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Elon Musk’s SpaceX raised $25 billion in its first-ever corporate bond sale, drawing nearly $90 billion in investor orders, less than two weeks after the company’s record-setting initial public offering (IPO). A Heavily Oversubscribed Debut SpaceX priced $25 billion of investment-grade notes on June 23, in what ranks as one of the largest debut corporate […]
The writer who coined the word ‘enshittification’ tells us why AI will never deliver what it promises – and why it still appeals so much to those in power A “centaur”, in automation theory, is a person assisted by a machine, and a “reverse centaur”, hero of Cory Doctorow’s new book, The Reverse Centaur’s Guide to Life After AI, is a “human who is conscripted into acting as an assistant to a machine”. Every warehouse worker who ever had to urinate in a water bottle because they couldn’t otherwise meet the fulfilment targets set by an algorithm is a reverse centaur. Reaching into the future, everyone who has to sit in a self-driving truck to make sure it doesn’t crash, presumably on minimum rather than truck-driver wages, is a reverse centaur; as is every lawyer no longer on lawyer’s money checking Gemini’s command of precedent, every indie band scraping a living doing covers of AI-generated hits, and so on. That, anyway, is the promise: AI is coming for your job, and it is coming for yo
Son's focus on terrestrial data centers highlights a strategic pivot towards maximizing ground-based AI infrastructure, challenging space-centric visions. The post SoftBank’s Masayoshi Son challenges Elon Musk’s orbital data center vision appeared first on Crypto Briefing.
Elon Musk’s net worth fell by roughly $150 billion in a single day as SpaceX shares dropped 16%, part of a three-day slide that erased hundreds of billions in market value following the company’s record initial public offering (IPO). A Brutal Three Days SpaceX stock fell 16% on Monday to close at $154.60, its lowest […]
Musk's Terafab could revolutionize AI compute capacity, impacting global tech infrastructure and challenging decentralized compute models. The post Elon Musk’s Terafab project aims to put 1 terawatt of AI compute into orbit using Starship appeared first on Crypto Briefing.
Shares in Elon Musk’s AI and rockets group tumble more than 16% following fresh rise in US bond yields
Billionaire Ron Baron believes that his firm’s $25 billion stake in Elon Musk’s rocket company, SpaceX (SPCX), will soar in value over time. In a new CNBC interview, the Baron Capital founder and CEO says he expects the firm to make “hundreds of billions of dollars” from its SpaceX investment. Baron lays out the math […] The post Baron Capital CEO Predicts Firm Will Make ‘Hundreds of Billions of Dollars’ in Massive SpaceX (SPCX) Bull Run appeared first on The Daily Hodl.
Elon Musk says the U.S. Treasury should send money directly to citizens rather than have the government buy stakes in artificial intelligence (AI) companies. Musk Tells Treasury to Send Cash Directly as AI Reshapes U.S. Economy Musk made the case on X on June 20, 2026, responding to Vice President JD Vance’s comments on the […]
SpaceX’s blockbuster public debut has pushed Elon Musk’s net worth above $1 trillion while creating a new class of billionaires among the company’s earliest investors, executives, and institutional backers. According to CNBC, SpaceX shares remained about 37% above their $135…
Luca Guadagnino's film about OpenAI CEO Sam Altman, Artificial, has reportedly been dropped by Amazon MGM. The film, which stars Andrew Garfield and covers the rollercoaster five days in 2023 spanning Altman's termination and reinstatement as CEO, had been in the works for about a year. The cast also includes A Complete Unknown actress Monica Barbaro as OpenAI CTO Mira Murati, Ike Barinholtz as Elon Musk, and Anora's Yura Borisov as OpenAI chief scientist Ilya Sutskever. In a statement to Deadline, the studio said it believes the movie "will be better served if it were released by a different studio and is working closely with the filmmak … Read the full story at The Verge.
Guardian readers in the US share concerns about how the SpaceX IPO and AI boom affect their retirement accounts Elon Musk became the world’s first trillionaire last week after SpaceX debuted on the stock market with a valuation of $1.77tn. Millions of Americans could soon become indirect investors in SpaceX and other emerging AI-focused companies as US markets increasingly shift toward AI-driven investments. Continue reading...
SpaceX's IPO and AI investments could redefine tech industry dynamics, challenging established AI leaders and reshaping market valuations. The post SpaceX’s record IPO marks start of Elon Musk’s $10B AI fundraising quest appeared first on Crypto Briefing.
SpaceX has explored a bond offering worth as much as $20 billion while its publicly traded shares have fallen more than 9%, trimming Elon Musk’s fortune by roughly $59 billion from recent highs. Bloomberg reported, citing people familiar with the…
Wall Street simmers with the idea of a merger of Elon Musk’s companies
Hinton's critique highlights the urgent need for ethical AI development, potentially leading to stricter regulations and impacting industry dynamics. The post Geoffrey Hinton criticizes Musk’s xAI, warns of growing risks in AI development appeared first on Crypto Briefing.
The integration of AI in military operations signals a shift towards tech-driven warfare, potentially impacting geopolitical stability and leadership. The post US used Musk’s Grok AI to deploy 2,000 munitions in Iran conflict appeared first on Crypto Briefing.
The consolidation of AI talent among tech giants raises barriers for startups, potentially stifling innovation and competition in the AI sector. The post Sam Altman wins the Noam Shazeer sweepstakes, leaving Musk on the sidelines appeared first on Crypto Briefing.
