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SpaceX’s $2 trillion IPO. / Rockets, Elon Musk, and Grok.

A trillion dollars is a stupid amount of moneyA trillion dollars is a stupid amount of money

That kind of wealth is inconceivable, but we tried to make sense of it anyway.

Jess Weatherbed
SpaceX is now public

The world’s richest man just took his rocket company public in the world’s biggest IPO.

Andrew J. Hawkins
Elon Musk is encouraging race riots on the eve of SpaceX’s IPO

Amid violence in Belfast, Musk called to prosecute politicians for allowing ‘dangerous third world savages’ into the UK.

Emma Roth and Jess Weatherbed
The SpaceX IPO is great for Elon Musk and terrible for you

The biggest public offering ever is financial nihilism’s final form.

Elizabeth Lopatto

Apple x AI, take 2 / Our first look at the revamped Apple Intelligence and Siri AI.

Apple’s new Siri AI knows when to shut upApple’s new Siri AI knows when to shut up

Siri AI keeps things brief.

Jay Peters
I tried Siri AI, and so far it actually works

It’s basic, but ‘it works’ is a big deal.

Allison Johnson
I’m relieved Siri AI isn’t trying to be a health coach

AI health coach fatigue is creeping in, and it’s doing the concept more harm than good.

Victoria Song
Apple wants Europe to blink

Apple blames DMA for delaying Siri AI in Europe. The EU says nothing is stopping Apple from launching it.

Robert Hart

Let’s ride / The latest ways to drive.

Porsche’s Cayenne Coupe Turbo will even make 911 owners nervousPorsche’s Cayenne Coupe Turbo will even make 911 owners nervous

The new Coupe version of the Cayenne is a little more compact, but a lot more powerful.

Lawrence Ulrich
The Rivian R2 is too much fun to let drive itself

A muscular electric SUV that’s off-road capable, with tech that feels leaps and bounds better than anything from legacy automakers.

Lawrence Ulrich
BMW’s Neue Klasse M concept brings next-gen EV tech to motorsports

The concept, with its eye-popping red color, debuts a new design language for the Bavarian automaker.

Andrew J. Hawkins
GM thinks EVs can help offset AI’s energy suck with vehicle-to-grid tech

The automaker wants to use the energy in hundreds of thousands of EV batteries to help stabilize the electrical grid.

Andrew J. Hawkins

Staff picks / Our favorite stories you don’t want to miss.

Is Apple TV the new HBO?Is Apple TV the new HBO?

Unlike competitors like Netflix, Apple TV emphasizes tentpole titles over large catalogs.

Janko Roettgers
I customized a MacBook Neo with colorful spare parts

And I only broke it a little.

Antonio G. Di Benedetto
MAHA is coming for your clothing

A new campaign to promote American-grown cotton to consumers sounds nice — but is far more complicated than the administration is making it sound.

Mia Sato
The future of AI regulation is courting the strangest, most anxious bedfellows

A night with Dr. Oz, Mr. Wonderful, and one ignored Archbishop

Tina Nguyen
Valve just imported 13 tons of VR headsets in one dayValve just imported 13 tons of VR headsets in one day

Roughly 140 tons of Steam Machines should be in the US now, too.

Sean Hollister
Richard Lawler
Richard Lawler
SpaceX reportedly rented out Colossus 1 AI data center after it ran into latency issues.

While SpaceX plans satellite-based AI servers, Bloomberg reports it ran into trouble trying to develop and run Grok AI in Memphis, citing unnamed sources. They claim that deals renting capacity to Anthropic ($15 billion annually) and Google ($920 million per month) happened following hardware variation and lag issues:

Elon Musk’s company had planned to train its most cutting-edge AI models on a massive amount of computing power by using a cluster of three data center campuses. However, the firm encountered latency issues when connecting Colossus 1 with two other sites located more than 10 miles away, the people said, compounded by aging network infrastructure.

Nothing CEO says phone prices are going to keep going upNothing CEO says phone prices are going to keep going up

With RAM getting more expensive, Carl Pei says holiday discounts probably won’t be the same this year.

Stevie Bonifield
Victoria Song
Victoria Song
My mayor’s Muslim, my bagel’s Jewish, my heart rate’s fried, KNICKS IN FIVE!

Oura says New Yorkers’ hearts were palpitating on Wednesday night during Game 4. Turns out, baseline heart rates increased by 3.7 beats on average at the final buzzer. Heart rates were also elevated for the entirety of the game, and nobody seemed to get a peaceful night of sleep. Guessing we’re in for more of the same on Saturday.

The world’s first trillionaire is a killerThe world’s first trillionaire is a killer

Elon Musk’s empire of wealth is built on suffering.

TC Sottek
Sean Hollister
Sean Hollister
DJI and Insta360 are suing each other over baby steadicams.

DJI sued in China when Insta360 muscled in on drones, and both companies are Spider-Man Pointing in US lawsuits now they’re competing on stickcams. Recall: Insta360 just launched its Osmo Pocket competitor Luna Ultra in the US, but DJI can’t sell its Osmo Pocket 4 here.

Find the complaints here, here, here, and here.

An Osmo Pocket and an Insta360 Luna baby stabilized gimbal camera face off in the spiderman pointing meme image.
DJI is suing over both visual similarities and control methods; Insta360 is suing over stabilization methods and location sharing.
Stevie Bonifield
Stevie Bonifield
Spotify’s first editor videos for New Music Friday are here.

Spotify’s bringing its editor commentary from The Drop Weekly to its New Music Friday playlist, so you can hear from the playlist’s curators about why they picked some of their weekly new release highlights. This week they’re spotlighting Olivia Rodrigo, Ayra Starr, ANOTR, Adéla, and Emei.

Screenshots of Spotify editor clips in its New Music Friday playlist
Image: Spotify
Siri is good now??Siri is good now??

On The Vergecast: Our first days with Siri AI, the next phase of social networks, and the Trump Phone’s a ripoff.

David Pierce
A trillion dollars is a stupid amount of moneyA trillion dollars is a stupid amount of money

That kind of wealth is inconceivable, but we tried to make sense of it anyway.

Jess Weatherbed
Elon Musk is the world’s first trillionaireElon Musk is the world’s first trillionaire

110 years after John D. Rockefeller became the world’s first billionaire.

Stevie Bonifield
Emma Roth
Emma Roth
Meta is donating its AI glasses to the more than 130,000 blind veterans in the US.

Smart glasses, like the Ray-Ban Meta, have become a resource for people with disabilities. Meta says the company and its partners will provide hands-on training for all the veterans who receive a free pair of AI glasses through the Blinded Veterans Association or TechSoup.

Richard Lawler
Richard Lawler
SPCX opens at $150 per share.

As reported by CNBC, the New York Times, and others, trading commenced at a price 11 percent above the $135 IPO price, but lower than the $175 shown in some earlier indications. It’s already spiked as high as $167, before falling back to $155. As long as the share price remains above $138, that is enough to make Elon Musk the world’s first trillionaire.

It also gives SpaceX a market cap of over $2 trillion, making it currently the 6th most valuable public company in the US.

I held the Trump phoneI held the Trump phone

It’s a midrange Android phone, alright.

Allison Johnson
Stevie Bonifield
Stevie Bonifield
“I shouldn’t have half a billion subscribers.”

Jimmy “MrBeast” Donaldson said that today during a special event livestream for his YouTube channel becoming the first one to hit 500 million subscribers.

Who agrees with him?

Emma Roth
Emma Roth
Nothing in Best Buy.

If you’re in the US, you can now find the Nothing Phone 4A Pro, Phone 3, Headphone A, and Ear 3 in person at over 500 Best Buy stores across the country, giving you a chance to toy around with the devices before you buy one.

Stevie Bonifield
Stevie Bonifield
Lewis Hamilton’s group chat is “50/50” on the Ferrari Luce.

While talking to the press ahead of a race in Barcelona this weekend, Hamilton said his friends’ reaction to the Luce was “mixed, like you see on social media.” “Mixed” is definitely one word for the online reaction to Ferrari’s new EV, which attracted a wave of memes and criticism over its design.

Govee’s rechargeable smart table lamp is down to $60Govee’s rechargeable smart table lamp is down to $60

Plus, we found deals on JBL’s portable Charge 6 speaker and a great Android-friendly Bluetooth tracker.

Sheena Vasani
SpaceX’s massive IPO: all the latest newsSpaceX’s massive IPO: all the latest news

SPCX stock started trading on Friday, June 12th.

Stevie Bonifield
Andrew J. Hawkins
Andrew J. Hawkins
Ford’s $30K electric truck could be smaller than a Maverick.

The Autopian spotted the highly anticipated EV in Long Beach this week. Although it was heavily camouflaged, the outlet was able to estimate its measurements to be around 64-inches tall and about 195-inches long, which would make it a little smaller than a Ford Maverick. That’s extremely interesting to me as a person who thinks most trucks today are way too big for their britches. Sure, it’s no kei truck, but for Ford, it’s practically microscopic. Bring on the baby trucks!

Ford’s diminutive electric truck is expected to go on sale in 2027.
Ford’s diminutive electric truck is expected to go on sale in 2027.
Image: The Autopian
Jeff Bezos’ AI startup aims to build an ‘artificial general engineer’Jeff Bezos’ AI startup aims to build an ‘artificial general engineer’

Prometheus will develop AI-powered engineering tools for robotics, drug design, manufacturing, and more.

Emma Roth
SpaceX is now publicSpaceX is now public

The world’s richest man just took his rocket company public in the world’s biggest IPO.

Andrew J. Hawkins
Lauren Feiner
Lauren Feiner
Google is suing to dismantle a phishing kit operation it says has scammed hundreds of thousands of people.

“Outsider Enterprise” allegedly distributes phishing templates that have scammed people out of millions of dollars. Google says over a million fraudulent URLs are linked to the group, and that over just two weeks, it sent 2.5 million messages to Android users with links to fraudulent websites.

Sorry, the Ooni pizza oven is totally worth itSorry, the Ooni pizza oven is totally worth it

I’ve had an Ooni for a few years now, and I’d still choose it over a barbecue.

Jess Weatherbed
Andrew Webster
Andrew Webster
A pint-sized MMO.

Developer Gareth Williams is about to launch a massively multiplayer RPG on just about the tiniest device imaginable. PointlessQuest hits the Playdate starting on June 13th — you can download it now to get a jump on things — and promises most typical MMO features, but on a much smaller scale.

BMW’s Neue Klasse M concept brings next-gen EV tech to motorsportsBMW’s Neue Klasse M concept brings next-gen EV tech to motorsports

The concept, with its eye-popping red color, debuts a new design language for the Bavarian automaker.

Andrew J. Hawkins
Summer Upgrade WeekSummer Upgrade Week

All the gear we’re bringing outdoors, on trips, and to relax inside.

Verge Staff
Dominic Preston
Dominic Preston
The perfect gift for your partner.

A sun exposure-tracking pendant, in case they’re running low on tech-induced anxiety.

Digi Dave:

Hey babe, wake up, a new device that creates crippling anxiety about your health just dropped!

Get the day’s best comment and more in my free newsletter, The Verge Daily.

Jess Weatherbed
Jess Weatherbed
TCL TVs have new Gemini voice controls.

The upgraded Gemini for Google TV experience lets you speak to open settings, adjust sound and picture, and fix issues by describing them, such as by saying “the screen is too dark.” It’s exclusive to select 2025 and 2026 TCL Google TV models for 60 days, and rolling out now in the US.

Siri won’t be your AI girlfriendSiri won’t be your AI girlfriend

‘Siri’s 100 percent not into that.‘

Thomas Ricker
Thomas Ricker
Thomas Ricker
Spotify’s disco era is over.

After updating, the much-maligned sparkle icon — meant to celebrate 20 years of Spotify — will revert back to its former flat self.

Amazon’s Echo Hub gets a customizable new look and Ring’s AI featuresAmazon’s Echo Hub gets a customizable new look and Ring’s AI features

Resize and rearrange sections on the smart display however you like.

Stevie Bonifield
Andrew Webster
Andrew Webster
”Season 2 is about how everything is great on the island and there’s nothing to worry about.”

That’s Katie Dippold, creator and showrunner of the horror / comedy hybrid Widow’s Bay, which Apple just confirmed has been renewed. The news comes just ahead of the season 1 finale, which streams on June 17th.

Emma Roth
Emma Roth
SpaceX sets IPO price at $135 / share.

That price puts SpaceX at a market valuation of around $1.77 trillion ahead of its record-breaking stock market debut on Friday. CNBC reports that SpaceX may allocate 20 percent of shares to retail investors, down from the previous expectation of 30 percent.

Andrew Liszewski
Andrew Liszewski
Elgato’s video conferencing kit now bundles everything you need except a laptop.

If you crunch the numbers the new $499.99 Conferencing Kit Plus is cheaper buy than buying Elgato’s Prompter, Facecam 1080P webcam, and Wave Desk Stand mounting arm individually. The kit also includes a laptop stand, a USB-C hub so there’s just one cable to plug into your computer, and a one year subscription to all of Elgato’s Airtime Video Essentials apps.

If you buy something from a Verge link, Vox Media may earn a commission. See our ethics statement.

1/3Image: Elgato
Logitech’s awesome MX Master 3S mouse drops to under $100Logitech’s awesome MX Master 3S mouse drops to under $100

You can save some cash on this smooth-scrolling, feature-packed wireless mouse.

Brad Bourque
Stevie Bonifield
Stevie Bonifield
Expect to hear about Google’s new Home speaker next week.

A Thursday email to Google Home users says there are over 3.5 million Gemini for Home early access testers, and that people should “keep a very close eye on your inbox next week” for news about “a certain speaker.” That sounds like the Google Home speaker we previewed in October, which was projected to launch in spring 2026.

Photo by Jennifer Pattison Tuohy / The Verge
Emma Roth
Emma Roth
Plex is getting more social.

After launching the abilty to create and share lists of movies and TV shows, Plex is now rolling out a “discussions” feature that will allow you to chat about content in its app. Other social features, like emoji reactions, are set to arrive throughout the year.

Image: Plex
Stevie Bonifield
Stevie Bonifield
Bluesky’s getting group chats.

The feature is rolling out now and supports groups of up to 50 people, but you still can’t send pictures or videos in Bluesky’s DMs. Yesterday, Bluesky also announced a “communities” feature it’s planning to add later this year that will offer smaller public or private spaces with their own feeds, like a subreddit.

A graphic showing group chat messages on Bluesky in front of a cloudy sky
Image: Bluesky
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