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June 11, 2026, 8:45 PM
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Bailey Lipschultz / Bloomberg:
SpaceX raises $75B in the biggest-ever IPO, pricing 555.6M shares at $135 each, giving it a market value of $1.77T  —  SpaceX has made history with the biggest-ever IPO, launching it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world's first trillionaire.
New York Times:
Some investors question SpaceX's projected $1.77T valuation, citing its $4.3B loss on $4.7B in revenue in Q1, concerns over space data centers, and more  —  Elon Musk's rocket company is spending big and losing money.  That has raised questions about whether it can justify its valuation for its blockbuster initial public offering.
Wall Street Journal:
Sources: BlackRock put in an order to buy at least $5B worth of SpaceX shares; SpaceX received an over $1B request from a single family-office investor  —  Other large asset managers made similarly eye-popping requests  —  Elon Musk's SpaceX is preparing to stage the largest public offering ever …
Bloomberg:
Sources: SpaceX's IPO has attracted over $100B in orders from retail investors, who are expected to be allocated at least 20% of the available shares
Zachary Basu / Axios:
Elon Musk is busy stoking far-right culture wars across the West on the eve of SpaceX's IPO, with an impunity unmatched in modern corporate history
Sean O'Kane / TechCrunch:
Waymo launches Waymo Premier, a $30-per-month membership program offering perks like skipping the line, 10% cashback, and five free ride cancellations per month  —  Waymo is launching a loyalty program called Waymo Premier, which will offer frequent robotaxi riders a number of perks in exchange for $29.99 per month.
Bill Toulas / BleepingComputer:
Europol says it has dismantled the AudiA6 crypto mixing service, which allegedly laundered $380M+ for ransomware actors and others between 2022 and 2025  —  Law enforcement has dismantled the “AudiA6” cryptocurrency service allegedly used by ransomware actors and other cybercriminals to launder more than $380 million.
Dan Primack / Axios:
Jeff Bezos' Prometheus, which is building AI models for physical tasks, raised a $12B Series B at a $41B valuation, following a $6.2B Series A  —  Prometheus, the industrial AI startup led by Jeff Bezos and former Google exec Vik Bajaj, today will announce that it's raised $12 billion in Series B funding at a $41 billion valuation.
Shahram Mokhtari / iFixit News:
A teardown reveals the Trump Mobile T1 is a gold-painted HTC U24 Pro but features some changes, including memory from Micron instead of SK Hynix  —  In case you missed it, there is now a Trump phone.  Yes, really.  And this week, we got to take it apart.  —  A couple of weeks ago I got …
Seth Fiegerman / Bloomberg:
OpenAI acquires Ona, which offers cloud services to support AI agents, and plans to bring Ona's team into its Codex effort  —  OpenAI has agreed to acquire Ona, a startup that offers cloud services to support artificial intelligence agents, part of a bid by the AI developer to make its technology more useful for businesses.
Jon Brodkin / Ars Technica:
Ted Cruz and Ron Wyden introduce the JAWBONE Act, which would let Americans sue federal officials who try to coerce broadcasters or platforms to censor speech  —  US Senators Ted Cruz (R-Texas) and Ron Wyden (D-Ore.) today introduced the JAWBONE Act, a proposed law that could fuel lawsuits …
John O'Farrell / New York Times:
Former a16z GP John O'Farrell criticizes the AI industry and his ex-partners for spending hundreds of millions to fight regulation, calling it “a huge mistake”  —  I first came to America from Ireland in 1984, as a young engineer about to attend business school.
Maxwell Zeff / Wired:
Anthropic backtracks on its decision to quietly limit Fable 5's ability to develop LLMs, saying “requests will visibly fall back to Opus 4.8”, after backlash  —  The company changed course after researchers spoke out against the policy, which would have covertly limited Claude's ability to develop competing AI models.
Samantha Subin / CNBC:
DoorDash launches an in-app AI chatbot to let users order food and groceries and make reservations with photos and prompts  —  DoorDash is bringing artificial intelligence deeper into the user experience, allowing customers to order food and make reservations with photos and prompts.
Chris Metinko / Axios:
Agentic workplace startup Genspark raised a $100M Series B extension at a $2.6B post-money valuation, up 63% in just three months; it has raised $645M+ to date  —  Agentic workplace startup Genspark raised $100 million in Series B extension funding at a $2.6 billion post-money valuation, co-founder Wen Sang tells Axios Pro exclusively.
Terrence O'Brien / The Verge:
Deezer launches an AI music detection tool for users of 20 services, including Spotify and Apple Music, after no company licensed its AI detection tech  —  Since the competition won't buy their tech, they're bringing it directly to users. … Deezer will now scan your playlists …
Politico:
The US House fails to extend FISA's Section 702, ensuring the warrantless surveillance program will expire for the first time since its 2008 enactment  —  The extension was put on the House floor under a fast-track method requiring a two-thirds-majority vote, but it failed to garner even a simple majority …
Wall Street Journal:
Sources: OpenAI is considering drastically lowering the prices it charges users for tokens in anticipation of similar cuts the startup expects Anthropic to make  —  The company might lower prices for tokens, the central unit for gauging AI costs, though the discussions are still in flux
Gina Heeb / Wall Street Journal:
Citigroup launches a blockchain-based platform for wealthy and institutional clients to trade tokenized shares of private firms, initially for foreign investors  —  Bank hopes other financial institutions will become involved  —  Citigroup is establishing a way for its wealthy …
Glenn Gamboa / Associated Press:
Anthropic donates $150M to launch Claude Corps, a fellowship program that will hire 1,000 fellows trained in the use of Claude and embed them at US nonprofits  —  Anthropic will donate $150 million to launch a fellowship program that places coaches with nonprofits around the country to help …
Bloomberg:
Crusoe said it had “paused” a plan to build a Wyoming data center; sources: it failed to win customers including Google amid concerns about costs and timetable  —  On Tuesday, the data center developer Crusoe announced that it had “paused” a plan to build an AI campus in Wyoming …

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From Mediagazer

Sara Fischer / Axios:
Disney study: the Toy Story franchise has driven $16B in total revenue for the company over 30 years; nearly half of the revenue was generated domestically

Jake Kanter / Deadline:
Sources: new Doctor Who episodes are likely to remain off TV until at least 2028; the BBC says it will use a competitive process to find producers for Season 16

Sarah Rumpf / Mediaite:
The Washington Post faces a proposed class action lawsuit that claims the company covertly used surveillance pricing to charge loyal subscribers higher rates

More News

Brian Fagioli / NERDS.xyz:
KKR launches Helix Digital, a new company to finance AI infrastructure, with $10B+ in committed capital from Nvidia, the Kuwait Investment Authority, and others

Earlier Picks

Yang Tian / BBC:
London's Met Police calls on tech companies to make stolen phones unusable and says it is sharing data with Apple to build a “global picture” of stolen devices
A.J. Vicens / Reuters:
The FBI seizes 13 domains allegedly tied to fake consulting firms that sought information from US government and military employees for suspected Chinese agents
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