SpaceX stock soars on first day of trading following record-breaking IPO
SpaceX's stock closed the day at $160.95 after making its debut on the Nasdaq exchange.
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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.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
The trial comes at a pivotal moment for AI, a technology poised to bring advancement that could also drastically reshape humanity.
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.
Elon Musk reached a deal to buy Twitter in April 2022. On May 13, 2022, he declared his plan "temporarily on hold" over the number of spam and fake accounts on the platform. Twitter's stock tumbled as a result.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
As the European Union announces an investigation, the Grok chatbot tells CBS News, "Yes, tools like me should face meaningful regulation."
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.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
Time magazine named "the architects of AI" its 2025 Person of the Year on Thursday, calling out tech industry leaders behind the rise in artificial intelligence.
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
Over the weekend, Elon Musk's X unveiled a feature that lets users see where an account is based — and it led to some surprises.
The vote comes after a top shareholder, Norway's sovereign wealth fund, said it would vote against the pay package.
Tesla is asking shareholders to approve a pay package that would award 423 million shares to CEO Elon Musk if he hits certain milestones.
Elon Musk on Monday targeted Apple and OpenAI in an antitrust lawsuit alleging that the iPhone maker and the ChatGPT maker are teaming up to thwart competition in artificial intelligence.
A CBS News review of three of DOGE's largest cuts claimed so far found actual savings of 3% of what was claimed.
It was the fourth private astronaut mission funded by Houston-based Axiom Space and the second commanded by veteran astronaut Peggy Whitson.
President Trump and Rosie O'Donnell have criticized each other publicly for years, an often bitter back-and-forth that predates Mr. Trump's involvement in politics.
Musk's xAI released an updated version of Grok a day after the chatbot made antisemitic posts on X.
The antisemitic posts from Grok came days after Elon Musk wrote on X that the chatbot had been improved "significantly."
Tesla stock price fell Monday after Musk said he's formed the America Party, the latest development in the billionaire's feud with President Trump.
Billionaire Elon Musk is floating a new political party dubbed the "America Party" — but the idea could face major hurdles.
Disruptions have been replacing discourse at Sacramento City Hall, with recent chaos in council chambers forcing public meetings to be shut down.
A person died after an early-morning crash north of Sacramento on Thursday.
Code enforcement officers are driving through the city with AI-enabled cameras mounted on their vehicles, recording images as they travel.
Economic activity weakened between April and June as energy costs surged, new government data shows.
The Valkyries (19-9), who lost 90-82 at home to Washington last time out, have lost back-to-back games and fell a half-game behind second-place Las Vegas.
Code enforcement officers are driving through the city with AI-enabled cameras mounted on their vehicles, recording images as they travel.
Disruptions have been replacing discourse at Sacramento City Hall, with recent chaos in council chambers forcing public meetings to be shut down.
A person died after an early-morning crash north of Sacramento on Thursday.
Economic activity weakened between April and June as energy costs surged, new government data shows.
The Valkyries (19-9), who lost 90-82 at home to Washington last time out, have lost back-to-back games and fell a half-game behind second-place Las Vegas.
An 18-year-old Sacramento resident has been arrested after five men were stabbed early Saturday morning in Old Sacramento, police said.
Sacramento is putting on an urban biking and scooting workshop in the Valley Hi neighborhood. It comes as e-bikes are growing in popularity, but many people still aren't following the rules.
People who live in Sacramento's Curtis Park neighborhood say they first started seeing new street parking restrictions go in several months ago, but they had no idea that it was an unauthorized act.
Sacramento civic leaders are grappling with what comes next after a mistrial was declared in the case of the city's deadliest mass shooting in history, with many saying the lack of a verdict leaves victims' families and the community without closure.
A group of Downtown Sacramento business owners says they grew tired of watching garbage pile up on city streets and decided to roll up their sleeves and take matters into their own hands.
A man clung to the steep side of a Fresno canal while holding onto his dog Tuesday after jumping into the water to rescue the animal.
A dramatic rescue at Seabright State Beach in Santa Cruz is highlighting the dangers of powerful surf and rip currents along the California coast this week.
The Dove Fire in Tuolumne County began burning on Sunday, and a 30-year-old man was arrested Monday on suspicion of starting the fire, the sheriff's office said.
A Butte County judge found Ronnie Dean Stout II guilty Friday of starting the Park Fire in Northern California, exactly two years after the massive wildfire ignited.
As California races to build the infrastructure needed to power artificial intelligence, communities across the state are increasingly weighing whether they want data centers in their own backyards.
The Valkyries (19-9), who lost 90-82 at home to Washington last time out, have lost back-to-back games and fell a half-game behind second-place Las Vegas.
Former pitcher Chan Ho Park has become the first Korean to purchase an stake in a major league club.
Center fielders Carlos Beltrán and Andruw Jones and second baseman Jeff Kent were inducted into the Baseball Hall of Fame on Sunday.
Head coach Kyle Shanahan will have limited participation at the beginning of the San Francisco 49ers' training camp after he was injured in a crash. The team said his injuries are not life-threatening.
The Sixers' wild offseason continued Friday when they added four-time NBA champion LeBron James.
Dr. Anthony Fauci appeared before the Senate to testify on the origins of the COVID-19 pandemic but invoked his Fifth Amendment rights in answering all questions.
Former FBI Director James Comey argued that criminal charges stemming from an Instagram post should be dropped because his speech is protected by the First Amendment.
A federal appeals court has upheld a judge's ruling that halted President Trump's efforts to create a federal voter list and limit who can receive a mail ballot.
The plans include arresting migrants in Ohio and quickly putting them on deportation flights to crisis-stricken Haiti, the internal documents indicate.
A Ukrainian woman living in the U.S. was arrested by U.S. Immigration and Customs Enforcement agents at San Francisco International Airport, in an incident caught on video.
CBS News Sacramento spoke with the head of UC Davis Children's Hospital about the rising cases and why measles specifically is the most infectious disease.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
Here's how weight-loss drugs like Ozempic and Wegovy could reduce worker illness and save companies money.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Fresh off their undefeated season and conference championship win, the women on the team are speaking out for the first time.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
All evacuation orders have been lifted for a fast-moving wildfire that sparked near the Nevada and Yuba county line Wednesday afternoon.
Firefighters stopped the forward progress of a vegetation fire that forced evacuations Sunday afternoon in the Pilot Hill area of El Dorado County.
Nothing but rubble remains of the McCombs home that was destroyed by the Kearny Fire. All their kids' toys, a wedding dress, memories and everything that meant something to them are completely gone.
All evacuation orders were lifted for a grass fire in rural Nevada County, west of Penn Valley, on Tuesday.
The Van Fire was reported Wednesday northeast of White Rock Road in Cathey's Valley, and north of Eastman Lake. The cause of the fire remains under investigation.
Their message is simple: keep showing up, keep moving and keep your heart open, because sometimes, the person who changes your life is living right across the street.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
A proposal for a battery site in Solano County is getting pushback from a nearby community.
Ashley Williams reports.
Christin Caswell reports.
Carmela Karcher reports.
Madisen Keavy reports.