By Laura Michelle Davis According to several news reports, including a detailed piece by The New York Times, thousands of current and former SpaceX employees could become overnight millionaires, thanks to today's IPO. Why does this coverage feel like a red herring? Probably because Elon Musk has become the world's first trillionaire, while other billionaires in his circle, along with a flock of Silicon Valley venture capitalists and private investment firms, are going to hit the jackpot again. The rest of us can barely afford to eat the proverbial cake. It's worth a reminder that SpaceX, whi
SpaceX IPO Live: Elon Musk Is a Trillionaire, and the Rest of Us Aren'tBy Jon Reed The IPO, as planned, is expected to value the company around $1.75 trillion. But not everybody agrees that the company is worth anything near that. Take the analysts at Morningstar, who looked at the company's core business lines and came up with something significantly less.An analysis published last week by Morningstar's Nicolas Owens and Suryansh Sharma put the company's value at $780 billion -- about half what SpaceX has said. They said the rocket business has the biggest upside, while Starlink will continue to be the main driver of cash for the company, although its opportun
SpaceX IPO Live: Elon Musk Is a Trillionaire, and the Rest of Us Aren'tSpaceX IPO Live: Elon Musk Is a Trillionaire, and the Rest of Us Aren't The first big tech IPO of the summer included Starlink, xAI and X. It sets the stage for expected public offerings by Anthropic and OpenAI. …
Remember those upbeat newscasts in The Hunger Games , filled with big smiles, snazzy music cuts and flamboyant outfits? It's all exciting and opulent for the few -- while the rest of the population faces starvation, uncertainty and fear. …
… Apple on AI When asked about AI, Apple noted that it is "clearly investing more" across operating expenditure and R&D. While AI is "a really important investment area for Apple," the company will be exploring it incrementally on top of its typical product development and release. …
… A "verbal brain dump," as CEO Sundar Pichai called it. It seems like you're not required to grant it access to the rest of your Google accounts or web history, which is one of the big barriers to my adopting a lot of Google's AI tools, though it will, in theory, deliver better results if you do. …
… Image and video have been rapidly evolving areas of the AI industry. Google's been a big part of this push. But not every AI company has stuck with generative media; OpenAI recently announced it would be discontinuing its AI video app , Sora. …
… Unsurprisingly, they say it's all about having autonomous AI systems, including agents, playing a big role. Agentic systems are one of the biggest recent developments in the AI revolution. …
… Why we like it Between its lighter build, onboard Gemini AI, and new health sensors, it delivers big performance in a more compact, more comfortable, and more affordable package than its siblings the Ultra and Classic . …
… Jump to details Pros Big and bright screen Good photos for the price Six years of software and security support Cons Multitasking can be rough Noticeably sluggish Best cheap flip phone Motorola Razr 2025 $550 at Best Buy 7.4/10 CNET Score CNET Score CNET provides expert, unbiased reviews of product… …
… Acer Nitro V 16S AI : This budget gaming laptop serves up a big screen and big value. …
… The iPhone Air only supports up to 20-watt charging, as opposed to the 40-watt charging you'll find on its iPhone 17 counterparts. But if you're willing to make some compromises, the super-sleek iPhone Air can be an enjoyable investment. Read CNET's iPhone Air review . …