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The Latest Breaking News from XAI

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…

The Economic Times

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.

Fortune

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…

MyLifeXP

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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.

International Business Times

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.

Barchart

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.

Tom’s Hardware

'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

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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.

International Business Times UK

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.

MarketBeat

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.

Fortune

Is Elon Musk the Richest Man in the World? Tesla CEO Set For Trillionaire Status As SpaceX Files Historic Market Debut

Elon Musk's SpaceX is set for a record-breaking IPO, potentially valuing the company at $1.75 trillion. This move could make Musk the world's first trillionaire, reshaping public markets.

International Business Times UK

Trump cancels AI executive order over China fears

US president calls off plan to add safety guardrails amid pressure from Elon Musk and Mark Zuckerberg

The Independent UK

Mars colony and Grok warnings: five strange details in SpaceX’s pitch to investors

IPO filing from Elon Musk’s company reveals look at finances, cosmic ambitions and insight into tech empire’s quirks

The Guardian - US

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The Mary Sue

‘It’s a Deliberate Feature’: Elon Musk’s Child’s Mother Spills the Tea About Grok, Revealing Dark Details About Its Working

They are currently training Grok to undress women better

International Business Times

Musk's SpaceX Files For Blockbuster IPO As Starlink Profits Offset Deep Company Losses

SpaceX has formally launched plans for a massive public stock offering, opening its financial records to investors for the first time and revealing a business generating billions in revenue while still losing heavily on operations.

Barchart

Dear Future OpenAI Stock Investors, Mark Your Calendars for May 22

Wall Street is watching May 22 closely as OpenAI reportedly prepares for a potentially confidential IPO filing.

International Business Times UK

Elon Musk Won't Get Paid His New SpaceX Bonus Until 1 Million People Move to Mars

Elon Musk's SpaceX bonus is contingent on achieving a $7.5 trillion valuation and establishing a permanent human colony on Mars with at least one million people, according to the company's IPO filing.

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The Guardian - UK

The main takeaways from Elon Musk’s plans for $1.75tn SpaceX flotation

Prospectus for tycoon’s sprawling empire reveals his plan to keep control – and ambition to colonise Mars

The Economic Times

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…

Euronews

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.

The Economic Times

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…

France 24

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.

The Economic Times

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.

Fortune

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.

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