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Elon Musk - Page 3

Elon Musk’s SpaceX IPO Spurs Momentum for Orbital AI Data Centers

The concept of building AI data centers in orbit has gained renewed momentum following SpaceX’s record-breaking IPO that raised over $85 billion and valued the company in the trillions. Elon Musk’s success and the massive pushback against AI data centers in rural and suburban communities has spurred competitors including Jeff Bezos to develop their own plans for space-based data centers

Elon Musk wants data centers in space

SpaceX Acquires AI Coding Platform Cursor, Equals Amazon in Market Value

Elon Musk’s SpaceX announced Tuesday it will acquire Anysphere, the software company behind the AI coding tool Cursor, in a $60 billion transaction aimed at expanding its footprint in the enterprise AI sector. Shares jumped more than nine percent in morning trading, giving SpaceX a similar market capitalization to Amazon.

Elon Musk is an AI player

Financial Analysts Debate the Pros and Cons of Elon Musk’s SpaceX IPO

Financial research giant Morningstar has placed a fair value estimate of $63 per share on SpaceX, representing a 53 percent discount to the company’s upcoming initial public offering price of $135 per share. Other analysts believe Elon Musk’s rocket company will increase in value from its IPO price over the next year.

Elon Musk smiling before SpaceX IPO

Watch: SpaceX Test Flight Ends in Massive Fireball

Elon Musk’s SpaceX claimed a successful launch of its newest Starship variant on Friday evening, overcoming significant engine malfunctions to achieve its intended landing destination in the Indian Ocean. The test flight ended with a massive fireball as the spacecraft tipped into the water off Australia’s western coast, an explosive finale the company said was expected to occur.

SpaceX explosion in ocean