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SpaceX is pitching investors on a vertically integrated AI strategy spanning chips, data centers and even compute satellites in orbit, bankrolled by Starlink’s profits.
SpaceX IPO sold 555.6 million shares at a fixed $135, nearly tripling the prior record as heavy demand bets on Musk despite steep losses and no path to profit.
Goldman Sachs is projecting SpaceX’s AI revenues will grow roughly 100 times by 2030 – from $3.2 billion to $322 billion annually – figures the bank is using to anchor a $1.78 trillion IPO valuation for the company it is simultaneously leading to market.
OpenAI has launched a dedicated robotics division focused on building humanoid robots for infrastructure projects and future consumer use. The move expands the company’s ambitions beyond software and places it in direct competition with Tesla’s Optimus program.
A U.S. jury ruled in favor of OpenAI in Elon Musk’s lawsuit accusing the company of abandoning its nonprofit mission. The verdict removes a major obstacle to OpenAI’s potential IPO plans while intensifying the rivalry between Musk and Sam Altman.
xAI has launched Grok Build, a coding agent and command-line tool aimed at professional software development workflows. The early beta release targets competitors such as Anthropic’s Claude Code as xAI pushes deeper into the AI coding market.
OpenAI CEO Sam Altman testified that Elon Musk abandoned the company during a critical funding period rather than being pushed out of a nonprofit mission. The testimony came during the ongoing Musk v. Altman trial over OpenAI’s corporate structure and commercialization.
Former OpenAI chief scientist Ilya Sutskever testified that he spent about a year collecting evidence that Sam Altman displayed a “consistent pattern of lying.” The testimony came during the ongoing OpenAI and Elon Musk trial in California.
Elon Musk said xAI will cease operating as an independent company and become fully integrated into SpaceX under a new SpaceXAI structure. The move combines Musk’s AI models, compute infrastructure, and aerospace operations into a single organization.
OpenAI released its version of events detailing its split with Elon Musk and the origins of their ongoing legal conflict. The company argues Musk sought control and later turned to lawsuits after leaving.
Elon Musk’s X is rolling out a rebuilt AI-powered ad platform to revive advertiser interest. The move aims to improve targeting and campaign performance.
A high-profile trial between Elon Musk and OpenAI leaders has begun, centering on claims the company abandoned its nonprofit mission. The case could reshape governance in leading AI firms.
Elon Musk again criticized OpenAI CEO Sam Altman, citing past allegations and ongoing tensions. The remarks highlight continued friction within the AI industry.
SpaceX has secured rights to acquire AI coding startup Cursor for up to $60 billion, deepening its push into AI alongside xAI ahead of a potential IPO.
Big Tech stocks posted a sharp rally this week, driven by AI infrastructure demand and easing macro concerns. Oracle, AMD, and Microsoft led gains.