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Featured Stories

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  Before SpaceX IPO, Investors in China Secretly Acquired Stakes

  One previously unreported SpaceX investor has ties to Chinese military contractors. The information was revealed only after ProPublica went to court to obtain it.

  by Justin Elliott and Joshua Kaplan

  June 18, 2026, 5:00 am EDT

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  Elon Musk’s SpaceX Took Money Directly From Chinese Investors, Company Insider Testifies

  The newly unsealed testimony marks the first time direct Chinese investment in the company has been disclosed, raising new questions about foreign ownership interests in one of America’s most important military contractors.

  by Justin Elliott and Joshua Kaplan

  October 2, 2025, 6:00 am EDT

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  A Top Mutual Fund Executive Made Millions for Himself Trading the Same Stocks His Giant Fund Was Trading

  Confidential IRS data reveals that David Hoeft, chief investment officer of mutual fund giant Dodge & Cox, was one of many investment managers who bought and sold the same stocks their company was trading.

  by Robert Faturechi and Ellis Simani with Mariam Elba, graphics by Lucas Waldron

  November 21, 2023, 5:00 am EST

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  The Biotech Edge: How Executives and Well-Connected Investors Make Exquisitely Timed Trades in Health Care Stocks

  Secret IRS records reveal dozens of highly fortuitous biotech and health care trades.

  by Ellis Simani and Robert Faturechi

  June 22, 2023, 5:00 am EDT