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Elon Musk announced a plan to give every child in the United States a share of SpaceX, according to the report. The pledge follows similar commitments reportedly made by Anthropic and other prominent technology figures, though specifics on timing, funding, or implementation were not detailed.
Elon Musk said on X that he plans to give one of his SpaceX shares to every child in the United States starting next year, calling it 'the first of many' such giveaways. Based on roughly 72 million children under 18 and SpaceX's recent closing price of $146.03, the pledge would be worth about $10.5 billion. Musk gave no details on timing or mechanics, and SpaceX has not yet responded to requests for comment.
Elon Musk announced on X that he will give one SpaceX share to every child in America starting next year, calling it 'the first of many' such giveaways. He gave no details on eligibility ages, distribution method, or exact timing, but the plan would reportedly cover about 72 million minors, worth roughly $10.5 billion at SpaceX's current $146 share price.
CoreWeave's stock has fallen more than 25% over the past week as investors grow wary of the company's debt load and the broader 'neocloud' business model. The decline comes amid a wider pullback in AI-related stocks this week, driven by growing market anxiety over heavy spending in the sector.
Anthropic reportedly briefed prospective investors in San Francisco that its revenue rose 45% to $16.8bn in the three months ending September, up from $11.6bn in the prior quarter and $4.7bn at the start of the year. The AI company, maker of Claude, is said to have posted a profit for a second consecutive quarter as it prepares for a stock market listing expected before year-end.
JP Morgan increased its AAPL price target from $340 to $360 and kept its Overweight rating, days after reports that Apple told suppliers to cut iPhone 18 Pro and Pro Max component production due to soft demand. The firm said the cuts match Apple's typical production patterns and expects the new iPhone Duo to offset lost sales from the delayed standard iPhone 18, projecting 8.5 million Duo units sold in the December quarter alongside a 2% drop in iPhone revenue but 2% overall revenue growth.
Media reports indicate Netflix is planning a significant round of job cuts, potentially its biggest in four years. The move comes as the streaming company faces slowing subscriber growth and a struggling stock performance heading into 2026.
Columbus Day, observed alongside Indigenous Peoples' Day, falls on Monday, October 12, 2026, and is recognized as a federal holiday. Banks, the U.S. Postal Service, and stock markets such as the NYSE and Nasdaq are expected to close, while many retailers including Costco and CVS plan to remain open on normal schedules.
CNBC reports that individual investors are increasingly using margin accounts — borrowing against their holdings to buy more stock — contributing to a record level of Wall Street margin debt. One case profiled is Hy Luu, a 29-year-old Houston engineering consultant who lives with his mother and began margin trading Tesla shares in 2021, at one point amassing more than $100,000 in margin debt and later exercising options that pushed his borrowing above $156,000.
Asos informed customers that hackers gained access to extensive personal data, including names, addresses, contact numbers, emails, customer IDs, and search queries on their platform. The breach was confirmed after cybercriminals contacted BBC News with samples of the stolen information, revealing the scope of the data compromised. The retailer emphasized that no payment or login details were accessed and warned customers to be vigilant against impersonation scams.
Apple executive chair Tim Cook sold 191,753 Apple shares on October 2 for roughly $63.9 million, a day after 374,541 restricted stock units vested based on Apple's three-year shareholder return performance. Apple withheld 199,038 shares worth about $65.7 million to cover taxes, and Cook separately gifted 26,325 shares to an unnamed recipient, leaving him with over 3.2 million shares held through his trust.
Mistral AI has released a public preview of Mistral Large 4, its new flagship open-weight model nicknamed 'le Chonk.' The company says it processes both text and images, improves on cybersecurity and agentic task performance, and reaches state-of-the-art results on benchmarks like SWE-bench and Terminal Bench.