Elon Musk is merging two of the companies that he leads, SpaceX and xAI (which also owns X), into one. According to an announcement from Musk: SpaceX has acquired xAI to form the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time […]
Last week, the Department of Justice released a trove of documents related to its case against Jeffrey Epstein, its largest to date. Amid the millions of files were many mentions of Elon Musk. A search of Musk’s name in the department’s database results in at least 1,500 hits. Since the release, Musk has been – […]
SpaceX is aiming to fly its next-gen Super Heavy booster next month, according to a recent post on X by the company’s CEO, Elon Musk. As part of the Starship rocket that also includes the upper-stage Ship spacecraft, the Super Heavy is the most powerfu…
SpaceX’s filing claims these satellites will be “a first step towards becoming a Kardashev II-level civilization — one that can harness the Sun’s full power.”
SpaceX filed a request with the FCC on Friday seeking approval to put a constellation of 1 million data center satellites into orbit. While the FCC is unlikely to approve a network that expansive, SpaceX’s strategy has been to request approval for unrealistically large numbers of satellites as a starting point for negotiations. The filing […]
To unpack what SpaceX’s IPO chatter means, how private liquidity works before a debut, and what investors are looking for in today’s pre-IPO giants, we spoke with Greg Martin, managing director at Rainmaker Securities, a broker-dealer specializing in s…
Self-driving truck startup Waabi’s billion-dollar fundraise isn’t just about trucks. The deal, for $750 million up front plus another $250 million from Uber tied to deployment milestones, marks a major expansion i…
Elon Musk-led SpaceX may merge with another company helmed by Elon Musk. Reuters initially reported Thursday that SpaceX and xAI are “in discussions to merge” ahead of SpaceX’s IPO that’s planned for later this year. The merger would help with SpaceX’s plans to launch data centers into space, according to the publication. Later on Thursday, […]
This merger would bring the Grok chatbot, Starlink satellites, and SpaceX rockets together under one corporation.