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June 12, 2026, 2:10 PM
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| Alex Harring / CNBC: |
SpaceX debuts on the Nasdaq at $150, after pricing at $135, making Elon Musk the world's first trillionaire; SPCX is up ~30% intraday, for a ~$2.3T market cap — SpaceX shares soared on Friday as trading commenced on the Nasdaq, propelling the rocket company's valuation above $2 trillion …
More: Paul Krugman, Business Insider, International Business Times, Breitbart, The Information, Reuters, CNBC, Associated Press, Wall Street Journal, TechCrunch, Gizmodo, iPhone in Canada, TechSpot, Forbes, The Daily Caller, Yahoo Finance, Global Banking & …, Benzinga, Via Satellite, Tech Times, Newser, New York Times, Mediaite, Deseret News, and The Next Web
X: @rakeshsfnyc, @danprimack, @karpathy, @jessicalessin, @mikeisaac, @willoremus, @mikeisaac, @mikeisaac, @yuchenj_uw, @levie, @sriramk, @danprimack, @binarybits, @bizcarson, and @teslaownerssv. LinkedIn: Jamie Kitman. Mastodon: @AkaSci@fosstodon.org
| Reuters: |
SpaceX's trading debut is a test of the “Musk premium”, the force behind Tesla's $1T+ valuation, and a gauge of investor appetite ahead of upcoming AI-tied IPOs — SpaceX (SPCX.O) is set to begin trading on Nasdaq on Friday after investors poured $75 billion into the world's biggest IPO ever …
More: Nasdaq, Business Insider, CBC News, Honolulu Star-Advertiser, Daily Sabah, Yahoo Finance, Bloomberg, The Register, CoinDesk, Zeteo, and Forbes. Bluesky: @westernbirding.com
| Bailey Lipschultz / Bloomberg: |
SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each — SpaceX has made history with the biggest-ever IPO, launching it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world's first trillionaire.
More: SpaceX, Bloomberg, Mercury News, Benzinga, NPR, Reuters, Dexerto, The Irish Times, New York Times, Constellation Research, CryptoNinjas, Türkiye Today, Washington Post, Financial Times, Bloomberg Law, The Merkle News, CBS News, Fortune, TESLARATI, Business A.M, Pulse 2.0, Seoul Economic Daily, The Next Web, Hindustan Times, The Irish News, Just Jared, Tech Times, Yahoo Finance, Wired, The Tech Portal, Forbes Middle East, Blockonomi, Verdict, The Indian Express, Watcher Guru, Times of India, CoinDesk, Axios, The Business Times, The Deep View, Yahoo Finance, SiliconANGLE, NBC News, crypto.news, CNBC, Semafor, The Independent, Motley Fool, The Straits Times, The Asia Business Daily, New York Post, TechCrunch, ZeroHedge News, The Information, Bloomberg, Chamath Palihapitiya, and The Japan Times
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Bluesky: @larryneufeldsk, @polycrisisnow, @zaratustra, @kimmasters, and @breakify
Forums: r/news, r/Anticonsumption, r/offbeat, r/stupidpol, r/Economics, r/news, r/worldnews, and r/SpaceXBets
| Cecilia Kang / New York Times: |
Google sues Chinese cybercrime network Outsider Enterprise, accusing it of using Gemini to create fake websites and scam hundreds of thousands of Americans — Google warned that artificial intelligence had supercharged the problem of online scams.Andria Lo for The New York Times| Luc Cohen / Reuters: |
Sam Bankman-Fried loses his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of FTX — Sam Bankman-Fried lost on Friday his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded.
More: Associated Press, Engadget, Reuters, CoinDesk, Decrypt, Financial Times, The Block, Benzinga, UPI, Courthouse News Service, Washington Examiner, NullTX, Politico, Protos, Cointelegraph, Citation Needed, The Crypto Times, crypto.news, Blockonomi, CoinGape, Bitcoin Magazine, Forbes, Mediaite, and Bloomberg. Forums: Slashdot
| Jaspreet Singh / Reuters: |
Meta confirms it is working to fix a widespread outage, starting at 9:20am ET, that is affecting its services, including Facebook and Instagram — Facebook-parent Meta (META.O) said on Friday that users were having trouble accessing the social media company's services.
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X: @andymstone, @gergelyorosz, and @thebobpony
| Wall Street Journal: |
Companies with rising AI costs are increasingly using tools that tap cheaper models, including some from China, putting pricing pressure on OpenAI and Anthropic — Startups and tech giants alike are mixing and matching AI models to avoid the premium prices charged by industry leaders
More: New Republic, Business Insider, Fierce Network, Euronews, Understanding AI, Semafor, and Decrypt. Bluesky: @carlquintanilla
| Lorenzo Franceschi-Bicchierai / TechCrunch: |
Oracle warns customers of a critical PeopleSoft flaw after ShinyHunters claimed it breached 100+ organizations that use PeopleSoft; Oracle hasn't issued a patch — Oracle warned its corporate customers that there is a critical-rated vulnerability in its PeopleSoft software … | The Information: |
Anthropic is blindsiding its business partners by launching potentially competitive products with little warning, changing its pricing model, lying, and more — Weeks before Anthropic in April revealed Claude Design, an AI tool for creating designs and software application prototypes … | Bloomberg: |
Sources: French startup Mistral AI is in talks to raise ~€3B at a ~€20B valuation; it was last valued at €11.7B during a funding round in September 2025 — French startup Mistral AI is in talks to raise around €3 billion ($3.5 billion) at a valuation of roughly €20 billion …
More: TechCrunch, Sifted, The Next Web, and The Decoder
| Kayla Cobb / The Wrap: |
MrBeast hits 500M subscribers on YouTube, a record for the platform — The creator is the first to ever reach this milestone — MrBeast has broken yet another record. Jimmy Donaldson, aka MrBeast, hit 500 million subscribers on YouTube Friday, becoming the first creator ever to reach that amount.| The Information: |
Sources: six months after acquiring Rivos, Meta is struggling to integrate the chip startup and halted development of a chip for training its largest AI models — Meta Platforms bought semiconductor startup Rivos last year to accelerate development of in-house chips and reduce its reliance … | FinSMEs: |
New York City-based Current, which manages a consumer fintech platform, raised an $80M Series E at a $1.5B valuation led by Springcoast Partners — Current, NYC-based provider of a consumer fintech platform, raised $80M in Series E equity financing, at a $1.5 Billion valuation.
More: Current, The Next Web, Coverager, and The SaaS News
| Reuters: |
Sources: Nvidia has told Chinese clients that its new Vera CPUs for AI data centers could be available as soon as August and that they can begin placing orders — Nvidia (NVDA.O) has told Chinese clients that its new “Vera” central processors for AI data centres could be available as soon …
More: Tom's Hardware, The Information, The Next Web, Benzinga, Blockonomi, and Tech in Asia
| Maxwell Zeff / Wired: |
A profile of former Google DeepMind employee Thibault Sottiaux, now OpenAI's head of core products tasked with combining ChatGPT and Codex into a super app — Thibault Sottiaux helped make AI coding one of OpenAI's fastest-growing businesses. Now he's overseeing a sweeping overhaul of ChatGPT.
More: Business Today and The Decoder
| Seth Fiegerman / Bloomberg: |
More: OpenAI, Forbes, TechRadar, The Decoder, Techstrong.ai, XDA Developers, WinCentral, Neowin, Blockonomi, Digit, DigiTimes, SiliconANGLE, Benzinga, and MarketWatch
X: @gdb and @openainewsroom
LinkedIn: Wissam Nasreddine, Joseph Coakley, and Sarah Friar
| New York Times: |
How Chinese manufacturers are dominating the humanoid robot supply chain in pace and price, even as the industry struggles to find a purpose for such robots — China's lead in humanoid robots was evident at last month's Humanoids Summit, a robotics conference in Tokyo.Videos by Qilai Shen and Hiroko Masuike
Bluesky: @dmnd.me
| Kenneth Shepard / Kotaku: |
Niantic Spatial says Pokémon Go data is “not part of” its deal with spatial AI company Vantor, after concerns that game data could be used for military drones — The company says it no longer receives data from the monster-catching app after Niantic was acquired by Scopely
More: IGN, Dexerto, Ars Technica, The Guardian, Gameranx, Android Authority, PC Gamer, and GoNintendo
Bluesky: @knoebel and @pokejungle
Forums: Hacker News and Slashdot
| Carl Franzen / VentureBeat: |
Xiaomi releases MiMo Code V0.1.0, an open-source AI coding assistant that it says outperforms Claude Code on agentic coding and software engineering benchmarks — Xiaomi's MiMo AI team has open-sourced MiMo Code V0.1., a terminal-native AI coding assistant that the Chinese electronics giant …
More: Tech Times, Developer Tech News, GitHub, Xiaomi MiMo, and The Indian Express
X: @xiaomimimo and @_luofuli
| Kanoko Matsuyama / Bloomberg: |
Memory chipmaker Kioxia replaces Toyota as Japan's largest company by market value; Kioxia's shares surged 7.6% on Friday, lifting its market cap above ~$274B — Memory chipmaker Kioxia Holdings Corp. replaced Toyota Motor Corp. to become Japan's largest company by market value …
More: The Straits Times, Seoul Economic Daily, and Tech in Asia
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