SpaceX’s initial public offering is set to be the largest in history, partly fueled by its promise to grab a chunk of what it calls a multi-trillion-dollar market for artificial intelligence services through its AI startup, xAI. …
Elon Musk’s SpaceX has postponed a launch of its massive Starship rocket and said it plans to make another attempt at the highly anticipated test flight on Friday. …
SpaceX aims to reach 10,000 launches annually within five years, but government officials will need to see improved reliability before approving such an expansion, the head of the Federal Aviation Administration said on Wednesday. …
… He is poised to soon be the world’s first trillionaire given his stake in SpaceX, another of his companies that is expected to be publicly listed in the near future. …
… Among those set to join the president on his official trip to Beijing are Tim Cook of Apple, Elon Musk of Tesla and SpaceX, Larry Fink of BlackRock, as well as other executives from Meta, Visa, JP Morgan, Boeing, Cargill and more. …
… The white, flat terminals, paired with routers, provide internet access by connecting to a network of satellites owned by Elon Musk’s SpaceX company, allowing users to completely bypass Iran’s heavily controlled domestic internet. …
SpaceX'sxAI startup, which promises to capture a portion of a multi-trillion-dollar AI market, has seen its Grok chatbot flop with U.S. government customers. Federal inventory records show only three instances of xAI or Grok use among over 400 publicly identified government AI deployments, compared to 234 involving OpenAI's models, 33 involving Alphabet products, and 26 involving Anthropic's Claude.
SpaceX'sxAI startup, which promises to capture a portion of a multi-trillion-dollar AI market, has seen its Grok chatbot flop with U.S. government customers. Federal inventory records show only three instances of xAI or Grok use among over 400 publicly identified government AI deployments, compared to 234 involving OpenAI's models, 33 involving Alphabet products, and 26 involving Anthropic's Claude.
SpaceX postponed its Starship rocket launch due to a malfunctioning hydraulic pin on the launch tower and plans another attempt on Friday. The delay comes as SpaceX prepares for a record-breaking stock market debut on Nasdaq, the largest IPO in Wall Street history, which could make Elon Musk the first-ever trillionaire.
SpaceX aims to reach 10,000 launches annually within five years, according to FAA Administrator Bryan Bedford, who met with SpaceX President Gwynne Shotwell. The FAA said it would need to see improved reliability before approving such an expansion, as SpaceX conducted 170 launches in 2025 deploying about 2,500 satellites.
Elon Musk's SpaceX has announced plans to go public on the US stock market under the ticker SPCX, in what could be the largest IPO in Wall Street history. The filing reveals SpaceX had $18.6bn in revenue last year but a net loss of $4.9bn, and with Musk's majority stake, the IPO could push his net worth above $1 trillion.
Elon Musk has lost or settled multiple lawsuits recently, including a Monday loss against OpenAI and Sam Altman, settlements with former Twitter/X executives and employees, a case brought by Twitter investors, and a lawsuit against advertisers. A law professor suggests his deep financial resources may allow him to continue aggressive litigation despite the losses.
A California federal jury unanimously found OpenAI not liable in Musk's lawsuit alleging the company strayed from its mission to benefit humanity, ruling that Musk brought his case too late.
The Congressional Budget Office estimates Trump's "Golden Dome" missile defence system will cost about $1.2 trillion over two decades—far higher than the initial $175 billion estimate—though the system may be vulnerable to full-scale attacks by Russia or China.
US President Donald Trump is expected to bring 17 top business and technology executives on his trip to China this week, including Tim Cook of Apple, Elon Musk of Tesla and SpaceX, and Larry Fink of BlackRock. The trip will include Trump's meeting with President Xi Jinping amid growing economic and technological tensions between the two countries.
Google, Microsoft and xAI have agreed to voluntarily submit their AI models for testing by the US Department of Commerce's Centre for AI Standards and Innovation before public release, expanding prior agreements with OpenAI and Anthropic.
A clandestine network is smuggling satellite internet technology into Iran, where the government has maintained one of the longest-running national internet shutdowns on record for more than two months, following US and Israeli airstrikes on 28 February. The Iranian regime blocks the technology and imposed the blackout for what it says are security reasons, leaving citizens reliant on state-controlled media.