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The Latest Breaking News from XAI

SpaceX eyes $75 billion IPO, valuing company at $1.77 trillion

SpaceX, Elon Musk’s rocket and satellite company, said on Wednesday it plans to raise about $75 billion in an initial public offering, valuing the company at $1.765 trillion. The company will offer 555.6 million shares at $135 each, surpassing Saudi Aramco’s record $25.6 billion IPO in 2019.

France 24

SpaceX reveals its share price and record valuation: 555.6 million shares at $135 apiece, at a $1.77 trillion valuation

The SpaceX filing starts the timer on a hot IPO summer complete with two other highly anticipated IPOs: Anthropic and OpenAI.

Fortune

Affluent Trump officials may get richer with SpaceX IPO, among them-Steve Witkoff

SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members of the administration. The IPO, expected to happen as soon as next week, is set to make Musk the world's first trillionaire if it achieves its targeted valuation of at…

The Economic Times

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Labour MP sues Elon Musk’s xAI company over fake sexualised images

Jess Asato was portrayed wearing a bikini in Grok-generated images after she criticised creation of such non-consensual pictures

The Guardian - UK

SpaceX Aims To Be the Largest IPO Ever — But It Just Posted a $4.28 Billion Quarterly Loss

For many investors, the math isn't mathing on the SpaceX IPO. Here's what to know.

Barchart

Will SpaceX IPO make Elon Musk a trillionaire?

He is already the richest man in the world, but when SpaceX finally makes its hotly anticipated stock market debut, Elon Musk could become the planet's first trillionaire. Robinson said Musk could take on an "aura of God" for some people should he become the world's first trillionaire -- but…

The Economic Times

Elon Musk’s Grok destroyed the world after just four days in an AI simulation

The experiment saw other AI chatbots, like Anthropic’s Claude, set up stable democracies

The Independent UK

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Michael Burry Calls Elon Musk-Nvidia AI Deal 'Fugazi' — Warns Retirees of Hidden Risks

Michael Burry criticises Nvidia and xAI for risky AI expansion tactics, potentially endangering US retirees' savings. How these strategies impact the AI industry and retirement funds.

International Business Times UK

SpaceX IPO: Stellar opportunity or an investing misfire?

Elon Musk’s AI and rockets company will launch on the stock market on 12 June

The Independent UK

Elon Musk Sparks $2 Trillion IPO Panic After His Own Tweet Blows Hole in SpaceX and xAI Money Claims

Elon Musk's social media post has disrupted revenue assumptions for SpaceX and xAI, challenging a proposed $2 trillion valuation and highlighting uncertainties in AI.

International Business Times UK

The SpaceX IPO Is a Bet That Retail Investors Love Elon Musk So Much They’ll Fund His Money-Losing Empire

The SpaceX IPO is an optical illusion hiding in plain sight.

Barchart

The 180-Day Lease Holding Up SpaceX's $2 Trillion IPO

SpaceX's reported $2 trillion valuation is being propped up by a 180-day lease to Anthropic.

Barchart

Wall Street Is Starting to Talk About Tesla's Endgame

The Tesla-SpaceX merger thesis is more grounded than it sounds, and if it materialises, could be the most consequential corporate merger in history.

MarketBeat

Elon Musk's SpaceX Will Buy Intel For $1 Trillion, Market Analysis Predicts

A $1T hypothetical SpaceX–Intel deal shows how owning chip factories could lock in AI power, underscoring semiconductors as tech's ultimate lever.

International Business Times UK

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The Economic Times

Elon Musk defends AI ambitions as IPO reveals trouble

Elon Musk insists that his artificial intelligence venture xAI remains a serious competitor, pushing back against mounting doubts after revelations that the supercomputing facilities built to power his own AI models are being rented out to a rival. It has also landed a Pentagon contract worth up to $200 million…

Fortune

SpaceX's $80 billion IPO has a catch: 78% of the money is already spoken for

Investors rushing into SpaceX's blockbuster IPO may not realize how little of the record-breaking raise will actually go toward the company's future.

MyLifeXP

Elon Musk's SPACE AI Data Centers: Genius or Dangerous Gamble?

IntroductionArtificial intelligence is quickly becoming one of the most influential technologies of the modern era. Behind every AI chatbot, image generator, and smart recommendation system lies an enormous amount of computing power. As the demand for AI grows, so does the need for larger and more advanced data centers. Elon…

International Business Times

SpaceX-Tesla Merger Talk Intensifies Ahead of Rocket Company's Nasdaq Debut

Elon Musk is about to take SpaceX public, and the move is reigniting speculation across Silicon Valley and Wall Street that his long-term goal may be to combine the company and Tesla into a single corporate empire.

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Barchart

Tesla Has a SpaceX Stake and $890 Million in Related Revenue. The Upcoming SpaceX IPO Could Be a Major Win for TSLA Stock.

With Tesla holding a SpaceX stake and booking roughly $890 million in related revenue since 2023, investors must weigh the long-term strategic upside against potential near-term volatility as capital and attention shift toward the SpaceX IPO.

Tom’s Hardware

SpaceX admits it can't find enough chips for orbital AI yet, requires 'significantly more than are currently available to us' — firm's risk factors in IPO paperwork also says ambitious TeraFab project may not be successful

SpaceX warns that it may not secure enough AI hardware to achieve its orbital AI ambitions even with supply from TeraFab. Also, Intel and Tesla may leave the TeraFab project.

International Business Times UK

'xAI Is Half The Age Of Anthropic, OpenAI Is Four Times Older': Elon Musk Dares Critics To Wait 3 Years

Elon Musk believes his company's AI model will be great and urged critics to wait three years to see where things stand relative to rival models.

International Business Times UK

Musk Pocketed More from America's War After Pushing a Fivefold Starlink Price Hike on the Pentagon

SpaceX and the Pentagon are at odds over Starlink pricing during the Iran conflict, highlighting the military's dependency on commercial satellite technology.

MarketBeat

SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns

InvestorPlace's Luke Lango argues the SpaceX IPO signals a broader AI empire play, naming RDW, HSAI, ARM, and CRWV as his top positioned stocks.

Fortune

Elon Musk’s best friend could make $100 billion on SpaceX. His firm is also owed billions

Antonio Gracias' Valor entities hold a massive SpaceX stake—and are on the other side of nearly $20 billion in AI hardware financing deals guaranteed by the company.

Fortune

Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets

Elon Musk's creation has essentially re-invented itself from a commercial space pioneer facing little competition, to an AI-centric player battling all the hyperscalers.

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