The SpaceX IPO made history. Is the excitement still there? SpaceX investors have swung from celebration to apparent concern in its first month as a publicly traded company. When shares in the firm, co-founded and led by Elon Musk, first became available for individuals to buy on the public stock market on 12 June, there was an investor frenzy . Although the company had decided to price its shares at $135 each, the price immediately shot up to $150 that first day, climbing to $176, before closing at $160.95.

SpaceX's swift addition to the Nasdaq-100 index is expected to unleash billions in passive buying, as brokerages kicked off coverage of the $2 trillion rocket and satellite company with largely bullish views. The Elon Musk-led company joined the index on Tuesday, less than a month after its stock market debut on June 12 - among the fastest inclusions ever - thanks to the Nasdaq's revised rules for newly listed companies looking to enter widely tracked benchmarks. However, shares of SpaceX fell 5.4 percent, reflecting a slide in high-momentum tech stocks, including Micron Technology, on concerns about the longevity of the AI boom. "There's nervousness about expectations being too high," said Mark Hackett, chief market strategist for Nationwide. "I expect that to continue until we get some earnings out."

For decades, the senator has argued that concentrated wealth threatened American democracy. Now he's betting that frustration with Big Tech, billionaires, and unchecked AI is reaching a tipping point. It's hard to believe Bernie Sanders . Not because the longtime Vermont senator bears the hallmarks of a liar. Yes, he's a career politician, but the 84-year-old progressive torchbearer counts more viral memes than scandals to his name. Rather, it's hard to believe Bernie Sanders because, for decades, he's told Americans that this country can radically change, while championing ideas too far afield from the status quo to really have a chance. He wants to bring billionaires to heel, for one. And implement universal, government-run health care. If Sanders had his way, it wouldn't even exist. I believe it, and WIRED champions it. Sanders, though, is now hard at work adding one more big, improbable change to the pile: Since 2023, he's been advocating for firm and decisive regulation of the AI industry . In March of this year, Sanders and his frequent collaborator, Representative Alexandria Ocasio-Cortez, proposed legislation that would halt data center construction until a series of safeguards are implemented. In June, Sanders announced the American AI Sovereign Wealth Fund Act, which would essentially tax AI's richest companies and result in direct payments to American citizens. I wanted to talk to Sanders about those bills, and his perspective on AI more broadly. On a deeper level, though, I was curious about how Sanders sees the barriers to regulation--from tech oligarchs and deep-pocketed super PACs, to a federal administration happier to enrich itself via technology than actually govern it--and whether he thinks those seemingly intractable obstacles can be overcome. After a few months of haranguing, Sanders agreed to sit down, which is how I found myself in his modest DC campaign office watching the senator--thoughtful, genuine, vociferous as ever--grapple in real time with what he describes as "the most consequential, transformational technology in the history of humanity." Sanders and I spoke on Tuesday, June 23, as the New York Democratic primary was underway. I woke up the next day, our conversation echoing in my head, to find that a coalition of democratic socialists had swept their respective elections and sent party stalwarts into an existential tailspin. A few hours later, New Jersey representative Frank Pallone, the top Democrat on the House Energy and Commerce Committee, became the most mainstream member of the party to publicly support an AI data center moratorium .

Image caption, Elon Musk has repeatedly boasted of Tesla's self-driving capabilities. Jennifer Barbour filed her lawsuit in a local court on Tuesday, just days after her 76-year-old mother Martha Avila died from injuries she sustained after a Tesla Model 3 sped into their shared home . The Tesla driver told police that he was using the car's autonomous or full self-driving technology at the time of the crash. In the lawsuit Barbour accuses Elon Musk's electric vehicle company of defective design and negligence by promoting technology that is unsafe, while Musk on social media denied the technology was to blame. Tesla was approached for comment.

'AI cannot and will never render us obsolete' Cory Doctorow at home in Los Angeles. 'AI cannot and will never render us obsolete' Cory Doctorow at home in Los Angeles. 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 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 your kids' jobs, and there is no point fighting it because the future's already here.

Masayoshi Son dismisses Musk's idea for orbital data centers SoftBank founder Masayoshi Son dismissed the idea of space-based data centers, arguing that the AI race will be won by computing power on Earth. SoftBank Group founder Masayoshi Son said there's little merit to building data centers in space, as championed by Elon Musk, predicting that the artificial intelligence race will be clinched by computing power on Earth. The main advantage of building data centers in space would be to slash electricity costs. But such expenses comprise a small fraction of the cost of operating data centers, compared with hardware like chips, Son said during an annual shareholder meeting for SoftBank's mobile unit on Tuesday. The tradeoff for any power cost reductions would also include higher fees to transport everything into space, maintenance and communication delays, he added.

"You would not believe the texts I got from these tech guys," NYT reporters Maggie Haberman and Jonathan Swan quote Donald Trump as telling associates in an upcoming book. Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos sought to ingratiate themselves with President Donald Trump after he won the 2024 election, and in return he mocked their efforts behind their backs, according to a new book by The New York Times reporters Maggie Haberman and Jonathan Swan. Zuckerberg once texted Trump a photo of a letter written by one of his grade-school-age children, who wrote that they "looked forward to the golden age of America," a slogan Trump had repeated at rallies during the presidential campaign. And over dinner at Trump's Mar-a-Lago club, Bezos denigrated The Washington Post to Trump and essentially described the newspaper as one of his worst financial investments, months before he unsuccessfully sought a business favor from the president. These episodes are detailed in the book, a copy of which WIRED obtained ahead of its release on June 23.

'Musk profits where there are as few regulations as possible and he can dominate.' 'Musk profits where there are as few regulations as possible and he can dominate.' Ten years ago, after complaining that traffic was'driving him nuts', Musk's Boring Company began building underground tunnels to ease congestion on the roads. I t's another blindingly bright day in Las Vegas but I'm 30ft underground and strapped in for a rocket ride to the future. And it's pretty slow - my driver tells me the speed limit down here is 30mph. It's also pretty short: the journey is over in a matter of minutes.

Musk's SpaceX buys AI coding start-up for $60bn days after IPO SpaceX has agreed to buy AI coding start-up Cursor for $60bn (£45bn) just days after its bumper initial public offering (IPO). Elon Musk's rocket company will take over Anysphere, which makes the artificial intelligence coding agent. The move comes after SpaceX joined New York's tech-focused Nasdaq stock exchange on Friday in the biggest ever listing, valuing it at more than $2tn and raising $85.7bn . A surge in SpaceX's share price on Monday and Tuesday saw the company overtake Amazon to become the world's fifth most valuable company. The companies have been partners since April, when SpaceX announced it had the right to either buy it for $60bn, or pay $10bn for the work they have done together.

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 I'm filling in for your usual host Blake Montgomery, who is out this week on vacation. Today, we'll be talking about the historic SpaceX IPO and the US government's surprise order to limit the use of Anthropic's most advanced AI model over cybersecurity concerns. Elon Musk's SpaceX hit the market on Friday in the biggest IPO of all time, raising $85.7bn and easily shattering the previous record of $29.4bn set by the Saudi oil giant Aramco. The rocket, AI and satellite communications company ended the day at $160.95 per share, up from its IPO price of $135 and satisfying any Wall Street skepticism over the unorthodox rollout of the stock. SpaceX's successful market debut turned Musk into the world's first trillionaire, an unprecedented accumulation of wealth that supporters touted as a testament to his financial genius and critics denounced as a symbol of a broken economic system.