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Starcloud reaches $1.1B valuation to build orbital AI data centers, launching GPU-powered satellites and targeting space-based compute infrastructure.
Morgan Stanley’s E*Trade is in talks to lead retail distribution for SpaceX’s record IPO, potentially sidelining platforms like Robinhood and SoFi.
SpaceX is preparing a record-breaking IPO that could raise $75 billion, combining its space business with AI ambitions through xAI integration.
Space stocks rallied after reports that SpaceX may file for an IPO, highlighting growing investor interest in space and AI infrastructure markets.
Elon Musk announced plans for Terafab, a dual chip factory project by Tesla and SpaceX to produce AI chips for vehicles, robots, and space-based data centers.
Elon Musk has pushed out several leaders and employees at xAI as he restructures the company ahead of a potential initial public offering.
Elon Musk revealed Digital Optimus, a joint Tesla–xAI AI agent project powered by Grok and Tesla hardware. The announcement deepens links between the companies amid ongoing shareholder litigation.
Elon Musk revealed Macrohard, a joint Tesla and xAI project combining Grok and autonomous agents designed to emulate the functions of software companies.
xAI and its subsidiary MZX Tech face a lawsuit over emissions from natural gas turbines at Mississippi data centers, raising health and environmental concerns.
Elon Musk outlined a vision for moon-based AI manufacturing as xAI faces mounting leadership departures following its acquisition by SpaceX and ahead of a potential IPO.
SpaceX has acquired Elon Musk’s AI company xAI, combining rockets, satellites, and artificial intelligence into a vertically integrated effort aimed at scaling AI compute beyond Earth.
Elon Musk’s SpaceX and xAI are in talks about a possible merger, according to a Reuters report. The move could consolidate Musk’s AI, satellite, and launch businesses ahead of a potential SpaceX IPO.
Elon Musk affirms SpaceX plans a 2026 IPO, with commercial Starlink driving revenue and AI infrastructure influencing the timing of the public offering.
Elon Musk has broken new ground, achieving a net worth of $500 billion – the first time any person has ever crossed the half-trillion mark, according to Forbes.