You Probably Won’t Get Rich Off the SpaceX IPO

One thing that seems certain about the SpaceX IPO is that it’s going to make lots of people very, very rich. Another is that you probably won’t be one of them. At least not any time soon. There’s extraordinary interest in Elon Musk’s rocket-and-AI company’s public debut, and for good reason. SpaceX was already the … Read more

Why You Might Already Own SpaceX Shares, Siri’s AI Makeover, and Knicks Owner’s Surveillance Machine

Brian Barrett: Noah, you are a celebrated, venerated national security journalist. You are. You have covered national security for a long time and you have covered, for lack of a better word, real spy stuff. You’ve been deep in it. How does that compare to this in terms of source handling in terms of the … Read more

OpenAI Confidentially Files for IPO on the Heels of SpaceX and Anthropic

OpenAI has filed Confidential paperwork for an initial public offering, the company announced on Monday, kicking off what could be a monthslong process toward debuting on a US stock exchange. The move makes it the third company to file for what could be a trillion-dollar IPO this year. Tech companies pursuing the most powerful AI … Read more

Quantum Computing Is Having Its Public Market Moment

quantum lost nearly $200 million last year, saw revenue drop the first quarter of 2026, and says its technology may never work–yet investors are clamoring to buy the stock. The quantum-computer maker boosted the price and number of shares it will issue on the Nasdaq ahead of its public debut on Thursday, indicating higher-than-anticipated demand. … Read more

The AI IPO Race Heats Up, DOGE Whistleblower Sues Elon Musk, and Instagram Gets Hacked

Zoë Schiffer: Deviants and freaks, the new name of our podcast. And this is, I mean, just going back to red teaming, that’s work that a trust and safety team typically does. And those teams— Leah Feiger: We don’t have those anymore. Zoë Schiffer: They’re not as big as they used to be. There’s just … Read more

OpenAI and Anthropic May Be Rivals, but Investors Aren’t Picking Sides

OpenAI and Anthropic have battled for workers, customers, and public attention. The rival AI labs have been on opposite sides of policy proposals, and their CEOs were the only ones not to link hands among a dozen industry leaders at a business summit earlier this year. But they do have one big area of ​​overlap: … Read more

SpaceX Listed Grok’s ‘Spicy’ Mode as a Risk in Its IPO Filing

SpaceX warned investors that AI features such as Grok’s “Spicy” and “Unhinged” modes, which allow the chatbot to generate raunchy image or voice responses with fewer safety filters, could expose the company to regulatory scrutiny and reputational damages, according to a filing submitted Wednesday as part of the company’s planned initial public offering. As of … Read more

Former OpenAI Staffers Warn xAI’s Poor Safety Record Could Complicate SpaceX’s IPO

Two former OpenAI employees and a group of AI safety nonprofits are warning that Elon Musk’s AI lab, xAI, could become a liability for prospective investors in SpaceX, which is preparing to file what’s expected to be the largest initial public offering in Wall Street History. In a letters directed to investors published on Tuesday, … Read more

Anthropic Gets in Bed With SpaceX as the AI Race Turns Weird

Anthropic and Elon Musk’s SpaceX said on Wednesday that the two entities have signed an agreement for Anthropic to use computing resources from xAI’s data center in Memphis, Tennessee. It’s the latest tie up in an industry that is scrambling to find enough computers to run complex AI software. SpaceX and xAI were previously separate … Read more