SpaceX Files for IPO Targeting More Than $2 Trillion
SpaceX confidentially filed for what would be the largest IPO in history, targeting a valuation above $2 trillion and planning to raise up to $75 billion.
Business
Kratos Defense Gets a Buy Rating as Hypersonics Drive a $14 Billion Pipeline
Jefferies upgraded Kratos Defense to Buy with an $85 price target, citing a $14 billion opportunity in hypersonics, missile propulsion and the Valkyrie drone program.
Penguin Random House Sues OpenAI Over German Children's Book
Penguin Random House files copyright lawsuit in Munich alleging ChatGPT copied the beloved Coconut the Little Dragon series.
Tech Industry Cuts 90,000 Jobs in Q1 as AI Reshapes Workforce
Over 90,000 tech workers were laid off in the first 95 days of 2026, averaging nearly 973 cuts per day across the industry.
Australia Considers Windfall Tax on Gas Exports Amid Iran War Supply Fears
Energy Minister Chris Bowen says a windfall tax on gas exports is on the table if the Iran conflict drives energy costs higher.