Elon Musk confirmed on Saturday that a secret SpaceX foundry in Bastrop, Texas, is being used to cast gas turbine blades and vanes — a component he called the limiting factor for natural gas turbine production. In a post on X, Musk said in-house casting could accelerate gas turbines coming online by up to 18 […]
Starcloud, a startup building satellites designed to run AI inference in orbit, has secured a $250 million extension to its Series A round, bringing the company’s valuation to $2.3 billion. The additional capital, announced Wednesday, will fund a larger manufacturing facility and accelerate development of Starcloud-3, the company’s largest orbital data center spacecraft, which is […]
Bloomberg reported Wednesday that Elon Musk’s SpaceX attempted to acquire AI coding startup Cognition, citing sources familiar with the matter, but Cognition CEO Scott Wu swiftly denied the story. In a post on X, Wu wrote that the report was inaccurate, that Cognition “is not for sale,” and that the two companies have not been […]
AI coding startup Cursor is rolling out its first country-specific subscription plan in India, priced at ₹649 a month (roughly $7), weeks before its expected $60 billion all-stock acquisition by SpaceX is set to close. The move marks the company’s most aggressive push into one of the world’s largest software developer markets. Cursor has launched […]
Elon Musk has reversed his public stance on Anthropic, now calling the AI lab the undisputed leader in the field after SpaceX signed a $40 billion deal to host its models. In a post on X on Thursday, Musk wrote that he was “clearly wrong” about the company, which he had dismissed in September 2025 […]
SpaceX, the rocket company founded by Elon Musk, has shown investors a prototype of a handset-like AI device, according to a report from The Wall Street Journal published Monday. The device is described as sleeker and slimmer than an iPhone, placing it somewhere between a compact smartphone and a purpose-built AI gadget like the Rabbit […]
Former Sequoia Capital managing partner Roelof Botha has joined SpaceX’s board of directors, the company disclosed in a Securities and Exchange Commission filing on Wednesday. The appointment fills an existing vacancy and comes less than a week after SpaceX completed the largest initial public offering in history. Former Sequoia Capital managing partner Roelof Botha has […]
SpaceX began trading on the Nasdaq on June 12, 2026, in the largest initial public offering in history. The company priced 555.6 million shares at $135 each, raising $75 billion and making CEO Elon Musk the world’s first trillionaire on paper. By 2:30 pm ET on its first full day of trading, shares had climbed […]
SpaceX is set to go public on Friday with a $75 billion stock offering that is reportedly deeply oversubscribed, with some institutional investors committing as much as $10 billion for a piece of Elon Musk’s empire. But beneath the excitement lies a sobering reality: the company’s bankers have valued it at nearly $1.8 trillion, a […]
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