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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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1

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

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 12, 2026
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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’

SpaceX, OpenAI, and Anthropic IPOs are about to mint a new generation of millionaires and billionaires—who will have to decide what to do with their money.

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
Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
By Marco Quiroz-GutierrezJune 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
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
Gen 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
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Future of Work
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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 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
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
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
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 Future of Work
Success
More in Success
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
Upstate New York sticker mogul has a bronze Trump statue, MAGA hip-hop album and a presidential endorsement. The local machine wants the Marine

The fight for Elise Stefanik’s old district is getting revealing in a very Trumpy corner of upstate New York.

By Michael Hill, Anthony Izaguirre and The Associated PressJune 12, 2026
Ex-Disney star Bridgit Mendler reveals she was rejected hundreds of times by Hollywood—but it primed her for her current job as a space start-up CEO

Bridgit Mendler says her success is fueled by a “very high tolerance for risk”—thanks, in part, to her experience as a Disney Channel star.

By Preston ForeJune 12, 2026
Walmart has a message for its 2.1 million workers: AI is going to improve your job, not take it: ‘Technology will power our future’

Walmart is already using AI to design clothes and coordinate trucks—but the $967 billion grocery chain says humans “will lead” the transformation.

By Emma BurleighJune 12, 2026
More in Success
C-Suite
More in C-Suite
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AOL cofounder Steve Case on AI— major upside, real risk, and ‘probably a net negative’ for jobs

Speaking at Fortune Brainstorm Tech, the internet pioneer described himself as a “huge optimist” about AI’s benefits but warned that the risks are real and predicted the backlash will play out in the 2028 U.S. elections.

By Amanda GerutJune 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
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 C-Suite
Workplace Culture
More in Workplace Culture
arms
You probably think you’re a really open-minded person, but the real thing raises your death anxiety

To quote the famous Jack Nicholson quote from “A Few Good Men,” you can’t handle the truth.

By Daryl Van Tongeren and The ConversationJune 12, 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
Gordon Ritter: I predicted AI’s learning loop a decade ago. The doomers are still measuring the wrong thing

The companies winning aren’t replacing human judgment — they’re capturing it. The ones losing are letting it drain away.

By Gordon RitterJune 11, 2026
Anthropic is worth $965 billion and just hired 1,000 coaches for nonprofits: ‘The fox can’t guard the henhouse’

Anthropic will donate $150 million to create the Claude Corps: “We’re hoping it’s a good idea that can take root and that other people can build on.”

By Glenn Gamboa and The Associated PressJune 11, 2026
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CommentaryAmerica just committed $1.2 trillion to fix its infrastructure. We’re still flying blind
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Inside the race to rebuild America’s fuel supply chain for a ‘second nuclear age’
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How Elon Musk rewrote SpaceX’s story—and turned it into the greatest IPO debut in history
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By Axel SöderbergJune 13, 2026
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AIAnthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access
By Jeremy KahnJune 13, 2026
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RetailAI shopping agents are coming. No one is ready for them
By Jeremy KahnJune 12, 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
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Chubb’s CEO 25-page shareholder letter touches on China, AI, and the fragility of democracy: ‘I am both optimistic and I’m concerned’
NewslettersChubb’s CEO 25-page shareholder letter touches on China, AI, and the fragility of democracy: ‘I am both optimistic and I’m concerned’
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Melinda French Gates has a rule for conflict at work: Wait 48 hours before saying anything
SuccessMelinda French Gates has a rule for conflict at work: Wait 48 hours before saying anything
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Future of WorkToday’s Equal Pay Day. Women and men still disagree about who has more economic opportunities
By Alexandra Olson, Claire Savage, Linley Sanders and The Associated PressMarch 26, 2026
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Arts & EntertainmentDisney CEO’s no good, very bad week: Josh D’Amaro is dealing with 3 major headaches
By Tristan BoveMarch 26, 2026
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EconomyTrump’s war in Iran is costing the U.S. economy 10,000 jobs a month, Goldman Sachs says
By Nick LichtenbergMarch 26, 2026
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SuccessNew York is home to 154 billionaires. Together they’re worth $975.7 billion—and some of them are even making $2 million an hour
By Emma BurleighMarch 26, 2026
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Success30-year-old CEO of $11 billion Harvey earned the backing of OpenAI and Sam Altman. He says you have to ‘re-earn’ your role every 6 months
By Preston ForeMarch 26, 2026
Duolingo CEO’s taxi driver test decides who gets hired—before the interview even starts
SuccessDuolingo CEO’s taxi driver test decides who gets hired—before the interview even starts
By Sydney LakeMarch 26, 2026
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By Nick LichtenbergMarch 26, 2026
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PoliticsTrump said low-income housing would destroy the suburbs, but ‘soccer moms’ are still abandoning him in droves
By Steve Peoples and The Associated PressMarch 26, 2026
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The scientist who helped create AI says it’s only ‘a matter of time’ before every single job is wiped out—even safer trade jobs like plumbing
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Rishi Sunak tells CEOs to move fast on AI—or risk landing on the wrong side of the K-shaped economy
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By Jake AngeloMarch 26, 2026
‘I didn’t want anybody shooting me’: Five Guys CEO gave away $1.5 million bonus to employees over botched BOGO burger birthday celebration
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AINew college grad unemployment will spike to 35% in 2 years, senator warns, forcing ‘Dario, Sam’ to quit AI fear-mongering
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The ROI for AI isn’t one-size-fits-all, says data storage CTO
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By Preston ForeMarch 25, 2026
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By Emma BurleighMarch 25, 2026
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Workers are using AI to sneak out for spin classes and skip lunch meetings—and new research shows they’re clawing back 30 minutes a day
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America’s largest Medicaid insurer is making a move into building affordable housing, Centene CEO Sarah London announced at Fortune's Brainstorm Health conference in Dana Point, Calif., on Monday, May 20, 2024.
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‘We’ve become like Europe’: Jamie Dimon warns China is beating the U.S. as he says Iran war means a ‘better chance’ of permanent Middle East peace
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By Jake AngeloMarch 25, 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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