Report: Google and SpaceX in talks to put data centers into orbit
Google and SpaceX are in talks to build data centers in orbit, pitching space as the future home for AI compute, even as costs today remain far higher than on the ground.
SpaceX
SpaceX has a $55 billion plan to build AI chips in Texas
Elon Musk’s plans to get into the AI chip manufacturing business are going to be costly. As the New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its “Terafab” chip plant in Austin, Texas. That’s according to the details of a public hearing notice filed in Grimes County, […]
Is xAI a neocloud now?
xAI’s real business may be more about building data centers than training AI models.
SpaceX may spend up to $119B on ‘Terafab’ chip factory in Texas
The project would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” according to the proposal.
Pentagon inks deals with Nvidia, Microsoft, and AWS to deploy AI on classified networks
The deals come as the DOD has doubled down on diversifying its exposure to AI vendors in the wake of its controversial dispute with Anthropic over usage terms of its AI models.
SpaceX backer 137 Ventures raises $700M for two growth-stage funds
VC firm 137 Ventures has raised over $700 million to back growth-stage startups. Its portfolio includes SpaceX, Anduril, Hadrian.
Tim Cook is stepping down. What happens to Apple now?
Tim Cook plans to step down from his CEO role in September, handing the reins to hardware chief John Ternus. Ternus may be inheriting one of the most durable businesses in tech, but he’s also stepping into a very different ecosystemthan the one Cook spent decades shaping. The App Store’s 30% cut is under pressure, the behind-the-scenes power Apple once […]
How SpaceX preempted a $2B fundraise with a $60B buyout offer
Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion “collaboration fee” and a path to a $60 billion acquisition.
SpaceX cuts a deal to maybe buy Cursor for $60 billion
With an IPO looming for Elon Musk’s SpaceX / xAI / X combo platter of companies, SpaceX has announced an odd arrangement to either acquire the automated programming platform Cursor for $60 billion or pay a fee of $10 billion. Buying this startup that’s focused on AI coding could help xAI’s tools compete with market […]
The SpaceX IPO is a trillion-dollar gamble on the future of space
The great SpaceX IPO is looming, allowing outside investors – including regular Joe Schmoes, or retail investors – to buy a stake in one of the buzziest and most controversial companies on the planet for the first time. Depending on who you ask, it’s either the best investment opportunity you’ll see this decade or a […]