American entrepreneur and computer scientist, co-founder of Google and Alphabet
SpaceX has filed to sell 555.6 million shares at $135 each, aiming to raise about $75 billion and value the company near $1.75–1.77 trillion. Elon Musk will retain roughly 82% voting control. The company has allocated unusually large tranches to retail buyers, employees and direct-share participants, and disclosed AI compute deals that affect revenue assumptions.
The world’s richest person has seen his fortune swing wildly after SpaceX’s IPO. SpaceX and Tesla shares have fallen amid a broader tech sell-off, eroding Musk’s trillionaire status. Despite volatility, he remains the wealthiest individual as markets reassess growth prospects in AI and tech.
California debates a 5% wealth tax; ultra‑rich residents have moved assets out of state, with Alphabet’s Larry Page and Sergey Brin among notable relocations. Tax plans are spurring residency audits and significant corporate and political pushback.
Google has revamped its search paradigm around artificial intelligence, signaling a move away from the open web that underpins the internet. The company says billions of clicks remain, but critics warn that the ecosystem for publishers and creators is being constricted as AI-driven answers keep users inside a closed environment.
Miami-Dade County has seen 24 sales of properties above $30 million in H1 2026, roughly double the prior year, fueling expectations to surpass 2025’s record. The rise is tied to tax policy debates and growing tech presence, including Alphabet’s Miami expansion.
California voters will decide Prop 40 in November. Billionaire wealth, tax politics, and business interests collide as wealthy residents consider plans that would impose a 5% one-time tax on net worth to fund healthcare, with heavy pushback from residents and business leaders.