Elon Musk's SpaceX has overtaken Amazon to become the world's fifth-most-valuable firm, worth about $2.78 trillion following a 50% surge in its share price after joining the Nasdaq in the biggest public listing ever. The company's stock value now exceeds Amazon's $2.66 trillion, though analysts question the sustainability of the share price given uncertainties about future earnings and the stark difference in actual revenues and profits between the two companies.
16 June 2026 · Joy Online →
German public broadcaster ZDF removed part of a report claiming Elon Musk called for migrants to be hunted in Northern Ireland, conceding the wording was "misleading." The report followed violence in Belfast triggered by a knife attack that prompted unrest and international attention.
16 June 2026 · Joy Online →
SpaceX has agreed to buy AI coding start-up Cursor (Anysphere) for $60 billion days after its own record IPO on Nasdaq, which valued the rocket company at over $2 trillion. The acquisition follows a partnership agreement from April that gave SpaceX the option to either buy Cursor for $60 billion or pay $10 billion for work completed together.
16 June 2026 · Joy Online →
A federal judge in San Francisco dismissed xAI's lawsuit accusing OpenAI of stealing trade secrets related to its Grok chatbot, ruling xAI failed to show OpenAI induced a former engineer to divulge confidential information. The dismissal marks Musk's second legal loss against OpenAI in four weeks.
16 June 2026 · Joy Online →