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Will California’s billionaire tax proposal make it to ballots?

Despite more than double the needed number of signatures to qualify for ballot, there’s uncertainty it’ll make it to votersHi and welcome to TechScape. Nick Robins-Early and Dara Kerr here, filling in for your usual host Blake Montgomery who is out on vacation. We’ll be talking about the fight over a proposed billionaire tax in

Will California’s billionaire tax proposal make it to ballots? Read More »

Will California’s billionaire tax proposal make it to ballots?

Despite more than double the needed number of signatures to qualify for ballot, there’s uncertainty it’ll make it to votersHi and welcome to TechScape. Nick Robins-Early and Dara Kerr here, filling in for your usual host Blake Montgomery who is out on vacation. We’ll be talking about the fight over a proposed billionaire tax in

Will California’s billionaire tax proposal make it to ballots? Read More »

‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings

Guardian readers in the US share concerns about how the SpaceX IPO and AI boom affect their retirement accountsElon 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

‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings Read More »

SpaceX acquires AI coding platform Cursor for $60 billion

SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal is expected to close in the third quarter. It comes just two days after SpaceX’s unprecedented IPO and a few months after the merger of SpaceX and xAI, which brought a significant restructuring of xAI.

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SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation

Elon Musk firm adds startup behind Cursor app to its portfolio with xAI and reaches $2.8tn market capitalisationElon Musk’s SpaceX is buying the startup behind the AI-powered coding app Cursor for $60bn and has moved ahead of Amazon in valuation days after its stock market debut.The company has agreed to buy Anysphere, which has capitalised

SpaceX to buy AI coding firm Anysphere for $60bn and passes Amazon valuation Read More »

Elon Musk’s unprecendented accumulation of wealth

IPO mints Musk as world’s first trillionaire – now SpaceX is public, it will be harder than ever not to have a stake in its future Hi and welcome to TechScape. Nick Robins-Early here, US tech and power reporter at the Guardian. I’m filling in for your usual host Blake Montgomery, who is out this

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SpaceX is now a public company valued for its AI potential, so what comes next?

Space Exploration Technologies, better known simply as SpaceX, became a publicly traded company on Friday nearly a quarter of a century after it was founded. The company began trading on the NASDAQ exchange in New York City at $135 a share, valuing SpaceX at nearly $1.8 trillion. By the end of the trading day the

SpaceX is now a public company valued for its AI potential, so what comes next? Read More »

Share your views on SpaceX’s stock market debut

Americans’ financial futures are about to tied to the fortunes of Elon Musk with the world’s largest ever stock market debut. How do you feel about this?Elon Musk’s SpaceX made the world’s largest ever stock market debut on Friday at a valuation of $1.77tn. It was also set to turn Musk into the world’s first-ever

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After SpaceX’s huge IPO, Americans’ financial future will be bound to AI

They’re about to get more AI rammed down their throats, stuck into their pension plans and investment portfoliosAmericans are growing worried about what artificial intelligence portends for their futures. Eight in 10 Americans report concern over AI, compared with a third who report being excited, according to a recent Quinnipiac poll. More than half think

After SpaceX’s huge IPO, Americans’ financial future will be bound to AI Read More »

SpaceX to list on US stock market at historic $1.77tn valuation

IPO for Elon Musk’s company comes in what is predicted to be a banner year for public offerings of AI companiesSpaceX will become publicly traded on Friday after nearly two and a half decades as a private company. Executives are slated to ring the bell on Wall Street with the rocket ship maker’s historic stock

SpaceX to list on US stock market at historic $1.77tn valuation Read More »