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SpaceX shares started trading on the Nasdaq on June 12, 2026. The long-private aerospace manufacturer and space transportation company priced its initial public offering at $135 per share. When markets opened, the stock jumped to $150 and climbed as high as $176.50 during the session before closing near $161. That performance gave Elon Musk’s SpaceX a market value above $2 trillion by the end of the day.

The initial public offering generated $75 billion in new capital, a record for a single IPO. Elon Musk’s personal income, aided by his ownership stake in the company, had a big influence in boosting that high figure. According to sources, he has more than 4.8 billion SpaceX shares and 350 million stock options. At closing prices, the holdings were already valued more than $820 billion. Trackers put his net worth at $1.1 trillion, which includes his massive Tesla shareholding and other assets. This individual not only crossed the trillion-dollar mark for the first time, but also confirmed that he was the first person to accomplish so.

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For the first time, SpaceX was responsible for the majority of his fortune. Previously, his Tesla stock was the source of large returns, following the massive increases recorded during the 2010 IPO. However, the public listing has turned this around. Despite his economic ownership of approximately 40%, Musk wields tremendous power thanks to a dual-class share structure that gives him between 82 and 85 percent of the vote. The company has yet to turn a profit, citing losses of more than $8.7 billion in the most recent reporting period despite investing on Starlink satellite expansion, rocket development, and AI work for other ventures. The additional funds from the public offering will enable it to continue spending on these fronts without having to repay private investors.

Musk founded SpaceX in 2002, after selling his prior internet and payment companies for around $200 million. He invested the money in Tesla’s reusable rocket technology and electric car development. A string of successful launches, landings, and satellite deployments boosted their operating record and valuation. Around 4,400 of their current and former employees stood to benefit immediately, since years of equity grants resulted in massive paper gains once the shares began trading.

The sheer enormity of one person’s fortune has undoubtedly drawn some interest. Some lawmakers have often proposed raising taxes on vast riches, comparing them to entire countries’ annual GDPs. Others have mentioned job prospects, contracts, and technological breakthroughs related with Musk’s companies. The demand for shares was enormous, with orders reaching more than $250 billion, and they ensured that at least 20% of the offering went to ordinary retail investors. The stock’s first-day performance demonstrated investors’ confidence in the current launch business, as well as their aspirations for future projects like orbital infrastructure (data centers, etc.) and longer-range space transportation.

Musk has always claimed that his main goal is to make life multiplanetary. The funds raised will allow them to pursue more rocket capacity, satellite networks, and, eventually, crewed missions to the Moon and Mars. How they carry out these plans will influence whether the valuation remains stable or shifts when new data becomes available. Quarterly reports will show how they use the new capital and how investors evaluate the company as private updates give way to standard disclosures.
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Next time you visit your grandparents, you might want to put your headphones away. Cardiologists have long warned about the risks smartphones, headphones and other consumer devices pose towards cardiovascular implantable devices (CIDs). Concerns revolve around the magnetic fields these devices emit, which can inadvertently trigger a magnet-safe mode on defibrillators and pacemakers that potentially prevents them from detecting tachycardia or other cardiovascular irregularities. 

Modern CIDs are designed to automatically switch into this mode when near strong magnetic fields to ensure patient safety during magnet-intensive medical procedures like MRIs. And while CIDs are designed to return to normal after the magnetic field is removed, even a temporary disruption can have major consequences.

For those whose hearts have yet to become bionic, CIDs typically switch into magnet mode when they encounter a magnetic induction field of 10 Gauss or more. For reference, your aunt’s souvenir fridge magnet from her trip to Palm Beach likely emits a magnetic field of 100 Gauss. A relatively manageable problem when CIDs were first designed, the mass proliferation of small rare-earth magnets across consumer electronics has begun to pose unique risks to medical implants. 

Scientists have begun to quantify the effects smart devices can have on CIDs. One 2022 study found that the magnetic fields of Apple’s AirPods are strong enough to trigger magnetic modes in implanted cardiovascular devices. Published in Circulation: Arrhythmia and Electrophysiology, the study found that the magnetic fields of devices like AirPods, iPhone 12 Pro Max, Apple Pencil and Microsoft Surface Pen disrupt defibrillators, pacemakers and other CIDs. These results mirror those found in similar electronics, including cell phones, smart watches and electronic cigarettes.

It’s important to note that these reports don’t necessarily preclude those with heart conditions from using AirPods. While patients are always advised to prioritize the suggestions of their cardiologist, Apple’s support page recommends that customers keep AirPods and other electronic devices at least 6 inches away from their cardiovascular device. And while this means you probably can’t blast Childish Gambino while listening to your grandmother’s heartbeat, it also isn’t a death knell for seniors who rock AirPods, either.

The FDA, for its part, offers several suggestions for consumers with CIDs when they’re handling electronic devices. First, always keep electronic devices at least six inches from a CID. This unfortunately means those with heart conditions will need to refrain from carrying their smartphones and AirPods in their front shirt pockets. Although “substitute teacher chic” is in vogue, nixing such fashion choices from your wardrobe could ensure you don’t accidentally disrupt your pacemaker’s settings. If concerned, the FDA suggests consulting your home monitoring system to ensure your CID is operating properly. Those experiencing dizziness, loss of consciousness, or any other heart-related symptoms should consult with their physician immediately.

OFFBEAT

Spoiler: It doesn’t end well for Team Register

The team behind the AI Octopus Euro 2024 predictor has updated its simulator for the 2026 FIFA World Cup, this time allowing users to throw natural-language scenarios at the model and see how the tournament might shake out.

“Sensible questions work – a red card, a key injury, a heat wave, a squad switching base camp – but so do the daft ones, e.g. ‘What if the tournament were played with rugby rules?’” said Luzmo CTO and co-founder Haroen Vermylen.

The system is simple: enter a scenario in a prompt box, and the predictor spits out how the results might go. The raw data includes squad quality based on player information, heat and altitude factors, injury data, and so on. A Monte Carlo simulation of the tournament is used to generate win/lose/draw probabilities, and the score line is derived from 5,000 match runs.

The engine behind the Euro 2024 AI Octopus was written in TypeScript. This time around, the team used Rust. “We moved to Rust to also be able to run things more quickly, as now there is a real-time component to this,” Vermylen told The Register.

“Before it could run for five minutes or so. Now we want the predictions to actually come out within two to three seconds of actual simulation time.”

OpenAI models parse the request and generate summaries, and an agent is used to create or transform scenarios, call the calculation engine, answer questions, and so on. A user doesn’t need to be a data scientist to ask questions and understand the answers.

It’s certainly rapid, recalculating the results based on suggested scenarios (even one in which we pondered the effect of politically dubious emissions from a certain world leader). Not that all scenarios will work. Vermylen told us that filtering was in place to ignore profanities and “to avoid scenarios that would just be harmful to certain groups.”

And then there is the age-old issue of an AI parser simply not understanding the prompt. Clarity is key. Using natural language is a great alternative to a UI with settings and sliders, but that ease of use can result in misunderstandings.

As the tournament progresses, the data will be refined. At the time of writing, the baseline reckons that Spain will beat England in the final. Spain currently has an 18 percent chance of lifting the trophy and a 26.8 percent chance of reaching the finals. Those figures can, of course, be altered by feeding in scenarios.

For example, we asked: “What if the Spanish team eats a bad paella?” Spain’s chance of winning the tournament then dropped to 1.5 percent, with France as the projected champion.

We also asked it what would happen if we replaced the England team with Register writers. Suffice to say that scenario did not end well.

We asked Vermylen what was next. “The Olympics would be nice… or the Eurovision. We’d like to give the United Kingdom a win.” ®

The point-and-click adventure game based on the horror anthology series arrives in August.

Four years on from their first appearance at the FIFA World Cup, Qatar will hope to fare rather better in North America than they did in 2022.

The Maroons were the first nation to play at the finals without ever previously qualifying when they hosted the tournament in 2022, but they quickly set another unwanted record as they became the first host country to be eliminated after two games. Now managed by experienced Spanish head coach Julen Lopetegui, Qatar will hope to use the lessons from their home humbling to pick up their first-ever points at the tournament, although their opener against Switzerland is the first of three tricky games in Group B.

Humans Matter: The ever-growing financial investments in AI development have so far caused two major reactions. Some people see AI as a ruinous technology that will drag everything down, while others are still keeping their optimistic view of the traditional evolution cycle of computer technology. Brad Smith definitely belongs to the latter, although he is asking his colleagues to have a closer look at how “normals” are expressing their dissatisfaction with the current state of the (tech) world.

Microsoft president and vice chairman Brad Smith recently shared his – definitely informed – opinion about the growing backlash against AI. Smith thinks that other leaders in the industry should listen when people express their disdain for “pro-AI” speakers attending graduation events. Smith believes that they should take the backlash as a significant wake-up call, because younger generations have always been the most eager early adopters of the latest technology products and trends.

Tech executives are definitely loving the concept that AI will revolutionize everything – although they might overestimate its capabilities because of what Box’s CEO called AI psychosis. At the other end of the spectrum, students who have completed their education are now looking at an increasingly complex job market.

Some executives have so far proposed AI as a transformative technology that is going to profoundly reshape the workforce. Anthropic CEO Dario Amodei famously said that LLMs and chatbots are going to erase half of entry-level white-collar jobs within the next five years, while Microsoft AI chief Mustafa Suleyman stated that “most” white-collar jobs will be taken by AI over the next 12 to 18 months.

Smith said that graduates are definitely recognizing the benefits of AI, but they want to keep it where an automation technology should belong. They want agency over chatbots, and they want to decide the future role of machines for themselves and not the other way around.

Microsoft’s president is even trying to revive the concept of the “American Dream,” stating that the dignity of work has always given life meaning and purpose.

“To those in the tech sector who seemingly want to pursue a future where computers replace jobs and AI becomes more capable than people, the next generation of people has offered a compelling response: ‘not so fast,’” Smith said in his post.

Microsoft’s stance appears to align with the recent shift in tone in pro-AI enthusiasm coming from technology leaders. CEOs of AI corporations are trying to highlight the potential benefits of automation technology, arguing that it will make workers more productive and efficient rather than simply replacing them.

Smith still thinks that AI is a transformative technology, an evolutionary leap that’s going to have significant implications for both individuals and organizations over the next few years. However, he also thinks that Microsoft is going to play a major role in this transformation, just like it did with the personal computer revolution.

“Workers have been Microsoft’s lifeblood from the start. If the world’s people don’t have jobs, then neither do we,” he said.

World Cup 2026 has kicked off — and if you’re looking to keep up with the latest matches wherever you are, or just keep your connection secure, it’s a good idea to use one of the best VPNs while streaming.

It’s well known that most major VPN providers offer apps for desktop, mobile, and tablets, but some go a step further with apps that you can install straight onto your TV.

Lara Croft moves through thick Peruvian jungle undergrowth with familiar purpose. The new four-minute gameplay video, captured during Summer Game Fest hands-on sessions, drops players straight into a reimagined Lost Valley. It offers the clearest view yet of how the upcoming Tomb Raider: Legacy of Atlantis game refreshes the 1996 original while carrying forward lessons from more recent entries in the series.

Water pours over the old stonework just in front of Lara. The immediate challenge is to manage the flow so that water levels rise in the lower area and clear a path for her to follow. She climbs the mossy temple walls with jagged rock formations that mix in with the landscape rather than feeling like a staged game marker, which is a comfort. A wrist-mounted grapple then fires, capturing a massive cog, which she hauls into position, redirecting the current and fixing the system. Her scanner detects critical objects when realistic greenery makes them impossible to locate, even when you know they’re there. The entire method runs smoothly with almost no on-screen assistance, and it rewards you for paying attention and testing to see what works.

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The visuals are simply stunning from the start, owing to Unreal Engine 5, which provides thick canopy cover, dynamic water, wonderfully detailed ruins, and extremely powerful theatrical lighting. The style effectively blends the sense of discovery from previous games with the more realistic visuals that we’ve come to expect today. Nothing seems overly planned or manufactured.

This small sample is only a taste of what the entire game has to offer. It follows Lara as she seeks for components of the Scion, a tremendously powerful device that transports her around the world: she starts in the Peruvian jungles and then travels to ancient Greek ruins, Egyptian deserts, and a mysterious Mediterranean island steeped in myth and legend. Each new site will feature its own unique blend of exploration, traps, and secrets.

The series’ core gameplay focuses on environmental puzzles, fluid movement, and precision combat. The new Focus system features some amazing slow-motion sequences that emphasize timing and movement. The grappling naturally extends to puzzle solving and crossing challenging terrain. Players can adjust the level of puzzle aid and combat complexity independently, allowing you to tailor the experience to your preferences. For those eager to dig in, there are trinkets and a skill tree to explore. Alix Wilton Regan is Lara’s new voice actress. She provides the usual calm assurance to the role, as well as some emotional range and situational knowledge, and she remains in character throughout, whether scaling cliffs, solving a mechanism, or dodging predators. The continuity really makes you feel like you’re walking in her shoes.

Crystal Dynamics and Flying Wild Hog worked together to produce the game. Their stated goal was to keep the sense of wonder and discovery from the original 1996 version while modernizing the mechanisms to ensure optimal operation on modern hardware and how people play now. They kept the essence of what made the early Tomb Raider so special while also providing new tools that allow players to use Lara’s full range of powers. We may expect the game to be released on February 12, 2027, for PlayStation 5, Xbox Series X and S, PC, and Nintendo Switch 2.
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