SpaceX shows strong growth in its first earnings report since IPO
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
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Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Nvidia, Alphabet and other technology stocks fell as Wall Street shifted from rewarding AI spending to demanding evidence that it will produce outsized returns.
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.
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
Perfecting SpaceX's mammoth rocket will be critical to NASA's plans for returning astronauts to the surface of the moon.
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
The trial comes at a pivotal moment for AI, a technology poised to bring advancement that could also drastically reshape humanity.
The Texas-based company could go public with a valuation of more than $1.75 trillion, making it the largest IPO in history.
In a post on X Saturday, Musk offered to pay the salaries of TSA workers during the DHS shutdown.
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter's stock price in the tumultuous months leading up to his 2022 acquisition of the social media company.
French officials search X's office in Paris and ask Elon Musk to answer questions about the platform amid a probe into its algorithms and AI functions.
Prominent political and business leaders are named in the documents released by the Justice Department in connection with its investigations into Jeffrey Epstein.
The pause will affect the hiring of international faculty and staff throughout the state's university system.
As the European Union announces an investigation, the Grok chatbot tells CBS News, "Yes, tools like me should face meaningful regulation."
The billionaire CEO of Tesla and SpaceX, in his first appearance at Davos, said Tesla could start selling its Optimus robots next year.
Budget airline Ryanair launches "big idiot" fare promotion after CEO Michael O'Leary and Elon Musk trade insults.
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
Defense Secretary Pete Hegseth says the Pentagon will start using Elon Musk's AI chatbot Grok. The word comes days after Grok drew global outcry for generating highly sexualized deepfake images.
Britain's leader says all options on the table if Musk's X platform doesn't stop Grok AI tool being used to generate non-consensual sexualized images.
Grok, the chatbot developed by Elon Musk's company xAI, said it is fixing "lapses in safeguards" after social media users said it was generating sexualized photos of minors.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
UEFA said it is preparing a criminal complaint in Swiss courts against FIFA's Gianni Infantino over possible financial mismanagement related to his failed plan to sell future World Cup profits to private investors.
The American crocodile is protected under both state and federal law.
Tropical Storm Dolly on Thursday became the fourth named storm in the Atlantic Ocean this year.
The U.S. Immigration and Customs Enforcement agent charged in a Minneapolis shooting during Operation Metro Surge has been released from a Texas jail, the Associated Press reports.
Khalid Sheikh Mohammed is accused of developing and directing the plot to crash hijacked airliners into the World Trade Center and the Pentagon on Sept. 11, 2001.
UEFA said it is preparing a criminal complaint in Swiss courts against FIFA's Gianni Infantino over possible financial mismanagement related to his failed plan to sell future World Cup profits to private investors.
The American crocodile is protected under both state and federal law.
A Florida grand jury found the DeSantis administration misappropriated $10 million in taxpayer money for political purposes.
The Miami Dolphins' three preseason games will air on CBS Miami as the team prepares for the 2026 NFL season.
Tropical Storm Dolly on Thursday became the fourth named storm in the Atlantic Ocean this year.
The American crocodile is protected under both state and federal law.
High temperatures are expected to climb into the low 90s on Thursday, but it will feel much hotter when you factor in the humidity.
The brothers have been in a federal detention center in Miami since their arrest on rape and sex trafficking charges from the U.K.
City officials say they'll wait for the written ruling before deciding what happens to the 3 council members.
She graduated from FIU, finished medical school, and entered residency — then lost her ability to work.
President Trump has accused oil companies like Chevron and ExxonMobil of "making too much money." He owns shares of both.
The purpose of CIA Director John Ratcliffe's visit to Moscow this week was to warn Russia not to attack NATO member states, people familiar with the matter said, amid U.S. assessments that Russia could try to test NATO.
The surge in arrests comes as the White House pushes ICE to hit a target of 2,000 per day.
The attack brings the number of people killed in such strikes by the U.S. military in the eastern Pacific Ocean and Caribbean Sea to at least 227.
The Secret Service's chief of communications and two other staffers have been placed on leave pending an investigation into "potential misconduct," U.S. officials told CBS News.
Gilbert is running for the seat that Frederica Wilson is retiring from.
The winner of the Florida Democratic primary now has her eyes set on the Senate seat currently held by Republican Ashley Moody.
In a statement, Moody attempted to distance herself from the affair, suggesting the blame rests with the Governor and his Administration.
The race to see who will be the Democratic nominee to take on Republican Congresswoman Maria Elvira Salazar in District 27 is being closely watched.
Months after leaving TV news, Rodriguez is competing against former prosecutor Robin Peguero for the CD-27 nomination.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
Despite a rash of foodborne illnesses in recent months, one expert said the nation's food supply is "remarkably safe." Here's what to know.
Federal officials issued a public health alert for meat products containing jalapeños that may be linked to a salmonella outbreak that has sickened hundreds of people across at least 27 states.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
President Trump said that he would be "lowering the American flag" throughout the nation for one week in Dolly Parton's honor.
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
After Hayden Panettiere's death, fans resurfaced her claim that Neutrogena had fired her in 2015 over her comments about postpartum depression.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.