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The Latest Breaking News from XAI

Grok falls flat in Washington, undercutting SpaceX's AI growth story

SpaceX's AI chatbot Grok faces significant challenges gaining traction within the U.S. government. Federal agencies show a strong preference for competitors like OpenAI and Alphabet. This limited adoption raises questions about SpaceX's ambitious valuation and its projected AI market share. Grok's struggle in the government sector may also impact its…

The Economic Times

SpaceX IPO ready for launch as countdown begins for what could be the biggest ever listing

SpaceX plans a record-breaking IPO that could raise around $75 billion (€64.5bn) despite ongoing losses. The Elon Musk-led firm says funds will support Moon and Mars missions, while strong Starlink earnings contrast with losses in X and xAI.

Euronews

SpaceX reveals Musk company links, from Cybertrucks and jets to stock investments

SpaceX's IPO filing shows deep financial links between Elon Musk's companies. Transactions include Cybertruck purchases and shared jets. Tesla invested in SpaceX, and they collaborate on chip manufacturing. AI infrastructure leases involve significant obligations. These disclosures highlight a complex network of operations across Musk's ventures ahead of a potential record…

The Economic Times

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Elon Musk eyes record-breaking Wall Street debut with SpaceX IPO

Elon Musk's SpaceX filed for a stock market debut on Wednesday that could become the largest IPO in history, seeking to raise up to $75 billion at a valuation of as much as $1.75 trillion, according to US media reports. Musk would remain CEO, CTO and chairman after the listing.

France 24

SpaceX IPO filing lays bare losses and Elon Musk control as it stakes future on AI

SpaceX has filed for its IPO, revealing substantial losses in its artificial intelligence division. The company's future hinges on unproven technologies like space data centers. Starlink, its satellite internet service, remains the only profitable segment. The IPO could be the largest ever, valuing SpaceX at a record amount.

The Economic Times

Elon Musk's pay package reveals what SpaceX actually is: a $1 trillion monster built to colonize Mars

‘We do not want humans to have the same fate as dinosaurs,’ the prospectus reads.

Fortune

Why is Anthropic Paying Elon Musk's SpaceX $1.25 Billion a Month? Inside The Massive Colossus Pact

Anthropic commits to a £980 million monthly deal with SpaceX for AI compute power, underscoring the critical need for infrastructure in the AI sector.

International Business Times UK

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When AI giants go public, will ordinary investors know if they are along for the ride?

We’ve heard a lot about the artificial intelligence (AI) boom and how enormous amounts of money are being poured into companies building ever more powerful technologies.

The Conversation

SpaceX reveals blockbuster initial public offering plan

Elon Musk's SpaceX has unveiled plans for one of the biggest sales of stock to the public ever with an initial offering that could make Musk a trillionaire.

AAP

Jeff Bezos Says Space Data Centers Are Realistic, But Thinking They Will Happen In The Near Future Is 'a Little Ambitious'

Jeff Bezos said the idea of putting data centers in space is plausible, but not in the near-term future.

International Business Times

Goldman Sachs reportedly selected to lead SpaceX IPO in landmark Wall Street deal

Goldman Sachs has reportedly secured the leading underwriting role for SpaceX’s expected stock market debut this year in a move that paves the way for the largest IPO in history.

Euronews

xAI Reportedly Asked Employees For Their Tax Returns To Train a Model But Hasn't Paid Them Yet

xAI asked employees for their tax returns to train its model and promised to pay them for it, but months later that has not changed, according to a new report.

International Business Times

Did Elon Musk lose his landmark OpenAI lawsuit? Jury delivers swift verdict-here's what you need to know

A California jury has rejected Elon Musk's lawsuit against Sam Altman and OpenAI. Musk claimed OpenAI abandoned its nonprofit mission for profit. The jury dismissed his claims as untimely. This ruling is a significant victory for OpenAI amidst its rapid growth in the AI race. Musk's legal team reserves the…

The Economic Times

Dear Future SpaceX (SPCX) Stock Fans, Mark Your Calendars for June 12

SpaceX has Wall Street clearing calendars as Musk prepares a potentially record-shattering IPO debut that could steal 2026’s spotlight.

Barchart

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The Economic Times

Elon Musk’s xAI promised staff $420 for their tax returns, hasn’t paid

Elon Musk's xAI offered employees a $420 payment for their tax returns to train its Grok chatbot. Two months later, these promised payments have not been made. This delay has caused dissatisfaction among staff. xAI is undergoing significant changes and is working to improve its products and business operations.

International Business Times

SpaceX Files for the Largest IPO Ever Since Absorbing a $4.94 Billion Loss From Its xAI Merger

A cash-printing satellite network, an entrenched launch monopoly, and a $14-billion-a-year AI furnace are about to be priced under a single ticker. The hard part isn't the size. It's deciding what SpaceX actually is.

Kiplinger

SpaceX IPO: Should You Buy SPCX Stock?

The massive SpaceX IPO is almost here, with Elon Musk's space exploration and satellite company expected to start trading this Friday.

International Business Times

OpenAI Jury To Begin Deliberations Monday as Judge Weighs Altman Removal and $500B Restructure Reversal

A nine-person jury in Oakland will begin deliberating Monday on whether OpenAI CEO Sam Altman and president Greg Brockman violated charitable-trust law when they converted the nonprofit AI lab they co-founded with Elon Musk into a $500-billion for-profit corporation.

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The Economic Times

New York, California pension leaders oppose 'extreme' SpaceX control structure

US pension funds are raising significant red flags regarding SpaceX's imminent entry into the stock market. Leaders from California and New York have penned letters to Elon Musk, expressing their deep apprehensions about the governance framework that it affords him overwhelming influence. They urge for amendments to the voting rights…

Fortune

‘Maybe me too’: Elon Musk accepts some of the blame for Claude learning to blackmail users from ‘evil’ online AI stories

Anthropic recently released a report saying it had solved Claude’s “agentic misalignment,” or the bot’s behaviors that deviated from humans’ best interests.

Euronews

Google, Microsoft and xAI agree to US government AI testing programme

The US Centre for AI Standards and Innovation will evaluate models for cybersecurity, biosecurity and chemical weapons-related risks before they are released to the public.

PC Gamer

A Grok chatbot convinced someone it had become sentient, and that xAI was sending goons to kill him: 'They're going to make it look like suicide'

"I picked up the hammer, stuck on Frankie goes to Hollywood's Two Tribes, got myself psyched up and went outside."

Euronews

What is Elon Musk’s new chip-making facility, Terafab, and why is he building it now?

Terafab is being developed by SpaceX, Tesla, and xAI, placing it at the centre of Musk’s push to connect artificial intelligence, computing power, and space infrastructure.

The Guardian - US

US and tech firms strike deal to review AI models for national security before public release

Microsoft, Google DeepMind and xAI products to be vetted for cybersecurity, biosecurity and chemical weapons risks

Tom’s Hardware

Google, Microsoft, and xAI agree to let US government test AI models before public release — OpenAI and Anthropic also on board after renegotiating deals with Washington

OpenAI and Anthropic, which had existing evaluation partnerships with the center dating to 2024, renegotiated their deals to align with priorities in Trump's AI Action Plan.

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