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The Latest Breaking News from XAI

Will California’s billionaire tax proposal make it to ballots?

Despite more than double the needed number of signatures to qualify for ballot, there’s uncertainty it’ll make it to voters

The Guardian - US

Elon Musk to get a billion shares of SpaceX if he can settle a million humans on Mars

Prediction market traders think a human colony on Mars is unlikely, and SpaceX itself did not specify a timeline in its prospectus.

Fortune

SpaceX Announces Bond Sale Days After Its IPO, Shares Plummet

SpaceX announced a bond sale on Monday, saying it will use the funds to pay for bridge financing and general purpose needs. Stocks are plummeting during the session.

International Business Times

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Cathie Wood Loads Up on SpaceX Stock. She Is Betting Big That Musk’s AI Vision Will Pay Off.

Cathie Wood’s aggressive buying signals strong confidence in SpaceX, but investors must decide whether Elon Musk’s ambitious AI vision can ultimately justify the company’s lofty valuation.

Barchart

SpaceX valuation hinges on uncertain AI economics, says Professor Aswath Damodaran

SpaceX's massive market debut, reaching a $2 trillion valuation, is largely fuelled by AI ambitions, according to valuation expert Aswath Damodaran. While Starlink contributes significantly, he cautions that the AI business is nascent with uncertain economics and high costs. Damodaran warns against equating growth with value, emphasising that even compelling…

The Economic Times

Meet the SpaceX insiders Elon Musk trusts to run his $2.4 trillion dollar empire

SpaceX is bigger and more complex than ever. Here's the inner circle Elon Musk relies on to run it.

Fortune

Elon Musk's business empire: The companies behind the world's richest man

From a video game sold for $500 (€430) as a teenager to a business empire spanning rockets, electric vehicles, AI and brain implants, Elon Musk has spent decades building companies that have reshaped multiple industries. Here's a look at the businesses behind the world's richest man.

Euronews

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SpaceX Wants Another $20 Billion After Historic IPO—This Time Through a Bond Deal

SpaceX is set to issue $20 billion in investment-grade bonds to refinance a bridge loan and support its AI expansion, following a historic Nasdaq IPO.

International Business Times UK

'Godfather of AI' Says xAI Can't Compete with OpenAI and Anthropic, Calls It a 'Failure'

Yann LeCun criticises Elon Musk's xAI as a 'failure' unable to compete with OpenAI or Anthropic, and warns of a looming AI industry 'bubble explosion'.

International Business Times UK

U.S. gov't asks court to dismiss NAACP lawsuit against Elon Musk's xAI over use of unpermitted gas turbines — DOJ says Grok model running at Colossus 2 ‘supports mission-critical operations’

The US government is seeking dismissal of a lawsuit from the NAACP, arguing that the Colossus 2 data center is crucial for national security. The data center runs the Grok Gov AI model, and the government claims a shutdown "directly threatens ongoing national security interests."

Tom’s Hardware

2,000 targets in 96 hours: How Elon Musk's Grok AI helped US military strike Iran

The US military used Elon Musk's artificial intelligence tool Grok to help plan and execute strikes against Iran, the Pentagon has revealed in a legal filing, marking the first official confirmation of xAI's technology being deployed in lethal military operations.

The Times of India

Elon Musk's AI tool Grok was used in strikes against Iran, Trump administration says

Elon Musk's AI tool Grok is now part of US military operations. The US government revealed Grok's use in strikes against Iran. This information emerged in a legal brief defending xAI's data center. Pentagon AI chief Cameron Stanley confirmed Grok's role in military programs. This technology is enhancing operational efficiency…

The Economic Times

Trump’s DoJ intervenes to back Elon Musk in datacenter pollution lawsuit

Justice department urges judge to throw out suit brought by NAACP over xAI’s methane-gas turbines in Mississippi

The Guardian - US

In boost to Musk, Justice Department seeks to dismiss air pollution lawsuit against xAI data center

The Trump administration is helping one of Elon Musk's companies fight a civil rights lawsuit that alleges it is illegally running dozens of natural gas turbines to power a $20 billion data center in Mississippi

AAP

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International Business Times

AI Boom Drives Fast-Tracked Approval of Natural Gas Powerplants With Little Oversight: Report

An investigation found that dozens of large natural gas power plants designed exclusively for data centers are moving through permitting processes at unprecedented speed.

The Independent UK

Pentagon used Elon Musk’s Grok AI to fire 2,000 missiles at Iran, official says

Top defense official says data centers powering trillionaire’s chatbot are critical to national security

Fortune

SpaceX just surpassed Amazon’s market cap, overtaking the 31-year-old company on day three of public trading

Elon Musk has made more money today than Warren Buffett has made in his entire career.

The Independent UK

Trump’s DOJ defends Elon Musk-owned data center against NAACP lawsuit

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The Independent UK

Trump’s DOJ defends Musk’s ‘Colossus’ data center despite claims it threatens Black communities

Elon Musk’s Grok platform provides ‘critical support for the Department of War’s military operations,’ the DOJ said

International Business Times

SpaceX To Acquire AI Coding Startup Anysphere In $60 Billion Deal

SpaceX has agreed to acquire Anysphere, the company behind the coding platform Cursor, in a deal valued at $60 billion.

The Guardian - UK

SpaceX overtakes Amazon to become world’s fifth most valuable company

Elon Musk’s firm briefly reached $2.97tn valuation days after its IPO following purchase of AI coding startup Cursor

The Economic Times

Can Elon Musk's xAI challenge Anthropic after SpaceX's $60 billion Cursor AI acquisition from Anysphere?

SpaceX has agreed to acquire Cursor AI parent Anysphere for $60 billion in an all-stock deal, days after SpaceX's blockbuster Nasdaq debut. The acquisition hands xAI's Grok a foothold in AI coding tools, tapping Cursor's $2 billion annualized revenue and rapid enterprise adoption. Closing is expected in Q3 2026. Now…

International Business Times UK

Elon Musk Suffers Second Court Blow In A Month As Judge Throws Out xAI's Lawsuit Against OpenAI

Elon Musk's xAI loses a trade-secrets lawsuit against OpenAI as a federal judge dismisses the case, marking Musk's second legal defeat against OpenAI in a month.

Euronews

SpaceX buys AI coding startup Cursor for $60bn as AI race with OpenAI and Anthropic intensifies

SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO.

AAP

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week

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