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When SpaceX starts trading, some ‘shareholders’ will discover they own nothing at all
Macro

When SpaceX starts trading, some ‘shareholders’ will discover they own nothing at all

Everything you need to know before you reach the office this morning.

fortune.com · Jun 12, 2026 · 1 min read
Notion takes a quiet approach to designing AI features: ‘You can’t have every new tool screaming at you’
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Notion takes a quiet approach to designing AI features: ‘You can’t have every new tool screaming at you’

“There are other ways to drive awareness or adoption that aren't about making all the features immediately present," says design head Randy Hunt.

fortune.com · Jun 12, 2026 · 1 min read
How Elon Musk sold a $1.77 trillion dream—and what other CEOs can learn from the SpaceX IPO
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How Elon Musk sold a $1.77 trillion dream—and what other CEOs can learn from the SpaceX IPO

Also: All the news and watercooler chat from Fortune.

fortune.com · Jun 12, 2026 · 1 min read
Controversy swirls over Spanish soccer club accused of using novel $600,000 Kalshi wager to bet on its relegation
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Controversy swirls over Spanish soccer club accused of using novel $600,000 Kalshi wager to bet on its relegation

Club Atlético Osasuna’s insurance firm turned to prediction markets to hedge against getting booted to a lower division.

fortune.com · Jun 12, 2026 · 1 min read
You can blame America’s plummeting fertility rate on the iPhone, study finds: ‘People are all depressed and alone and doomscrolling’
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You can blame America’s plummeting fertility rate on the iPhone, study finds: ‘People are all depressed and alone and doomscrolling’

A recent NBER paper noted the link between iPhone sales and declining births could be a result of more time on devices, and less time connecting.

fortune.com · Jun 12, 2026 · 1 min read
SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders
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SpaceX’s IPO could be largest in history. Here’s how it compares to previous record-holders

The hotly anticipated IPO is set to be the largest in stock market history, and is more than 7.5 times Alibaba's IPO, in second place.

fortune.com · Jun 12, 2026 · 1 min read
The chaos at CBS News shows the limits of ‘blow it up’ leadership
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The chaos at CBS News shows the limits of ‘blow it up’ leadership

Bari Weiss’s CBS News overhaul illustrates the perils of disruption-heavy turnarounds. Experts explain how to strip the drama out of a corporate overhaul.

fortune.com · Jun 12, 2026 · 1 min read
Melania launches Trump Accounts for foster kids — and Democratic governors want no part of it
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Melania launches Trump Accounts for foster kids — and Democratic governors want no part of it

The first lady said the move “gives foster children the same chance at asset ownership and long-term wealth as every other child.”

fortune.com · Jun 12, 2026 · 1 min read
Why is the FDA approving kid-friendly, fruit-flavored e-cigarettes?
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Why is the FDA approving kid-friendly, fruit-flavored e-cigarettes?

The restrictions that drove youth vaping to record lows are the ones the FDA just waived — replacing clinical proof with a Bluetooth age-verification app.

fortune.com · Jun 12, 2026 · 1 min read
Trump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed
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Trump says Europe freeloads on defense. Britain’s own (former) Defense Secretary just agreed

Joihn Healey was working on a plan to reopen the Strait of Hormuz. He quit three days after seeing the spending budget.

fortune.com · Jun 12, 2026 · 1 min read
SpaceX raising $75 billion in record-setting IPO as Nasdaq debut awaits
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SpaceX raising $75 billion in record-setting IPO as Nasdaq debut awaits

SpaceX is selling 555.6 shares at $135 a piece, raising $75 billion in the largest IPO on record.

cnbc.com · Jun 11, 2026 · 1 min read
Why is it so hard to get ROI from AI? Because building from first principles isn’t easy
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Why is it so hard to get ROI from AI? Because building from first principles isn’t easy

At Fortune Brainstorm Tech, executives said that finding value from AI starts with strategy and continues with process reinvention.

fortune.com · Jun 11, 2026 · 1 min read
SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big
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SpaceX lowballed its bankers on fees. Goldman Sachs has another way to win big

The real money comes after the opening bell.

fortune.com · Jun 11, 2026 · 1 min read
Bank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%
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Bank of America told investors to ‘take profits.’ Then the Nasdaq fell 7%

Days before the worst chip rout since 2020, BofA warned that seven warning lights were flashing.

fortune.com · Jun 11, 2026 · 1 min read
Three ways that Asia’s enterprises are adopting AI—and where they are falling behind
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Three ways that Asia’s enterprises are adopting AI—and where they are falling behind

Asia’s AI race won’t be won by early adopters. It will be won by businesses that rebuild processes, data, and governance around AI at scale.

fortune.com · Jun 11, 2026 · 1 min read
SpaceX cuts retail IPO allocation to low 20% range, source says
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SpaceX cuts retail IPO allocation to low 20% range, source says

The Elon Musk-led company plans to direct a percentage in the low 20s of the offering to retail buyers, according to a person familiar with the matter.

cnbc.com · Jun 11, 2026 · 1 min read
SpaceX to close above $2 trillion market cap on its debut, prediction market traders say
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SpaceX to close above $2 trillion market cap on its debut, prediction market traders say

Traders on Polymarket think it's likely SpaceX will join a group of just six companies boasting a market value beyond $2 trillion.

cnbc.com · Jun 11, 2026 · 1 min read
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
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American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices

"No one has ever built a new stadium and made tickets cheaper. No one’s trying to.”

fortune.com · Jun 11, 2026 · 1 min read
Abridge wants to be the operating system for medicine—and NVIDIA and Eli Lilly are helping build it
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Abridge wants to be the operating system for medicine—and NVIDIA and Eli Lilly are helping build it

The $5.3 billion ambient AI startup is expanding from clinical notes into billing, drug trials, and real-time insurance claims.

fortune.com · Jun 11, 2026 · 1 min read
From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards
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From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewards

With SpaceX seeking an IPO valuation of nearly $1.8 trillion, early bets are poised to generate some of the biggest paper gains in venture capital history.

cnbc.com · Jun 11, 2026 · 1 min read
Silicon Valley insiders warn U.S. defense supply chain is unprepared for modern warfare
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Silicon Valley insiders warn U.S. defense supply chain is unprepared for modern warfare

The U.S. defense industry must leverage private venture capital and dual-use technologies, leading technology executives and venture capitalists said at Brainstorm Tech 2026.

fortune.com · Jun 11, 2026 · 1 min read
Exclusive: Consumer device giant LG Electronics to launch blockchain to place and sell ads
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Exclusive: Consumer device giant LG Electronics to launch blockchain to place and sell ads

LG Electronics worked with the crypto protocol Arbitrum to develop its own blockchain.

fortune.com · Jun 11, 2026 · 1 min read
As SpaceX goes public, a $100 billion shadow market faces a reckoning
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As SpaceX goes public, a $100 billion shadow market faces a reckoning

SpaceX’s public debut could kick off months (or even years) of reckoning in the venture secondaries market, the pre-IPO Wild West.

fortune.com · Jun 11, 2026 · 1 min read
The real hurdle to enterprise AI isn’t fixing productivity KPIs. It’s ‘unlearning’ old habits, experts say
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The real hurdle to enterprise AI isn’t fixing productivity KPIs. It’s ‘unlearning’ old habits, experts say

At Fortune Brainstorm Tech, industry experts discussed why practices like measuring hours saved is the wrong KPI for the AI age.

fortune.com · Jun 11, 2026 · 1 min read
After backlash, Anthropic says its AI will now tell users when their request is being rejected or downgraded for national security concerns
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After backlash, Anthropic says its AI will now tell users when their request is being rejected or downgraded for national security concerns

Anthropic’s latest model previously downgraded certain user requests quietly and without warning.

fortune.com · Jun 11, 2026 · 1 min read
Inflation is roaring back globally, 2022 style. The Iran war is only half the problem
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Inflation is roaring back globally, 2022 style. The Iran war is only half the problem

Europe, China and the U.S. are straining to meet the demands of the AI boom

fortune.com · Jun 11, 2026 · 1 min read