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SpaceX is now public

12 June 2026 at 14:54
Elon Musk with big green arrow pointing up and money falling from the sky.

SpaceX is now a publicly traded company.

In one of the most highly anticipated and controversial public offerings of all time, the rocket venture helmed by Elon Musk started trading on Nasdaq on June 12th at the take-it-or-leave-it price of $135-per-share - though most retail investors will likely pay far more.

The IPO is historic for many reasons: SpaceX is hoping to raise $75 billion under the ticker symbol SPCX, which would make it the largest public offering in history. The company is controlled by Musk, who also runs Tesla, another trillion-dollar company. The IPO is expected to make Musk, who is set to control 85 percent of the voti …

Read the full story at The Verge.

BMW’s Neue Klasse M concept brings next-gen EV tech to motorsports

12 June 2026 at 14:00
BMW Neue Klasse M concept

Just in time for Le Mans, BMW is pulling the cover off its new M performance concept built on the Bavarian automaker's Neue Klasse next-generation architecture.

The concept is the debut of a new design language for BMW's M division, signaling a shift toward a more electrified future. The company says it is built on the guiding principle "Born on the racetrack. Made for the streets," bridging BMW's motorsports heritage with its next-generation EV technology.

Marketing bromides aside, the new concept is a two-door sedan with powerful proportions, precise lines, wide wheel arches, and a muscular shoulder section. It's also an introduction to …

Read the full story at The Verge.

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