Riding High After I.P.O., SpaceX to Buy A.I. Start-Up for $60 Billion

NYT Technology Tuesday 16 June 2026, 12:44 UTC By Gregory Schmidt 1 min read

Key Points

Starbase, the headquarters of SpaceX, in Boca Chica, Texas.

I.P.O. (ORG) SpaceX (ORG) Buy A.I. Start-Up (ORG) Boca Chica (LOCATION) Texas (LOCATION)

Originally published by NYT Technology Read original →

A Billion Dollars of Leveraged SpaceX Bets Hit ETFs in One Day Leveraged bets on SpaceX generated more than $1 billion of trading volume on their first day, as investors rushed to amplify wagers on the biggest IPO in history, underscoring the extraordinary retail appetite surrounding Elon Musk’s newest public company. Roughly a dozen leveraged and inverse SpaceX exchange-traded funds traded on their debut Monday, according to data compiled by Bloomberg, making it one of the busiest first...

Bloomberg Markets 51m ago

World near climate tipping point? Why Atlantic 'cold blob' is bad news

A new study examines the only region on Earth that has cooled, not warmed, in recent years. Scientists say the 'cold blob' is mainly tied to the Atlantic Meridional Overturning Circulation (AMOC). In the North Atlantic south of Greenland lies the so‑called "cold blob", a mysterious patch of cold that is considered the only place on Earth where it has actually become colder over recent decades.

Euronews 56m ago

New Coral Study Identifies Areas Where Reefs Are Hanging On

New research has identified areas around the world where cooler currents and other favorable conditions are helping to protect coral from the worst effects of global warming.

NYT Science 58m ago

Riding High After I.P.O., SpaceX to Buy A.I. Start-Up for $60 Billion

Related Stories

Live with a partner? You may be sharing more microbes than you think

A Billion Dollars of Leveraged SpaceX Bets Hit ETFs in One Day

World near climate tipping point? Why Atlantic 'cold blob' is bad news

New Coral Study Identifies Areas Where Reefs Are Hanging On