The numbers about the forthcoming Starbase in Louisiana are impressive. The future in space is even more impressive. The challenge will be to keep it from getting wrecked. Not by hurricanes, but by politics.
Elon Musk addressed a virtual session of the G20 yesterday, laying out predictions on AI, humanoid robots and regulation. According to Musk, within 10 years, 1 billion humanoid robots will outproduce all of humanity.
The Pentagon has rolled out custom versions of ChatGPT and Grok to millions of Defense Department personnel. The Department of War has now replaced Anthropic’s Claude with access to multiple different AI platforms.
Sam Altman’s OpenAI has announced it is ending developer access to its models on Cursor, the popular coding assistant that Elon Musk’s SpaceX acquired earlier this month. The AI rivals have been locked in a bitter feud for a decade.
A woman identified as “Jane Doe” sued Elon Musk’s xAI this week, alleging the company trained its Grok AI chatbot on child pornography depicting her, in what appears to be the first case accusing xAI of training its AI on child sexual abuse material (CSAM).
Having only a handful of huge defense contractors limits competition and innovation, Under Secretary of War Emil Michael said during the Breitbart News policy event “AI is Here: What to Fear, What to Embrace,” on Wednesday in Washington, DC.
Billionaire Michael Saylor says AI may make life’s necessities cheaper or even free, but it will not eliminate money because people will always compete for scarce, status-conferring goods. Saylor refutes Elon Musk’s claim that money will be meaningless in the near future, stating: “Everybody doesn’t get a Hampton’s house. Everybody doesn’t get their own private jet.”
SpaceX and Tesla are building a 100-million-square-foot semiconductor facility in Grimes County, Texas, that would dwarf the current record holder for the world’s largest building.
SpaceX insiders have gained their first chance to sell stock publicly on Thursday as a lockup agreement expired, freeing up to 911.5 million shares valued at roughly $101 billion. This is likely to put pressure on the stock price of Elon Musk’s rocket company as insiders cash out.
Elon Musk’s SpaceX posted second quarter revenue above Wall Street expectations in its first earnings report as a public company, but shares dropped 10 percent in morning trading as investors reacted to ballooning AI investments.
SpaceX is preparing for two significant events that could trigger substantial volatility in its stock price: the company’s first quarterly earnings report as a public entity Tuesday and the expiration of a lockup period that will release nearly one billion shares into the market on Thursday.
Tesla CEO Elon Musk has publicly rejected a media report suggesting the EV giant is preparing to divest its Chinese operations to facilitate a potential merger with SpaceX. The tech tycoon called the report “fake news.”
Elon Musk’s artificial intelligence company xAI has filed a federal lawsuit against Minnesota, challenging a pioneering state law that prohibits “nudify” apps capable of creating AI-powered fake, sexualized images of individuals.
Nvidia and dozens of leading technology companies announced the formation of a new AI safety initiative on Monday, focusing on open AI models in the aftermath of a recent cyberattack involving OpenAI systems.
Approximately $650 billion to $700 billion of Elon Musk’s net worth has evaporated over a five-week period as both Tesla and SpaceX stock prices experienced significant declines.
World’s richest man Elon Musk now claims he became too consumed by politics during his alliance with President Donald Trump and his brief stint running DOGE.
AI startup Anthropic is scheduling investor meetings ahead of a possible IPO, advancing preparations for what could be one of the year’s most significant technology listings after Elon Musk’s blockbuster SpaceX public offering.
Elon Musk’s SpaceX aborted a planned test flight of its Starship rocket Thursday when several of the Super Heavy booster’s engines failed to ignite during the final countdown sequence at the company’s South Texas launch facility.
Elon Musk’s SpaceX stock price has fallen below its IPO price of $135, marking a significant downturn for Elon Musk’s rocket and AI company just over a month after it began trading publicly.
OpenAI is leaning toward postponing its IPO until next year, according to three people involved in the company’s deliberations, marking a significant shift in strategy for the AI powerhouse.
Elon Musk’s SpaceX may pursue an acquisition of T-Mobile if it cannot secure a wholesale network agreement to fuel its expansion of Starlink into the consumer mobile industry, according to an analyst.
Shares of Elon Musk’s SpaceX climbed five percent on Tuesday morning after briefly falling below its $150 debut price following several losing sessions that erased investors gains over its first week trading.
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
Yann LeCun, regarded as one of the “Godfathers of AI,” has publicly denounced Elon Musk’s AI company xAI, describing it as a “failure” and claiming Musk faces significant challenges in attracting top talent because the SpaceX and Tesla CEO has “not behaved in very good ways towards the previous team.”
Speculation is mounting among investors and analysts about a possible merger between Elon Musk’s two public companies, Tesla and SpaceX, following the rocket company’s blockbuster IPO that valued it at over a trillion dollars more than Musk’s electric vehicle manufacturer.
The DOJ has intervened in a pollution lawsuit against Elon Musk’s xAI company, now a division of SpaceX, claiming the AI firm plays a vital role in military operations and national security.
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’s SpaceX has continued the positive momentum from Friday’s IPO by jumping eight percent in morning trading. Analysts continue to issue mixed ratings on the company, with analyst CFRA initiating coverage with a sell rating.
4,000 current and former SpaceX employees are already mapping out plans to spend their anticipated wealth from the company’s expected initial public offering, with luxury real estate, high-end watches, and private jet travel topping their wish lists. Even the company’s cafeteria workers are expected to cash in on the rocket-based gravy train.
Millionaire left-wing TV host Jimmy Kimmel was slammed for warning against “obscenely wealthy weirdo” Elon Musk getting richer. “The class envy from multi millionaires of billionaires is really something to behold,” one X user quipped.
SpaceX opened trading Friday at $150 per share under the ticker SPCX following the largest IPO in history, with shares quickly climbing above $160 and pushing the company’s market capitalization beyond $2 trillion.
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.
Iranian state media announced Thursday that all of Elon Musk’s business operations in the Middle East including SpaceX will be considered military targets as part of Iran’s ongoing retaliation against the United States.
Elon Musk’s SpaceX has reportedly attracted more than $250 billion in investor interest for its blockbuster IPO on Friday.
The FCC has granted Amazon a regulatory reprieve by waiving a requirement that the company launch half of its satellite broadband constellation by the end of July. The decision creates competition in the satellite broadband market for Elon Musk and SpaceX’s Starlink service.
Elon Musk offered a detailed glimpse into SpaceX’s planned orbital AI data centers as the company prepares for what could be the largest IPO in history this week.
Elon Musk’s SpaceX has secured a massive infrastructure agreement with Google just days before its planned IPO, with the search giant agreeing to pay $920 million per month for AI computing capacity.
S&P Dow Jones Indices announced Thursday it will preserve its existing eligibility criteria for major benchmarks like the S&P 500, effectively closing the door on expedited inclusion for large technology IPOs such as Elon Musk’s SpaceX.
Elon Musk’s SpaceX is reportedly breaking with Wall Street convention by establishing a fixed IPO price of $135 per share before its investor roadshow, aiming to raise a record $75 billion on a valuation of $1.75 trillion. Financial services firm Morningstar believes Musk’s company is only worth about half that amount.
Elon Musk has created uncertainty among potential investors after posting details about SpaceX’s partnership with Anthropic on social media that appear to contradict information in the company’s IPO filing.
