TECH NEWS

Elon Musk's SpaceX Files for Blockbuster IPO on Nasdaq

SpaceX, the private space exploration company founded by Tesla CEO Elon Musk, filed plans to take the company public on Wednesday, in what could be the largest initial public offering ever.

SpaceX plans to offer its shares on the Nasdaq under the symbol SPCX, according to a filing on Wednesday with the US Securities and Exchange Commission.

The Texas-based company didn't disclose how much money it is seeking to raise, but a draft IPO registration filed in April put the amount at up to $75 billion. That would easily surpass the $29.4 billion IPO record set by Saudi Aramco in 2019.

Wednesday's filing also revealed that the company collected $4.69 billion in revenue in the first quarter of 2026 while recording a net loss of $4.28 billion.

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SpaceX representatives didn't immediately respond to a request for comment.

SpaceX is expected to use the proceeds from the IPO to...

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Intuit axes 3,000 – without blaming AI

'Margin expansion' and a 'faster, leaner' company are CEO Sasan Goodarzi's goals Intuit has cut its full time workforce by 17 percent and is considering closing offices in some markets “to become “faster, leaner, and more focused,” company CEO Sasan Goodarzi told investors during

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AMD says its $4K Ryzen AI Halo workstation practically pays for itself

AMD’s answer to Nvidia’s DGX Spark AI workstations, codenamed the Ryzen AI Halo, will be available for pre-order later next month for anyone with $3,999 burning a hole in their pocket. That might sound like a lot for an AI mini PC, but don’t worry. Compared

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Exclusive: The tech keeping Disney Magic Kingdom's most iconic rides running night after night

At Disney World's Magic Kingdom, you're meant to lose yourself in the illusion. What you're not meant to think about is what happens after the park closes: the cranes, mechanics, overnight software updates, and engineering operations required to erase every trace of maintenance before

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Should you buy a Nintendo Switch 2 before the price hikes? I played 5 of its biggest exclusives to find out

It’s official. The Nintendo Switch 2 is set to receive a price hike around the world, largely as a result of the ongoing memory crisis. In the US, the Switch 2 will get a $50 increase, effective 1 September 2026, meaning it will cost $499.99. Consumers in the

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Intuit axes 3,000 – without blaming AI

AMD says its $4K Ryzen AI Halo workstation practically pays for itself

Exclusive: The tech keeping Disney Magic Kingdom's most iconic rides running night after night

Should you buy a Nintendo Switch 2 before the price hikes? I played 5 of its biggest exclusives to find out