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Breaking news and updates from the world of technology.

SpaceX raises $75 billion in history's largest IPO at a $1.77 trillion valuation
Space & Exploration

SpaceX raises $75 billion in history's largest IPO at a $1.77 trillion valuation

SpaceX went public on June 12, 2026, on Nasdaq under the ticker SPCX, selling 555.6 million shares at $135 each to raise $75 billion — the largest IPO in history, surpassing Saudi Aramco's 2019 record and valuing Elon Musk's rocket and satellite company at $1.77 trillion.

CNBC
spacexstarlink
Meta dismantles $2 billion Manus acquisition after Beijing orders reversal
Artificial Intelligence

Meta dismantles $2 billion Manus acquisition after Beijing orders reversal

Meta is unwinding its $2 billion acquisition of Chinese-founded AI startup Manus following a divestiture order from Beijing citing national security concerns. The forced breakup highlights the mounting risks for Western companies pursuing Chinese AI assets.

TechCrunch
Metaacquisition
Google Sued a Chinese Cybercrime Ring for Using Gemini to Write Its Phishing Pages
Security

Google Sued a Chinese Cybercrime Ring for Using Gemini to Write Its Phishing Pages

Google filed suit in New York on June 12 against Outsider Enterprise, a China-based phishing-as-a-service operation that used Gemini to generate convincing fraud pages impersonating Google, USPS, E-ZPass, and banks. The FBI estimates the group stole 3.87 million credit card numbers and caused $1.9 billion in losses since July 2023. It is the first lawsuit Google has brought against threat actors for weaponizing its own AI.

The Next Web
Googlegemini
EngineAI Files for Hong Kong IPO as Its T800 Factory Ships One Humanoid Robot Every 15 Minutes
Robotics & Automation

EngineAI Files for Hong Kong IPO as Its T800 Factory Ships One Humanoid Robot Every 15 Minutes

EngineAI Robotics, the Shenzhen-based humanoid robot maker that opened a 12,000-square-metre factory in May and immediately began mass deliveries of its T800, has filed confidentially for a Hong Kong IPO. The three-year-old startup is valued at $1.5 billion after a $200 million Series B in April — and it is joining a stampede of Chinese robot makers racing to list while investor appetite for humanoid robots is at its highest point in history.

Bloomberg
humanoid-robotsrobotics
Ukraine Confirms Autonomous AI Drones Killed Russian Soldiers in 2024 Without a Human in the Loop
Artificial Intelligence

Ukraine Confirms Autonomous AI Drones Killed Russian Soldiers in 2024 Without a Human in the Loop

A Ukrainian drone developer has confirmed to New Scientist that ten AI-controlled quadcopters operating in fully autonomous 'terminator mode' killed Russian soldiers near Bakhmut in 2024 — with no human connection, no video feed, and no way to abort. Researchers say it is the most compelling evidence yet that an AI has independently made lethal decisions in combat.

New Scientist
dronesautonomous-weapons