BBC9:23 AM
Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut
Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.
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10 stories- TechCrunch9:23 AM
SpaceX president Gwynne Shotwell just gave another hint at a Tesla merger
A SpaceX-Tesla merger seems inevitable.
- TechCrunch9:23 AM
Robinhood sees ‘record-breaking’ traffic after SpaceX stock debuts
The trading platform says some customers experienced intermittent disruptions, but those issues have resolved.
- TechCrunch9:23 AM
Meta’s months-old AI unit is a soul-crushing gulag, say the engineers stuck inside it
A new report suggests the unit, which employs 6,500 people, is on the verge of revolt.
- TechCrunch9:23 AM
SpaceX IPO closes up 19% and delivers the world’s first trillionaire
The company made its heavily anticipated debut on Friday, trading higher than its initial $135 IPO price.
- TechCrunch9:23 AM
Anthropic’s safety warnings may have just backfired — the government has pulled the plug on its most powerful AI
Anthropic isn't hiding its frustration. "We disagree that the finding of a narrow potential jailbreak should be cause for recalling a commercial model deployed to hundreds of millions of people," the company wrote in a blog post.
- TechCrunch9:23 AM
Mistral is rumored to be raising €3B at €20B valuation
The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.
- TechCrunch9:23 AM
Andrew Yang thinks the next big startup opportunity is lowering the cost of living
Andrew Yang made a list of everything Americans overpay for — housing, food, wireless — and thinks the next startup gold rush is giving that money back.
- TechCrunch9:23 AM
SpaceX IPO: Live updates on everything you need to know
TechCrunch has followed SpaceX's start, struggles, and successes from the early days. And we're here for what happens next too. This package of SpaceX IPO coverage includes who stands to win (and maybe some who won't), pre-IPO deals, and what's tucked inside its S-1 registration document.
- TechCrunch9:23 AM
Chinese cybercrime operation that used AI to scam ‘hundreds of thousands of victims’ sued by Google
The tech giant said a group called "Outsider Enterprise" used AI to scam hundreds of thousands of victims, sending 2.5 million text messages over a span of two weeks.
- TechCrunch9:23 AM
SpaceX, Anthropic, and OpenAI’s hot IPO summer
The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for […]