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.
Brandon Lowe hit a tiebreaking homer in the ninth inning, Bryan Reynolds went deep from both sides of the plate and the Pittsburgh Pirates rallied from an early four-run deficit to beat the Athletics 6-5.
A massive fire that destroyed the Medline Industries warehouse in Tracy is now approximately 85% contained, fire officials said Tuesday, as crews move closer to handing the site over to an environmental cleanup team.
Developers have been given the green light to turn 2,000 acres of farmland and wildlife habitat into thousands of new homes near the Natomas area of Sacramento.
Cal Fire said arson investigators arrested a 28-year-old man from Sacramento for allegedly igniting a vegetation fire in Shasta County last week.
Gov. Newsom's office is escalating its fight with the Trump administration, sending a letter Tuesday to Acting U.S. AG Todd Blanche accusing the Justice Department of conducting a politically motivated investigation into his wife and associates.
Gov. Newsom's office sent a letter to Acting U.S. AG Todd Blanche accusing the Justice Department of conducting a politically motivated investigation into his wife and associates.
Developers have been given the green light to turn 2,000 acres of farmland and wildlife habitat into thousands of new homes near the Natomas area of Sacramento.
A massive fire that destroyed the Medline Industries warehouse in Tracy is now approximately 85% contained, fire officials said Tuesday, as crews move closer to handing the site over to an environmental cleanup team.
Brandon Lowe hit a tiebreaking homer in the ninth inning, Bryan Reynolds went deep from both sides of the plate and the Pittsburgh Pirates rallied from an early four-run deficit to beat the Athletics 6-5.
Family members identified the victim as 73-year-old Carla Zepeda, a mother, grandmother and great-grandmother.
Developers have been given the green light to turn 2,000 acres of farmland and wildlife habitat into thousands of new homes near the Natomas area of Sacramento.
The capital city's newest museum is about to open in Old Sacramento, and we got an exclusive inside look.
Sacramento police said on Tuesday that a person of interest was taken into custody after a 16-year-old was killed in a weekend shooting.
Old Sacramento is one of the city's top tourist attractions, but finding a way to enjoy the water can be a challenge. A new business is now making a big splash in the area.
An arrest has been made in a hit-and-run in Sacramento's Oak Park neighborhood that killed a child and left her father with serious injuries, officials said on Friday.
Gov. Newsom's office is escalating its fight with the Trump administration, sending a letter Tuesday to Acting U.S. AG Todd Blanche accusing the Justice Department of conducting a politically motivated investigation into his wife and associates.
The utility said it is monitoring a wind event forecast to hit the region by Wednesday for expected public safety power shutoffs.
A California couple was injured after discovering their dogs were fighting a bear in the Mammoth Lakes area earlier this week, police said.
Three U.S. citizens, including two California residents, have been arrested by the FBI in connection with an alleged plot to support ISIS.
A series of offshore earthquakes shook near California's North Coast early Wednesday morning.
Brandon Lowe hit a tiebreaking homer in the ninth inning, Bryan Reynolds went deep from both sides of the plate and the Pittsburgh Pirates rallied from an early four-run deficit to beat the Athletics 6-5.
The family of former NFL star Aldon Smith is donating his brain to the Boston University CTE Center to research the long-term effects of repetitive brain injuries following his sudden death at age 36.
Serena and Venus Williams are getting back together as a doubles team, at Wimbledon. The last time the sisters were a doubles duo was at the 2022 U.S. Open, where they lost their opening match.
Nick Kurtz hit two homers and drove in five runs, Jeff McNeil also went deep and knocked in four, and the Athletics beat the scuffling Pittsburgh Pirates 11-2.
Sacramento State is adding women's flag football as an official team, the school announced Monday.
Gov. Newsom's office is escalating its fight with the Trump administration, sending a letter Tuesday to Acting U.S. AG Todd Blanche accusing the Justice Department of conducting a politically motivated investigation into his wife and associates.
The FBI said it disrupted an attempt to attack Sunday's UFC America 250 event at the White House, with court records detailing an alleged plot to use small drones carrying explosives.
California Gov. Gavin Newsom, a Democrat, said the Justice Department is investigating he and his wife, Jennifer.
President Trump's investment accounts traded between $212 million and $695 million in stocks and other securities in the first three months of the year — an unprecedented sum for a sitting president.
The U.S. and Iran are expected to meet for a signing ceremony on Friday, June 19, in Switzerland, Pakistan's prime minister said.
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.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
A West Park High School sophomore is celebrating the end of the school year and a second chance at life after suffering a sudden cardiac arrest during band class last month.
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.
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.
A major home developer is rethinking how communities are built in wildfire-prone areas and the future is taking shape in El Dorado County.
San Joaquin County secured a grant aimed at helping to build a wildfire protection plan for the entire county.
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.
Developers have been given the green light to turn 2,000 acres of farmland and wildlife habitat into thousands of new homes near the Natomas area of Sacramento.
Madisen Keavy reports.
Chickens are a common sight in the Yuba-Sutter region — wandering neighborhoods, perching in trees, and sometimes causing a little trouble. But some have a much bigger job.
Nina Burns reports.
Steve Large reports.