Elon Musk’s SpaceX Prepares for Record-Breaking IPO Next Month

Elon Musk’s SpaceX Prepares for Record-Breaking IPO Next Month

SpaceX, Elon Musk's rocket and space company is preparing to go public next month in what could become the biggest IPO to hit Wall Street. New filings reveal a sky-high projection that values the company at just over $1 trillion and estimates the offering could raise between $50 and $75 billion when shares hit the market in June. If it does, the SpaceX IPO would shatter the current record held by Saudi Aramco or the Saudi Arabian Oil Company, which raised about $26 billion in 2019. Meanwhile, James Murdoch is buying half of Vox Media for more than $300 million, with the deal including their podcast network, Vox.com, and New York Magazine. And tonight will be the final night of “The Late Show With Stephen Colbert.” In 2015, Colbert took over from David Letterman, the first and only host of CBS's “The Late Show,” and for most of Colbert’s time with the show, he was the highest-rated late-night host.

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Record Number of Kindergartners Unvaccinated, Jeanie Buss Contests Lakers Sale, and Meta Trial Begins

Record Number of Kindergartners Unvaccinated, Jeanie Buss Contests Lakers Sale, and Meta Trial Begins

A record number of kindergartners are starting school this year, without required vaccinations, with new federal data showing that exemption rates are hitting an all-time high for the fourth year in a...

18 Elo 4min

Californians Split on Billionaire Tax & Voter ID, European Vacations, and Ty Simpson Debut

Californians Split on Billionaire Tax & Voter ID, European Vacations, and Ty Simpson Debut

New data shows 24 million Americans traveled to Europe in 2025 alone — a record high, led by trips to the UK, France, and Italy. But the boom isn't reaching everyone equally: the wealthiest households...

17 Elo 3min

Lakers Purchased for $12+ Billion, Jalapeños Linked to Salmonella, and Spotify Cracks Down on AI Artists

Lakers Purchased for $12+ Billion, Jalapeños Linked to Salmonella, and Spotify Cracks Down on AI Artists

Former Disney CEO Bob Iger and venture capitalist Josh Kushner are set to buy the Los Angeles Lakers for more than $12 billion — just over a year after Mark Walter took a controlling stake at a then-r...

12 Elo 2min

Nvidia’s $500B AI Buildout With Wall Street Heavyweights, Nithya Raman Could Lose Key City Hall Leadership Role as Mayoral Race Heats Up, and New Video Podcasts Are Coming to Disney+ and Hulu

Nvidia’s $500B AI Buildout With Wall Street Heavyweights, Nithya Raman Could Lose Key City Hall Leadership Role as Mayoral Race Heats Up, and New Video Podcasts Are Coming to Disney+ and Hulu

Nvidia is partnering up with six asset managers, including BlackRock and Goldman Sachs, to bring half a trillion dollars into AI infrastructure — chips, power plants, and data centers. Nvidia CEO Jens...

11 Elo 5min

S&P 500 Hits Record High as Earnings Beat Expectations, Iran Ceasefire Hopes Rise, and California Won't Ban 'Forever Chemicals' After Bill Fails

S&P 500 Hits Record High as Earnings Beat Expectations, Iran Ceasefire Hopes Rise, and California Won't Ban 'Forever Chemicals' After Bill Fails

The S&P 500 closed at a record high on Tuesday. Faith Pinnow from L.A. Times Studios breaks down what's driving the rally — from strong second-quarter earnings reports to growing optimism around a pot...

5 Elo 3min

Trump Threatens to Pull AG Pick, Fed Holds Rates Steady Despite Inflation, Dodgers Owner Reportedly Under Federal Investigation, and Should AI Music Count on the Charts?

Trump Threatens to Pull AG Pick, Fed Holds Rates Steady Despite Inflation, Dodgers Owner Reportedly Under Federal Investigation, and Should AI Music Count on the Charts?

President Trump is threatening to drop Todd Blanche as his pick for Attorney General until he can lock down Senate approval. The warning comes after Republican Senators Thom Tillis and John Cornyn sig...

30 Heinä 4min

Is Truth Social’s New ‘Truth API’ Insider Trading & Why Los Angeles Feels So Hot This Summer

Is Truth Social’s New ‘Truth API’ Insider Trading & Why Los Angeles Feels So Hot This Summer

Truth Social's new Truth API is set to launch August 1, offering paying clients real-time access to posts from President Trump and other top administration officials. The service reportedly costs $100...

28 Heinä 6min

How Trump Media Could Profit From the President’s Truth Social Posts, Netflix Buys Ben Affleck's AI Company for $587 Million, and Homeless Nonprofit Faces Scrutiny Over CEO Contracts

How Trump Media Could Profit From the President’s Truth Social Posts, Netflix Buys Ben Affleck's AI Company for $587 Million, and Homeless Nonprofit Faces Scrutiny Over CEO Contracts

Trump Media & Technology Group is launching a new service that gives paying customers real time access to President Donald Trump's Truth Social posts, potentially milliseconds before others see them. ...

24 Heinä 6min

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