Elon Musk’s SpaceX went public Friday, setting a new record with its stock market debut and turning the tech mogul into the world’s first trillionaire. The highly anticipated initial public offering (IPO) popped 11 percent when trading officially opened on the Nasdaq, sending the company’s valuation soaring to a massive $1.96 trillion. Here are five…

Elon Musk’s SpaceX made its highly anticipated stock market debut Friday morning, establishing him as the first person to ever be worth $1 trillion. The spacecraft and satellite communications company began trading on the Nasdaq with shares opening at $150, about 11 percent above the initial public offering (IPO) price of $135. It is the…

Elon Musk is poised to become the world’s first trillionaire with SpaceX’s highly anticipated stock market debut. The world’s richest person, who is currently worth about $790 billion, is expected to see his wealth top $1 trillion once his spacecraft and satellite communications company goes public Friday. Such a milestone would set Musk’s wealth far…

Mississippi residents are suing Elon Musk’s xAI and SpaceX over the “pervasive and inescapable” noise from their data center and accompanying power plant in a Memphis, Tenn.-area community. Three individuals who live near the plant in Southaven, a city just south of Memphis across the Mississippi-Tennessee border, filed a class-action lawsuit Monday against Musk’s companies,…

Kalshi plans to require users in certain markets to share information about their employers in its latest push to crack down on insider trading. The prediction market announced Tuesday that it has created a system to score markets based on the risk of insider trading and manipulation. Those with certain scores will require employment verification.…

The Trump administration proposed new rules Wednesday for regulating prediction markets, seeking to clarify what types of events can be listed for trading on the platforms. The Commodity Futures Trading Commission’s (CFTC) proposal aims to specify what events the agency considers to be “contrary to the public interest” and would not be eligible for listing…

Computing power has become the lifeblood — and a key limiting factor — of the race to develop AI, as the push to integrate the technology into daily life clashes with the finite supply of one of its most crucial inputs. Often referred to simply as “compute,” the processing power that forms the foundation of…

FTX founder Sam Bankman-Fried has formally applied for a pardon, as he serves out a 25-year sentence on fraud charges tied to the high-profile collapse of his cryptocurrency exchange. Bankman-Fried is seeking a pardon after the completion of his sentence, according to the Office of the Pardon Attorney’s website. The disgraced crypto mogul, who was…

OpenAI has confidentially filed paperwork to go public, the company announced Monday. It is one of three leading AI companies preparing for an initial public offering (IPO), alongside SpaceX and Anthropic, which have both filed with the Securities and Exchange Commission (SEC) in recent months. The company said in a post on X it “recently…

Sen. Adam Schiff (D-Calif.) introduced a bill Monday that would require human involvement in the Pentagon’s use of autonomous or semi-autonomous weapons that rely on AI. The legislation, called the Human Authority in Lethal Operations Act, seeks to establish a “clear chain of command” under which a designated commander has the final say over decisions…