The merger creates the world’s most valuable private company, and paves the way for Musk to try and prove out the usefulness of space-based data centers.
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 – […]
The Department of Justice has released more of its records on self-described “science philanthropist” and convicted sex offender Jeffrey Epstein. Other than Epstein, they’ve also brought an intense focus on the many powerful people who associated and corresponded with him, including Bill Gates, Elon Musk, Google co-founder Sergey Brin, and President Donald Trump. There’s also […]
Elon Musk’s reported merging of SpaceX, xAI, and Tesla harkens back to the heyday of General Electric — or maybe the robber barons of the Gilded Age.
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 secondary share transactions for late-stage private companies.
Is Tesla still a car company? It’s a question we’ve been asking ourselves more frequently over the past year, especially as the company’s car business shrinks and Elon Musk continues to push the message that Tesla should be seen more as an AI and robotics leader and less so as a mere seller of four-wheeled […]
