Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! I am back from vacation. What did I miss? Turns out, quite a lot — including…
Sam Altman, chief executive officer of OpenAI Inc., left, and Tim Cook, chief executive officer of Apple Inc., during a dinner with tech leaders in the State Dining Room of the White House in Washington, DC, US, on Thursday, Sept. 4, 2025. US President Donald Trump said he would be imposing tariffs on semiconductor imports “very…
A judge has approved a $1.5 million penalty levied against Elon Musk that will settle a U.S. Securities and Exchange Commission lawsuit despite having “significant misgivings” about it. U.S. District Judge Sparkle Sooknanan noted that her court would accept the settlement, Bloomberg reported Wednesday, which cited her court opinion. Sooknanan’s approval settles a lawsuit filed by…
New details have emerged about Valor Equity Partners’ Fund VII, which last year filed paperwork with the U.S. Securities and Exchange Commission to begin raising capital. Bloomberg reported Wednesday that the fund is targeting at least $2.5 billion in capital, a portion of which has already been set aside for further investments in SpaceX. This may…
SpaceX shares dropped 3.57% on Thursday, as the stock’s recent rally cooled following a record-breaking IPO last week. Elon Musk’s space and artificial intelligence firm became one of the world’s most valuable companies after listing, and on Tuesday, its market cap surpassed Amazon and — briefly — Microsoft. With Thursday’s loss, SpaceX closed at a…
Wall Street exhaled on Friday after SpaceX nailed its record-breaking debut. The success wiped away a week of anxiety over whether the market had the appetite to digest the biggest initial public offering in history. SpaceX closed up 19% at nearly $161 per share for a market value of more than $2.1 trillion, making it…
SpaceX employees go to work at the SpaceX facility in Hawthorne on the day of their company’s IPO, in Hawthorne, California, June 12, 2026. Mike Blake | Reuters Elon Musk’s SpaceX will need to achieve at least two of its three “moonshots” to justify its huge valuation, a former Tesla board member told CNBC Friday. …
SpaceX CEO Gwynne Shotwell and SpaceX executives ring the Opening Bell at the Nasdaq on June 12th, 2026. Adam Jeffery | CNBC SpaceX shares soared on Friday, propelling the rocket company’s valuation above $2 trillion, as trading commenced on the Nasdaq after a record-setting initial public offering. The Elon Musk-led space company’s stock jumped more…
This photograph shows a set up smart-phone screen displaying the logo of main social media platforms including Instagram, Facebook, LinkedIn, Reddit, Telegram, X, Bluesky, Tiktok and Whatsapp. Martin Lelievre | Afp | Getty Images Government action to ban social media platforms risks strengthening Big Tech’s grip on the industry further, limiting access for smaller players,…
Nurphoto | Nurphoto | Getty Images OpenAI sales leader James Dyett said on Monday that he’s leaving his role, the latest in a string of high-profile departures at the artificial intelligence company. Dyett joined OpenAI in 2023, right as the company underwent a period of explosive growth following the launch of its ChatGPT chatbot. His…
