Elon Musk was riding high after the SpaceX IPO catapulted him to trillionaire status. But his net worth has dipped considerably in recent weeks, even if he won’t be resorting to digging through the couch cushions for rent money.

But few realized SpaceX's big opening run had ended. The June 16 high was $225.64, and that's been the peak for the stock. So far. SpaceX shares swoon. SpaceX has mostly been slid

The Federal Aviation Administration gave SpaceX the go-ahead for its launch on Monday after closing an investigation into the company’s 12th flight, which following a safe lift-

SpaceX is in talks with the Defense Department about providing the agency with access to data-center capacity for running AI models. They’re discussing an arrangement in which Elon Musk’s company would provide computing capacity at a cost of up to several billion dollars,

Iran launched missiles and drones at Bahrain and Kuwait after America attacked Iran for a seventh night in a row. Iran said it hit American military bases in the two countries, damaging a radar facility and an intelligence centre.

Iran said it retaliated by targeting a slew of U.S. allies across the Middle East after a sixth consecutive night of U.S. attacks.

Washington and Tehran have not publicly signaled any diplomatic progress after nearly a week straight of renewed strikes. Follow live updates.

The US military says it’s degrading Iran’s military but has been accused by Tehran of targeting civilian infrastructure.

China's Jingye Steel has urged Britain to immediately ​stop "trampling on international investment ‌rules" and to promptly, fully and effectively compensate the company for ​all investment losses incurred in ​the decision to nationalise British Steel.

China urged Britain to protect the rights and interests of Chinese investors after the UK government nationalized British Steel, previously controlled by China’s Jingye Group.

China said on Friday it strongly disapproves of the United Kingdom's decision ‌to nationalise British Steel and urged fair treatment for Chinese firms operating in the UK.

China's Foreign Ministry said on Saturday that it would closely ​monitor the United Kingdom's nationalisation ‌of Chinese steelmaker-owned British Steel and will take appropriate measures to safeguard ​legitimate rights and interests if ​warranted.

Netflix stock declined 11% on Thursday morning, after investors raised concerns about Netflix's future growth following its second-quarter earnings report.

Mark Mahaney from Evercore ISI discusses Netflix's stock decline after reporting slower growth for the second consecutive quarter. He notes market concerns that the streaming giant's rapid growth days are behind it.

Netflix forecast third-quarter revenue and earnings on Thursday (July 16) that fell short of Wall Street targets and said it would cut the frequency of viewing-hours reports as the company seeks new avenues of growth.

Netflix reported Q2 revenue and earnings in line with or slightly ahead of estimates, continuing a long streak of solid execution. The stock dropped as much as 12% after Netflix announced it would report engagement data annually instead of twice a year.