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

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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
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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
More in Big Tech
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
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
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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
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
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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Elon Musk’s biggest bet hits a pothole: Tesla robotaxis are crashing four times more than human drivers
Big TechElon Musk’s biggest bet hits a pothole: Tesla robotaxis are crashing four times more than human drivers
By Jordyn Grzelewski and Tech BrewFebruary 18, 2026
  • The Pentagon goes to war with Anthropic
    NewslettersThe Pentagon goes to war with Anthropic
    By Alexei OreskovicFebruary 17, 2026
robot
AIDeutsche Bank asked AI how it was planning to destroy jobs. And the robot answered
By Nick LichtenbergFebruary 18, 2026
karp
AIHigh-flier: Palantir CEO Alex Karp spent $17.2 million on private jets in 2025, filing reveals
By Nick LichtenbergFebruary 18, 2026
Jake Paul says a chance meeting with Sam Altman at Trump’s inauguration led to an OpenAI investment and a crash course in ruthless 15-minute meetings
C-SuiteJake Paul says a chance meeting with Sam Altman at Trump’s inauguration led to an OpenAI investment and a crash course in ruthless 15-minute meetings
By Marco Quiroz-GutierrezFebruary 18, 2026
Professor Stuart Russell pictured in 2023 during a Congressional testimony on AI oversight
AIBig Tech execs playing ‘Russian roulette’ in the AI arms race could risk human extinction, warns top researcher
By Tristan BoveFebruary 18, 2026
India
AIIndia’s AI embarrassment when robot dog made in China put on display by local university
By Rajesh Roy and The Associated PressFebruary 18, 2026
  • AI could spark a new age of learning, but only if governments, tech firms and educators work together
    CommentaryAI could spark a new age of learning, but only if governments, tech firms and educators work together
    By José Manuel Barroso and Stephen HodgesFebruary 17, 2026
OpenAI is paying workers $1.5 million in stock-based compensation on average, the highest of any tech startup in history
SuccessOpenAI is paying workers $1.5 million in stock-based compensation on average, the highest of any tech startup in history
By Preston ForeFebruary 18, 2026
Exclusive: Kraken acquires token manager Magna as crypto exchange prepares for IPO
CryptoExclusive: Kraken acquires token manager Magna as crypto exchange prepares for IPO
By Ben WeissFebruary 18, 2026
all three cogent founders smiling
AIExclusive: Bain and Greylock bet $42 million that AI agents can finally fix cybersecurity’s messiest bottleneck
By Lily Mae LazarusFebruary 18, 2026
Zillow’s CTO says AI is reinventing every step of the home buying process
NewslettersZillow’s CTO says AI is reinventing every step of the home buying process
By John KellFebruary 18, 2026
Sports-focused prediction market Novig raises $75 million to challenge Kalshi and Polymarket
BankingSports-focused prediction market Novig raises $75 million to challenge Kalshi and Polymarket
By Leo SchwartzFebruary 18, 2026
  • bytedance
    AITop Hollywood screenwriter warns TikTok’s new tool is at the gates: ‘I hate to say it. It’s likely over for us’
    By Barbara Ortutay and The Associated PressFebruary 16, 2026
Exclusive: Sen. Bill Frist’s Frist Cressey Ventures raises $425 million fourth fund
Personal FinanceExclusive: Sen. Bill Frist’s Frist Cressey Ventures raises $425 million fourth fund
By Allie GarfinkleFebruary 18, 2026
Inside Dragonfly Capital’s $650 million fourth fund and its early bets on Polymarket and Rain
NewslettersInside Dragonfly Capital’s $650 million fourth fund and its early bets on Polymarket and Rain
By Leo SchwartzFebruary 18, 2026
As AI looms over the iPhone’s future, Apple is hedging its bets with three wearables
NewslettersAs AI looms over the iPhone’s future, Apple is hedging its bets with three wearables
By Alexei OreskovicFebruary 18, 2026
CEO hopefuls have a new rival for the top job: their own board directors
C-SuiteCEO hopefuls have a new rival for the top job: their own board directors
By Ruth UmohFebruary 17, 2026
Why your boss loves AI and you hate it: Corporate profits are capturing your extra productivity, and your salary isn’t
EconomyWhy your boss loves AI and you hate it: Corporate profits are capturing your extra productivity, and your salary isn’t
By Eva RoytburgFebruary 17, 2026
Companies are cycling through CEOs—and replacing them with first-timers
C-SuiteCompanies are cycling through CEOs—and replacing them with first-timers
By Ruth UmohFebruary 17, 2026
Anthropic was supposed to be a ‘safe’ alternative to OpenAI, but CEO Dario Amodei admits his company struggles to balance safety with profits
AIAnthropic was supposed to be a ‘safe’ alternative to OpenAI, but CEO Dario Amodei admits his company struggles to balance safety with profits
By Marco Quiroz-GutierrezFebruary 17, 2026
What OpenAI’s OpenClaw hire says about the future of AI agents
AIWhat OpenAI’s OpenClaw hire says about the future of AI agents
By Sharon GoldmanFebruary 17, 2026
A trader at the New York Stock Exchange looks at screens while appearing concerned
AIInvestor Dan Ives says the tech selloff that has been spooking markets is actually a ‘generational opportunity’ to get in on the action
By Tristan BoveFebruary 17, 2026
Siemiatkowski speaks in front of monitors at the New York Stock Exchange.
Future of WorkKlarna’s CEO agrees with Dario Amodei. He thinks his white-collar workforce will shrink by a third by 2030
By Jacqueline MunisFebruary 17, 2026
Airbnb CEO Brian Chesky
SuccessAirbnb CEO says AI is ‘the best thing that ever happened to’ his company—he warns other founders: ‘If you don’t disrupt yourself, someone else will’
By Emma BurleighFebruary 17, 2026
india
AIIndia cobbles together $200 billion-plus for data-center investment
By Rajesh Roy and The Associated PressFebruary 17, 2026
For success in AI, avoid the ‘efficiency trap’— and focus on trust instead
Future of WorkFor success in AI, avoid the ‘efficiency trap’— and focus on trust instead
By Brad AndersonFebruary 17, 2026
cook
CommentaryWhile big tech burns cash on AI, Apple waits
By Ioannis IoannouFebruary 17, 2026
Photo: D-Wave CEO Alan Baratz at Qubits 2026, the company's annual conference.
Big TechD-Wave CEO shrugs off short attacks with ‘revolutionary’ $550 million quantum computing acquisition
By Jim EdwardsFebruary 17, 2026
Poster for India AI Summit.
AIAI investments surge in India as tech leaders convene for Delhi summit
By Beatrice NolanFebruary 17, 2026
Exclusive: Crypto venture firm Dragonfly closes $650 million fourth fund—even as blockchain VCs face ‘mass extinction’
CryptoExclusive: Crypto venture firm Dragonfly closes $650 million fourth fund—even as blockchain VCs face ‘mass extinction’
By Leo SchwartzFebruary 17, 2026
robin rombach (right) and andreas blattman (left)
NewslettersThe AI startup that has quietly become one of Europe’s most valuable AI companies
By Lily Mae LazarusFebruary 17, 2026
Photo: LONG ISLAND, UNITED STATES AUGUST 21: A red flag signifying no swimming is seen at Robert Moses beach on Long Island, New York on August 21, 2025, as Hurricane Erin moves up the East Coast. A coastal flood warning and no swimming advisory is now in effect for the Jersey Shore and New York's south-facing beaches. (Photo by Thomas Hengge/Anadolu via Getty Images)
InvestingBig Tech approaches ‘red flag’ moment: AI capex is so great hyperscalers could go cash-flow negative, Evercore warns
By Jim EdwardsFebruary 17, 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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