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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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Current price of oil as of June 11, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

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

3

Current price of oil as of June 11, 2026
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View of SpaceX building
For SpaceX CFO Bret Johnsen, the challenge starts after the $75 billion IPO 

Johnsen now faces the task of proving SpaceX can deliver on its promises as a public company.

By Sheryl EstradaJune 12, 2026
SpaceX headquarters outside
SpaceX’s first employee, Tom Mueller, thinks the historic IPO is just the beginning
By Lily Mae LazarusJune 12, 2026
Elon Musk
When SpaceX starts trading, some ‘shareholders’ will discover they own nothing at all
By Jim EdwardsJune 12, 2026
Your AI is already setting prices. The real question is who sets the rules
Your AI is already setting prices. The real question is who sets the rules
By François Candelon, Paul-Louis Andres and Augustin ManchonJune 12, 2026
Mo Jomaa of CapitalG, Nizar Tarhuni of PitchBook, and Hans Tung of Notable Capital at Fortune Brainstorm Tech 2026 in Aspen, Colorado. (Photo: Stuart Isett/Fortune)
The SpaceX IPO is not the market savior it seems
By Andrew NuscaJune 12, 2026
Notion takes a quiet approach to designing AI features: ‘You can’t have every new tool screaming at you’
Notion takes a quiet approach to designing AI features: ‘You can’t have every new tool screaming at you’
By Angelica AngJune 12, 2026
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Big Tech
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A person holds an iPhone as someone next to them points at the screen.
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 a result of more time on devices, and less time connecting.

By Sasha RogelbergJune 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
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
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
More in Big Tech
Startups & Venture
More in Startups & Venture
SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders
SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders

The hotly anticipated IPO is set to be the largest in stock market history, and is more than 7.5 times Alibaba’s IPO, in second place.

By Mia OsmonbekovJune 12, 2026
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
Abridge wants to be the operating system for medicine—and NVIDIA and Eli Lilly are helping build it

The $5.3 billion ambient AI startup is expanding from clinical notes into billing, drug trials, and real-time insurance claims.

By Lily Mae LazarusJune 11, 2026
SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big

The real money comes after the opening bell.

By Shawn TullyJune 11, 2026
More in Startups & Venture
AI
More in AI
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

Asia’s AI race won’t be won by early adopters. It will be won by businesses that rebuild processes, data, and governance around AI at scale.

By Garrett IlgJune 11, 2026
Silicon Valley insiders warn U.S. defense supply chain is unprepared for modern warfare

The U.S. defense industry must leverage private venture capital and dual-use technologies, leading technology executives and venture capitalists said at Brainstorm Tech 2026.

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
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
More in AI
Innovation
More in Innovation
‘China follows Musk very closely’: While SpaceX blocked Chinese investors from IPO, China’s space firms prep their own as a counterweight
‘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
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
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
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
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
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Demis Hassabis, and how AI just might wrangle our molecular universe
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By Jeremy KahnJanuary 23, 2026
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Big TechElon Musk makes the case for why his $2.2 trillion tech empire is the only way to save humanity as the only intelligent life in the universe
By Sasha RogelbergJanuary 22, 2026
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By Sharon GoldmanJanuary 22, 2026
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By Tristan BoveJanuary 22, 2026
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By Emma BurleighJanuary 22, 2026
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Most Popular
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
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 11, 2026placeholder alt text
By Joseph HostetlerJune 11, 2026
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