11 Jun 2026
SpaceX Blasts Off With a Record-Breaking $75 Billion IPO
Elon Musk's rocket company, recently merged with xAI, raised $75 billion in its initial public stock offering. It's the first of a trio of mega-IPOs from AI companies expected this year.
11 Jun 2026
Friday essay: despite the AI hype, some experts warn of a bubble – what happens if it pops?
In the last few years, the hype around artificial intelligence has become stratospheric. Riding a wave of venture capital, tech leaders promised us AI would revolutionise work , boost productivity and lead to incredible new breakthroughs. OpenAI, the creator of ChatGPT, set a new record when it attained US$110 billion in investments several months ago – and its CEO, Sam Altman, recently claimed…
11 Jun 2026
Grok Is Still Hosting Sexualized Deepfakes of Famous Women
Elon Musk’s Grok chatbot is apparently still being used to produce and host nonconsensual explicit images and videos of women, months after Musk’s artificial intelligence firm xAI said it would introduce restrictions to stop the creation of potentially harmful sexualized deepfakes.
11 Jun 2026
From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards
SpaceX's Super Heavy booster is seen on the launch pad, as Starship is prepared to be placed on top, at the company's Boca Chica complex, ahead of Starship's eighth test flight which is targeted for March 3, from Starbase, near Brownsville, Texas, U.S. March 2, 2025. Kaylee Greenlee | Reuters
11 Jun 2026
Coinbase launches AI agent accounts that can trade and spend on your behalf
Coinbase announced Wednesday that it had launched "Coinbase for Agents," a new platform that lets AI assistants like ChatGPT and Claude connect to users’ Coinbase accounts to trade crypto, access data and eventually make payments and purchases autonomously.
11 Jun 2026
SpaceX heads for record $1.78tn float amid fears it is overvalued
Elon Musk’s SpaceX is set to launch the biggest stock market float in history amid warnings that it may be overvalued.
11 Jun 2026
A Havertown native is giving historic $112.6 million to Drexel, months after his record gift to St. Joe’s Prep
Drexel University has received a $112.6 million gift — the largest in its history by more than double — to establish its new college of engineering and computing, renovate space in two buildings to foster programs within it, and provide more scholarships. The gift comes from The Howley Foundation, a Cleveland-based philanthropic group whose mission, according to its website, is “to create social…
11 Jun 2026
$112.6 million donation creates Nick Howley College of Engineering and Computing
The Howley Foundation has gifted $112.6 million dollars to Drexel University, establishing the largest donation in the college’s history. In recognition of the donation, the College of Engineering and Computing — to be created through the merger of the College of Engineering, Informatics and Computing, and Biomedical Engineering in Fall 2026 — will be titled the Nick Howley College of Engineering…
11 Jun 2026
A look at the SpaceX IPO by the numbers
Elon Musk is all about big numbers — millions, billions, even trillions – and there are plenty of them associated with SpaceX and Musk's plans to take the rocket maker public. The prospectus for the SpaceX stock debut shows spending at a massive scale — greater than the economic output of some countries — and about to grow much larger as Musk races to make good on his promise to hurl people to…
