TechCrunch Top 3

SpaceX valuation balloons to $2.6T, briefly passes Amazon: SpaceX's valuation has increased by $1 trillion since its shares started trading on Friday. Read More

Snap finally debuts its long-awaited AR glasses, Specs, and, oof, they aren't cheap: For over a decade now, Snap has been working on this device. Now the glasses are finally here. So what stands out on first impression? Read More

Android 17 launches with new multitasking tools as Google expands Gemini features: Google has released Android 17 and Wear OS 7, introducing new multitasking features, parental controls, security tools, and smartwatch upgrades. The launch is also accompanied by a Pixel Drop that brings Google’s latest AI models to its devices. Read More

A message from PwC

The next generation of tech companies is being built now.

From AI-native startups to next gen companies in industrials, healthcare and energy, today’s founders are navigating accelerated change and scaling faster than ever. PwC helps emerging companies prepare for growth through tailored audit, tax, and deals solutions. From fundraising and expansion to the public markets, be ready for what comes next.

Scale with confidence

Afternoon Must-Reads

SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO: The deal is supposed to help SpaceX's struggling AI division. The company told IPO investors it sees a $26 trillion addressable market in AI. Read More

Sixty percent of US consumers say 'AI' in brand messaging is a turnoff, survey finds: WordPress VIP’s latest survey suggests consumers are wary of AI-generated answers even as companies increasingly view AI search as an important referral channel. Read More

Rivian cuts hundreds of workers after R2 deliveries start: The company said the cuts were part of a restructuring meant to help scale to profitability. Rivian recently pushed back its profitability goal to invest in autonomy. Read More

India orders temporary ban on Telegram over exam fraud concerns: The restrictions include a nationwide ban on Telegram until June 22 and a requirement to disable the app's message-editing feature. Read More

Robinhood's note on 10% layoffs shows blaming AI isn't cutting it: Unlike many of his tech industry peers who have cut thousands of jobs citing the need to restructure to make the most of AI, Robinhood's CEO Vlad Tenev conspicuously made no mention of AI in his note about layoffs. Read More

Last but Not Least

DOJ claims xAI’s unpermitted gas turbines are a matter of ‘national, economic, and energy security’: The Justice department says the Pentagon needs xAI to keep using its unpermitted gas turbines. Read More