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A Guide to the Biggest Winners From the SpaceX IPO - WSJ
SpaceX's IPO is generating major financial headlines, with The New York Times reporting a $2 trillion valuation and Forbes declaring Elon Musk the world's first trillionaire off the back of it.
US Orders Anthropic to Pull Fable, Mythos AI Models
The US government has ordered Anthropic to take its most powerful AI models offline over national security concerns, prompting the company to comply while CEO Dario Amodei faces public criticism for a
Early SpaceX Engineer Cashes In Equity After IPO
Josh Giegel, who joined SpaceX in 2009 on a four-person propulsion analysis team and left in 2012 to start his own company, has become a millionaire following SpaceX's IPO, with the equity letting his
Why the US economy keeps defying the odds
The US economy grew ~2% in May and added 172,000 jobs, even as inflation accelerated to 4.2% — resilience economists credit to fracking, surging capex, deep capital markets, and a risk-tolerance absen
Small Finance Banks Offer Senior Citizens 8.30% FD Rate
Small finance banks in India are offering senior citizens fixed deposit interest rates as high as 8.30% across various tenures in June 2026, with super seniors aged 80 and above eligible for extra bon
FPI Outflows No Longer Move Indian Markets
FPI outflows of over ₹1.2 lakh crore in 2022 and ₹1.64 lakh crore in 2025 failed to drag Indian markets down, as domestic institutional investors absorbed the selling. The Nifty 100 gained 4.9% and ov
Why is the price of gold trending down?
Gold has fallen from $5,303 to $4,235 per ounce since January as inflation, a stronger dollar, and rising rate-hike expectations have outweighed its safe-haven appeal during the US-Israel war against
Jassy's Warning Triggered US Crackdown on Anthropic AI
Amazon CEO Andy Jassy raised concerns to senior Trump administration officials about security risks in Anthropic's newest AI models, triggering emergency US export controls that forced Anthropic to pu
U.S. True Debt Tops $100 Trillion
The effective U.S. national debt has crossed $100 trillion for the first time — roughly $1 million per household — driven by Social Security and Medicare shortfalls that have doubled the total since 2
Indian Crypto Traders Shift to Futures, WazirX CEO Explains
WazirX CEO Nischal Shetty explains how crypto futures differ from spot trading as multiple Indian platforms roll out derivatives products, with tax on spot transactions accelerating Indian traders' sh
SpaceX's Record IPO; Musk Keeps Control
SpaceX is going public in an IPO the New York Times calls "record," with Elon Musk retaining nearly all control in a structure the paper frames as both a bold bet on Musk's vision and a risk for inves
Why TD Securities anticipates even bigger days ahead for SpaceX
TD Securities told investors that SpaceX's IPO-day surge past a $2 trillion market cap is just the opening act, pointing to a series of index reweighting events this summer as the real catalysts for t
Moats vs. moonshots: The Warren Buffett-Elon Musk style debate
Warren Buffett's 2018 'moats are lame' clash with Elon Musk resurfaced this week, with the Berkshire chairman doubling down on brand loyalty as the ultimate competitive advantage — citing Snickers, WD
Ripple Launches XRPL AI Agent Payments Kit
Ripple launched an XRPL AI Starter Kit to let developers build AI agents that pay in XRP and RLUSD, entering an x402 market where USDC on Base and Solana already dominates with over 120 million cumula
Coinbase Panel: Start Bitcoin Quantum Migration Now
A Coinbase-convened panel of leading cryptographers urged Bitcoin to begin post-quantum signature planning now, but declined to decide whether the roughly 6.7 million quantum-vulnerable coins—includin
Elon Musk's stratospheric rise to trillionaire status - in charts
Elon Musk became the world's first trillionaire on Friday, with Bloomberg estimating his net worth at roughly $1.11 trillion following SpaceX's record-breaking stock market debut.
Musk Becomes First Trillionaire as SpaceX Debuts at
Elon Musk became the world's first trillionaire on Friday after SpaceX's blockbuster Nasdaq debut valued the rocket company at $2.2tn, with his net worth reaching $1.11tn per Bloomberg.
Kevin Warsh Called 'Chairman,' Reversing Fed's 12-Year Precedent
The Federal Reserve's website now lists Kevin Warsh as 'chairman,' reversing 12 years of the gender-neutral 'chair' title used by predecessors Janet Yellen and Jerome Powell, ahead of Warsh's first Fe
SpaceX Jumps 19% in Record $2.1T IPO Debut
SpaceX shares closed 19% above their $135 offer price on debut day, reaching a $2.1 trillion market cap and becoming the biggest IPO in U.S. history — even as skeptics flagged the company's 90x sales
Sam Bankman-Fried Loses Appeal, Seeks Presidential Pardon
A federal appeals court on Friday upheld Sam Bankman-Fried's cryptocurrency fraud conviction, dealing a fresh blow to the FTX founder the same week he applied for a presidential pardon while serving h
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