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The Latest Breaking News from XAI

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

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.

International Business Times

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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

The Independent UK

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.

Fortune

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

IN FULL

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

The Independent UK

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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.

International Business Times

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 Guardian - UK

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…

The Economic Times

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.

International Business Times UK

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.

Euronews

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

AAP

SpaceX to acquire AI coding company Cursor for $60 billion

SpaceX is set to acquire AI coding firm Anysphere, creators of Cursor, for a staggering $60 billion. This strategic move aims to bolster SpaceX's enterprise AI market presence, following its recent blockbuster IPO. The deal, expected by Q3 2026, could significantly boost xAI's capabilities.

The Economic Times

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The Economic Times

US judge dismisses Elon Musk's xAI trade secret lawsuit against OpenAI

U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen Li to divulge confidential information related to its Grok chatbot, or that OpenAI engineers knew Li ‌might have ⁠disclosed any.

The Economic Times

Business lesson from world's first trillionaire Elon Musk: 'Rely less on business gurus and their books and more on biographies' What business owners can learn from world's richest man's success mindset

Elon Musk, the world's first trillionaire, eschews traditional business gurus, drawing wisdom from history and biographies of innovators. His approach, exemplified by SpaceX and Tesla, emphasizes long-term vision and persistence. This strategy has fueled his vast business empire, spanning electric vehicles, space exploration, and AI, demonstrating the power of learning…

The Independent UK

Inside Elon Musk’s vast empire from rockets to brain implants after historic SpaceX IPO

Musk continues to hold CEO roles across several corporations, alongside various other executive titles and ownership stakes

AAP

From rockets to brain implants, here's a look at Elon Musk's vast empire

Elon Musk, the world's richest man and now first-ever trillionaire, controls a lot of different businesses

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Fortune

On the day of a historic IPO, SpaceX’s president is already hinting at a Tesla merger: ‘That might make Elon Musk’s life a little easier’

A combined SpaceX-Tesla could be worth more than $3 trillion.

International Business Times

Elon Musk Becomes the World's First Trillionaire After SpaceX IPO

A record-breaking IPO vaulted SpaceX into the ranks of the world's most valuable publicly traded companies and dramatically increased the value of Musk's holdings across his business empire.

International Business Times UK

Elon Musk Confession: 'Trillionaire' Rejects Relaxing On Beach Because 'Nothing Matters If We Collapse'

Elon Musk says civilisation's survival outweighs personal luxury, arguing that cultural and political battles matter more than leisure if society were to collapse.

The Economic Times

World's first trillionaire: SpaceX premium debut briefly hands Elon Musk historic status

Elon Musk briefly touched a trillion-dollar net worth as SpaceX shares surged on its Wall Street debut, though his wealth later settled below that mark. The rocket company's IPO positions it among the largest US-listed firms, with Musk reiterating his ambition to take humanity to Mars and beyond.

The Independent UK

Giant inflatable Elon Musk appears in Times Square ahead of SpaceX IPO

The inflatable was stamped with a message claiming that ‘SpaceX’s Grok makes AI child porn’

The Economic Times

What is SpaceX's IPO ticker and where will it be listed as SpaceX stock begins trading today, June 12, in the biggest IPO in history— should investors buy on day one?

SpaceX IPO Ticker, Nasdaq Listing and $1.78 Trillion Valuation: The wait is finally over. SpaceX stock began its historic market debut today, June 12, 2026, after pricing at a fixed $135 per share the night before. The company raised a record $75 billion, landing an opening valuation of approximately $1.77…

The Guardian - US

SpaceX makes largest ever stock market debut, making Elon Musk world’s first trillionaire

Initial public offering for aerospace and AI company made Musk the world’s first trillionaire as share prices jumped

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