed in a tense Super Bowl ad war
AISam Altman and Dario Amodei refused to hold hands at an AI summit weeks after OpenAI and Anthropic clashed in a tense Super Bowl ad war
By Marco Quiroz-GutierrezFebruary 19, 2026
  • Zuckerberg on whether addictive things get used more: ‘I’m not sure what to say to that’
    Big TechZuckerberg on whether addictive things get used more: ‘I’m not sure what to say to that’
    By Kaitlyn Huamani, Barbara Ortutay and The Associated PressFebruary 18, 2026
Jeff Bezos speaking on stage
SuccessAmazon founder Jeff Bezos reveals his formula for running the perfect meetings to weed out those ‘who pretend to have done the reading’
By Orianna Rosa RoyleFebruary 19, 2026
A close-up of Jeff Bezos
Success‘I had to take 60 meetings’: Jeff Bezos says ‘the hardest thing I’ve ever done’ was raising the first million dollars of seed capital for Amazon
By Dave Smith and Fortune EditorsFebruary 19, 2026
Dario Amodei sits in a white chair in front of a pink background and speaks animatedly.
AI‘I’m deeply uncomfortable’: Anthropic CEO warns that a cadre of AI leaders, including himself, should not be in charge of the technology’s future
By Sasha RogelbergFebruary 19, 2026
Welcome to the ‘annoyance economy’: Americans are paying over $165 billion a year as companies waste their time to drive revenue
EconomyWelcome to the ‘annoyance economy’: Americans are paying over $165 billion a year as companies waste their time to drive revenue
By Catherina GioinoFebruary 19, 2026
gates
Real EstateBill Gates is shrinking his $132 million Xanadu compound amid sudden public withdrawal and Epstein revelations
By Nick LichtenbergFebruary 19, 2026
Walmart employee scanning product
SuccessWalmart exec says it’s ‘unfortunate’ that other companies are slashing workforces in the name of AI—it’s offering training to 1.6 million workers instead
By Preston ForeFebruary 19, 2026
sam altman
AISam Altman says not even the CEO’s job is safe from AI as it will soon perform the work better than ‘certainly me’
By Jake AngeloFebruary 19, 2026
two men pose for photo
CryptoAmerican Express and Visa alumni raise $4 million for Rhythmic, which partners with brands to provide financial products for their customers
By Carlos GarciaFebruary 19, 2026
Jackson points as he speaks.
Workplace CultureFrom mom-and-pops to Goldman Sachs, Jesse Jackson’s vision for American business sparked a revolution
By Jacqueline MunisFebruary 19, 2026
Two software engineers
SuccessJust 5% of workers have this skill, according to Google, and they’re 4.5 times as likely to have a higher salary
By Preston ForeFebruary 19, 2026
laid off
CommentaryThe billion-dollar justification: why AI giants need you to fear for your job
By David StoutFebruary 19, 2026
whittaker
CommentaryThe next 3 years will define capitalism for a generation losing faith in talent and hard work. Are CEOs up for the challenge?
By Martin WhittakerFebruary 19, 2026
gates
AsiaBill Gates’ foundation says sudden withdrawal was ‘to ensure the focus remains on the AI Summit’s key priorities’
By The Associated PressFebruary 19, 2026
Fortune 500 Amazon
RetailAmazon takes the No. 1 spot on the Fortune 500, ending Walmart’s 13-year run
By Phil WahbaFebruary 19, 2026
Exclusive: Badge raises $17 million to chase the next era of digital wallets
NewslettersExclusive: Badge raises $17 million to chase the next era of digital wallets
By Allie GarfinkleFebruary 19, 2026
barr
AIFed governor lays out 3 AI scenarios, including one with a giant population of ‘unemployable’ workers
By Catherina GioinoFebruary 19, 2026
Mark Zuckerberg has his day in court—’you’re mischaracterizing this’
NewslettersMark Zuckerberg has his day in court—’you’re mischaracterizing this’
By Alexei OreskovicFebruary 19, 2026
Sundar Pichai at the Google Event at the India AI Impact Summit
AIGoogle CEO Sundar Pichai says AI spending still makes sense despite bubble fears
By Beatrice NolanFebruary 19, 2026
Bill Gates speaking into a mic.
AsiaBill Gates pulls out of India’s AI summit at the last minute, in the latest blow to an event dogged by organizational chaos
By Beatrice NolanFebruary 19, 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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