In brief
Markets
SpaceX Slides 12% as Post-IPO Rally Loses Momentum
SpaceX shares fell about 12% as investors took profits following the stock’s powerful post-IPO surge.
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Daily edition17Jun 2026
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1 news articles · 3 briefs · 0 guides-
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In brief Big Tech & Innovation
Los Angeles Emerges as Global Space Capital as Space Boom Creates Thousands of Millionaires
Los Angeles added 11,000 space industry jobs and thousands of new millionaires as the region strengthens its position as the world's leading aerospace hub.
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In brief Business
FTX’s $200,000 Cursor Sale Would Be Worth Over $3 Billion Today
FTX sold its 5% stake in Cursor for $200,000 during bankruptcy proceedings. Today, that stake would be worth more than $3 billion.
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News BusinessSpaceX-Cursor Deal Creates Four Multibillionaires in Their Mid-20s
SpaceX’s $60 billion acquisition of Cursor developer Anysphere has turned four MIT classmates in their mid-20s into multibillionaires almost overnight.
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