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After SpaceX’s huge IPO, Americans’ financial future will be bound to AI

After SpaceX’s huge IPO, Americans’ financial future will be bound to AI

June 12, 2026 • Guardian US

Summary

Americans are worried about how artificial intelligence (AI) will affect their jobs and lives. Elon Musk’s SpaceX is launching a huge initial public offering (IPO) to raise money for AI projects, and soon other AI companies will also go public, increasing the presence of AI-related stocks in many Americans' retirement and investment funds.

Key Facts

  • Eight out of 10 Americans say they are concerned about AI, while only one-third are excited about it.
  • More than half of Americans believe AI will cause more harm than good in daily life.
  • Seven out of 10 think AI will reduce the number of available jobs.
  • SpaceX’s IPO is valued at $75 billion, giving the company a $1.77 trillion market value.
  • SpaceX mainly earns money from internet services but plans to use IPO funds for AI ambitions, including orbital data centers.
  • AI companies Anthropic and OpenAI also plan IPOs soon, adding more major AI firms to stock markets.
  • Many Americans will own AI stocks through retirement plans and index funds that have to buy shares based on their market presence.
  • Large tech firms already make up a big part of the stock market, and adding SpaceX and other AI companies will increase tech’s influence on Americans' finances.
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Guardian US Guardian Business
SpaceX to list on US stock market at historic $1.77tn valuation

SpaceX to list on US stock market at historic $1.77tn valuation

June 12, 2026 • Guardian Tech

Summary

SpaceX will start trading on the US stock market with an initial value of $1.77 trillion. This could make it the largest IPO ever and potentially make its CEO, Elon Musk, the world's first trillionaire.

Key Facts

  • SpaceX is going public after about 25 years as a private company.
  • The company’s IPO valuation is $1.77 trillion, the largest in history.
  • Elon Musk owns most of SpaceX and is also CEO of Tesla, which is valued at $1.2 trillion.
  • SpaceX includes several Musk businesses such as Starlink (satellite internet), xAI (artificial intelligence), X (social media), and the rocket division.
  • SpaceX made $18.7 billion in revenue last year but lost $4.3 billion operating.
  • The IPO price was fixed at $135 per share, not a range, which is unusual.
  • Investor demand was reportedly four times higher than the shares offered.
  • About 4,400 SpaceX employees will become millionaires due to the IPO.
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Guardian Tech
Watch: Three things to know about SpaceX's stock market debut

Watch: Three things to know about SpaceX's stock market debut

June 12, 2026 • BBC World

Summary

SpaceX will start trading its shares on the stock market this Friday. This event is expected to be the largest stock listing ever and could make CEO Elon Musk the world’s first person with a net worth of one trillion dollars.

Key Facts

  • SpaceX is becoming a publicly traded company.
  • The stock market debut is set for this Friday.
  • It is expected to be the highest-value stock market listing in history.
  • CEO Elon Musk is likely to become the first trillionaire because of this listing.
  • The stock market debut is significant for SpaceX’s future business plans and growth.
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BBC World BBC US BBC Business BBC Top Stories
Elon Musk poised to make history as world’s first trillionaire

Elon Musk poised to make history as world’s first trillionaire

June 12, 2026 • Al Jazeera

Summary

Elon Musk is expected to become the world’s first trillionaire after SpaceX starts trading on the stock market. SpaceX will be valued at $1.77 trillion, which will make Musk’s stake worth between $743 billion and $866.5 billion, pushing his wealth over $1 trillion.

Key Facts

  • SpaceX will begin trading on the Nasdaq stock exchange with a value of $1.77 trillion.
  • Elon Musk owns 42% of SpaceX, which will make his shares worth roughly $743 billion to $866.5 billion.
  • This new valuation will push Musk’s total wealth over $1 trillion.
  • Musk is currently the richest person in the world, with a net worth of about $696 billion before this offering.
  • If Musk spent $1 million every day, it would take him nearly 2,740 years to spend $1 trillion.
  • Musk would be more than three times richer than Larry Page, the second richest person with $304 billion.
  • Musk’s wealth as a percentage of the US economy would be about 3%, larger than historic wealthy figures like Rockefeller or Carnegie.
  • Experts estimate Musk could command the labor of over 557,000 people, far exceeding past magnates.
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Al Jazeera
Paddy Power owner Flutter to scrap listing on London Stock Exchange

Paddy Power owner Flutter to scrap listing on London Stock Exchange

June 12, 2026 • Guardian World

Summary

Flutter Entertainment, the owner of Paddy Power and Betfair, will remove its shares from the London Stock Exchange on August 3, 2025. The company said low trading volume and high costs influenced this decision after moving its main listing to New York earlier in 2024.

Key Facts

  • Flutter Entertainment owns well-known betting brands Paddy Power and Betfair.
  • The company plans to stop trading its shares on the London Stock Exchange on August 3, 2025.
  • It moved its primary stock listing from London to New York in early 2024.
  • Flutter said low trading activity and high costs of staying listed in London caused the delisting decision.
  • Flutter is worth about £15 billion and is the largest online betting company worldwide.
  • Many UK-listed companies are shifting their stock listings to the US for better valuations and benefits.
  • Flutter has around 28,500 employees worldwide and is mainly run from New York.
  • Its shares in London lost half their value in 2025, partly due to new US betting markets called prediction markets.
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Guardian World
'I was employee number one': SpaceX co-founder reacts to firm's market debut

'I was employee number one': SpaceX co-founder reacts to firm's market debut

June 12, 2026 • BBC World

Summary

SpaceX co-founder Tom Mueller, who was the company's first employee, shared his thoughts as SpaceX prepares to start public trading. The company, co-founded with Elon Musk in 2002, is valued at about $1.8 trillion as it enters the stock market.

Key Facts

  • Tom Mueller was the first employee at SpaceX.
  • SpaceX was co-founded by Mueller and Elon Musk in 2002.
  • The company is about to debut on the public stock market.
  • SpaceX’s estimated value at debut is more than $1.8 trillion.
  • Elon Musk is the current CEO and co-founder of SpaceX.
  • Public market debut means SpaceX will offer shares for people to buy.
  • This event marks a major milestone for the company after over 20 years.
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BBC World BBC Business BBC US
UK economy shrank by 0.1% in April

UK economy shrank by 0.1% in April

June 12, 2026 • BBC Business

Summary

The UK economy shrank by 0.1% in April, mainly because the services sector produced less. However, construction activities increased, which helped reduce the overall drop. Over the three months leading to April, the economy grew by 0.7% compared to the previous three months.

Key Facts

  • The UK economy decreased by 0.1% in April.
  • The decline was mainly due to lower output in the services sector.
  • Construction grew, partially balancing the drop in services.
  • Analysts had expected a small decline in April after stronger growth in March.
  • The March growth was partly because people spent money earlier due to worries about the war in the Middle East.
  • Over the three months to April, the UK economy grew by 0.7% compared to the previous three months.
  • The data comes from the Office for National Statistics (ONS).
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BBC Business BBC Top Stories
UK economy shrank by 0.1% in April as Iran war held back growth

UK economy shrank by 0.1% in April as Iran war held back growth

June 12, 2026 • Guardian World

Summary

The UK economy shrank by 0.1% in April, partly due to rising energy prices linked to the war involving Iran. This decline came after a 0.3% growth in March and suggests the UK’s economy may shrink further in the second quarter.

Key Facts

  • The UK economy fell by 0.1% in April.
  • Economic growth in March was 0.3%.
  • Rising energy prices from the Iran conflict affected the UK economy.
  • Iran closed the Strait of Hormuz, a vital global shipping route, impacting trade.
  • The UK’s strong growth earlier in the year slowed down due to these factors.
  • Economists worry the UK economy could shrink in the second quarter of the year.
  • Chancellor Rachel Reeves said the UK economy was strong before this crisis.
  • Reeves criticized President Trump’s role in the conflict as a cause of economic problems.
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Guardian World
Diane Keaton’s nail clippers for $960: what’s behind the new boom in celebrity estate auctions?

Diane Keaton’s nail clippers for $960: what’s behind the new boom in celebrity estate auctions?

June 12, 2026 • Guardian Business

Summary

Items that belonged to famous people who have died are being sold in auctions, and fans are paying much more than expected for these personal belongings. Diane Keaton’s estate auction, which includes hats, scarves, and even nail clippers, has raised over $1 million by selling many items for prices much higher than their estimates.

Key Facts

  • Auctions of personal items from deceased celebrities have become very popular since the Marilyn Monroe estate sale in 1999.
  • Diane Keaton’s auction at Bonhams in New York included 787 items from her personal and professional life.
  • Her original script for the movie Annie Hall sold for $394,000, far above the $2,000 estimate.
  • Some hats and scarves sold for thousands of dollars, well above their initial estimates.
  • A collection of nail clippers and safety pins sold for $960.
  • Fans want to own personal items from celebrities to feel closer to them and remember important moments in their own lives.
  • The auctions attract collectors who admire celebrities and have money to spend on unique items.
  • Bonhams works with The Fine Art Group, a specialist in celebrity auctions, to sell these collections.
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Guardian Business
The World Cup of adverts: How brands are competing to entertain, not simply sell

The World Cup of adverts: How brands are competing to entertain, not simply sell

June 12, 2026 • BBC Top Stories

Summary

Brands are creating long, star-filled videos to promote their products during the FIFA Men's World Cup. These ads focus more on entertaining viewers and connecting with culture, rather than just selling products.

Key Facts

  • Nike made a nearly six-minute football ad featuring stars like Erling Haaland, Kylian Mbappe, and Cristiano Ronaldo.
  • Other celebrities in ads include Kim Kardashian, LeBron James, and actor Timothée Chalamet.
  • Adidas created a five-minute ad with young football players and celebrities.
  • Brands such as Brahma, Budweiser, Pepsi, Lays, and Lego also released creative World Cup ads.
  • These ads are more like mini-movies than traditional commercials.
  • Advertising experts say young people prefer ads that entertain instead of straightforward marketing.
  • There is a growing trend for brands to focus on cultural engagement and lifestyle in their ads.
  • The approach to World Cup ads is similar to how brands prepare for the Super Bowl in the US.
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BBC Top Stories BBC World
Musk's SpaceX set to make biggest-ever initial public offering on Wall Street

Musk's SpaceX set to make biggest-ever initial public offering on Wall Street

June 12, 2026 • France24

Summary

SpaceX, Elon Musk’s space and technology company, is launching the largest initial public offering (IPO) in history by selling over 555 million shares at $135 each. This IPO values SpaceX at nearly $1.8 trillion, making it one of the biggest companies on Wall Street and likely to make Musk the world’s first trillionaire.

Key Facts

  • SpaceX’s IPO will start trading on the Nasdaq stock exchange.
  • The company is offering more than 555 million shares priced at $135 each.
  • The total money raised from the IPO is expected to be over $75 billion.
  • SpaceX’s valuation is nearly $1.8 trillion, ranking it among the top 10 biggest Wall Street companies.
  • SpaceX includes Musk’s AI company xAI and the social media platform X (formerly Twitter).
  • The IPO demand was very high, with the offering oversubscribed more than four times.
  • SpaceX reported $18.7 billion in revenue for 2025 but also a net loss of $4.9 billion.
  • The company aims to expand its satellite internet service Starlink and grow its AI technology.
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France24
Stock markets surge as Trump calls off strikes on Iran, touts peace deal

Stock markets surge as Trump calls off strikes on Iran, touts peace deal

June 12, 2026 • Al Jazeera

Summary

Stock markets rose sharply after President Donald Trump said he called off planned strikes on Iran and indicated a peace deal could happen soon. Major US and Asian stock indexes increased, and oil prices dropped slightly on hopes the conflict in the Strait of Hormuz might ease.

Key Facts

  • President Trump announced he called off military strikes against Iran.
  • Trump said a peace agreement with Iran is close to being finalized.
  • The S&P 500 index in the US rose nearly 1.8 percent, ending three days of losses.
  • The Nasdaq index gained 2.5 percent, and the Dow Jones increased 1.9 percent.
  • Asian markets in Japan, South Korea, Taiwan, Hong Kong, and Australia also saw significant gains.
  • Brent crude oil prices fell by about 1 percent, dropping below $89.50 per barrel.
  • Iran has not confirmed the deal but acknowledged there is a memorandum of understanding under review.
  • Experts said the market rise shows reduced fears of conflict and reflects optimism about future trading conditions.
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Al Jazeera
More employers seeking critical thinking skills amid AI rise

More employers seeking critical thinking skills amid AI rise

June 12, 2026 • CBS News

Summary

As artificial intelligence (AI) becomes more common in many U.S. jobs, employers are looking more for critical thinking and liberal arts skills. This means they want workers who can think deeply and solve problems, even more than workers with traditional technical skills.

Key Facts

  • AI is increasingly used in different job sectors across the United States.
  • Employers want workers with strong critical thinking abilities.
  • Liberal arts skills are gaining importance in the workplace.
  • Traditional technical skills are becoming less in demand.
  • Career training experts observe this change in skill needs.
  • The shift is linked to AI automating routine or technical tasks.
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CBS News
Proposed data center near Nashville Zoo sparks heavy pushback

Proposed data center near Nashville Zoo sparks heavy pushback

June 12, 2026 • CBS News

Summary

People in Nashville are opposing the building of a large data center near the Nashville Zoo. They worry the noise, lights, and fumes from the data center could harm the zoo's animals. The company building it promises to limit disruptions, but local officials are considering new rules to keep data centers away from sensitive places like zoos.

Key Facts

  • A nearly 70,000-square-foot data center is planned near the Nashville Zoo.
  • The data center would run 24/7, close to animals including endangered species.
  • Residents and the zoo’s CEO say noise, lights, and fumes could stress animals and disrupt their natural cycles.
  • Country singer Brad Paisley supports an online petition opposing the project, which has nearly 400,000 signatures.
  • Nashville’s Metro Planning Commission held a hearing about banning large data centers near zoos, parks, homes, and daycares.
  • DC BLOX, the company behind the data center, says it uses soundproof housing for generators and controls exhaust to reduce impact.
  • There are over 4,300 data centers in the U.S., with 14 states proposing bans on new centers near certain communities.
  • The Nashville Zoo is open to talking with the company but doubts a compromise can fully address the problems.
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CBS News
SpaceX set to go public, could make Elon Musk a trillionaire

SpaceX set to go public, could make Elon Musk a trillionaire

June 11, 2026 • CBS News

Summary

SpaceX will offer shares to the public for the first time on Friday, making it a publicly traded company. This event is expected to be the biggest initial public offering (IPO) ever and could increase Elon Musk’s wealth to over one trillion dollars.

Key Facts

  • SpaceX is going public through its first sale of stock to outside investors.
  • The IPO could be the largest in history.
  • Elon Musk, the founder and CEO, could become a trillionaire because of this.
  • Many SpaceX employees may become millionaires after the IPO.
  • The event is scheduled to happen on Friday.
  • The IPO allows the public to buy shares and own part of SpaceX.
  • SpaceX is a private aerospace company known for space exploration and rocket launches.
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CBS News
Nashville residents fighting proposed data center next to zoo

Nashville residents fighting proposed data center next to zoo

June 11, 2026 • CBS News

Summary

Some people in Nashville, Tennessee, are trying to stop a new data center from being built next to the Nashville Zoo. They are concerned the center could cause noise, pollution, and bright lights that might bother the animals.

Key Facts

  • A data center is planned to be built near the Nashville Zoo.
  • Residents in the area are opposed to this project.
  • They worry about noise coming from the data center.
  • They fear pollution from fumes could affect the zoo animals.
  • Bright lights from the data center are also a concern.
  • The issue is ongoing and being reported in local news.
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CBS News
India's 'blue gold' starts a new drinks industry

India's 'blue gold' starts a new drinks industry

June 11, 2026 • BBC Tech

Summary

Farmers in India are starting to collect and sell agave plants, which grow wild and were once ignored. This plant is important because it is used to make tequila and other agave-based drinks, creating new business opportunities and income for Indian farmers and drink producers.

Key Facts

  • Agave americana, a cactus plant, grows wild in parts of India, especially the Deccan Plateau.
  • Indian farmers traditionally used agave as natural fencing, not as a crop.
  • Globally, agave plants support a $15 billion market for drinks like tequila and mezcal.
  • In Mexico, blue agave is farmed commercially, but in India, agave is mainly gathered from wild plants.
  • Farmers like Masapalli Venkatesh coordinate groups to collect wild agave and supply it to distilleries.
  • The key part of the plant for alcohol is the heart called the piña, which must be harvested before it blooms to keep sugar levels high.
  • Harvested agave must be processed within 24 hours to preserve sugars needed for quality spirits.
  • The Indian market for agave spirits is growing about 31% each year, with more consumers trying these new drinks.
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BBC Tech BBC Business
My friends always want to split the bill equally, how do I say no?

My friends always want to split the bill equally, how do I say no?

June 11, 2026 • BBC Business

Summary

Many people find it hard to talk with friends about money, especially when paying shared bills like at restaurants or on trips. Experts say being honest about what you can afford from the start helps avoid awkwardness and makes it easier to manage shared expenses.

Key Facts

  • Many friends prefer to split bills equally, even if some order less or cheaper items.
  • Some people feel awkward saying they want to pay only for what they ordered.
  • Research shows only 40% of adults feel comfortable talking about money with friends.
  • Women are less likely than men to discuss finances openly with friends (39% vs. 50%).
  • Experts advise setting spending limits upfront and being honest about budgets.
  • People can say they are saving for something else instead of saying they can’t afford an event.
  • Some friend groups openly talk about their money and budgets, helping reduce embarrassment.
  • Friends with more income sometimes cover costs for others who may be struggling.
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BBC Business BBC Top Stories
Musk’s $1.8 trillion SpaceX IPO could be ‘highly undesirable’ for some

Musk’s $1.8 trillion SpaceX IPO could be ‘highly undesirable’ for some

June 11, 2026 • Al Jazeera

Summary

SpaceX plans to start selling its shares to the public with a record-breaking value of nearly $1.8 trillion, surpassing previous big IPOs. New Nasdaq rules could allow SpaceX to join major stock indexes very quickly, which might cause some concerns about its high price and the risks for investors, especially those in pension funds that must follow these indexes.

Key Facts

  • SpaceX’s initial public offering (IPO) is valued at about $1.8 trillion, or $135 per share.
  • This value is higher than Saudi Aramco’s $1.7 trillion IPO in 2019, which was previously the largest.
  • About 20% of SpaceX shares will be made available to individual (retail) investors.
  • The company has received around $70 billion in orders for its stock.
  • Nasdaq changed its rules to let big companies like SpaceX enter important stock indexes within 15 trading days, faster than usual.
  • The S&P 500 index has not changed its rules for new companies joining.
  • Some experts think SpaceX’s stock price might be too high, with estimates valuing the shares at about half the IPO price.
  • Pension funds that invest in index funds must buy stocks included in those indexes, so they could invest in SpaceX without choosing to do so.
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Al Jazeera
Why SpaceX is rocketing toward largest IPO in stock market history

Why SpaceX is rocketing toward largest IPO in stock market history

June 11, 2026 • PBS NewsHour

Summary

SpaceX, the rocket company started by Elon Musk, plans to sell shares to the public for the first time. The company aims to raise about $75 billion, which could value SpaceX at $1.7 trillion and make it the most valuable company on the stock market.

Key Facts

  • SpaceX was founded by Elon Musk.
  • The company will have an initial public offering (IPO), meaning it will sell shares to public investors.
  • SpaceX hopes to raise $75 billion through this IPO.
  • The company's estimated value after the IPO would be $1.7 trillion.
  • If successful, SpaceX would become the most valuable publicly traded company in the world.
  • The information was discussed by Geoff Bennett with Ron Insana.
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PBS NewsHour
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