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The Latest Breaking News from Elon Musk

SpaceX Could Deliver an $11.6 Billion Windfall for 346,000 Teachers and Retirees — Worth $33,500 Each

The Ontario Teachers' Pension Plan's strategic investment in SpaceX could yield $11.6 billion, highlighting venture capital's role in emerging tech and the impact of Musk's IPO plans.

International Business Times UK

Starmer Blasts Elon Musk for 'Whipping Up Division' After Dying Teen Handcuffed and MP Targeted by Grok Rape AI

Keir Starmer has accused Elon Musk of 'interfering in our politics' over his posts about the killing of Henry Nowak, while backing a Labour MP's legal fight against Musk's Grok AI over alleged 'rape porn' images.

International Business Times UK

OpenAI IPO: Date, share price, valuation, timing and all details investors need to know

OpenAI IPO Filing: OpenAI has confidentially filed for an IPO after reaching an $852 billion valuation. Anthropic remains ahead at $965 billion. Microsoft owns 27% of OpenAI's for-profit business. The Elon Musk legal battle is largely behind it. Now Wall Street faces a historic question: how much is the future…

The Economic Times

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Mexican Immigrant Earned $28 an Hour at SpaceX — The IPO Could Make Him a Millionaire

SpaceX's historic $75 billion IPO on Nasdaq could transform the lives of its employees and propel Elon Musk towards becoming the world's first trillionaire.

International Business Times UK

Think Musk the billionaire was bad? Brace yourself for Musk the trillionaire

Becoming the world’s first trillionaire is only going to supercharge this sense of impunity and bring us one step closer to full-blown oligarchy

The Guardian - US

Fortune Gulf Brief: Gulf investments to see liftoff from SpaceX IPO

The windfalls Gulf sovereign wealth funds are poised to receive will offer a nicely timed boost to their balance sheets.

Fortune

SpaceX IPO: How European retail investors can buy shares and the risks to be aware of

SpaceX is expected to make its stock market debut on Friday in what could become the largest IPO in history. Here's how retail investors in Europe can participate and the risks they should consider.

Euronews

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FED:Aussie demand for SpaceX float overwhelms call centres

The lead Australian broker on the $2.5 trillion public launch of Elon Musk's SpaceX is experiencing "extremely high" call volumes as investors try to get in.

AAP

Aussie demand for SpaceX float overwhelms call centres

The lead Australian broker on the $2.5 trillion public launch of Elon Musk's SpaceX is experiencing "extremely high" call volumes as investors try to get in.

AAP

SpaceX IPO: Great business, wrong price? Why Aswath Damodaran is skipping Musk’s mega offering

Despite the excitement surrounding SpaceX’s highly anticipated IPO, valuation expert and NYU professor Aswath Damodaran plans to stay away from the offering, citing concerns over its pricing. While he values the company at around $1.3 trillion after reviewing its prospectus, the IPO is expected to value SpaceX at roughly $1.8…

The Economic Times

OpenAI Files for IPO Just Days After Anthropic — The AI Arms Race Is Now a Wall Street Arms Race

OpenAI filed a confidential S-1 with the SEC on 8 June, a week after Anthropic, as both AI giants race to go public first and set the terms for how investors value the sector.

International Business Times UK

ChatGPT maker OpenAI files for IPO, joining Anthropic and SpaceX in race to go public

OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.

Euronews

AI coding startup Cursor, courted by SpaceX, picks London as European hub

Elon Musk's SpaceX, which is readying for a closely watched IPO this week, said in April ‌it had ⁠secured an ⁠option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes deeper into the lucrative market for…

The Economic Times

Ahead of SpaceX IPO, Musk says AI satellites will use mostly existing technology

The ⁠billionaire said ⁠that much of the required technology already exists in its current Starlink satellite network. "Part of what we want to convey here is that there is not some magic that is necessary, that doesn't exist," Elon Musk said in a video discussion released by the company.

The Economic Times

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France 24

OpenAI confidentially files for US IPO as AI boom drives investor frenzy

ChatGPT maker OpenAI has confidentially filed for a US initial public offering, the company said on Monday, joining rivals such as Anthropic in a race towards public markets amid surging investor interest in artificial intelligence. The firm did not disclose terms or timing.

The Economic Times

OpenAI joins rival Anthropic in race to Wall Street

OpenAI did not disclose the size or terms of the offering, and said a timeline has not yet been determined. "It may be a while because there are things we want to do that are likely easier as a private company," it said in a statement. Reuters had reported that…

The Economic Times

OpenAI files for US IPO after Anthropic as AI giants head to public markets

AI giant OpenAI has confidentially filed for a US initial public offering. This move follows rival Anthropic's similar filing. Investors are keenly watching these developments for exposure to the booming artificial intelligence sector. OpenAI aims for a significant valuation, potentially setting a new benchmark for tech IPOs. The company is…

International Business Times UK

'Melania and Barron First': Critics Drag FLOTUS Into Trump's Largest Denaturalization Effort Seeking to Revoke 17 Citizenships

Donald Trump's denaturalisation efforts target 17 individuals for alleged crimes, sparking controversy as critics mention family, despite no evidence of their involvement in immigration fraud.

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AAP

OpenAI confidentially files US initial public offering

OpenAI has confidentially filed for an initial public offering, setting it up for what may be the most highly anticipated market debut in recent history.

International Business Times UK

Elon Musk Faces Backlash as a Horrific Texas Screwworm Outbreak Follows Brutal DOGE Budget Cuts

A flesh-eating parasite, unseen in the US for 60 years, has resurfaced in Texas, sparking political debate over budget cuts that dismantled key prevention programmes.

Barchart

JPMorgan Just Dramatically Reversed Course on Tesla Because TSLA Stock Has Massive Physical AI Potential

A long-time Tesla bear just changed its tune, and the reason has almost nothing to do with cars.

The Independent UK

SpaceX IPO is days away: Here are 3 reasons to buy and 2 reasons to wait

SpaceX has a lot of potential, but some experts have concerns about the company’s valuation

The Mary Sue

J.D. Vance Ignites a Diplomatic Firestorm Citing the Murder of Henry Nowak in an Attack on U.K. Border Policy

Vance’s framing of the crime as a symptom of "civilizational decline" mirrors rhetoric used by the far-right in both countries.

Fortune

How retail investors can participate in the SpaceX IPO

The SpaceX IPO is expected to price Thursday evening, with shares trading Friday on the Nasdaq under the ticker SPCX.

International Business Times UK

Elon Musk Could Become the World's First Trillionaire — But Just How Big is $1 Trillion, Really?

Elon Musk's net worth could top $1 trillion (£793bn) when SpaceX lists on 12 June. Putting that sum in context reveals just how incomprehensible it is.

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