Science

Tesla Stock Underperforms SpaceX in First Week After IPO

Tesla Inc. stock is set to end the holiday-shortened week lower after SpaceX went public last Friday.

DoubleDragon secures 99% of MerryMart shares

MANILA, Philippines – DoubleDragon Corp. said shareholders of nearly 99 percent of MerryMart Consumer Corp. had tendered their shares under its acquisition offer, bringing the conglomerate closer to fully consolidating the listed retailer…

After Senate vote, Trump admin backs off plans to kill ocean monitoring

In May, the federal government announced without warning that it would take apart a network of ocean monitoring systems that it had spent over $350 million to build. No reason was given for the decision to shut down the Ocean Observatories…

New AI optimization framework beats Claude Code and Codex by 2.5x on the same compute budget

Imagine your engineering team just deployed an AI agent to search through internal company documents and answer employee questions. It works perfectly in development, but in production, it consistently hallucinates or misses key…

Centralized AI Is a Massive Data Liability: What Enterprises Can Do To Mitigate Risks

It was a perfectly ordinary Tuesday in March 2023 when Samsung's semiconductor engineers started using ChatGPT to help debug code. Makes sense: it's a useful tool. The company had just lifted its ban on the chatbot. Who wouldn't want a…

SpaceX adds Sequoia’s Roelof Botha to its board, days after record $75 billion IPO

SpaceX has appointed Roelof Botha, the former steward of Sequoia Capital, to its board of directors. The appointment, disclosed in an 8-K filing on 17 June, comes less than a week after the company’s record-breaking $75 billion IPO. Botha…

Before SpaceX IPO, investors in China secretly acquired stakes

A businessman with ties to Chinese military contractors was among the overseas investors who acquired stakes in SpaceX while it was still a private company. An entity linked to the Qatari royal family also took a stake. The new details…

Weekly quiz: How many SpaceX employees just became millionaires?

How much attention did you pay to what happened in the world over the past seven days?

Inside the wild week for SpaceX and the traders who pushed up its stock price

Also in Weekend Reads: A contrarian energy investment play as oil prices fall, credit advice for Gen Z and advice from the Moneyist.

SpaceX shares fall as post-IPO frenzy loses steam

SpaceX shares tumble as post-IPO frenzy loses steam

SpaceX bankers prepare for potential $20 billion bond offering, sources say