Tech stocks tumble for a second day. Here's what's behind the selloff.
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
Watch CBS News
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
The deal comes just days after SpaceX went public in the largest IPO in history, raising $75 billion to help fund its expansion.
SpaceX's stock closed the day at $160.95 after making its debut on the Nasdaq exchange.
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
SpaceX says it plans to raise up to $75 billion when it goes public this month in what could be the largest stock market debut ever, and it would put Elon Musk on course to becoming the first trillionaire.
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Russian Soyuz crews are now spending eight months aboard the space station instead of six to stretch supplies and lower costs.
This comes after two planned engine firings shut down prematurely, NASA said, putting the Cygnus cargo ship's approach to the space station on hold.
Oracle co-founder Larry Ellison took the title of world's richest person from Elon Musk after stock in the software giant shot up on Wednesday.
Mark and Scott Kelly, twin brothers and former NASA astronauts, spoke to "CBS Mornings" about how the agency is set to lose 20% of its workforce, the SpaceX flight and more.
A SpaceX Starship upper stage exploded during ramp-up to an expected engine test firing at the company's Starbase facility on the Texas Gulf Coast. It's an apparent major setback for the program.
Sen. Elizabeth Warren said a "petty social media fight" between President Trump and billionaire Elon Musk should not jeopardize U.S. national security.
When asked if his relationship with Elon Musk was over, President Trump said, "I would assume so, yeah."
"The easiest way to save money in our Budget … is to terminate Elon's Governmental Subsidies and Contracts," Trump said in a post.
The home of Elon Musk's SpaceX rocket company is on its way to becoming an official Texas city with a galactic name: Starbase.
Jared Isaacman, President Trump's nominee to lead NASA, tells lawmakers the space agency can return astronauts to the moon while pursuing flights to Mars.
The international all-civilian Fram2 crew is the first in space history to fly to orbit with no licensed pilot or trained astronaut on board.
Starliner astronauts Butch Wilmore and Suni Williams joined Crew 9 commander Nick Hague and cosmonaut Alexander Gorbunov for their long-awaited return to Earth.
Starliner astronaut Sunita Williams says she and crewmate Butch Wilmore have not been "abandoned" in space, as NASA considers plans to speed their return.
If the weather cooperates, the Starship launch will follow the maiden flight of Jeff Bezos' already weather-delayed New Glenn rocket.
NASA astronauts Butch Wilmore and Suni Williams have been stuck in space for months longer than expected, and will not return to Earth until at least March 2025 at the earliest, NASA indicated.
Despite an initially dismal forecast, SpaceX got a break in the weather to send Europe's Hera asteroid probe on its way.
The spacewalkers tested new SpaceX-designed pressure suits that could eventually be used by civilian astronauts on the moon and Mars.
The eastbound lanes of I-70 were closed at the Eisenhower Johnson Memorial Tunnel due to a crash near Bakerville on Tuesday morning.
A fireworks display in Highlands Ranch that was canceled for fear of wildfire risk could be reignited by Douglas County commissioners.
A man who stayed at a downtown Denver hotel last summer says he woke up to bats flying around his room — and that one of them bit him. He has now filed a lawsuit against the hotel.
The Colorado Supreme Court on Monday delivered a death blow to ballot measures aimed at handing Democrats seven of Colorado's eight Congressional seats.
U.S. Congressman Gabe Evans and Energy Secretary Chris Wright are promoting what they say is a consumer-focused approach to expanding the nation's energy grid.
The eastbound lanes of I-70 were closed at the Eisenhower Johnson Memorial Tunnel due to a crash near Bakerville on Tuesday morning.
A fireworks display in Highlands Ranch that was canceled for fear of wildfire risk could be reignited by Douglas County commissioners.
A man who stayed at a downtown Denver hotel last summer says he woke up to bats flying around his room — and that one of them bit him. He has now filed a lawsuit against the hotel.
The Colorado Supreme Court on Monday delivered a death blow to ballot measures aimed at handing Democrats seven of Colorado's eight Congressional seats.
U.S. Congressman Gabe Evans and Energy Secretary Chris Wright are promoting what they say is a consumer-focused approach to expanding the nation's energy grid.
Wildfires burning in Colorado and Utah are impacting air quality across the state.
I-70 eastbound is closed at the Eisenhower Johnson Memorial Tunnel, milepost 213.5, due to a crash near Bakerville, milepost 221.
Denver and SpotHero are teaming up to offer a special deal through the summer: $5 parking in thousands of parking spaces across downtown Denver.
On July 1, changes will limit how much Americans can borrow and limit their repayment options.
There were numerous fires burning in western and southern Colorado on Monday. Emily Barker, Nick Hutcherson and Sydney Watson all died trying to fight one of them over the weekend.
Former NBA players Malik Beasley and Ed Davis have been indicted on illegal sports gambling charges, authorities announced Monday.
On Friday, Denver Summit FC celebrated another major milestone with the opening of the team's new performance center in Centennial.
The U.S. men's team had already clinched its spot in the Round of 32, the knockout round, with its 2-0 win over Australia on Friday.
The Colorado Avalanche traded Valeri Nichushkin to the Columbus Blue Jackets.
No foul was initially called after Alyssa Thomas' fist made contact with Caitlin Clark's throat during a game between the Phoenix Mercury and Indiana Fever on Wednesday.
A big majority say the nation has succeeded in achieving its founding ideals, at least a fair amount, if not a great deal. But Americans also see a nation facing challenges today, according to CBS News' most recent poll.
The USDA says almost 11% of SNAP payments contain errors, almost double the threshold set by Congress. Here's what is going on.
Former NBA players Malik Beasley and Ed Davis have been indicted on illegal sports gambling charges, authorities announced Monday.
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
The Colorado Supreme Court on Monday delivered a death blow to ballot measures aimed at handing Democrats seven of Colorado's eight Congressional seats.
A big majority say the nation has succeeded in achieving its founding ideals, at least a fair amount, if not a great deal. But Americans also see a nation facing challenges today, according to CBS News' most recent poll.
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
The Supreme Court on Monday ruled that states can count mail ballots that are cast by Election Day but arrive later, rejecting a GOP challenge to a Mississippi law.
The Colorado Department of Public Health and Environment issued an Air Quality Health Advisory for nearly 20 counties, warning that smoke from large fires could bring periods of moderate to heavy smoke.
Larimer County in Northern Colorado confirms first human case of West Nile virus this year
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
American tennis legend Chris Evert announced that her ovarian cancer had returned in a social media post Thursday.
Some Senate Democrats want to cap the amount beneficiaries in traditional Medicare have to pay toward care, but the move is expected to draw GOP opposition for potentially adding billions to Medicare costs.
A man who stayed at a downtown Denver hotel last summer says he woke up to bats flying around his room — and that one of them bit him. He has now filed a lawsuit against the hotel.
U.S. Congressman Gabe Evans and Energy Secretary Chris Wright are promoting what they say is a consumer-focused approach to expanding the nation's energy grid.
The USDA says almost 11% of SNAP payments contain errors, almost double the threshold set by Congress. Here's what is going on.
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
The Supreme Court allowed Lisa Cook to continue in her post as a member of the Federal Reserve Board of Governors while legal proceedings over President Trump's attempt to fire her continue.
A man who stayed at a downtown Denver hotel last summer says he woke up to bats flying around his room — and that one of them bit him. He has now filed a lawsuit against the hotel.
A Keenesburg police officer pleaded no contest to reckless driving and reckless endangerment stemming from a 2025 crash on Interstate 25 that the Colorado State Patrol said he caused -- and then fled from.
A locksmith who investigators believe has been targeting older adults in the Denver metro area is now facing theft charges.
An internal Denver International Airport memo obtained by CBS Colorado appears to corroborate key details of a closed-door meeting that city officials have been publicly disputing.
The Colorado State Patrol has concluded one of its troopers, Amber Garcia, used excessive force when she tasered a driver seven times in 35 seconds in 2024 in Saguache County.