I have been asked to provide at reference for the fact that if $X\to B(BG)$ (where $G$ is the stable auto-homotopy-uquivalences of spheres - or $BG=Pic(S)$ in some peoples terminology) then the Thom spectrum associated to the based loop map
$$ \Omega X \to BG=Pic(S) $$
is a ring-spectrum. I was looking around for a good reference, but couldn't find one that was very clean cut (the paper is about something in symplectic geometry - so I would like the reference to be precise). I also don't know where this originally appeared - so I would prefer the original reference if it is clear or a reference that points back to the original.