Innovation

Elon Musk’s fortune slumps to pre-SpaceX IPO levels after rout

Elon Musk’s fortune slumps to pre-SpaceX IPO levels after rout

Musk’s wealth, which peaked at about $1.33 trillion on June 16, now stands at $684 billion.

By Tom Maloney and BloombergAugust 1, 2026

Latest stories from Fortune

Trump backs off from new strikes on Iran, claiming Mideast allies have outlines of an emerging deal to reopen the Strait of Hormuz

Trump backs off from new strikes on Iran, claiming Mideast allies have outlines of an emerging deal to reopen the Strait of Hormuz

By Aamer Madhani and The Associated PressAugust 1, 2026

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

By Jason MaAugust 1, 2026

Amid fears of Iranian cyberattacks, Michigan joins Minnesota in reporting hackers targeted water systems. The FBI is now investigating

Amid fears of Iranian cyberattacks, Michigan joins Minnesota in reporting hackers targeted water systems. The FBI is now investigating

By Michael Casey and The Associated PressAugust 1, 2026

Trump blasts Pirro after she admitted Reflecting Pool damage was caused by botched installation and blamed Interior Dept. for not sharing information

Trump blasts Pirro after she admitted Reflecting Pool damage was caused by botched installation and blamed Interior Dept. for not sharing information

By Aamer Madhani, Matthew Daly and The Associated PressAugust 1, 2026

Fed Chair Kevin Warsh talks a big game, but this market indicator will tell you if Wall Street trusts him after he caused a ‘credibility shock’

Fed Chair Kevin Warsh talks a big game, but this market indicator will tell you if Wall Street trusts him after he caused a ‘credibility shock’

By Jason MaAugust 1, 2026

Spain puts up a 1,600-foot sea barrier between Ceuta and Morocco after EU states warn against ‘uncontrolled mass crossings’

Spain puts up a 1,600-foot sea barrier between Ceuta and Morocco after EU states warn against ‘uncontrolled mass crossings’

By Suman Naishadham and The Associated PressAugust 1, 2026

Trump vows to restore his ‘Anti-Weaponization Fund’ a day after declaring it dead, while Tillis slams it as a ‘payout pot for punks’

Trump vows to restore his ‘Anti-Weaponization Fund’ a day after declaring it dead, while Tillis slams it as a ‘payout pot for punks’

By Eric Tucker and The Associated PressAugust 1, 2026

Welcome to the mega-war: Mideast and European conflicts merge, sucking in more countries along the way—even ones claiming neutrality

Welcome to the mega-war: Mideast and European conflicts merge, sucking in more countries along the way—even ones claiming neutrality

By Jason MaAugust 1, 2026

More Innovation

Ferrari’s Jony Ive–designed model was mocked by the internet, but it’s selling like hotcakes

Ferrari’s Jony Ive–designed model was mocked by the internet, but it’s selling like hotcakes

By Marco Quiroz-GutierrezJuly 31, 2026

Innovation
Ray Dalio warned Elon Musk against betting all his money on Mars exploration: The SpaceX CEO invested $100m anyway, and had to borrow cash for rent
By Eleanor PringleJuly 22, 2026

grassmayr

425-year-old Austrian bell foundry survives on 3D printing and lasers

By Philipp Jenne and The Associated PressJuly 30, 2026

Should AI be formally recognized as a national and global security threat? In London, politicians increasingly think so

Should AI be formally recognized as a national and global security threat? In London, politicians increasingly think so

By Kamal AhmedJuly 30, 2026

byd

McKinsey auto leader: China’s auto industry is faster, cheaper and better. Here’s how the West can close the gap

By Philipp KampshoffJuly 30, 2026

Photo of humanoid robot waving Chinese national flags

China’s robot makers shipped 25x more units than U.S. rivals in 2025, so America banned them

By The Associated Press and Chan Ho-HimJuly 29, 2026

sally

An Upstate New York school district bought a $60K robot teacher that looks uncomfortably like a sex doll

By Philip Marcelo and The Associated PressJuly 29, 2026

Personal Finance
Current price of Ethereum for July 22, 2026
By Joseph HostetlerJuly 22, 2026

Current price of Ethereum for July 29, 2026

Personal Finance

Current price of Ethereum for July 29, 2026

By Joseph HostetlerJuly 29, 2026

Elon Musk

Elon Musk said money doesn’t matter. Then he rolled out X Money and admitted he’s a ‘former trillionaire’

By Catherina GioinoJuly 29, 2026

helen

Helen Toner: the Hugging Face hack was just a matter of time and exposes a huge blind spot in AI policy

By Helen TonerJuly 28, 2026

Instagram cracks down on growing ‘pervert glasses’ problem with Meta Ray-Bans

Instagram cracks down on growing ‘pervert glasses’ problem with Meta Ray-Bans

By Tatiana SatauaJuly 28, 2026

Greg Brockman on the week two OpenAI AI models went rogue

Greg Brockman on the week two OpenAI AI models went rogue

By Allie GarfinkleJuly 28, 2026

Big Tech
Sam Altman and Jony Ive formed a dream team to reinvent hardware. Now it’s at the center of a battle for OpenAI’s future
By Emily Forlini and Sebastian HerreraJuly 22, 2026

Can a global car company survive today’s complicated world? Nissan hopes to find out

Can a global car company survive today’s complicated world? Nissan hopes to find out

By Andrew StaplesJuly 28, 2026

Meet the ‘AI Centurions’—6 formerly sleepy stocks that now have market caps over $100 billion

Meet the ‘AI Centurions’—6 formerly sleepy stocks that now have market caps over $100 billion

By Shawn TullyJuly 28, 2026

small keyboard

OpenAI’s first hardware device debuted at $230. Now, it’s on eBay for $1,850

By Emily ForliniJuly 27, 2026

Dario Amodei looking to the side.

A trove of users’ seemingly private conversations with Anthropic’s Claude AI chatbot showed up in Google search results

By Beatrice NolanJuly 27, 2026

The war between competing AI models could end up more like Apple vs. Android than VHS vs. Betamax

The war between competing AI models could end up more like Apple vs. Android than VHS vs. Betamax

By Jason MaJuly 27, 2026

A Gen Xer sold his company for $1.6 billion. He kept less than $100 million and gave the rest away because he doesn’t ‘believe in billionaires’

A Gen Xer sold his company for $1.6 billion. He kept less than $100 million and gave the rest away because he doesn’t ‘believe in billionaires’

By Orianna Rosa RoyleJuly 26, 2026

Sam Altman speaking to reporters.

AI safety experts say OpenAI’s rogue models may mean the company has already blown past its own internal red lines

By Beatrice NolanJuly 25, 2026

SpaceX’s Starship V3 deploys most advanced Starlink satellites then pulls off best re-entry yet with splashdown so soft it floated in the Indian Ocean

SpaceX’s Starship V3 deploys most advanced Starlink satellites then pulls off best re-entry yet with splashdown so soft it floated in the Indian Ocean

By Marcia Dunn and The Associated PressJuly 25, 2026

Roderick Wong, MD is Managing Partner and Chief Investment Officer of RTW Investments

When 10,000 doctors stood up and cheered for a cancer drug — America’s innovation machine made it possible

By Roderick WongJuly 25, 2026

SpaceX may have missed its window to buy Tesla

SpaceX may have missed its window to buy Tesla

By Shawn TullyJuly 25, 2026

AI executives demand OpenAI release more details about how the Hugging Face hack happened

AI executives demand OpenAI release more details about how the Hugging Face hack happened

By Emily ForliniJuly 24, 2026

Anthropic debuts Claude Opus 5 with feature that lets users toggle between cost and capability

Anthropic debuts Claude Opus 5 with feature that lets users toggle between cost and capability

By Emily ForliniJuly 24, 2026

craig

Big pharma’s patent cliff meets a new biotech Cold War: We need to outrun China, not outlaw it

By Craig GarthwaiteJuly 24, 2026

Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom

Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom

By Jordan BlumJuly 24, 2026

sam altman speaks

OpenAI debuts ChatGPT Voice so you can have ongoing conversations, ask the AI to complete tasks while hands-free

By Emily ForliniJuly 23, 2026

Musk says frontier AI models should face peer review from rival labs before release, with the government only stepping in as a last resort

Musk says frontier AI models should face peer review from rival labs before release, with the government only stepping in as a last resort

By Marco Quiroz-GutierrezJuly 23, 2026

All hail London—whatever the U.K.’s new Prime Minister says

All hail London—whatever the U.K.’s new Prime Minister says

By Kamal AhmedJuly 23, 2026

MoonPay to launch universal AI shopping wallet for non-technical Claude and ChatGPT consumers

MoonPay to launch universal AI shopping wallet for non-technical Claude and ChatGPT consumers

By Jeff John RobertsJuly 23, 2026

Northrop Grumman launches private robot mission to strap jetpacks on aging satellites

Northrop Grumman launches private robot mission to strap jetpacks on aging satellites

By Marcia DunnJuly 22, 2026

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Most Popular

Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers

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By Preston ForeAugust 1, 2026

Personal Finance

Millennials say they’ll refuse to care for aging boomer parents—but they’ll be forced to as their inheritance shrinks to 40 cents on the dollar

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By Nick LichtenbergJuly 31, 2026

The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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By Tatiana SatauaJuly 31, 2026