Tech News — Week of 2026-06-06 to 2026-06-12#
Story of the Week#
SpaceX’s historic initial public offering completely dominated the week, raising $75 billion, commanding a staggering $1.77 trillion valuation, and officially minting CEO Elon Musk as the world’s first trillionaire. This blockbuster market debut—driven heavily by SpaceX’s massive AI data center ambitions and a staggering $30 billion compute leasing deal with Google—cements the extreme financial lengths tech giants will go to in order to secure infrastructure for the generative AI arms race. The overwhelming capital infusion not only sets the stage for upcoming mega-offerings from frontier AI labs, but it proves that the infrastructure required for the future of tech is fundamentally reshaping global wealth.