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With some of the largest and most influential tech giants planning to go public this year, 2026 is shaping up to be the year of the mega IPO. Stock listings from OpenAI, Anthropic, and SpaceX could all potentially happen in 2026, and it is the latter that may make its market debut first. Here’s the latest on the potential initial public offering from Elon Musk’s space-tech company: When is SpaceX’s IPO? For some time, investors have expected, or at least speculated, that Elon Musk’s rocket and space technology company, SpaceX, would go public sometime in 2026. And it looks like that may finally be happening. Citing anonymous sources, the Wall Street J…

Elon Musk is merging his rocket maker SpaceX with his artificial intelligence startup xAI in a deal that changes what a future SpaceX IPO represents. After rumors surfaced last week, Musk confirmed the move Monday in a SpaceX blog post, calling the combined company “the most ambitious, vertically integrated innovation engine on (and off) Earth,” spanning AI, rockets, space-based internet, and his social media platform, X. Public records filed in Nevada and obtained by CNBC show the deal was completed February 2, with Space Exploration Technologies Corp. listed as the managing member of X.AI Holdings. Bloomberg reports that the merged company is expected to price s…

SpaceX has settled a lawsuit filed by the maker of the popular party game Cards Against Humanity over accusations that Elon Musk’s rocket company trespassed and damaged a plot of land the card company owns in Texas. Texas court records show a settlement was reached in the case last month, just weeks before a jury trial was scheduled to begin on Nov. 3. The card maker said in a statement Monday that it could not disclose the terms, and SpaceX did not return email and telephone messages left with the company and its Texas lawyer seeking comment. Cards Against Humanity, which is headquartered in Chicago, originally purchased the plot of land in 2017 as part of what i…

Four space tourists who orbited the north and south poles returned to Earth on Friday, splashing down in the Pacific to end their privately funded polar tour. Bitcoin investor Chun Wang chartered a SpaceX flight for himself and three others in a Dragon capsule that was outfitted with a domed window that provided 360-degree views of the polar caps and everything in between. Wang declined to say how much he paid for the 3 1/2-day trip. The quartet, who rocketed from NASA’s Kennedy Space Center on Monday night, returned off the Southern California coast. It was the first human spaceflight to circle the globe above the poles and the first Pacific splashdown for a space crew…

Elon Musk wants to execute the largest initial public offering in history, chasing a staggering $1.75 trillion to $2 trillion valuation for SpaceX. To justify this unprecedented price tag, he is aggressively hyping a cosmic vision: launching 1 million artificial intelligence servers into orbit to create a 100-gigawatt space data center in the next decade. He plans to one day build a factory on the moon to catapult these servers to Earth’s orbit. If that sounds like the background plot of a boring space movie, it’s because it is science fiction. The TL;DR: here is that Musk’s blueprint is fundamentally broken, according to experts in physics, aerospace engineering…

A Texas county on Wednesday approved holding an election sought by SpaceX that would let residents living around billionaire Elon Musk’s company decide whether to formally create a new city called Starbase. The election was set for May 3 and votes can only be cast by residents living near the launch site that is currently part of an unincorporated area of Cameron County, located along the U.S.-Mexico border. In December, more than 70 area residents signed a petition requesting an election to make Starbase its own municipality. Most of the residents are company employees and the community includes more than 100 children, according to copies of the petition obtained by Th…

Nearly two months after an explosion sent flaming debris raining down on the Turks and Caicos, SpaceX launched another mammoth Starship rocket on Thursday, but lost contact minutes into the test flight as the spacecraft came tumbling down and broke apart. This time, wreckage from the latest explosion was seen streaming from the skies over Florida. It was not immediately known whether the spacecraft’s self-destruct system had kicked in to blow it up. The 403-foot (123-meter) rocket blasted off from Texas. SpaceX caught the first-stage booster back at the pad with giant mechanical arms, but engines on the spacecraft on top started shutting down as it streaked eastward for…

Airbnb may finally pay the price of long-simmering tensions about overtourism in Spain. The Spanish government announced on Monday that it has fined the online rentals giant 64 million euros ($75 million) for advertising unlicensed rental listings in the country. This decision is the latest in several months of back-and-forths, as the government previously ordered Airbnb to remove more than 120,000 listings it identified as unlicensed. While Spain’s Consumer Affairs Ministry said the fine was a final decision and couldn’t be appealed, San Francisco-based Airbnb is reportedly planning to challenge it in court. The company didn’t immediately respond to a request fo…

In special education in the U.S., funding is scarce and personnel shortages are pervasive, leaving many school districts struggling to hire qualified and willing practitioners. Amid these long-standing challenges, there is rising interest in using artificial intelligence tools to help close some of the gaps that districts currently face and lower labor costs. Over 7 million children receive federally funded entitlements under the Individuals with Disabilities Education Act, which guarantees students access to instruction tailored to their unique physical and psychological needs, as well as legal processes that allow families to negotiate support. Special education…

AI has become a race, but we’re mistaking velocity for progress. Companies are competing to deploy the latest model. Product teams are racing to ship new features. Nations are racing to claim technological dominance. Speed is the metric of the moment: Who can scale fastest? Who can automate more? Who can move first? In the short term, that logic makes sense. Yet speed is a fragile advantage. Eighty-four percent of enterprises plan to increase investment in AI agents this year. AI is moving from an assistive tool to autonomous systems. That shift changes everything. Model size and deployment velocity will not define the next era of AI. It will be defined by…

A teenager who admitted being “addicted to speed” behind the wheel had totaled two other cars in the year before he slammed into a minivan at 112 mph (180 kph) in a Seattle suburb, killing the driver and three of the five children she was transporting for a homeschool co-op. After sentencing Chase Daniel Jones last month to more than 17 years in prison, the judge tacked on a novel condition should he drive again: His vehicle must be equipped with a device that prevents accelerating far beyond the speed limit. Virginia this year became the first state to give its judges such a tool to deal with the most dangerous drivers on the road. Washington, D.C., already is using it…

As the festive season gets into full swing, young corporate employees are taking to social media to flex their high-budget company holiday parties. “My company just brought in a whole glam squad to do our hair and makeup in the office before our holiday party,” one TikTok creator posted. The video shows an office full of employees getting their hair curled and makeup touched up. “Sometimes I love corporate America,” she wrote in the caption. The comments were full of people desperate to know which company, and industry, she works in. “My company has an $11 per person food budget,” one wrote. “This is pre-covid tech company energy and I love it for you,” ano…

Spirit Airlines abruptly ended operations in the early morning of Saturday, May 2 following a failed government bailout for Spirit Aviation Holdings, Inc. The company shutdown left customers stranded—it flew over 50,000 people the day before—and about 17,000 employees without a job, effective immediately. Now, some of those employees have turned to GoFundMe for support during this tumultuous time. Searching “Spirit Airlines” on the donation site leads to campaign after campaign from former captains, flight attendants, and ground staff. Many of the campaigns highlight that the person is looking for new employment, but until then, needs support to stay on their…

Days after Spirit Airlines shut down in the middle of the night, a lawyer for the defunct budget carrier stood before a bankruptcy judge and apologized to the price-conscious customers who might struggle to find affordable flights in its absence. “We apologize most specifically for those Americans who may now be priced entirely out,” Spirit lawyer Marshall Huebner said in court, thanking all the passengers who relied on the airline during its 34-year run, many of whom, he said, “could not otherwise have afforded air travel.” Spirit’s May 3 demise is not the only curveball confronting people planning trips a week before the summer travel season has its traditional U.S. l…

Spirit Airlines is hanging on by a thread –but it is hanging on. The budget airline announced a plan Tuesday that would put it on track to exit its second bankruptcy in less than two years and stay in operation. The arrangement will keep the company alive while shrinking its expenses and operations down to an even smaller size than what it aimed for during its first bankruptcy, which it filed for in November 2024. With financial support from its creditors, Spirit says it plans to emerge from bankruptcy in late spring or early summer. The company plans to keep its core identity as a value carrier that can still offer fliers “the lowest fares in the sky” while bolst…

Spirit Airlines has rejected a merger offer with Frontier as it prepares to exit bankruptcy. Wednesday, Frontier made its second offer to merge with the bankrupt Spirit Airlines, but Spirit rejected it on the grounds that it was financially insufficient. In 2022, Frontier offered to acquire Spirit for $2.9 billion, but the offer was ultimately rejected when Spirit chose to accept a higher offer from JetBlue (which was later blocked for antitrust concerns). Frontier Airlines put forward its current merger offer in hopes of creating a strong, low-fare airline together. “We have long believed a combination with Spirit would allow us to unlock additional v…

With Black Friday just about three weeks away, retailers and shoppers have one thing on their mind—Christmas, the busiest and most profitable time of the year. And now, with Halloween behind us, Spirit Halloween has pivoted to holiday-themed Spirit Christmas, featuring festive decor, gifts, holiday apparel, and interactive displays—including nutcrackers, inflatable lawn Santas, and ugly Christmas sweaters. The retail chain, owned by Spencer Gifts, launched nearly a dozen Spirit Christmas stores throughout the Northeast in 2024. This year, Spirit Christmas is opening 30 store locations in 12 states in the Northeast and Great Lakes area, including its flagship …

Spirit Airlines looks like it’s getting spirited away. The airline is preparing to shut down, after attempts to establish a $500 million bailout from the The President administration fell through, according to reporting from The Wall Street Journal. Negotiations for the government lifeline had been underway for weeks as Spirit’s cash reserves dwindled, but investors have reportedly balked at the prospect of the federal government becoming a majority owner of the company. Despite reports saying that the company is prepping to cease operations, a company spokesperson declined to comment when asked by Fast Company, and said that “Spirit is operating as usual.” O…

The stunning indictment that led to the arrest of more than 30 people, including Miami Heat guard Terry Rozier and other NBA figures, on charges of illegal sports betting has drawn new scrutiny of the booming business of professional sports gambling across the U.S. Since widespread legalization, the multibillion-dollar industry has made it easy to place wagers on everything from the outcome of games to that of a single play with just a few taps of a cellphone. It’s just about impossible to go to a basketball, football, baseball or other pro game today — or watch a matchup on TV — without seeing ads for sports betting. Fans can place wagers from their stadium seats, whil…