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SpaceX went public this week, and with it, Elon Musk crossed a threshold no human being has ever reached — a net worth of one trillion dollars. His roughly four point eight billion shares in SpaceX, combined with his stakes in Tesla and his other ventures, pushed him firmly into thirteen-figure territory. It is, by any measure, an extraordinary moment in the history of private wealth.
That IPO is part of a broader wave now reshaping public markets. SpaceX is heading to open trading alongside Anthropic and OpenAI in what analysts are already calling a defining summer for tech investment. The old FAANG era may be giving way to a new generation of companies — AI labs and aerospace firms — and how ordinary investors price that future is a question worth watching closely.
Meanwhile, the United Kingdom is pressing Apple and Google to activate on-device scanning tools capable of detecting nude images, with a September deadline and a threat to change the law if the companies resist. Privacy advocates argue this creates a surveillance architecture that, once built, is difficult to contain. Governments and platforms are once again at odds over who controls what happens inside your own device.
That's the day in tech. Keep surfing. Tech Beat out.
