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.
Christine and Elmore Wonsley said they don't believe their son would've stayed on the island when his friends left by boat.
A woman says she saw a fellow passenger on her Ryanair flight get his head and shoulders sucked out of a window that broke during their trip between Greece and Germany.
Efforts are underway to rekindle U.S.-Iran diplomacy after the most intense exchange of attacks since the ceasefire took effect.
A Rancho Cordova BBQ restaurant says it is dealing with sticky fingers.
Surveillance video from a neighbor captured the night the family's truck and boat were taken. The family said the suspects picked the lock, hot-wired the vehicle and took off.
Before leaving California, Newsom addressed reporters for the first time since claiming he and his wife are under federal investigation.
Christine and Elmore Wonsley said they don't believe their son would've stayed on the island when his friends left by boat.
A Rancho Cordova BBQ restaurant says it is dealing with sticky fingers.
A woman says she saw a fellow passenger on her Ryanair flight get his head and shoulders sucked out of a window that broke during their trip between Greece and Germany.
Efforts are underway to rekindle U.S.-Iran diplomacy after the most intense exchange of attacks since the ceasefire took effect.
Surveillance video from a neighbor captured the night the family's truck and boat were taken. The family said the suspects picked the lock, hot-wired the vehicle and took off.
A new city historian, Ty Smith, is working to connect Sacramento's past with the people shaping its future.
This Fourth of July marked the first time Sacramento Fire deployed its own drones and certified operators to monitor illegal fireworks across the city. Officials say it allows crews to trace fireworks back to where they were launched.
Authorities are trying to identify a resident of a Sacramento homeless shelter who died earlier this year and have generated an image of the man using artificial intelligence to seek the public's help.
Most schools with limited budgets rely on parent volunteers. These unsung heroes give their time, energy, and effort to help teachers and staff. Among them is one Sacramento woman making a difference at a school that's special to her.
Before leaving the state, Gov. Newsom gave a news conference where he spoke for the first time to reporters since claiming that he and his wife are under a criminal investigation by the federal justice department.
The American Century Championship celebrity golf tournament returns to Lake Tahoe with Stephen Curry, Charles Barkley, Tony Romo, Larry David, Miles Teller and more.
The California Legislature passed a bill in June to remove a critical loophole in the state's mental health diversion program. Gov. Gavin Newsom signed off on that proposal last week.
Assemblymember Alex Lee announced on Wednesday that $20 million in the 2026-27 fiscal budget has been allocated to restart the CalFresh Fruit and Vegetable EBT Pilot Program after the program paused at the end of June due to a lack of funding.
Two men were arrested in Central California after detectives found about 2,000 pounds of stolen peaches loaded onto a trailer, authorities said.
Eduardo Valencia became the 10th Detroit player to homer in his first career plate appearance, Framber Valdez pitched seven innings and the Tigers beat the Athletics 4-1 on Thursday night for a series sweep.
The American Century Championship celebrity golf tournament returns to Lake Tahoe with Stephen Curry, Charles Barkley, Tony Romo, Larry David, Miles Teller and more.
Jake Rogers and Spencer Torkelson homered and the Detroit Tigers won their fourth straight game, beating the Athletics 6-1 on Wednesday night.
The Valkyries are 5-4 on the road. Golden State leads the WNBA averaging 10.7 made 3-pointers per game while shooting 34.3% from deep.
Tarik Skubal struck out nine over five innings and Colt Keith hit a two-run homer to lead the Detroit Tigers to a 6-2 victory over the Athletics on Tuesday night.
Before leaving the state, Gov. Newsom gave a news conference where he spoke for the first time to reporters since claiming that he and his wife are under a criminal investigation by the federal justice department.
All of California's educational agencies are expected to have equal access to this special education funding, which aims to increase per-student spending.
The damages were awarded to Carroll, a writer, by a 2023 jury in a civil sexual abuse and defamation case.
The California Legislature passed a bill in June to remove a critical loophole in the state's mental health diversion program. Gov. Gavin Newsom signed off on that proposal last week.
The public got its first look inside the new council chambers, including one feature that's already drawing attention: a large structural support beam in the middle of the room.
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
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.
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.
Three firefighters were injured while attacking a rapidly spreading vegetation fire sparked by a vehicle fire on Monday afternoon near Groveland, officials said.
Crews are battling a vegetation fire that was threatening structures near Camanche Reservoir in California's San Joaquin Valley, officials said Wednesday evening.
Six months after a California wildfire destroyed dozens of homes in the Tuolumne County community of Chinese Camp, officials say debris removal is now complete and properties are being returned to their owners.
A man has been arrested and charged in connection with the Tiger Fire that burned 118 acres in California's Amador County last summer and forced evacuations near Pioneer.
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 Rancho Cordova BBQ restaurant says it is dealing with sticky fingers.
Ashley Williams reports.
What started as a donation of nearly $40,000 has turned into a legal fight over who controls a longtime Sacramento veterans chapter, its finances and its future.
Darrielle Fair reports.
The American Century Championship celebrity golf tournament is back in Lake Tahoe this week with a field full of big names from sports, comedy, television and film.