SpaceX Shares Fall Another 16.4%, Nearly Erasing Gains From Record IPO
NEW YORK — The biggest initial public offering in stock market history is having the worst first week any investor could have feared. SpaceX shares fell 16.4% on Tuesday, the…
Apple to Close Three U.S. Stores, Including Its First Unionized Location
TOWSON, Md. — The Apple Store at Towson Town Center opened in 2001 as one of the company’s earliest retail locations, and in 2022 it became the first Apple store…
OpenAI Teams With Trail of Bits to Fix Open-Source Software, Starting With the Code That Runs the Internet
SAN FRANCISCO — The program’s name borrows from a line in the 1995 film “Hackers,” in which a teenager declares an ambition to “hack the planet.” OpenAI’s version, called Patch…
SpaceX’s First Week on the Public Market Ends With $50 Billion in Value Erased
The stock that investors queued for months to buy is now teaching them a lesson about gravity. SpaceX, trading on the Nasdaq under the ticker SPCX, fell more than 3…
EU Unveils Tech Sovereignty Package to Control the Full AI Stack
The European Commission has spent a decade regulating American technology giants from a distance. On Monday it moved to build something it could own instead. The commission unveiled its Tech…
Tesla Opens Driverless Robotaxi Service to the Public in Austin
The car that pulled up to the curb in downtown Austin on Sunday had no steering wheel and no one in the driver’s seat, and the passenger who climbed in…
Nebius and CoreWeave Enter the Nasdaq-100 as AI Cloud Comes of Age
The Nasdaq-100 has always been a club for the biggest names in technology, and on Monday it admitted two companies that barely existed as public businesses three years ago. Nebius…
Apple’s Foldable iPhone Is Coming in September, and the Design Team Is in Its Lowest Moment
The supply chain in Shenzhen has started moving parts for a product Apple has never confirmed, and the pieces tell a consistent story. Suppliers have begun small-batch production of components…
Trump Joins AI Chiefs at G7, Resists Curbs on Frontier Models
The room at this week’s Group of Seven summit held an unfamiliar mix: heads of government seated across from the chief executives of OpenAI, Anthropic and Google. The three men…
SpaceX Shares Keep Climbing as Quarterly Revenue Beats Forecasts
SpaceX shares rose about 4% in a single session this week, extending a rally that has carried the company since its public listing and pushed its market value past several…
