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.
A viral video circulating online appears to show a group of teenagers throwing water bottles at homeless people in Sacramento County, and one man says the same group assaulted him outside the Safeway on Arden Way.
A proposed crackdown on unsafe riding could soon mean fewer wheelies, stunts and other risky behavior on Folsom's roads and trails.
A pedestrian was struck by a vehicle on westbound Highway 50 in Sacramento on Tuesday evening, marking the third fatal incident on the highway in the area in one day.
California voters will decide in November whether to change how the state reviews the environmental impacts of certain major projects.
The Sacramento River flows more than 400 miles from Mount Shasta through Sacramento to Suisun City, and a new state water proposal could change how the river water is used.
This marked the third fatal incident on the highway in the area in one day.
A suspect in a fatal shooting was found dead after a standoff on Highway 50 in Sacramento County, officials say.
California voters will decide in November whether to change how the state reviews the environmental impacts of certain major projects.
A viral video circulating online appears to show a group of teenagers throwing water bottles at homeless people in Sacramento County, and one man says the same group assaulted him outside the Safeway on Arden Way.
A proposed crackdown on unsafe riding could soon mean fewer wheelies, stunts and other risky behavior on Folsom's roads and trails.
A viral video circulating online appears to show a group of teenagers throwing water bottles at homeless people in Sacramento County, and one man says the same group assaulted him outside the Safeway on Arden Way.
A Sacramento gas station serves up fresh cinnamon rolls and is a sweet pit stop loyal customers continue to fill up on.
The shooting happened near Cucamonga and Ramona avenues, just after 12:30 a.m. Police said officers who arrived at the scene found three female victims who had been shot.
Detectives investigating the shooting said the two victims were not cooperating, and the investigation is ongoing.
A Sacramento woman was convicted of first degree murder in the 2018 fatal shooting of a man she mistakenly blamed for her father's death, authorities said.
California voters will decide in November whether to change how the state reviews the environmental impacts of certain major projects.
Pest control company Terminix has agreed to pay $3.15 million to settle a lawsuit brought by 29 California counties alleging the company unlawfully disposed of pesticides and violated customer privacy laws.
California's largest state workers' union is preparing for a possible strike as contract negotiations with the Newsom administration remain unresolved.
An Amber Alert was issued across multiple California counties for a teenage girl and her father after their newborn was found dead last month, authorities said.
As Californians prepare to celebrate Labor Day and the contributions of American workers, labor unions are raising alarms about what they see as a growing threat to the future of human work.
San Francisco 49ers star pass rusher Nick Bosa is set to play in the season opener against the Los Angeles Rams in his first game action since a tearing a knee ligament last September.
Jeff McNeil legged out an infield single to drive in the winning run in the bottom of the ninth inning, and the Athletics beat the Toronto Blue Jays 6-5 after blowing a four-run lead.
Bryan Woo struck out nine over eight innings in his longest outing of the season, and Cal Raleigh and J.
Bo Bichette launched a go-ahead three-run homer with two outs in the eighth inning after an intentional walk to Juan Soto, and the Mets rallied for a 4-2 victory over the Giants on Sunday.
Jackson Sharman threw four touchdown passes, three to Matt Coleman, as Sacramento State shut out FCS member Mississippi Valley State 52-0 on Saturday night, giving Alonzo Carter his first win as the Hornets' head coach.
California voters will decide in November whether to change how the state reviews the environmental impacts of certain major projects.
The Transportation Security Administration has launched a new program at 13 airports, allowing eligible TSA PreCheck members without plane tickets to pass through security and enter the gates.
The Trump administration asked the Supreme Court to intervene in a lawsuit over the use of a controversial data system to review state voter rolls.
California's largest state workers' union is preparing for a possible strike as contract negotiations with the Newsom administration remain unresolved.
The filing comes after a U.S. District Court judge extended an order against the Postal Service enforcing President Trump's executive order for the November elections.
Yolo County has reported its first death from West Nile virus this year as health officials say mosquito activity increases across the county and throughout California.
Stanislaus County has reported its first human case of West Nile virus for 2026 as the number of cases in California surges compared to recent years.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Multiple unpermitted street food vendors in Fairfield were cited for violations last week after inspections found them selling food unsafe for public consumption, authorities said.
The Social Security Administration is expanding its list of diseases and other health conditions that may qualify for accelerated approval of disability benefits.
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.
Two firefighters were injured while battling a wildfire in California's Mariposa County that prompted evacuation orders and road closures.
An evacuation order for the Ross Fire in Calaveras County was downgraded as crews stopped the forward progress.
The evacuation order and warning were lifted for the Clover Fire in the Alta Sierra area in Nevada County on Friday afternoon.
Evacuation orders have been lifted for a wildfire that ignited east of Mountain Ranch in Calaveras County on Thursday, officials said.
An evacuation warning for a wildfire burning in the Tahoe National Forest was lifted as containment increased to 55%.
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.
Madisen Keavy reports.
A pedestrian was struck by a vehicle on westbound Highway 50 in Sacramento on Tuesday evening.
Tony Lopez reports.
California voters will decide in November whether to change how the state reviews the environmental impacts of certain major projects.
Here is a look at your next seven days of weather!