Global tech stocks plunge as SpaceX comes back down to earth Markets Global tech stocks have been rocked by a widespread sell-off today after investors dumped shares in SpaceX and triggered a rout across markets. Asian markets sank overnight, with South Korea’s Kospi falling 8.3 per cent leading to the stock exchange forcing a trading-halt as investors dashed to sell-off their chip exposure. Much of this stemmed [...]
SpaceX kicks off bond sale as it looks to begin mass borrowing spree Markets Elon Musk’s SpaceX has begun selling investment grade bonds for the first time in what is anticipated to be a mass borrowing spree in order to fund the company’s ambitious AI plans following its blockbuster Nasdaq listing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase & Co and Morgan Stanley are arranging calls with investors [...]
Government to take on big tech in bid to boost British news Tech The government is preparing to force social media platforms to boost the presence of British news providers to counter misinformation, in a move likely to ruffle the feathers of big tech firms. Ministers are preparing to consult on rules which would require platforms like YouTube and Meta to make UK news sites like the BBC, [...]
Ryanair hands O’Leary six-year extension June 19, 2026 Ryanair boss Michael O’Leary is set to remain in his role as chief executive for another six years after agreeing a fresh contract with the budget airline, including an enormous pay packet that could see him handed 10m additional shares. The Dublin-based carrier said the veteran chief executive’s contract will run until April 2032, following [...]
Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza June 17, 2026 Scottish investment shop Baillie Gifford is in line to more than triple its money on its stakes in Anthropic when the AI juggernaut floats on the stock market this summer, just months after netting a £3.6bn gain on its historic SpaceX punt. Three of the Edinburgh-based asset manager’s flagship trusts could use Anthropic’s eagerly awaited [...]
SpaceX snaps up AI coding darling Cursor as valuation soars past Amazon June 16, 2026 Elon Musk’s SpaceX has overtaken Amazon to become the world’s fifth-largest listed company after a blistering post-IPO rally, as the newly public firm unveiled a $60bn (£45bn) takeover of AI coding start-up Cursor. Shares in Musk’s rocket and AI giant rose more than eight per cent in pre-market trading on Tuesday, extending a surge that [...]
Elon Musk becomes world’s first trillionaire after SpaceX mega float June 13, 2026 Elon Musk is never far from the headlines and now the Tesla and X owner is making history once again after the blockbuster float of his SpaceX company has made him the world’s first ever paper trillionaire. The 54-year-old’s net worth was estimated at 982.6bn US dollars (£733bn) before the float, according to Forbes, which has swelled [...]
When AI’s taken all the work, what will we all do? June 12, 2026 The possible abundances of the AI-powered future mean that our lives won't be nasty, brutish and short – but will they be devoid of meaning?
Don’t ask SpaceX for projections, reach for the stars June 12, 2026 Elon Musk can’t provide concrete figures showing how much money SpaceX will make from space tourism or asteroid mining because his horizons are lightyears away, says Rainer Zitelmann In 1949, 20 years before the first moon landing, the world-famous American science fiction author Robert A. Heinlein wrote the short story The Man Who Sold the [...]
SpaceX lands record $75bn raise as Wall Street braces for mega debut June 12, 2026 Elon Musk’s SpaceX is set to begin trading on Friday after pulling off the largest IPO in history, with investor demand reportedly topping $250bn (£186bn) and early trading indications pointing to a big first-day jump. The aerospace and AI giant raised $75bn at a fixed price of $135 per share, giving the company a valuation [...]