1. Liftoff
SpaceX founder Elon Musk addresses members of the media during a press conference announcing new developments for the reusable Crew Dragon spacecraft at SpaceX headquarters in Hawthorne, California, October 10, 2019.
Philip Pacheco | AFP | Getty Images
Today is an important day. Elon Musk’s SpaceX plans to list on the Nasdaq. The long-awaited initial public offering is likely to set a new record on Wall Street and should create thousands of new billionaires.
Here’s what you need to know:
2. Calm down
US President Donald Trump gives a speech in the Oval Office of the White House in Washington, DC, USA on June 11, 2026.
Daniel Heuer | Reuters
3. Expiry date
Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton speaks at a Bloomberg Invest event on Thursday, June 8, 2023, in New York, USA.
Gina Moon | Bloomberg | Getty Images
President Trump announced yesterday that he will nominate Jay Clayton as Director of National Intelligence. Mr. Clayton is currently the United States Attorney for the Southern District of New York and is a former Chairman of the Securities and Exchange Commission.
Clayton is expected to take over the baton from Bill Pruitt, who was named acting secretary by President Trump last week following the resignation of Tulsi Gabbard. Pruitt’s lack of intelligence experience has drawn criticism from Democrats as well as some Republicans.
Democrats have vowed to vote against any short-term extension of Section 702 of the Foreign Intelligence Surveillance Act, a key national security tool, following Mr. Prut’s appointment. The program expires today after the House of Representatives rejected the extension proposal yesterday.
4. Bezos on AI
Jeff Bezos, co-CEO of Project Prometheus, speaks with CNBC in San Francisco on June 11, 2026.
CNBC
Jeff Bezos’ AI startup Prometheus announced a $12 billion funding round yesterday. This values the company, which was founded late last year, at $41 billion.
Speaking in detail about the startup for the first time on Thursday, Bezos told CNBC’s David Faber that Prometheus has done “remarkable” work, but that it’s “premature” to reveal its achievements so far. The Amazon founder said the latest round of funding will allow Prometheus, which focuses on AI models for physical tasks, to improve computing.
Bezos also shared his views on how AI should be regulated and whether the technology can improve the standard of living for Americans. See all the great moments from the interview here.
5. Advertising campaign
A young boy looks out from under a voting booth as his mother marks a ballot during the state’s primary elections to choose candidates for the November midterm elections in Cary, North Carolina, U.S., March 3, 2026.
Jonathan Drake | Reuters
Your TV ads may soon become more political, too. A new report predicts that the 2026 midterm elections could have the highest ad spending of any U.S. election.
The 2026 race is expected to generate $11.6 billion in advertising spending, according to a report from AdImpact. That’s nearly $800 million more than AdImpact’s projections made last year, and would exceed the $11.2 billion spent in the 2024 presidential cycle.
More than $5 billion of that is expected to go toward broadcasting, as CNBC’s Raya Neelakandan points out. California, Texas, Michigan and Ohio are among the highest spending states overall.
daily dividend
Here are some articles you may have missed this week.
—CNBC’s Chris Eudaily, Leslie Picker, Yun Li, Sarah Min, Deena Zaidi, Deirdre Bosa, Jasmine Wu, Lora Kolodny, Hayley Cuccinello, Kevin Breuninger, Spencer Kimball, Sean Conlon, Lisa Kailai Han, Dan Mangan, Justin Papp, Annie Palmer and Laya Neelakandan contributed to this report.
CJ Haddad helped produce this newsletter. Josephine Rozzelle edited this version.
